Bitcoin miners and artificial intelligence (AI) cloud providers, along with high-performance computing (HPC) operators, share an unexpected bond in their quest for computing muscle. As the cryptocurrency scene shifts, some bitcoin mining setups are finding fresh purpose in the fast-growing fields of generative AI and large language models (LLMs). A Closer Look at the Unseen…
Top cryptocurrencies such as Bitcoin, Ethereum, and the rest of the market saw significant declines in early October due to rising geopolitical tensions between Iran and Israel, sparking fears about the stability of digital assets as a “safe haven.” Although prices have since recovered by mid-October, lingering concerns about market volatility persist. Evaluating Bitcoin Amidst…
October 14, 2024 at 02:10 PM GST updated: October 14, 2024 at 02:16 PM 2 mins read News With 4% of the global Bitcoin mining capacity currently possessed by the UAE, nations like the US, China, and Russia face significant competition. To reduce the cost of mining Bitcoin, the UAE is changing to nuclear and…
The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and industry insights. Originally published on Sept. 3, 2024, it was penned by Bitcoinminingstock.io author Cindy Feng. In the piece, Feng follows up on her first report on how bitcoin miners are branching out into high-performance computing…
The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and industry insights. Originally published on Aug. 29, 2024, it was penned by Bitcoinminingstock.io author Cindy Feng. In the piece, Feng explores how bitcoin miners are branching out into high-performance computing (HPC) and artificial intelligence (AI) cloud…
Cleanspark, a publicly traded bitcoin mining company, announced this week that it has reached an operational hashrate of 30 exahash per second (EH/s). The company expects to surpass 37 EH/s by the end of 2024 and aims for further growth to 50 EH/s in 2025. Cleanspark Now Operates 30 EH/s of Computational Power According to…
Ethiopia has rapidly expanded its electricity allocation to Bitcoin mining, making it one of the world’s fastest-growing markets for this activity. The country plans to further increase its capacity this year. Many of the miners are using mid-generation machines due to their low power consumption. Ethiopia to Expand Bitcoin Mining Power Allocation Ethiopia has reportedly…
Compass Mining has announced a partnership with Mindshift, a licensed digital asset service provider in South Korea, to extend bitcoin mining services to the region. The collaboration aims to address challenges like high electricity costs while making bitcoin mining more accessible to South Korean residents. Compass Mining Collaborates With Mindshift The partnership between Compass Mining,…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Ethiopia is witnessing a significant surge in Bitcoin (BTC) mining activity, with reports indicating that the country’s Bitcoin hashrate is now powered by 600 MW. According to Ethan Vera, co-founder and chief operating officer of Luxor, this increase marks an impressive leap in Ethiopia’s engagement with cryptocurrency mining. Also,…
MARA, one of the largest bitcoin miners in the public market, has kicked off an exciting new pilot program aimed at powering its operations with excess natural gas from U.S. shale, as noted in a report from Reuters. This initiative emerges amidst an ongoing battle for electricity between artificial intelligence (AI) data centers and bitcoin…
Ward Roddam, mayor of the City of Rockdale in Texas, explained how the arrival of bitcoin mining revitalized the city’s economy. In a recently published opinion piece, Roddam noted that bitcoin miners took advantage of the energy infrastructure left by Alcoa, an aluminum plant that closed in 2008 due to rising energy costs and regulations….
