Tag: bit digital

May 20 2022

Bit Digital hosting partners shut down crypto miners after explosion

May 20 2022 Published at Coinscreed under tags  bit digital crypto miners news

Bit Digital, a crypto mining company based in New York, said two of its hosting partners had shut down more than 4,800 rigs due to power outages at various locations. Bit Digital said in a Thursday release that "an explosion and ensuing fire" damaged a substation in Niagara Falls, forcing its partner Blockfusion USA to […] The post...

Dec 01 2021

Bitcoin Mining Stocks Beat BTC Two-To-One in 2021 ROI

Believe it or not, in 2021, Bitcoin mining stocks have outperformed the king of cryptocurrencies. This crowns the phenomenal year the whole Bitcoin industry has had. However, consider Arcane Research’s warning, “an investment in mining companies carries a much higher risk than an investment in bitcoin...

Aug 24 2021

China’s “Great Mining Migration” Leads Cryptocurrency Firms To Relocate

Aug 24 2021 Published at Bitcoinist.com under tags  bitcoin bit digital canada china covid-19

The recent move from China to crack down on cryptocurrency mining caused Bit Digital Inc to change its plan. Instead, the Nasdaq listed company intensified its efforts of acquiring over 20,000 computer systems from another country. The New York-based company has the machines in its core operations. By plugging high-powered computer systems into electrical energy sources of low costs, the machines will generate...

May 05 2021

Bit Digital Brings 5,679 Bitcoin Miners, 280 PH/s To Foundry USA Pool

Bitcoin mining company Bit Digital has joined DCG’s Foundry USA Pool as it seeks to become a world leader in hash rate.Bit Digital, a Bitcoin mining company based in New York and owned by Digital Currency Group (DCG), is now mining bitcoin as part of Foundry USA Pool, adding some 5,679 mining rigs and 280 peta hashes per second to the pool....

Apr 21 2021

Bit Digital, Compute North Partner To Drive Sustainable Bitcoin Mining

Bit Digital will be colocating in Compute North facilities to leverage its renewable-energy-focused design for bitcoin mining.Bit Digital, one of the largest bitcoin mining companies in North America by hash rate, is expanding its operations by colocating in Compute North facilities, adding an additional 40 megawatts of hashing power with 13,000 new ASIC miners to its arsenal, according to a...

Feb 03 2021

Bitcoin Mining Firm Bit Digital Removes CEO; Chairwoman Resigns

Feb 03 2021 Published at CoinDesk under tags  bitcoin mining bit digital markets news

The changes come amid an ongoing class-action lawsuit against the mining company.

Jan 22 2021

Class Action Filed Against Listed Bitcoin Miner Bit Digital Over Fraud Allegations

Defendants allege the mining company made false and/or misleading statements and failed to disclose the true extent of its mining operations.

Jan 20 2021

Bitcoin Miner Bit Digital Hits Back at ‘False Accusations’ of Fraud

The company shed $130 million in value after J Capital’s report.

Jan 10 2021

Bitcoin Miner Bit Digital Passes $1B Market Cap

Jan 10 2021 Published at CoinDesk under tags  bitcoin mining bit digital markets news

The company had a total value of $6.2 million a year ago.

Dec 07 2020

Bit Digital Completes $13.9M Deal for New Mining Machines

Dec 07 2020 Published at CoinDesk under tags  antminer bitcoin mining bit digital markets news

The company acquired nearly 18,000 new ASICs in an all-stock transaction.

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