Bitcoin mining company follows Tesla by setting up shop in Austin
Tech companies like Oracle, Tesla, Hewlett Packard, and now Blockcap are moving to Austin, causing many to call the state capital the Silicon Hills. Go to Source Powered by WPeMatico
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All that mined is not green: Bitcoin’s carbon footprint hard to estimate
The impact of BTC mining on the environment has turned into a debate — here’s what academics think and if “green Bitcoin” is possible. Go to Source Powered by WPeMatico
Online Game Operator The9 Plans to Purchase 2,000 Bitcoin Miners for Over $6 Million
The Shanghai-based online game operator The9 Limited, has revealed the company is planning to acquire 2,000 Canaan Avalonminers for over $6 million in a stock deal. The9 binding memorandum of understanding (MOU) explains that the new units will give the company 0.1 exahash of bitcoin hashpower. On April 9, the publicly-listed gaming and internet company … Read more
Texas Bitcoin Mining Swells- Riot Purchases Mining Site for $650M, Blockcap Establishes HQ in Austin
The Lone Star State of Texas is solidifying its role as a bitcoin mining and blockchain hub. This week two major bitcoin mining companies established operations in Texas. The company Riot Blockchain purchased a mining site in Rockdale and the bitcoin mining firm Blockcap announced establishing headquarters in Austin. Blockcap Sets Up Headquarters in Austin, … Read more
Ebang refutes Bitcoin ‘China Hustle’ claims as share price falls 20%
A NASDAQ traded Chinese Bitcoin mining firm has seen its shares fall 20% after a damning short report unveiled some alleged dodgy dealings. Go to Source Powered by WPeMatico
Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million
Following the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in a share exchange agreement. 500.com Changes Name to Bit Mining Limited and Acquires Bee Computing … Read more
Riot Blockchain purchases 42,000 Antminers from Bitmain
The $138.5 million deal will add an estimated 3.7 EH/s to Riot’s existing and planned mining capacity. Go to Source Powered by WPeMatico
UK Bitcoin mining revenues soar but China hogs 75% of ‘blood coin’ production
U.K.-based Argo Blockchain just did record revenues, but a new report suggests 75% of Bitcoin mining still takes place in China, where “blood coin” is made. Go to Source Powered by WPeMatico
New Kind of Network (NKN) gains 340% to become ‘the biggest blockchain in the world’
NKN price rallied to a new all-time high as the number of full consensus nodes on the network surpassed 67,000. Go to Source Powered by WPeMatico
Marathon Digital stock soars after company ramps up BTC mining in Q1
The company mined 196 BTC in the first quarter, bringing its total holdings to 5,143.2 BTC. Go to Source Powered by WPeMatico