Mayor Ward Roddam of Rockdale, Texas, sees bitcoin mining as the key to his town’s resurgence after the devastating closure of its largest employer, Alcoa. Comparing it to Texas’ oil boom, Roddam highlights how this modern technology is creating jobs, boosting revenue, and funding essential services. With over $1 billion in investments, bitcoin mining could…
Bitcoin mining firm TeraWulf has sold its 25% stake in the Nautilus Cryptomine joint venture to its partner, a subsidiary of Talen Energy, in a deal worth about $92 million. The company plans to use the funds to expand its operations at the Lake Mariner facility, including building the 20 MW CB-1 operation for hosting…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Bitcoin mining company CleanSpark has reported a remarkable 187% increase in its hashrate over the past 12 months, as revealed in its unaudited fiscal year report on October 4. The company’s hashrate jumped from 9.6 EH/s in September 2023 to an impressive 27.6 EH/s by September 2024. Notably, 5…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Rajiv Khemani, CEO of mining chip manufacturer Auradine, recently noted the critical need for decentralization in Bitcoin’s infrastructure, labeling it a national security issue. In an interview, Khemani highlighted the dangers posed by third-party firmware used in mining operations. He suggested that such firmware, which is constantly updated, could…
Bitcoin miner Terawulf Inc. has completed the sale of its 25% stake in the Nautilus Cryptomine joint venture for approximately $92 million. The company said this week that it intends to use the proceeds to expand its high-performance computing (HPC) and artificial intelligence (AI) infrastructure at its Lake Mariner facility. Crypto Mining Firm Terawulf Sells…
October 4, 2024 at 02:10 PM GST updated: October 4, 2024 at 10:39 AM 2 mins read News Terawulf sold its 25% stake in Nautilus Bitcoin mine to Talen Energy for $92 million. Terawulf will reinvest in a 20MW AI and HPC facility at its Lake Mariner site. Terawulf aims to reach 13 EH/s by…
On-chain data shows the Bitcoin miner exchange inflows have been dropping recently, a sign that may be bullish for the asset’s price. Bitcoin Miner Exchange Inflow Has Been Declining Recently As explained by CryptoQuant author Axel Adler Jr in a new post on X, miners have gradually been reducing their exchange inflows recently. “Exchange inflows”…
CleanSpark also increased its hashrate by 187% between September 30, 2023 and September, 30, 2024. Expansion and acquisitions are crucial for the organic growth. Bitcoin miner CleanSpark mined a total of 493 BTC in September, according to details in an unaudited update published on Oct. 4. This brought the company’s total bitcoin mined year-to-end of…
MARA, one of the largest bitcoin miners traded on the public market, acquired 192 BTC in September, while also holding onto all the bitcoin it mined during the month. MARA Strengthens Mining Operations, Grows Bitcoin Reserves to 26,842 This week, the publicly listed bitcoin (BTC) mining company MARA (Nasdaq: MARA) highlighted several operational improvements for…
Cleanspark CEO Zach Bradford predicts a dramatic rise in bitcoin’s value, forecasting a peak near $200,000 within the next 18 months. His outlook suggests rapid growth followed by stability, driven by bitcoin’s current price behavior and broader market dynamics. He also links the U.S. presidential election to potential price surges, while emphasizing the advantages of…
The GoBTC Foundation, established by Gomining, has been officially launched to strengthen Bitcoin’s onchain ecosystem. The foundation’s creation aims to support initiatives that foster greater transaction activity and ecosystem growth. Foundation Established to Foster Bitcoin’s Infrastructure Growth Gomining states that the GoBTC Foundation operates as a vertically integrated entity, focusing on Bitcoin’s layer one (L1)…
According to the latest data, bitcoin miners pulled in $815.7 million from rewards and fees in September, marking their lowest earnings month of 2024, with $35.66 million less than August’s haul. Bitcoin Miners Earn $815.7M in September, Lowest Monthly Total of 2024 September was a tough month for bitcoin miners, who saw their lowest revenue…
Este artículo también está disponible en español. Zach Bradford, CEO of Bitcoin (BTC) mining firm CleanSpark, has predicted that the premier cryptocurrency may peak close to $200,000 this cycle. Bradford’s Bullish Take On BTC Price In an interview with research and brokerage firm Bernstein, CleanSpark’s CEO noted that historically, post-halving periods have led to several…
Bitcoin miners are finally catching a break after a sluggish September, with hashprice climbing 10.33% in the past 30 days. A solid 8.93% of that bump came within the last four days alone. Hashprice Jumps Nearly 9% in 4 Days: Bitcoin Miners Catch a Break as September Nears End On Aug. 29, 2024, mining revenues…
Bitcoin financial services company, Swan Bitcoin has sued several former workers from its mining division. They allegedly stole software code from the company, quit, and then used the code to launch their mining operation. The former employees allegedly started Proton Management, a “counterfeit competitor.” They persuaded Tether, a stablecoin issuer, to sever connections with Swan…
Swan Bitcoin has sued several former employees, accusing them of illegally taking highly prized components of its BTC mining business. Filed on September 25, the lawsuit claims these executives, now running Proton Management, conspired to misappropriate Swan’s intellectual property and secured funding from Tether to create a “counterfeit competitor.” Rain and Hellfire Plan The court filing…
