Argentinian oil company to start mining crypto with gas power leftovers
Tecpetrol hopes to reduce environmental impact by avoiding gas emissions, and generate some additional profits in the meantime. Go to Source
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Core Scientific cracks $77M Bitmain deal for 27K Bitcoin mining rigs
The deal was first finalized in August with Anchorage as another party agreeing to equity stake in the bankrupt crypto miner. Go to Source
How Bitcoin miners can survive a hostile market
Bitcoin mining is becoming harder — which means miners will have to spend more to receive fewer rewards. But there are still ways to be profitable. Go to Source
Bitcoin miners seek alternative energy sources to cut costs
The next generation of crypto mining will focus on alternative energy sources for efficiency. Go to Source
Hut 8 receives green light from Canadian Supreme Court for USBTC merger
The Supreme Court of British Columbia has given Hut 8 final clearance to complete a proposed merger with USBTC. Go to Source
FOMC versus BTC price ‘local bottom’ — 5 things to know in Bitcoin this week
Bitcoin network fundamentals have never looked better, as optimism trickles back when it comes to BTC price strength in a key Fed rate decision week. Go to Source
Celsius and Core Scientific propose $14M settlement for litigation
Though subject to court approval, the two firms have agreed on a settlement in which Celsius will purchase a $45-million mining data center from Core Scientific for $14 million. Go to Source
Bitcoin miner mulls refunding 20 BTC reward to Paxos
Chun’s reservations about whether to return the funds to Paxos stems from him being “annoyed” that “the person claiming it (the funds) kept saying EST instead of EDT/UTC.” Go to Source
Bitcoin at $25K: Discount or disaster?
This week, The Market Report discusses Bitcoin’s recent dip below $25,000 and what it means for the near future. Was it a discount or a disaster? Go to Source
Bitcoin to hit $100K in 2024? Canaan VP weighs up 2024 halving opportunities
Canaan vice president Davis Hui believes a supply deficit following the next Bitcoin halving will drive its price past $100,000. Go to Source