Category: mining
NYDIG to Acquire Crusoe’s Bitcoin Mining Operations
NYDIG has announced plans to acquire Crusoe’s bitcoin mining operation, including its Digital Flare Mitigation (DFM) business. The transaction is subject to regulatory approvals, customary consents, and final closing. When completed, approximately…
Coin Metrics Reveals Bitcoin’s Global Energy Hunt and Hidden Supply Chain Perils
Coin Metrics’ latest State of the Network report reveals bitcoin miners are balancing stabilized revenues and persistent fee pressures post-halving through hardware upgrades and renewable energy adoption, amid geopolitical supply chain risks….
Hashrate Approaches Record High as Bitcoin Price Drives Mining Gains
Bitcoin’s hashrate has been climbing steadily, with the network adding 40 exahash per second (EH/s) over the past five days, reaching 836 EH/s—edging close to the protocol’s historical peak. In addition, as…
What is mining difficulty? Bitcoin mining difficulty explained
While the costs of Bitcoin mining can be very high, the return on investment (ROI) is even higher for major operations with huge mining capacity. Therefore, a solo crypto investor must understand…
Canaan’s Mining Revenue Surges 312% As BTC Holdings Reach 1,292 BTC
Canaan Inc. reported $269.3 million in revenue for 2024, with bitcoin mining revenue surging 312% year-over-year to $44 million. The company also expanded its North American mining footprint, securing new agreements in…