It's the battle of the Bitcoin miners out in the open! In a fresh development on Wednesday, April 7, Chinese Bitcoin mining giant Bitmain has filed a $15 million lawsuit against MicroBT Whatsminer with the...
Bitcoin infrastructure company Blockstream has announced a $25 million purchase of the latest Whatsminer bitcoin mining rigs from MicroBT to be run across Blockstream Mining’s facilities in North America. Blockstream Mining was launched in 2019 with an intention of bringing more of the global hash rate to the West. The largest mining rig...
Hut 8 Mining Corp. has announced a partnership with financial services firm Foundry Digital to secure $11.8 million in financing, which it will put toward 5,400 new MicroBT Whatsminer M30S mining rigs, adding 475 petahashes per second (PH/s) to its mining capacity over the next six months. The financing is structured as a 12-month term with an annual interest rate of 16.5 percent....
This year, there has been a concerted effort among Bitcoin mining pools and facilities based in North America to contribute a higher proportion of the Bitcoin network’s overall hash rate from the continent, providing critical decentralization to this system. But this has not been without its challenges. The Bitcoin mining environment is one with high...
The company acquired nearly 18,000 new ASICs in an all-stock transaction.
Bitcoin miners have successfully survived the 2020 Halving and COVID-19, and the network is now seeing some of its highest hash rates ever as these operations power up new equipment and reach new levels of decentralization going into the second decade of bitcoin mining. Bitcoin Mining Is Decentralizing China still dominates the bitcoin mining space, although the percentage of the hash rate coming...
News