Core Scientific will add 112 megawatts for CoreWeave’s GPUs and projects $2 billion in additional revenue from the 12-year hosting agreement.
Donald Trump is right: The United States could easily ramp up the amount of energy it expends on Bitcoin mining.
Donald Trump is right: The United States could easily ramp up the amount of energy it expends on Bitcoin mining.
US Public Bitcoin miner CleanSpark has released its unaudited Bitcoin mining and operations update for July 2024. It reports mining 494 BTC during the month and a 567% increase in its Bitcoin treasury compared to last year. During the bear market, CleanSpark’s Bitcoin reserve had declined over 40%, indicating a more bullish approach in 2024. […]
The post Bitcoin miner CleanSpark increased BTC treasury by 567% since 2023 appeared first on CryptoSlate.
Bitfarms said its Bitcoin production and holdings increased last month despite the rising mining difficulty, according to an Aug. 31 statement. The crypto miner revealed a 33.8% rise in Bitcoin production for July, attributed to a higher hashrate. Bitfarms mined 254 BTC in July, up from 189 BTC in the previous month. The firm also […]
The post Bitfarms boosts production by 33%, increases Bitcoin holdings above 1,000 BTC appeared first on CryptoSlate.
Bitcoin miner Riot Platforms reported a net loss of $84.4 million for the second quarter, compared to a net loss of $27.4 million during the same period last year. Despite the financial setback, the company reported $70.0 million in revenue for the quarter, down slightly from $76.7 million in the prior year. The results reflect […]
The post Riot Platforms posts $84.4 million loss in Q2 amid 52% decline in Bitcoin production appeared first on CryptoSlate.
Bitcoin miner Riot Platforms has intensified its acquisition strategy against rival Bitfarms by purchasing approximately 10 million additional shares this month, according to a July 31 filing with the US Securities and Exchange Commission (SEC). The SC 13D/A filing revealed that Riot now holds 71.56 million of Bitfarms’ total outstanding shares—valued at $159.1 million—equivalent to […]
The post Riot buys more Bitfarms shares, now holds nearly 16% stake appeared first on CryptoSlate.
Russia's lower house of the Federal Assembly, known as the State Duma, has passed two crypto-related laws on Tuesday, a Russia based policy expert told CoinDesk and Ria Novosti, Russia's state-owned domestic news agency reported.
The Bitcoin miner is seeking partners to build BTC payment apps, a company executive said.
Bitcoin layer 2s could be collectively worth around $7.6 trillion, the report added.
Marathon remains bullish on Bitcoin price in the long term, as it sold none of the BTC it mined during June.
The pro-crypto senator claimed that Bitcoin mining consumes as much energy as household appliances such as tumble dryers.
Bitcoin miner IREN (formerly known as Iris Energy) is the latest crypto mining company looking to profit from the artificial intelligence market boom, according to its July 23 Analyst & Investor Day presentation. The planned presentation shows that the firm will launch a GPU pilot at its Childress site in Prince George. This follows the […]
The post Bitcoin miner IREN ventures into AI with GPU pilot and Morgan Stanley’s guidance appeared first on CryptoSlate.
DAIM CEO and founder Brian Korshain voiced strong optimism about the potential impact of former President Donald Trump’s support for Bitcoin and said his rumored plan to make it a strategic reserve asset for the US is “possible” but could be “very difficult to get it done.” During a CNBC interview, Korshain highlighted Trump’s anticipated […]
The post DAIM CEO says Trump’s plan to make Bitcoin reserve asset is tough but ‘possible’ appeared first on CryptoSlate.
Hurting for revenue and profit, bitcoin miners are looking to activities outside mining bitcoin, such as hosting AI computers, to make up the difference. It's paying off, at least in their stock prices.
Could miner capitulation signal that selling pressure is easing, or could it be the death spiral that takes Bitcoin out of its decade-long run?
Bit Digital expressed optimism around spot Ethereum (ETH) ETFs’ upcoming launch but drew attention to the funds’ lack of staking on July 16. The company said it is “thrilled for the increased normalization and adoption” around Ethereum and the technology’s potential to reshape the financial system. Bit Digital also asserted that the ETFs could be […]
The post Bit Digital ‘thrilled’ by Ethereum ETFs but highlights their lack of staking features appeared first on CryptoSlate.
