Tag: mining
Crypto Miners Spent $2.7B in Electricity in US in 2024
Reading time: < 1 minuteIn the first few months of 2024, Bitcoin miners in the United States used a staggering 20,822.62 GWh of electricity, equating to a cost of $2.7 billion, according to Paul Hoffman from Best Brokers.
UAE Introduces Fines for Mining Crypto at Agricultural Enterprises
Reading time: < 1 minuteThe Abu Dhabi Agriculture and Food Safety Authority (UAE) has issued a warning about the illegal practice of cryptocurrency mining on farms, according to a report by Khaleej Times.
Public Bitcoin Miners Received $2B Ahead of Crypto’s Halving
Reading time: < 1 minuteIn preparation for the April halving, public Bitcoin mining companies strengthened their financial reserves through equity financing.
Bitfarms CEO Leaves the Company
Reading time: < 1 minuteGeoffrey Morphy, formerly the President and CEO of crypto mining company Bitfarms, has immediately vacated his position following a lawsuit he filed against the company in Canada.
BTC Mining Revenue Reaches a New Yearly Low
Reading time: < 1 minuteOn May 1, the combined income from block rewards and transaction fees hit a record low of $26.3 million.
Block Develops a New Bitcoin Mining Chip
Reading time: < 1 minuteDigital payments company Block, co-founded by Jack Dorsey, has reached the final stages of developing a three-nanometer Bitcoin mining chip.
Bitfarms Increases its Bitcoin Hashrate to 7 EH/s
Reading time: < 1 minuteMining firm Bitfarms has significantly improved the network hashrate of the leading cryptocurrency by deploying 5,000 modern rigs across two facilities in Canada, bringing the total hashrate to 7 EH/s.
Giga Energy Announces Plans to Launch Facility in Argentina
Reading time: < 1 minuteGiga Energy, a Bitcoin mining company based in Texas, has recently expanded its operations to Argentina.
Bitfarms Buys 51,908 Crypto Mining Devices from Bitmain
Reading time: < 1 minuteBitfarms, a Canadian Bitcoin mining company, exercised an option on March 11 to purchase 51,908 ASIC miners from Bitmain.
Crypto Miner Hut 8 to Build a Bitcoin Farm in Texas
Reading time: < 1 minuteMining company Hut 8 has announced the commencement of construction for a Bitcoin mining facility in Culberson, Texas.
