Bitcoin mining
Blockstream Raises $125 Million for Bitcoin Mining.
Blockstream successfully raised $125 million to help the ailing Bitcoin mining industry that has been struggling to survive. Bitcoin users are financially incentivized through mining to secure the blockchain. Miners…
New York Bans Bitcoin Mining Run On Carbon-based Power Sources.
New York Governor Kathy Hochul has banned Bitcoin mining operations that run on carbon-based power sources. Companies for the next two years will not be allowed to expand or renew…
Crypto Winter Continues to Suck Out Profitability of Bitcoin Miners.
DA Davison, a Wall Street investment bank, has downgraded Core Scientific (CORZ) and Argo Blockchain (ARBK) from buy to neutral. Chris Brendler, an analyst, highlighted that crypto winter continues to…
Equity Markets Aren’t Getting any Looser, Debt Markets Aren’t Getting Any Cheaper.
Fred Thiel, Marathon CEO, highlighted that the equity markets aren’t getting any looser, the debt markets aren’t getting any cheaper, and the deals miners are doing for financing are pretty…
Nuclear Energy, Natural Gas Fastest Growing Energy Sources for Bitcoin Mining: Report.
Over the past few years, nuclear energy and natural gas have emerged as the fastest-growing energy sources for Bitcoin mining. The Cambridge Centre for Alternative Finance (CCAF) report revealed that…
PoW Bitcoin mining is the “Cleanest Industrial Use of Electricity”: Michael Saylor.
Bitcoin enthusiast Michael Saylor has lashed out against “misinformation and propaganda” about the environmental impacts of proof-of-work (PoW) BTC mining. He countered the notion about PoW BTC mining isn’t energy…
US: Texas Bitcoin miners hit as heat wave expected to push electricity grid to its limits.
Bitcoin miners across Texas are suspending operations as a severe heat wave is expected to push the electricity grid to its limits. Authorities said more than 1,000 megawatts worth of…
Energy Minister: Sweden Needs Power for Useful Purposes Other Than Bitcoin Mining.
The government of Sweden gas shown concern regarding the increase in demand for electricity, that has been projected. This is why the government may be considering turning its back, when…
Bitcoin mining is set to grow in Africa.
Bitcoin and cryptocurrency have been wildly popular in Asia and Latin America, but in its latest endeavor, it has enticed the people of Africa too. With Kenya’s numerous NGOs accepting…
Valereum set to halt Bitcoin Mining to focus on Gibraltar Exchange.
The renowned blockchain company, Valereum, recently reported that the company was selling its mining assets to Vinanz Limited. Valereum is set to achieve a 24% stake in Vinanz Ltd. as…
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