The Zcash community has approved a proposal to allocate 20% of block rewards for a new decentralized grants system. The Zcash Foundation announced that most of the community supported the “Lockbox for Decentralized Grants Allocation,” with the proposal receiving about 63% of the community’s support. This decision follows a poll by the Zcash Community Advisory […]
The post Zcash community approves decentralized grant allocations with 20% block reward appeared first on CryptoSlate.
Mainland China has repeatedly banned certain activities related to Bitcoin, but it has somehow still remained a major player in activities like Bitcoin mining.
The Energy Information Administration (EIA) said it could restart its attempts to survey crypto mining companies this year during a July 10 webinar. According to Bitcoin Magazine’s coverage, the agency’s attempts to reinitiate the survey could begin as soon as the current quarter. However, per the report, the Federal Registrar does not include any outstanding […]
The post EIA could attempt to survey crypto miners again before end of year appeared first on CryptoSlate.
Block Inc. and Core Scientific have announced an agreement to supply Core Scientific with Block’s new 3-nanometer mining ASICs. Core Scientific will be the first to integrate these advanced chips into its large-scale mining operations. This collaboration is part of an ongoing effort to decentralize Bitcoin mining hardware and foster innovation in the mining ecosystem. […]
The post Core Scientific to add 15 EH/s through Block’s 3nm Bitcoin mining ASICs appeared first on CryptoSlate.
Bitcoin (BTC) miner TeraWulf announced it has fully satisfied its debt obligations and plans to scale up its operations. On July 9, the firm said its final debt payment amounted to $77.5 million, including pre-payment fees and accrued interest. TeraWulf completed the repayment ahead of schedule and has no outstanding debt. Scaling up TeraWulf said […]
The post TeraWulf announces plans to scale Bitcoin mining, AI operations appeared first on CryptoSlate.
Miners’ profitability has been hit as the daily revenues fell from $78 million pre-halving to $26 million currently, one market analyst noted.
Core Scientific’s stock performance triggers mandatory conversion of $260 million in secured convertible notes due in 2029.
Bitcoin miner Riot Platforms’ effort to take over rival Bitfarms has taken a new turn with recent developments in both companies. Dedicated website On July 8, Riot launched a dedicated website, “ABetterBitfarms,” to educate Bitfarms shareholders on why the rival firm’s board should be reconstituted. CryptoSlate’s visit to the new website was greeted by a […]
The post Bitfarms appoints new CEO as Riot intensifies takeover bid appeared first on CryptoSlate.
The drop in mining difficulty should spell relief for the largest mining firms.
Bitcoin (BTC) miners Marathon Digital and Riot Platforms have doubled their hash rate since June 2023 amid various degrees of change at other firms. On July 3, Marathon reported an average operational hash rate of 26.3 exahashes per second (EH/s) in June, representing a 102% yearly increase from 13.0 EH/s. The change also marks a […]
The post Bitcoin miners Marathon, Riot double hash rate YoY appeared first on CryptoSlate.
Europe’s largest Bitcoin miner, Northern Data AG, has announced plans for a substantial initial public offering (IPO) in the US at a valuation between $10 billion and $16 billion. The IPO, which will be held on the Nasdaq stock exchange, is scheduled for the first half of 2025 and may also include selling a minority […]
The post Europe’s largest Bitcoin miner Northern Data to launch IPO in the US appeared first on CryptoSlate.
CleanSpark mined 445 Bitcoin (BTC) in June and grew its hash rate above 20 EH/s on the back of its recent expansion in Georgia. The mining firm’s June performance results, published On July 2, also described an average daily output of 14.83 BTC and a one-day high of 22.41 BTC. The company mined 3,614 BTC […]
The post CleanSpark mines 445 BTC in June, exceeds 20 EH/s target with Georgia expansion appeared first on CryptoSlate.
Miner revenue per exahash measures miners’ daily income relative to their contribution to the network’s hash rate, showing how much miners earn per unit of computational power they contribute. This metric is important because it reflects the profitability and economic viability of Bitcoin mining, directly influencing decisions on resource allocation, investment, and operational strategies. Given […]
The post Bitcoin miners diversify and consolidate to survive revenue drop appeared first on CryptoSlate.