HIVE Digital Technologies (NASDAQ: HIVE) has completed the acquisition of Bitfarms Ltd.’s 200-megawatt Yguazú hydro-powered facility in Paraguay. The move will increase the company’s mining capacity by 317% from 6 Exahashes per…
Category: mining
Tether Boosts Stake in Bitdeer to 21.4%, Now Holds 32M Shares
As per recent a filing with the U.S. SEC, stablecoin giant Tether has increased its stake in Bitcoin mining firm Bitdeer (BTDR). The filing shows that Tether and its subsidiaries, currently hold…
Bitcoin Network Hashrate Inched Higher in March as Mining Economics Weakened: JPMorgan
The Bitcoin network hashrate rose 2 exashashes per second (EH/s) in the first two weeks of March, to an average of 811 EH/s, Wall Street bank JPMorgan (JPM) said in a research…
Bitcoin miner Bitfarms completes Stronghold acquisition, increases capacity to 623 MW
Bitcoin mining firm Bitfarms announced today it has completed its acquisition of Stronghold Digital Mining, securing a 1.1 gigawatt growth pipeline across three sites in Pennsylvania and expanding its presence in the…
Miners Power Through Revenue Dip
Bitcoin’s hashrate has bounced back impressively after dipping to 752 exahash per second (EH/s) on Feb. 25, now climbing to 819.65 EH/s, even as earnings took a notable hit in March. Earnings…
Bitcoin Hashprice Tumbles as Miners Brace for Tougher March
Bitcoin’s hashprice—the estimated earnings generated by operating 1 petahash per second (PH/s) of mining power—has dipped from $53.13 per petahash down to its current value of $49.81 over the past seven days….
Iran confirms seizure of 240,000 mining rigs in three years
Iranian authorities have confirmed the seizure of about 240,000 cryptocurrency mining rigs over the last three years. The confirmation was made by the state electricity company Tavanir on Sunday, as the company…
HIVE Digital shares rise as Bitcoin reserves grow 23% YoY
Shares of HIVE Digital jumped following the company’s announcement of a 23% year-over-year rise in Bitcoin reserves. Canadian crypto mining company HIVE Digital has released its February production results, revealing that its…
Bitcoin miner CleanSpark to join the S&P SmallCap 600 index
Nasdaq-listed Bitcoin mining firm CleanSpark has announced its upcoming inclusion in the S&P SmallCap 600 index. CleanSpark, one of the largest Bitcoin (BTC) mining companies in the world, revealed this via press…
Bitdeer completes testing of the SEAL03 chip for Bitcoin mining: extraordinary energy efficiency
Bitdeer Technologies Group (NASDAQ: BTDR) has announced the success of tests on its new chip for Bitcoin mining, SEAL03. The prototype achieved an energy efficiency of 9.7 J/TH, operating in low voltage…