Tag: mining
Bitcoin Mining Profitability Jumped Last Month: Report
Reading time: < 1 minuteAccording to a research report by Jefferies, Bitcoin mining was more profitable in June compared to May due to a 2% increase in the cryptocurrency’s price and a 5% drop in the network’s hashrate.
Bitcoin Mining Firm TeraWulf Says It Could Consider a Merger
Reading time: < 1 minuteAccording to its chief strategist, Bitcoin mining company TeraWulf would consider merging with other companies if it can increase its profit margins, but not if it is solely for the purpose of expanding its empire.
Bitfarms Mines 21% More Bitcoins Last Month
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Bitcoin mining company Bitfarms saw a 21% increase in its Bitcoin production in June as it successfully defended itself against a takeover attempt by one of its main competitors, Riot Platforms.
Mining Firm CleanSpark Buys 5 Mining Facilities in Georgia
Reading time: < 1 minuteCleanSpark, a USA-based Bitcoin mining company with a commitment to utilizing clean energy, has announced a definitive agreement to purchase five mining facilities located in Georgia.
Deutsche Telekom Plans to Mine BTC
Reading time: < 1 minuteIn an effort to expand its presence in the cryptocurrency space, T-Mobile’s parent company Deutsche Telekom has announced plans to engage in Bitcoin mining.
Trump Wants Bitcoin to Be Mined in the US
Reading time: < 1 minuteDonald Trump reaffirmed his backing for the Bitcoin mining industry on Wednesday following a meeting with top executives from various crypto mining companies in the United States.
Bitcoin ETFs Acquire 2 Months of BTC Mining Supply in a Week
Reading time: < 1 minuteLast week, exchange-traded funds (ETFs) for Bitcoin in the United States acquired an amount of the cryptocurrency equivalent to about two months’ worth of its mining supply.
Bitfarms Mining Revenue Dropped 42% in May
Reading time: < 1 minuteIn May, Bitfarms experienced a 42% drop in revenue due to the effects of the Bitcoin halving that occurred in mid-April.
Crypto Miners Spent $2.7B in Electricity in US in 2024
Reading time: < 1 minuteIn the first few months of 2024, Bitcoin miners in the United States used a staggering 20,822.62 GWh of electricity, equating to a cost of $2.7 billion, according to Paul Hoffman from Best Brokers.
UAE Introduces Fines for Mining Crypto at Agricultural Enterprises
Reading time: < 1 minuteThe Abu Dhabi Agriculture and Food Safety Authority (UAE) has issued a warning about the illegal practice of cryptocurrency mining on farms, according to a report by Khaleej Times.
