Tagged: crypto mining

Bitcoin (BTC) Miners Profitability Further Improved due to Lower Mining Difficulty Level: Report

The Antminer S19 Pro price has surged around 30% since October 2020 after the Bitcoin (BTC) price began to rise. As confirmed by the HASHR8 team, the Bitcoin price increases have “widened profit margins for miners but capital expenditure costs are also rising.” John Lee… Read More

Significant Bitcoin Hashrate Came Offline, Resulting in Major BTC Mining Difficulty Drop

John Lee Quigley, who’s focused on building Bitcoin media and research products at HASHR8 Inc, notes that Bitcoin (BTC) has been trading past the $15,000 mark and appears to be holding its own during the COVID-19 pandemic. Quigley writes in a blog post that it’s… Read More

Bitcoin Mining Hardware Maker Bitmain Closes another Antminer Deal with Riot Blockchain, 20,000+ Miners Sold by Bitmain to Riot in a Year

Bitmain, a leading manufacturer of cryptocurrency mining hardware, has sold 5,100 Antminers to Riot Blockchain (NASDAQ: RIOT). Bitmain had also finalized the sale of 8,000 additional Antminers (in September 2020) to Riot Blockchain, which is a Nasdaq-listed digital currency mining company. According to a release,… Read More

Crypto Mining Firm HASHR8 Introduces Compass, which Matches Bitcoin (BTC) Miners with Affordable, Verifiable Hosting Facilities

HASHR8 Inc., a cryptocurrency mining and media firm that aims to support the “decentralized growth” of hashrate (or computing power used to secure digital currency networks) while enhancing the security of blockchains, has introduced Compass – which is a platform that will match Bitcoin (BTC)… Read More

Iran: Power Generation Company Shutters 1100 Crypto Mining Operations

Taviner, the power generation and transmission company of Iran, has shut down 1100 crypto mining farms that apparently were not licensed to do business in the country. In the summer of 2019, it was reported that the Iranian government had legalized crypto mining companies for… Read More

Jameson Lopp from Casa discusses Whether Chinese Miners are Still a Perceived Threat to Bitcoin (BTC)

Jameson Lopp, the CTO at Casa, a Bitcoin focused security company, notes that since the industrialization of BTC mining began in 2015, there have been concerns regarding the concentration of hashpower within Chinese borders. Hashpower is the computing power needed to secure the Bitcoin network,… Read More

US based Core Scientific, a Blockchain Hosting Provider, to Acquire 17,595 Antminer S19 Bitcoin Mining Machines from Bitmain

Core Scientific, a US-based blockchain hosting provider, has teamed up with Bitmain Technologies Inc., a leading Bitcoin (BTC) mining equipment manufacturer, in order to facilitate the purchase of 17,595 units of cryptocurrency mining machines “on behalf of its growing list of hosting clients” and other… Read More

Crypto Mining Firm Ebang Is Now Listed on Nasdaq Global Market, Only Second Mining Company Listed on a US Stock Exchange

Chinese firm Ebang, a leading developer of cryptocurrency mining hardware, confirmed on June 26, 2020, that it had been listed on the Nasdaq Global Market (under the EBON ticker). Notably, Ebang is only the second Bitcoin mining equipment manufacturer to go public on a US… Read More

RRMine, a Global Bitcoin Hashrate Asset Management Platform, Discusses Policy Changes in China’s Evolving Crypto Mining Sector

The management at RRMine, a global distributed Bitcoin hashrate asset management platform that maintains offices in Hong Kong, notes that blockchain or distributed ledger technology is moving past the early days of digital currency and smart contracts, and is now increasingly focused on the development… Read More

Russia’s Largest Bank, Sberbank, Calls on Suppliers to Provide 4,917 ATMs that come with Graphic Cards to Perform “Blockchain Operations”

Russia’s largest banking institution, Sberbank, has reportedly called on local suppliers to provide 4,917 ATMs that come with built-in graphic cards that can perform “blockchain operations.” According to industry experts, these graphic cards would most likely be used for mining decentralized cryptocurrencies like Bitcoin (BTC)…. Read More

Digital Assets Derivatives Exchange FTX Introduces Bitcoin (BTC) Hashrate Futures Contracts

Digital assets derivatives exchange FTX has introduced Bitcoin (BTC) hashrate futures. These financial products are being offered, so that BTC miners can hedge against the leading cryptocurrency’s continuous mining difficulty adjustments. The Bitcoin hashrate is the amount of computing power securing the BTC blockchain network… Read More

Riot Blockchain, a US-based Cryptocurrency Mining Firm, Plans to Almost Double its Hashrate Following Bitcoin (BTC) Halving

  US-headquartered cryptocurrency mining firm, Riot Blockchain (NASDAQ: RIOT), recently revealed that it has more than doubled the number of high-end Bitcoin (BTC) miners it operates – which should roughly double its hashrate (amount of computing power) at around the time of the BTC halving…. Read More

Deep Dive: Is the Upcoming Bitcoin (BTC) Halving Priced In?

The Bitcoin (BTC) halving event, when the pseudonymous cryptocurrency’s supply will be cut in half, is approaching. It should take place on May 11, 2020, which is when 210,000 blocks of BTC transactions will have been processed since the last halving event that took place… Read More

Hong Kong’s Bixin Global, a Cryptocurrency-focused Firm, Introduces $65 Million Bitcoin (BTC) Fund of Funds

Hong Kong-based Bixin Global, a cryptocurrency-focused company, has introduced what it calls a “fund of funds” (FOF), which has been financed with 6,600 Bitcoin (BTC), an amount valued at more than $65 million at the time of writing. As mentioned in a May 8, 2020,… Read More

European Parliament Suggests Broadening the Definition of Virtual Currencies and Platforms that Need to Follow Financial Regulations

The European Parliament suggests that the EU should consider broadening the existing definition of digital assets or cryptocurrencies and expand its current list of blockchain or crypto-related organizations that may need to follow financial regulations. The EU adopted the Fifth Anti-Money Laundering Directive (AMLD5) back… Read More

Canadian Crypto Mining Firm Bitfarms Announces Resignation of CEO Wes Fulford

Bitfarms, a Canada-based crypto mining firm, announced on Wednesday the resignation of its CEO, Wes Fulford. The company reported that its Chief Strategy Officer and Director, Emiliano Grodzki, will act as interim CEO and will oversee the execution of the company’s plans in the near-term…. Read More

85% of Blockchain Professionals Employed by Crypto Exchanges, App Developers, Mining Facility Operators: Report

The Digital Asset Human Capital Trends Report was recently commissioned by the Blockchain Association, an organization of active industry participants who promote efforts related to innovation and the collaboration needed to support US leadership of the crypto-assets sector. The companies included in the research sample… Read More

Crypto-mining Firm Bitfarms Announces Consolidation of 100% Ownership of Operating Entity “Backbone”

Crypto-mining company Bitfarms (formerly Blockchain Mining) announced on Tuesday it has reached an agreement to acquire 100% beneficial ownership of its operating entity, Backbone Hosting Solutions Inc. Bitfarms reported it will acquire an aggregate of 26,295,655 class A voting common shares of Backbone (purchase shares) being the… Read More

Crypto-mining Firm Bitfarms Announces $5 Million Tranche of Loan Financing

Crypto-mining company Bitfarms (formerly Blockchain Mining) announced on Monday it has drawn down the fourth and final debt financing tranche of $5 million under its loan agreement with DC BFL SPV LLC. Backbone Hosting Solutions Inc., which is a subsidiary of Bitfarms Ltd. reportedly entered… Read More

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