Riot Platforms (@RiotPlatforms) acquires Block Mining for $92.5M, increasing its Bitcoin mining capacity by 60 MW, with plans to reach 110 MW by 2024. This boosts total capacity to 2 GW, aiming for a 16 EH/s hash rate by 2025. #Update #BitcoinMining
Swan Bitcoin (@SwanBitcoin) halts its Bitcoin mining operations and cancels IPO plans due to lack of near-term profits, announces CEO Cory Klippsten. The firm will also cut staff and focus on sustainable growth. This marks a significant shift in the crypto industry. #Update
HIVE Digital announces a 100 MW mining farm in Paraguay powered by Itaipu Dam’s hydroelectric energy, boosting their computational power to 12.1 EH/s. Their Bitcoin reserves hit 2521 BTC, valued at $168.6M. Stock price rose 8.4% to $4.5. #CryptoMining #Update
Bitcoin mining difficulty surged by 3.21% to 82.05 T on July 18, 2024, despite a declining hash rate. This suggests increased miner activity, although the 90-day hash rate trend is down. Next adjustment expected July 31, 2024. #Bitcoin #Update
The RNC, led by @LaraLeaTrump, adopts a platform supporting Bitcoin mining and opposing CBDCs to foster a crypto-friendly environment. Donald Trump shifts from crypto skeptic to advocate. #CryptoNews #Bitcoin
Chinese mining pools control 54% of the crypto market despite China’s 2021 Bitcoin mining ban, says @ki_young_ju of @cryptoquant_com. U.S. pools hold 40%. China’s controversial ban hasn’t stopped its mining farms from ranking second in Bitcoin production by May 2022. #CryptoNews
CleanSpark acquires five bitcoin mining centers in Georgia for $28.5M, boosting capacity by 60 MW. This move enhances its current hashrate by 3.7 EH/s and aligns with the goal of reaching 20 EH/s. In May, CleanSpark produced 417 BTC. #Update #CryptoNews
Indiana is emerging as a key U.S. cryptocurrency mining hub with $AMZN investing $11B. Affordable electricity and major investments could drive economic growth. #Cryptocurrency #Updates
Bitcoin miner reserves hit a 14-year low, holding just 1.8M BTC ($126B). Analysts warn of a supply crisis amid rising demand and spot ETF inflows. #Bitcoin #CryptoNews
Senator @tedcruz purchases three ASIC devices for Bitcoin mining, earning praise from @MarathonDH and @coinbase executives. Cruz’s move underscores Bitcoin’s growing acceptance in US finance. #Bitcoin #CryptoNews
Tether (@Tether_to) invests up to $150M in Bitcoin miner Bitdeer for data center expansion and ASIC-based mining rigs. This supports Tether’s diversification strategy and growth in crypto mining. #Bitcoin #CryptoNews
The UAE bans cryptocurrency mining on farms to prevent infrastructure strain and high electricity costs. Violators face fines up to 10,000 dirhams ($2720). This ensures sustainable energy use. #RegulatoryNews #TechUpdate
Kenya partners with Marathon Digital to harness surplus geothermal energy for Bitcoin mining, signed in May 2024. This move aims to boost the economy and promote energy efficiency. #CryptoNews #BitcoinMining
Peak Mining, a Northern Data subsidiary, acquires a 300-megawatt ERCOT-approved site in Corpus Christi, Texas, marking significant U.S. expansion and boosting total mining capacity. #Bitcoin #CryptoNews
