Tagged: mining

May 6, 2024 @ 9:57 am By Omar Faridi  |  

The Bitcoin (BTC) ecosystem recently observed a monumental event in its 15-year history with the eagerly anticipated fourth halving, signaling “a significant shift in the blockchain landscape,” the Compass Mining team noted in their latest analysis. Halvings, occurring roughly every four years, “drastically reduce the… Read More

May 4, 2024 @ 4:07 pm By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ: MARA), one of the world’s largest publicly traded Bitcoin miners and a leader in supporting and securing the Bitcoin ecosystem, today published unaudited bitcoin (BTC) production and miner installation updates for April 2024. Fred Thiel, Marathon‘s chairman and CEO said:… Read More

May 2, 2024 @ 8:37 am By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an industry participant focused on vertically integrated Bitcoin mining, reported financial results for the three-month period ended March 31, 2024. Jason Les, CEO of Riot, said: “I am excited to present results for Riot for the first quarter of 2024,… Read More

April 26, 2024 @ 8:54 am By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ:MARA), which claims to be one of the world’s largest publicly traded Bitcoin miners and a firm focused on supporting and securing the Bitcoin ecosystem, announced that the company is “increasing its hash rate target for fiscal year 2024 from 35-37… Read More

April 19, 2024 @ 1:08 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an industry enabler of  vertically integrated Bitcoin (BTC) mining, announced that it has successfully energized the substation at the Company’s Corsicana Facility. Jason Les, CEO of Riot said: “Two years ago, we purchased 265 acres of land in Navarro County,… Read More

April 19, 2024 @ 9:12 am By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ:MARA), which claims to be one of the world’s largest publicly traded Bitcoin miners and a key player focused on supporting and securing the Bitcoin ecosystem, announced the appointment of Manoj Narender Madnani as Managing Director for the EMEA Region, where… Read More

March 21, 2024 @ 4:45 pm By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ:MARA), which claims to be one of the largest publicly traded Bitcoin miners and a leader in supporting and securing the Bitcoin ecosystem, has entered into a definitive purchase agreement to acquire Applied Digital Corporation’s Bitcoin mining data center in Garden… Read More

March 3, 2024 @ 7:38 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an industry enabler of vertically integrated Bitcoin (BTC) mining, announced that it has entered into a new purchase agreement with Shenzhen MicroBT Electronics Technology Co., LTD, “through its manufacturing subsidiaries, (MicroBT) a prominent manufacturer of Bitcoin miners.” Under the Agreement,… Read More

March 1, 2024 @ 2:23 am By Omar Faridi  |  

Finfront Holding Company, a digital asset mining service and cloud-mining service provider, and Arisz Acquisition Corp. (ARIZ), a publicly-traded special purpose acquisition company, announced that they have completed their previously announced business combination. The listed company following the Business Combination is BitFuFu Inc., and its… Read More

February 26, 2024 @ 7:56 am By Omar Faridi  |  

The Texas Blockchain Council (TBC) alongside one of its members, Riot Platforms, initiated legal proceedings against the U.S. Department of Energy’s Energy Information Administration (EIA), challenging “an alleged unprecedented and illegal data collection demand against the bitcoin mining industry.” This legal action underscores the TBC’s… Read More

February 23, 2024 @ 7:27 pm By Omar Faridi  |  

Riot Platforms, Inc. (NASDAQ: RIOT), an industry enabler of vertically integrated Bitcoin (“BTC”) mining, reports financial results for the full year ended December 31, 2023. The audited financial statements are available on Riot’s website and here. Jason Les, CEO of Riot, said: “I am pleased… Read More

February 2, 2024 @ 2:43 pm By Omar Faridi  |  

Marathon Digital Holdings, Inc. (NASDAQ:MARA) , a key industry participant focused on supporting and securing the Bitcoin ecosystem, has entered into an agreement with affiliates of Hut8 Mining Corp. in order to remove Hut8 as the operator of two Bitcoin mining sites recently acquired by… Read More

January 12, 2024 @ 9:00 am By JD Alois  |  

The Biden Administration has not been known for embracing Fintech innovation and, in the past couple of years, has become more hostile towards digital assets in general. One aspect the Biden Administration is pursuing that may undermine crypto is the digital asset mining energy excise… Read More

January 7, 2024 @ 4:47 pm By Omar Faridi  |  

Bitdeer Technologies Group (NASDAQ: BTDR), a technology company for blockchain and high-performance computing, recently announced its unaudited mining and operations updates for December 2023. Linghui Kong, Chief Executive Officer of Bitdeer, commented: “In December, we continued to generate positive results in our core business and… Read More

September 18, 2023 @ 12:11 pm By JD Alois  |  

Tether CTO Paolo Ardoino says they are currently testing Bitcoin mining. Revealed in a Tweet, the Bitcoin Mining Platform Moria, is said to “facilitate seamless communication among components within the BTC mining ecosystem, enabling interactions through efficient, secure, and resilient methods that are resistant to… Read More

July 23, 2023 @ 2:36 pm By Omar Faridi  |  

Bitcoin’s hash rate, which is an estimated measure of “how fast the aggregate computational resources supporting the network is guessing solutions to new blocks,” has been on an upward ascent for much of the year, the NYDIG Research team noted. Although that might make sense… Read More

July 18, 2023 @ 4:07 pm By JD Alois  |  

Evertas has acquired Bitsure, according to a company statement. Evertas is a digital asset insurance provider. Bitsure provides insurance for crypto miners. Both companies clame to be the first of their kind in the Insurtech sector. Evertas reports that today, Bitsure policies insure about 6%… Read More

April 4, 2023 @ 12:01 pm By JD Alois  |  

Bitcoin has always been a volatile asset making significant moves in a relatively brief period of time. Currently, Bitcoin experiencing a solid rise in price due in part to the overall market and the current banking crisis. As it stands now, BTC is trading at… Read More

August 18, 2022 @ 4:06 pm By JD Alois  |  

Valereum plc (AQSE: VLRM), a firm that is in the process of acquiring the Gibraltar Stock Exchange (GSX), has announced that it will sell its Bitcoin mining assets to Vinanz Ltd. in exchange for shares of the firm amount to around 24% ownership. The deal… Read More

August 15, 2022 @ 2:26 pm By JD Alois  |  

Lake Parime, a UK-based supplier of cryptocurrency mining equipment, says it will open its first US headquarters in Jacksonville, Florida – a state that has seen migration and businesses boom as people flee high tax and less business-friendly states. Lake Parime said that it plans… Read More