Following a severe cash flow shortfall in the month of November, Iris Energy said on Monday that their hash rate had returned to levels seen before the FTX incident. The Bitcoin mining company plans to boost its internal mining capacity from 2.0 EH/s to 5.5 EH/s during the next several
Riot, a Bitcoin mining firm, claimed today that its monthly output hit a record 740 BTC in January. Despite a decrease in its fleet of mining equipment and hash rate capability. This is a 12 percent rise from the 659 BTC produced in December 2022. And a 62 percent increase
For the first time in five weeks, Bitcoin’s weekly trend finished on a bearish note. It soared at $24,000 but then dropped to just under $23,000. However, as long as it continues its upward tendency, the price of Bitcoin (BTC) is still comfortably rising above the $20,000 level. This has
While the cryptocurrency community attempts many ways to recover the market, a single entity withdrew more than $120 million in Bitcoin (BTC) from a centralized exchange Gate.io on February 4, 2023. According to whale tracker Mr.Whale, this is the second-highest withdrawal in the Gate.io exchange’s history. And currently, the crypto
While in Sri Lanka this week to film an edition of his “Meet the Drapers” TV programme with local businesses, billionaire investor and venture capitalist Tim Draper allegedly sought to persuade the government and central bank to accept bitcoin. According to Bloomberg, on Tuesday the billionaire met with Sri Lankan
In order to settle a $38.6 million debt to the New York Digital Investment Group (NYDIG), the once-prominent bitcoin miner Core Scientific signed an agreement to transfer 27,403 of its mining equipment to the latter. A few days before the holidays in 2022, the firm filed for bankruptcy. Over 27,000
The protracted bear market in Bitcoin and other cryptocurrencies led to a dramatic decrease in the value of WisdomTree’s digital asset holdings in the fourth quarter of 2022. As of December 31, 2022, the total value of the cryptocurrency funds managed by WisdomTree was $136 million. Down from $163 million
The market has reached a point of no return. A new report on non-farm payrolls in the United States is now available. The number of individuals working in the U.S.’s industrial, construction, and retail sectors. The government statistics show that in January, a staggering 517k new employment were created. The
Pick n Pay, a supermarket chain in South Africa, has accepted Bitcoin at 39 locations before rolling out the service company-wide. The rollout of Bitcoin acceptance took place over the course of the last three months of pilot testing. Customers at any of the retail locations in South Africa will
Investment management business New York Digital Investment Group’s (NYDIG) debt to Bitcoin mining firm Greenidge Generation Holdings has been drastically decreased. Greenidge transferred Bitcoin mining gear and some credits to NYDIG. As part of a series of agreements signed with NYDIG on January 30 relating to Greenidge’s secured debt. As
