According to the local news report, at the Eastern Economic Forum (EEF-2024), Sergey Bezdelov, Director of the Industrial Mining Association, announced that Russia mined 54,000 bitcoins in 2023, generating 50 billion rubles in taxes. Bezdelov noted that with the upcoming “gentle” regulation of cryptocurrency mining, the tax contribution is set to increase as new infrastructure …
August 2024 represented the worst month for Bitcoin mining revenue since September 2023, with $827.56 million in fees generated.
Mining revenues hit 12-month lows in August, according to Bitbo.
BTC miners are struggling to adapt to a post-halving environment.
Bitcoin’s mining world is buzzing with excitement as the cryptocurrency nears its maximum supply limit. With only 1.28 million Bitcoins left to be mined out of the total 21 million, recent analyses by JPMorgan highlight a massive opportunity of $74 billion worth of Bitcoin still up for mining. This significant figure underscores a crucial moment …
Depending on the November presidential election outcome, Fred Thiel said he would consider “looking outside the US” for Bitcoin mining firm MARA’s operations.
A total of nine out of 13 US-listed Bitcoin mining companies raised capital through stock offers in the second quarter of 2024.
The loan saved Argo from bankruptcy during the crypto winter of 2022.
The new raise is part of Marathon’s strategy to go “full hodl” and make Bitcoin a strategic reserve asset for the company.
Russia explores other forms of international trade settlement following US sanctions blocking it from the SWIFT interbank messaging system.
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. […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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