Tagged: bitcoin mining

May 22, 2023 @ 12:23 pm By Omar Faridi  |  

BIT Mining Limited (NYSE: BTCM), a technology-driven cryptocurrency mining company, today announced that it has entered into a collaboration with Chain Reaction, a semiconductor company focused on disruptive blockchain and privacy hardware, to produce next-generation systems for bitcoin mining. The systems, expected “to launch later… Read More

February 5, 2023 @ 1:25 pm By Omar Faridi  |  

Cipher Mining (NASDAQ:CIFR), a developer and operator of bitcoin mining data centers,  announced its unaudited production and operations update for January 2023. During the month of January, Cipher continued “to expand operations at Odessa, fund our capital expenditures out of operations and build our bitcoin… Read More

January 29, 2023 @ 6:00 pm By Omar Faridi  |  

As the “crypto winter” continues to drag on, Bitcoin miners are feeling the effects of the prolonged bear market. Many miners, particularly those operating at a small scale, have been forced to shut down operations due to the lack of profitability. However, for those who… Read More

December 27, 2022 @ 11:27 am By Omar Faridi  |  

Iris Energy Limited (NASDAQ: IREN), an owner and operator of institutional-grade, highly efficient Bitcoin mining data centers powered by 100% renewable energy, recently announced that its 160MW of data center capacity is “not affected by the recent announcement by the Government of British Columbia.” On… Read More

December 27, 2022 @ 10:51 am By Omar Faridi  |  

2021 was quite the ride for the cryptocurrency mining industry, according to an update from Compass Mining. Financial analysts predicted $100,000 Bitcoin prices. Miners reportedly “touted huge purchase orders and deployments. And stock prices seemingly couldn’t go downward.” By the end of that year, however,… Read More

December 6, 2022 @ 10:27 pm By Omar Faridi  |  

BlocksBridge Consulting, the consulting and advisory firm for institutions in the bitcoin mining industry, launched TheMinerMag, a data and research resource “for journalists, analysts, industry executives and anyone interested in coherent and decisive information on Nasdaq-listed bitcoin mining companies.” Additionally, BlocksBridge announced “the appointment of… Read More

December 2, 2022 @ 8:28 pm By Omar Faridi  |  

Cipher Mining, Inc. (Nasdaq: CIFR), a U.S.-based bitcoin mining company, recently announced it has commenced bitcoin mining operations at its Odessa data center in Texas. Tyler Page, CEO, said: “We are delighted to announce that our Odessa data center has begun bitcoin mining operations just… Read More

November 18, 2022 @ 5:58 pm By Omar Faridi  |  

Arkon Energy, which claims to be a “100% renewable” data center infrastructure company, has announced the completion of a US $28M raise. The Australia-based company has also “completed the acquisition of Hydrokraft AS, a leading renewable energy-based data center in Norway.” The Hydrokraft purchase is… Read More

October 23, 2022 @ 11:23 pm By Omar Faridi  |  

Leveraging the firm’s expertise in asset management and Bitcoin Mining, JKL Group is set to raise “a $50M mining infrastructure fund from family offices, HNWI, and institutional investors active in the digital assets space.” JKL Group is reportedly “the first APAC headquartered digital asset management… Read More

May 29, 2022 @ 4:59 pm By Omar Faridi  |  

Blockware Solutions (BWS), which claims to be an industry “leader” in blockchain infrastructure and Bitcoin mining, is pleased to form a partnership with SEVA. Blockware Solutions has initiated a large-scale 150-megawatt development “to expand its Bitcoin mining operations in SunPark, an extension of Rock Creek… Read More

April 26, 2022 @ 9:00 am By Omar Faridi  |  

Compass Mining , which claims to be the first and largest online marketplace for Bitcoin mining hardware, hosting, and reselling, recently revealed the release of their Home Mining Guide, which “details information on set up, maintenance, repair, and research for home bitcoin mining.” As it exists, there are many “knowledge… Read More

April 18, 2022 @ 10:47 pm By Omar Faridi  |  

Gaming Fintech ZEBEDEE and mobile gaming studio Fumb Games recently announced the release of Bitcoin Miner, which is “an idle mobile game that pays players real Bitcoin for managing a simulated crypto mining business.” The game represents “an interesting fusion of gaming and Fintech, as… Read More

April 9, 2022 @ 5:36 pm By Omar Faridi  |  

Compute North, which claims to be the leader in sustainable, large-scale computing infrastructure, has announced that construction is underway “to build a 300MW TIER 0™ data center next to the Wolf Hollow Generating Station in Granbury, Texas.” As covered, Compute North works with clients in… Read More

March 22, 2022 @ 9:25 am By Omar Faridi  |  

The team at BitOoda notes that their current target Hashrate (the amount of computing power securing the Bitcoin network) analysis calls for “a back-end loaded growth in network Hashrate to 327EH/s by the end of 2022.” BitOoda writes in a blog post that the longer-term… Read More

February 25, 2022 @ 10:59 am By Omar Faridi  |  

Recently, network difficulty on the Bitcoin (BTC) network surged around 4.8% as total hashrate (or the amount of computing power securing the leading cryptocurrency network) exceeded 200 EH/s for the “first time ever.” The team at Compass Mining noted that “breaking through mining profitability’s gloomy… Read More

February 23, 2022 @ 8:37 am By Omar Faridi  |  

The research team at BitOoda has provided an update on Bitcoin and broader public markets. As of February 15, 2022, $291 million in YTD fund outflows have taken place along with an inverted term structure of BTC volatility now “at 11% realized less implied.” As… Read More

February 15, 2022 @ 6:51 pm By Omar Faridi  |  

Bitcoin’s energy usage and its “indirect” environmental impact have been a topic of heated discussions, from “humble” beginnings in early forum posts of Satoshi Nakamoto (the pseudonymous creator of Bitcoin), to its eventual culmination as the topic of an entire committee hearing in the US… Read More

February 15, 2022 @ 3:05 pm By Omar Faridi  |  

The correlation of Bitcoin (BTC) to the Nasdaq stands at around 53% and declining. Recently, the S&P and the Nasdaq have stabilized after the late January 2022 selloff, according to an update from BitOoda. As they’ve noted, a large down day in the Nasdaq is… Read More

January 18, 2022 @ 9:17 am By Omar Faridi  |  

Brandon Bailey, a crypto mining analyst at Galaxy Digital, notes that a strong Bitcoin bull market, “authoritarian” crackdown on cryptocurrency mining in China and “flight to North America” seems to have flipped the international hashrate economy on its head during 2021. In a recent report,… Read More

January 10, 2022 @ 8:52 pm By Omar Faridi  |  

Bitcoin-focused tech firm Blockstream notes in their Markets Weekly Report that BMN is launching a capital raise via Bitfinex Securities in the coming days. Meanwhile, El Salvador is preparing its regulatory framework for the upcoming BTC bond, and Goldman Sachs (NYSE:GS) recently stated that BTC… Read More