Wed, November 27

Core Scientific Is Shutting Down 37,000 Celsius Crypto Mining Rigs

Celsius Network, a bankrupt cryptocurrency lender, has agreed to allow cryptocurrency miner, Core Scientific to shut down over 37,000 mining rigs, which it hosted for Celsius during the miner’s bankruptcy proceedings. After deciding to reject its contract in recent days, Core Scientific (CORZ) will shut down mining equipment connected to

January 4, 2023 2 mins read

Lack of Power Resources Mounts Pressure on Crypto Miners in Cuba

In Cuba, cryptocurrency has advanced to the point that its inhabitants may use it to purchase goods online from outside, recharge their mobile phones and the internet, and send and receive money from family and friends living outside of the country. However, challenges remain for cryptocurrency mining to achieve the

December 12, 2022 1 min read

Binance Added RavenCoin (RVN) to Its Crypto Mining Pool

Following the Ethereum merge upgrade, cryptocurrency miners seek new ways to mine tokens. As Binance Pool, the crypto exchange’s mining pool service is added Ravencoin (RVN) to its list of supported mining tokens, as per the statement published on Wednesday. In addition, the RavenCoin (RVN) mining pool charges 1% in

November 23, 2022 1 min read

Oil and Gas Industry Giant Shell Forays Into Bitcoin Mining Industry

Shell plc, the London-based oil and gas industry giant, has stepped forward to unveil its stance in enhancing the Bitcoin mining industry. Notably, the company has signed a two-year sponsorship with BTC Inc and Bitcoin Magazine for The Bitcoin Conference.  At Bitcoin 2023 Miami event, Shell aims to advocate the

November 11, 2022 1 min read

Skype Co-founder Leads $13M Investment in Mining Gear Firm

Metaplanet’s investment is not Tallinn’s first step into cryptocurrencies. Tallinn acknowledged owning majority of his fortune in Bitcoin. Fabric Systems, a cryptography hardware technology firm, has completed a seed round raising $13 million from investors. In order to develop low-power Bitcoin mining gear. The funding came from 8090 Partners, a

October 14, 2022 2 mins read

Bitcoin Mining Reserves Falls to Decade Low Amid Low Price

IntoTheBlock, a blockchain analytics company, reports that the quantity of Bitcoin kept in reserve by mining businesses has dropped to levels not seen since February 2010. That’s been the case for most of 2022 as well. According to IntoTheBlock, Bitcoin miners had a total of 1.91 million BTC in their

October 13, 2022 1 min read

Marathon Digital Reveals $81.3M Exposure To Compute North

Marathon does not build or manage its own mining facilities. Marathon noted that the company has the flexibility to move its miners to other sites. Marathon Digital, a Bitcoin mining company, reported $81.3 million in losses at the defunct data center Compute North in its most recent monthly report. The

October 7, 2022 1 min read

Paraguay Senators Dissent Presidents Bitcoin Mining Bill Veto

President Benitez vetoed the bill, saying that mining is a waste of energy. Paraguay may gain “new forms of employment,” as per Congressman Daniel Rojas. Paraguayan legislators overrode the president’s veto this week on a key Bitcoin mining regulatory measure. On Wednesday, 33 senators voted against President Mario Abdo Benitez’s

October 1, 2022 2 mins read

Bitcoin Mining Firm Compute North Files Bankruptcy

Back in April, the firm said that work had begun on a Granbury, Texas, co-location plant. Compute North has at least 200 creditors who are owed a total of almost $500 million. Cryptocurrency startups have had a rough winter. It has impacted the day-to-day operations of some organizations by creating

September 23, 2022 2 mins read

Bitcoin (BTC) Mining Firm Bitfarms Expands to Argentina

This boosts the company’s computational capacity to 4.1 ExaHashPerSecond. In October of 2021, development started on the Bitcoin mining facility in Argentina. Bitfarms, a Bitcoin (BTC) mining firm located in Canada, has opened up operations in Argentina. Argentina is the company’s tenth Bitcoin mining facility overall. This boosts the company’s

September 19, 2022 2 mins read