Russia, a global leader in cryptocurrency mining alongside the United States, China, Kazakhstan, and Canada, is set to impose targeted bans on crypto mining in specific regions to tackle energy shortages during the winter months. The Moscow Times reports that these restrictions will particularly impact Siberia and certain occupied Ukrainian territories. Seasonal and Total Restrictions …
A Bitcoin miner who earned 2,000 BTC in 2010 has resurfaced after over 14 years of dormancy, transferring the entire $180M fortune today. These coins were mined during Bitcoin’s early days when block rewards were 50 BTC, and BTC held little to no value. This unexpected activity coincides with Bitcoin’s price reaching $91,313, marking a …
Bitcoin miner Greenidge Generation will continue operating in New York after prevailing in a legal case against the State’s Department of Environmental Conservation (DEC), according to a Nov. 14 statement. Judge Vincent Dinolfo of the New York Supreme Court determined that the DEC’s actions in denying Greenidge’s Title V Air Permit application were legally flawed […]
The post Bitcoin miner Greenidge wins legal battle to keep mining in New York appeared first on CryptoSlate.
While Helium mining can be profitable, factors like location, network congestion and HNT price fluctuations influence earnings.
Jack Dorsey’s company, Block (formerly Square), is increasing its focus on Bitcoin after Trump’s election victory. In a recent report, Block shared plans to double its Bitcoin mining and its self-custody wallet, Bitkey. This move matches Trump’s push to make the U.S. a leader in Bitcoin mining. However, Block recently completed an advanced Bitcoin mining …
Galaxy Digital is the latest Bitcoin mining firm exploring a shift to AI, driven by increasing competition and rising mining difficulty within the sector. In its third-quarter earnings report released on Nov. 7, Galaxy announced a preliminary agreement with an undisclosed US hyperscaler—a large data center operator—to potentially convert its 800-megawatt (MW) Helios mining facility […]
The post Galaxy Digital explores AI potential in response to Bitcoin mining slowdown appeared first on CryptoSlate.
The Bitcoin mining difficulty has jumped to an all time high. It has peaked at 101.65 trillion and it is putting bitcoin miners in a very tight spot. Especially the private miners are feeling intense pressure. They have to battle against the soaring costs and stiff competition. Let’s explore the facts behind this rise in …
The Bitcoin hashrate, on a seven-day moving average, hit a record high of 755 EH/s last week.
Two of the largest public Bitcoin miners — Marathon Digital and Riot Platforms — recorded their highest monthly Bitcoin production since the April halving event, despite the industry’s ongoing challenges with rising mining difficulty. On Nov. 4, Marathon Digital announced that it boosted its Bitcoin production by 2% to 717 BTC in October, marking its strongest […]
The post Bitcoin miners Marathon and Riot achieve record post-halving production appeared first on CryptoSlate.
German telecom giant Deutsche Telekom has partnered with Germany’s oldest bank, Bankhaus Metzler, to launch a pilot project testing Bitcoin mining infrastructure powered by surplus renewable energy. The initiative aims to utilize excess electricity from renewable sources that would otherwise remain unused due to grid limitations or insufficient storage options. Per the announcement on Monday, Nov. 4, […]
The post German giants confirm trial to mine Bitcoin with surplus energy to stabilize grid appeared first on CryptoSlate.
Researchers from the non-profit organization Exponential Science and University College London have pointed out that Bitcoin mining bans might have unintended environmental consequences that could increase carbon emissions by up to 2.5 million tonnes annually. In the paper titled “The Unintended Carbon Consequences of Bitcoin Mining Bans: A Paradox in Environmental Policy,” the researchers examined […]
The post Study suggests Bitcoin mining bans could worsen carbon footprints appeared first on CryptoSlate.
Russia’s crypto mining laws have filled the “regulatory vacuum,” but there is still a lot of legal uncertainty about many aspects of regulation.
CleanSpark CEO Zach Bradford said it was a strategic move for the firm to increase its mining capacity in Tennessee.
The Bitcoin data center firm is deploying an additional 10,000 miners to Stronghold’s Scrubgrass site.
Riot Platforms CEO Jason Les revealed substantial interest from “blue-chip” companies looking to partner with the Bitcoin miner on AI and high-performance computing (HPC) initiatives. Speaking during the Oct. 30 earnings call, Les explained that the company has received numerous inbound offers to secure large-scale power capacity. The\ inquiries come from highly credible, financially stable […]
The post Riot Platforms attracting ‘blue-chip’ partners for AI ventures amid Q3 losses appeared first on CryptoSlate.
Riot has reduced its hashrate projections due to delays in expansion at its recently acquired Kentucky facility.
Russia is set to restrict crypto mining in several of its regions due to ongoing energy shortages, announced Deputy Minister of Energy Yevgeny Grabchak. On Oct. 30, the state news agency TASS confirmed the impending ban, which will affect areas where electricity deficits make it challenging to support crypto mining’s high power demands. Grabchak noted […]
The post Russia halts crypto mining in energy-strapped territories appeared first on CryptoSlate.
Bitmain has issued a statement distancing itself from recent media reports linking the company to a supply chain investigation involving Huawei. The Bitcoin mining equipment manufacturer emphasized that it is not engaged in such investigations and reserves the right to take legal action against outlets disseminating false information. The statement read, “BITMAIN specializes in designing […]
The post Bitmain denies connection to US supply chain investigation linked to Huawei chips appeared first on CryptoSlate.
Bitcoin’s path to $70,000 hinges on lower interest rates, the US election outcome, boosted BTC miner profits, and strong spot ETF demand.
Bitcoin (BTC) mining firm TeraWulf Inc. WULF stocks fell over 7% to $5.84 following the firm’s announcement of a $425 million offering of 2.75% convertible senior notes due in 2030. VanEck head of digital assets research Matthew Sigel highlighted that WULF was the worst-performing share in VanEck Digital Transformation ETF (DAPP) on Oct. 24. Sigel stated: […]
The post TeraWulf stock tumbles 7% amid $425 million convertible notes announcement appeared first on CryptoSlate.
Ethiopia is gradually becoming a Bitcoin mining center, thanks to its huge hydroelectric supplies and low electricity prices. Local miners are currently consuming approximately 600 megawatts (MW) of power, with further capacity expected to come online soon. With this rise in activity, Ethiopia has emerged as one of Africa’s main cryptocurrency mining destinations. Related Reading: […]
The crypto world is full of technical terms, some of which are so difficult that almost no one understands them.
The crypto world is full of technical terms, some of which are so difficult that almost no one understands them.
The cryptocurrency mining company now has 1,000 Nvidia GPUs available.
The U.S. Securities and Exchange Commission’s (SEC) lawsuit against Green United can proceed to trial, a Utah judge ruled Monday.
Bhutan has emerged as one of the key players in the world of bitcoin mining recently. Its holdings have now been estimated to be around $780 million. Related Reading: Crypto Beef Up 2024 US Elections With $190 Million In Donations This has come after Arkham Intelligence identified Bhutan as the fourth-largest governmental holder of bitcoin […]
Bhutan’s state-owned Druk Holdings touts digital assets as one of its focus investment groups.
Bhutan’s investment arm, Druk Holdings, holds more than 13,000 BTC, which is more than double El Salvador’s stash.
Bitfarms said the mining hardware was originally scheduled to be deployed in Yguazu, Paraguay, sometime in December 2024.
Bitfarms said the mining hardware was originally scheduled to be deployed in Yguazu, Paraguay, sometime in December 2024.