Tagged: mining

Compute North Establishes New 300MW Data Center in Granbury, Texas

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

Bitfarms, a Bitcoin Self-Mining Company, Enters Into $32M Equipment Financing Deal

Bitfarms (NASDAQ: BITF, TSXV: BITF), a global Bitcoin self-mining company, has entered into a $32 million equipment financing agreement, the company announced this week. “This equipment financing agreement provides another source of non-dilutive capital, enabling us to finance equipment from our established mining operations so… Read More

Here is the Letter Senate and House Democrats Sent to Crypto Mining Firms

Last week, several Senate and House Democrats sent a letter to established crypto miners.  The letter queried miners on the negative impact on the climate due to high energy usage caused by mining crypto, like Bitcoin. The letter was signed by Senators Elizabeth Warren, Sheldon… Read More

Crypto Exchange Okcoin Is Now Offering NYCCoin, the CityCoin for New York City

Digital asset exchange Okcoin has reportedly become the first crypto trading platform in the world to list NYCCoin, which is the CityCoin for New York City. As explained in the update from Okcoin, the NYCCoin (NYC) is the CityCoin for New York City. The first… Read More

Cryptocurrency Mining Locations Closed Down in Kazakhstan as Local Authorities Claim that They’ve Caused Major Power Shortages

Kazakhstan, which is reportedly the world’s second-largest miner of Bitcoin (BTC), the flagship cryptocurrency, has closed down its digital currency mining operations until the end of this month. Kazakhstan‘s State electricity provider KEGOC decided to cut off the supply to the virtual currency miners after… Read More

Bitcoin (BTC) Fluctuation in Hashrate Is Tied to its Inflation Rate, Analyst at Compass Mining Explains

Compass Mining, which claims to be the first and largest online marketplace for Bitcoin mining hardware and hosting, has commented on the relationship between BTC’s hashrate and the leading cryptocurrency’s issuance rate. According to mining analyst Mitch Klee, the inflation rate is “tied to hashrate… Read More

Crypto Mining Firm Compute North Supports Request to Lower Energy Consumption During Storm Restoration by Nebraska Public Power District

Compute North, a company focused on economical, large-scale computing and cryptocurrency mining infrastructure, “demonstrated the value-add and positive impact of its ability to voluntarily throttle down operations at its Kearney, Nebraska data center to support the local grid during times of need.” As mentioned in… Read More

Recent Bitcoin Mining Revenue Declines but Miner Economics May Improve from Previous Year-End Estimates: Report

BitOoda, an international digital asset financial technology & services platform offering risk management solutions, best-execution brokerage & expert market analysis, notes that Bitcoin declined 3.3% week-on-week, settling at around $48,830 as of midnight UTC on December 15, but has now dropped further to about $46,300 at… Read More

Colin Pape, Creator of Presearch, Comments on China’s Exit from Bitcoin Mining, Updates on Blockchain based Search Engine’s Progress

The news regarding China’s crypto exit continues to cascade around the world as the second-largest economy puts the squeeze on Bitcoin mining, crypto trading, and other uses of crypto-assets. Just this week, it has been widely reported that the People’s Bank of China has demanded… Read More

Bitcoin Mining Council Says BTC Mining Now Mostly Using Sustainable Energy, but Claims are Questionable: Report

As the Bitcoin hashrate (the amount of computing power securing the world’s largest cryptocurrency network) experiences its worst drop ever, the newly established Bitcoin Mining Council has revealed that global Bitcoin mining is now mainly being powered by “sustainable energy.” The report from the Mining… Read More

Iran, El Salvador Make Interesting Crypto Moves: Analyst

The past few weeks have seen some interesting geopolitical developments in the cryptocurrency space, GlobalBlock sales trader Alexandra Clark said. Iran could be taking advantage of China’s tough stance on cryptocurrency mining, Clark suggests. They recently have granted permits to 30 crypto mining farms. Should… Read More

Bitcoin Mining in Iran Banned for 4 Months, Hundreds of Unregistered BTC Miners Seized by Government: Report

Zack Voell, a cryptocurrency mining specialist, writes in a blog post published by Compass that Iran has banned Bitcoin mining for four months in the country’s most recent “legal pivot” away from the “begrudged but enduring segment of miners” operating in the country. Voell points… Read More

Nasdaq listed Bitcoin Mining Hardware Firm Canaan Launches After-Sales Office in Kazakhstan

Canaan Inc. (NASDAQ: CAN), an established high-performance computing solutions provider, revealed on Monday (June 7, 2021) that it has launched its first international after-sales service center, based in Kazakhstan. According to a release shared with CI, the new Service Center will offer Canaan‘s domestic clients… Read More

Squeeze on Bitcoin: China Province Sets Up Hotline to Tattle on Crypto Miners [u]

Multiple reports are indicating that China continues to put the squeeze on cryptocurrency. Long ago, China officially halted crypto trading but the country has long been home to many crypto miners. In fact, according to the Cambridge Centre of Alternative Finance (CCAF)Bitcoin Mining Map, China… Read More

Bitcoin Ecosystem Developments are “Supportive of a Long-Term Investment Case” for BTC: Report

Bitcoin (BTC) price dropped 4.2% week on week (WoW), but then managed to recover from a dip on April 26, 2021, to ~$47,000 back to $53,450, the BitOoda team noted in their latest market report. Bitcoin is trading at just over $54,500 at the time… Read More

Bitcoin Miners Continue to Move Mining Facilities to Texas as Crypto and Blockchain Sector Gets Larger in Unprecedented Bull Market

Bitcoin miners continue to move to Texas as the leading digital currency recently surpassed the $60,000 mark (and had also crossed $61,000 on March 14, 2021). Recently, Argo Blockchain confirmed its purchase of 320 acres of land located in West Texas. Argo said it would… Read More

Bitcoin Miner Cipher Mining Technologies to Go Public Via Good Works SPAC

Cipher Mining Technologies, a U.S.-based Bitcoin mining firm, will become a publicly-traded company via a special acquisition company (SPAC). Good Works (Nasdaq:GWAC) has agreed to a merger and following the combination the new entity will be called Cipher Mining trading under the symbol CIFR. Cipher… Read More

Cryptocurrency Mining Firm Compute North Secures $25 million in Debt Financing & Equity

Compute North, a U.S.-based large-scale computing infrastructure and cryptocurrency mining firm, announced on Thursday it raised $25 million in debt financing and equity to expand capacity and enable further growth. Founded in 2017, Compute North states it delivers high-performance cryptocurrency mining and infrastructure solutions to… Read More

Shares of Bitcoin Mining Firm Marathon Patent Group Surged 20% on Wednesday, Company Joins Billion-Dollar Crypto Mining Group

Shares of digital currency mining firm Marathon Patent Group (NASDAQ: MARA) surged approximately 20% on Wednesday (January 6, 2021). This led to the firm becoming the latest member of the $1 billion digital-mining group, as the Bitcoin (BTC) price surpassed the $37,000 mark to hit… Read More

Bitcoin (BTC) Mining Hardware Market Is Heating Up and Secondary Market Prices for Machines May Rise: Report

The Bitcoin (BTC) mining machine market is heating up, according to the team at 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… Read More

Send this to a friend