Tag: mining rigs

Apr 06 2022

MicroBT Announces More Efficient M50 Series Of Whatsminer Rigs

During Bitcoin 2022, Bitcoin mining rig manufacturer MicroBT shared details on its forthcoming M50 series of Whatsminer machines.In a recorded video played on the mining stage at Bitcoin 2022, Jordan Chen, COO of MicroBT, producer of the Whatsminer series of bitcoin mining rigs, shared details about the company’s new M50 series of miners: the M50s, M50 and M53.The M50 series is...

Feb 21 2022

Inside Immersion Cooling: The Pros And Cons Of Bitcoin Mining’s Rapidly-Growing Practice

Immersion cooling has emerged as a rapidly-evolving technique for increasing bitcoin mining rig efficiency, with many pros, cons and details to consider.Scott’s Mining Conference, hosted in Round Rock, Texas on February 7 and 8, featured a panel entitled “Immersion” with five panelists: David Branscum (director...

Dec 21 2021

Bitcoin Miner TeraWulf Buys 15,000 Rigs From Bitmain

The company was recently listed on the Nasdaq in a reverse merge with IKONICS.Bitcoin miner TeraWulf signed a deal to purchase 15,000 bitcoin mining rigs from Bitmain Technologies, the company said in a statement Tuesday. TeraWulf has yet to file a Form 8-K with the Securities and Exchange...

Dec 20 2021

Bitcoin Miner Stronghold To Acquire 9,080 Rigs

The mining company has also signed a separate $54 million financing agreement with NYDIG.Bitcoin miner Stronghold has signed separate deals to purchase 9,080 rigs.The company also entered into an equipment-financing agreement with NYDIG for up to $54 million.“We expect to continue utilizing modest amounts of equipment financing,” Stronghold’s CEO said in a statement.Stronghold...

Dec 01 2021

Bitcoin Miner Marathon Expands Compute North Hosting Deal To Over 100,000 Rigs

Under the new terms, Compute North will host over 100,000 of Marathon’s miners across the U.S., helping the firm’s operations become 77% carbon neutral.Marathon has expanded its May agreement with Compute North to accommodate more miners in different regions of the U.S.The infrastructure provider will now host and manage over 100,000 of Marathon’s bitcoin miners.Upon full deployment,...

Oct 21 2021

How Bitcoin Mining Is Solving Our E-Waste Crisis

With 40 million tons of e-waste generated each year, the unique incentives created by bitcoin miners offer a solution to a growing problem.We’re all familiar with the “energy waste” and “carbon emissions” narratives around Bitcoin mining. “It wastes energy!” “It’s a carbon emitter!” Obviously, Bitcoin is a unique and terrible attack on the environment at a scale previously unheard of in human...

Sep 08 2021

Demand For Crypto Mining Rigs Surges In Vietnam Due To Bitcoin Growth

Bitcoin trading retaining a few months rise above $51,000 has attracted Vietnam to mining crypto, and they are now buying equipment in pace. Recently, Vietnam has started experiencing an increase in the number of people buying crypto mining equipment. As a result, more people enter the sector to mine cryptos such as ETH, BTC, and others. A few months ago, the Vietnam mining...

Jun 21 2021

Over 3 Metric Tons Of Bitcoin Mining Rigs Airlifted Out Of China

Jun 21 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin news btc btc mining btcusd

Earlier today, a logistics firm confirmed to CNBC that it is airlifting 3,000kg of bitcoin mining machines to Maryland, USA. The firm which is located in Guangzhou is a logistics company that offers international shipping to door delivery. This news comes in the wake of...

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