Tag: bitcoin miner

In a purchase agreement with Cryptech Solutions, CleanSpark has purchased an additional 10,000 miners, on top of the 6,000 already purchased this summer.CleanSpark purchased 10,000 bitcoin mining machines from Cryptech Solutions.The purchase agreement had a final valuation of $28 million. CleanSpark now hosts over 37,000 bitcoin miners....

A Canaan executive detailed the success of its pilot mining operations in Kazakhstan and shared plans to expand its operations to the U.S. in an interview.ASIC manufacturer Canaan is set to launch bitcoin mining operations in the U.S. The company recently started self-mining in Kazakhstan where it has deployed over 10,000 miners.Ending Q1 2022, the company earned $213 million in...

Local meetups are implementing bitcoin mining lending programs to give members a chance to try home mining and learn about the Bitcoin network.This is an opinion editorial by Barnminer, a Bitcoiner focused on improving self- sovereignty, on-boarding home miners, and a contributor at Bitcoin Magazine.Having access to a borrowed ASIC for a day, week or month, will provide enough learning for...

Marathon Digital is among the few miners to not have sold any of its bitcoin treasury during the latest market crash, but how long will that last?Bitcoin miners have historically sold BTC as they produced it to cover operating costs. But over the past couple of years a “HODL” strategy has permeated the industry as participants have opted to pay off expenses...

Bitcoin miners appear to have reduced the pace at which they were offloading tokens, indicating that some selling pressure on the token may have eased. Bitcoin prices stabilized around $20,000 after tumbling as low as $17,922 last week. The token now appears to be treating $20,000 as a support level. A bulk of this tumble...

On-chain analytics platform, Glassnode,...

Bitfarms, a publicly traded miner, released its bitcoin mining update showing 431 BTC mined with 6,075 BTC ($192 million) held in custody.Bitfarms released a mining and production update for May 2022. The company mined a total of 431 BTC valued at $16.6 million and deposited 429 BTC into custody (99%). The miner now holds 6,075 BTC, currently valued at over $192.5 million....

Bitcoin miner Core Scientific announced it would be releasing daily production numbers of self-mined BTC and called for further industry transparency.Core Scientific announced it would begin releasing daily bitcoin production metrics every day on its website. The company’s CEO called for further transparency from companies in the bitcoin mining sector.Core Scientific is a net- neutral...

The startup focused on innovation in the bitcoin mining industry launches three energy-efficient mining rigs with 3nm chips.Bitmanu announces 3nm bitcoin mining ASICs. The pioneering architecture enables lower power- consumption and higher hashrate than current market miners.One of the earliest iterations of 3nm bitcoin mining chips to hit the market.Bitmanu, an ASIC...

Intel has revealed the details regarding its Bitcoin mining machines, and it seems the first generation only offers one-third the hashrate of Bitmain's best model while still consuming higher power in the process. Intel's 1st Gen Bitcoin Mining Chip Doesn't Compete With Bitmain And MicroXBT As per a report...

The facility would be able to host over 150,000 of Bitmain’s bitcoin mining rigs.Merkle Standard partners with Bitmain to build a 500 MW data center.Once fully operational, the collaboration could house over 150,000 bitcoin mining rigs.The facility’s mining equipment will be supplied exclusively by Bitmain.Bitcoin miner Merkle Standard has teamed up with leading ASIC...

A third individual worker successfully mined a new block on Bitcoin in under two weeks, taking home over $215K.For the third time in a little over ten days, a solo bitcoin miner has found a valid block hash to take the full coinbase reward home. The small worker, with only about 86 terahashes per second (TH/s) of hashrate capacity, managed to successfully...

Bitcoin miner Rhodium Enterprises Inc. has announced the terms for its initial public offering (IPO) which is expected to bring the company's valuation to over $1.7 billion. Rhodium Set To Raise Over $107...

The company’s purchase in January’s first week increased its bitcoin holdings by 30%.Nasdaq-listed bitcoin miner Bitfarms said Monday it purchased 1,000 BTC in the first week of January, an amount that increased the company’s bitcoin holdings by about 30%. The company said it now holds 4,300 BTC in its treasury.“Our guiding company strategy at Bitfarms is to accumulate the most Bitcoin...

The miner produced a total of 5,769 bitcoin in 2021, a 350% increase year- over-year.Core Scientific mined over 1,000 bitcoin in just one month.The miner said it ended 2021 holding 5,296 BTC, worth about $230 million.Its self-mining operations boast 67,000 ASIC machines.Provider of bitcoin mining infrastructure and hosting solutions, Core Scientific, mined 1,044 bitcoin in...

The bitcoin miner added 276 BTC to its holdings in December after mining 8.9 BTC per day that month.Hut 8 mined 276 BTC in December, up from 265 in the previous month.The miner deposited all bitcoin mined into custody, as per its “hodl” strategy.Hut 8 now holds 5,518 BTC in reserve, a 97% increase from December 2020.Hut 8, a...

Last year was Marathon’s best year to date as the miner increased its hash rate by 1,790%.Marathon mined 3,197 bitcoin in 2021, an 846% increase from the previous year.In December, the company produced 147% more bitcoin than in November.Marathon received over 10,000 new mining rigs from Bitmain during December.Bitcoin mining company Marathon Digital Holdings had a record year in...

The mining company expects to have 199,000 active machines outputting 23 EH/s by early 2023.Marathon Digital Holdings, a publicly-traded bitcoin mining company, last week announced a “record purchase” of Bitmain ASIC rigs, which according to a Tuesday filing with the Securities and Exchange Commission (SEC) will cost over $879 million and increase the miner’s fleet by 78,000 machines.Marathon had disclosed...

According to an announcement made by Las Vegas-based firm Marathon Digital on Thursday, the firm may have just revealed its plans to purchase the largest ever single order of...

Four publicly-traded bitcoin mining companies have outperformed the price of bitcoin since 2020 for a few key reasons.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,...