Tag: bitcoinmining

Nov 10 2022

Hut 8 Loss Deepens Despiite Higher Mining Rate

Hut 8 Mining Corp. (NASDAQ:HUT), a digital asset mining company from North America, reported its quarterly numbers on Thursday. During the three-month period that ended on 30 September 2022, one of the largest mining firms achieved revenue of CAD 31.7 million and mined 982 bitcoins (BTC).

Althgouh Hut 8 was able to...

Apr 28 2022

Argo Blockchain Sees 2,033% Jump in 2021 Net Income

Argo Blockchain (LON: ARB) has released its annual financials for 2021, reporting a 291 percent increase in revenue to £74.2 million ($100.

Apr 04 2022

BitNile Mines 31.7 BTCs in March as Miner Count Doubles

BitNile Holdings, a diversified holding company, says it mined 31.7 bitcoins last month and has self-mined a total of 132.6 bitcoins (BTC), the world's largest cryptocurrency by market capitalization.

Mar 17 2022

Hut 8 Posts Revenue of $173.8 Million in 2021

The Nasdaq-listed digital asset mining company, Hut 8 today announced its financial numbers for 2021. The company published record revenue as the figure reached $173.

Feb 10 2022

Digital Power Optimization Raises $2.5M in Funding Round Led by NYDIG

Digital Power Optimization Inc, a major energy services provider, announced on Wednesday that it has raised $2.5 million in a Series A funding round led by NYDIG bitcoin company.

Feb 06 2022

Riot Blockchain Announces 458 Bitcoins Mined in January 2022

Riot Blockchain, a Bitcoin mining company based in the US, announced production and operations update for January 2022, as well as updates to the status of miner shipments and deployment and its in...

Feb 04 2022

HIVE’s Bitcoin Equivalent Production in January Reaches 425 BTC

Today, HIVE Blockchain Technologies announced its production numbers related to Bitcoin and ETH mining operations for January 2022.

Feb 03 2022

BitNile Releases January Report on Bitcoin Production and Mining Operations

BitNile Holdings, Inc, a Bitcoin mining firm based in Las Vegas, has published a report on its Bitcoin production and miner installation.

Jan 25 2022

BitFuFu Announces Plans to Go Public in US via SPAC

On January 25, BitFuFu, a Bitmain-backed cloud mining company, announced plans to go public in the US through a merger with special-purpose acquisition vehicle, Arisz Acquisition Corp.

Jan 24 2022

Vortex Brands Purchases Additional 8 S19j Pros Crypto Mining Machines

Vortex Brands Co, a Bitcoin mining firm in the US, announced the purchase of additional 19j Pro machines for its Bitcoin mining operations.

Jan 21 2022

Core Scientific Debuts on the Nasdaq after It Completed SPAC Merger

On January 20, Core Scientific, a popular blockchain and Artificial Intelligence hosting, transaction processing, and application development company, announced that it has officially gone public.

Jan 20 2022

European Regulator Calls for Effective Ban on Proof-of-Work Crypto Mining

Erik Thedéen, the vice-chairman of the European Securities and Markets Authority, has renewed fresh calls for widespread ban on Bitcoin mining.

Jan 18 2022

Intel Plans to Launch Bitcoin-Mining ‘Bonanza Mine’ Chip

Intel, a chip giant manufacturer, appears to be contemplating about entering into the Bitcoin mining hardware business. However, that might not be part of its upcoming GPUs.

Dec 28 2021

Iran Closes Crypto Mining Operations to Prevent Winter Blackouts

Iran expects energy needs across the nation to increase during low temperatures in the coming months. Local energy authorities in the country have therefore decided to halt operations of authorized...

Dec 24 2021

Creek Road Miners Buys 600 Bitcoin Mining Machines from Bitmain

On December 23, Creek Road Miners, Inc., a cryptocurrency mining company, announced that it has bought 600 Bitmain Antminer S19xp (140Th) machines as part of its efforts to expand its crypto mining...

Oct 04 2021

Debunking 5 Myths to Help You Understand Bitcoin’s Mining Sustainability

Bitcoin mining consumes a massive amount of energy, but, the cheapest sources of energy remain sustainable sources.

Jun 24 2021

Bitmain Suspends Sales amid China’s Crackdown on Crypto Mining

A company spokesman didn't comment if the rig maker will resume the business.

May 26 2021

Iran Bans Cryptocurrency Mining during Summer Season

The country banned Bitcoin and crypto mining ahead of its peak electricity demand season.

May 25 2021

Chinese Province Proposes to Blacklist Illegal Bitcoin Miners in the Social Credit System

The ruling also punishes internet cafes and providers who are engaged in crypto-related mining activities.

Apr 08 2021

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