A newly filed lawsuit claims that Swan Bitcoin, a financial services company focused on bitcoin, is accusing former employees of trying to hijack its “billion-dollar bitcoin mining business.” According to the suit, Swan’s subsidiary Electric Solidus alleges that Proton Management dubbed a “copycat company” in the filing, stole trade secrets from their mining operations. Swan…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Hut 8, a cryptocurrency mining and blockchain infrastructure company, has announced that its GPU-as-a-service division will officially start generating revenue. This follows the full deployment of its inaugural GPU cluster for an AI cloud developer. Hut 8 Capitalize on the Increased Demand for AI The high-performance computing cluster is…
Hut 8 Corp. has officially launched its GPU-as-a-service vertical, marking a significant step in the company’s diversification efforts. The deployment includes 1,000 Nvidia H100 graphics processing units (GPUs), hosted in a Chicago-based tier-three data center, for an artificial intelligence (AI) cloud developer. Hut 8 Deploys 1,000 Nvidia GPUs The new GPU cluster, designed and configured…
Bitcoin miner Hut 8 has laaunched its GPU-as-a-service business to tap into the AI growth potential. The company partnered with Hewlett Packard Enterprise and AdvizeX to launch the 1,000 Nvidia H100 GPUs cluster. Hut 8 eyes revenue diversification and long term growth with this AI bet. Hut 8, an energy infrastructure provider and top Bitcoin…
Bitcoin miners got a bit of a breather on Wednesday as the network’s difficulty dropped by 4.6% at block height 862,848. For the next two weeks, the process of finding a block subsidy is 4.6% easier than it was during the previous 2,016 blocks, which had the highest difficulty level ever recorded. Bitcoin’s Mining Game:…
September 25, 2024 at 07:28 PM GST updated: September 25, 2024 at 07:02 PM 2 mins read News Bhutan boldly holds 13,000 Bitcoins, making it the fourth-largest government holder and showcasing its unique crypto strategy. Utilizing its vast hydropower resources, Bhutan pioneers eco-friendly Bitcoin mining, balancing profits with sustainability. Despite its innovative approach, Bhutan faces…
A dormant bitcoin whale address was reactivated earlier today, according to data from Arkham Intelligence, and has moved 5 BTC to the crypto exchange Kraken. This was their third BTC transfer in the past few weeks after being silent for a decade, said the popular resource. Arkham data shows that the wallet received the bitcoin…
Despite its stance against crypto, China still controls 55% of the Bitcoin mining network even though it has a ban on the asset. Indeed, the country is a key player in BTC mining despite the restriction that was imposed on the asset class more than three years ago. The country maintains control over more than…
Riot Platforms and Bitfarms have resolved their dispute following a settlement agreement detailed in a joint announcement on Sept. 23, 2024. The agreement, which was filed with the U.S. Securities and Exchange Commission (SEC), comes ahead of Bitfarms’ special shareholder meeting on Nov. 6, 2024. Riot Withdraws Bid to Restructure Bitfarms’ Board in Settlement Deal…
September 23, 2024 at 02:45 AM GST updated: September 22, 2024 at 06:03 PM 3 mins read News The process of minting USDT is much more efficient, and less energy-consuming compared to a traditional mining process. Many types of wallets are presented but all of them have their benefits that improve the process of minting….
September 22, 2024 at 06:23 AM GST updated: September 21, 2024 at 01:13 PM 2 mins read News Marathon Digital’s hash rate grew by 142% in Q1 2024, driving a 223% revenue increase to US$165.2 million. Marathon Digital plans to double its hash rate to 50 EH/s by the end of 2024 through new ASIC…
This week, Bitmain introduced its latest bitcoin mining machine, which packs an impressive punch with a reported output of 860 terahash per second (TH/s). To put that in perspective, this new rig churns out 81.81% more hashpower than its predecessor, the Antminer S21 XP Hydro. And if we go way back, it’s a mind-blowing 477,677%…
September 20, 2024 at 05:28 PM GST updated: September 20, 2024 at 02:25 PM 2 mins read News Robert F. Kennedy Jr. argues Bitcoin mining stabilizes grids by curbing energy use during peak times and supporting renewable energy. Bitcoin miners help balance the grid and compete with carbon-heavy peaker plants, offering a greener alternative to…
Hut 8 Corp. has announced an expanded partnership with Bitmain Technologies, unveiling the U3S21EXPH, a next-generation ASIC miner. The launch represents a significant milestone, with plans for deployment in Q2 2025 and a potential transition to self-mining through a purchase option. Hut 8 and Bitmain Partner on Innovative Miner to Boost Bitcoin Mining Infrastructure The…
September 18, 2024 at 11:15 AM GST updated: September 18, 2024 at 10:31 AM 2 mins read Crypto Live News Cathedra Bitcoin Inc. adopts Bitcoin as its primary treasury reserve, moving away from mining to focus on Bitcoin accumulation. Deutsche Digital Assets expands its Bitcoin ETP offerings, listing the DDA Bitcoin Macro ETP on Euronext…
Cathedra Bitcoin Inc. has announced a significant shift in its corporate strategy, moving away from bitcoin mining to focus on growing its bitcoin holdings. The company aims to increase its shareholders’ bitcoin per share through a strategy similar to that of Microstrategy, which has gained recognition for its bitcoin acquisition policy. Cathedra Bitcoin Ditches Mining…
September 17, 2024 at 04:28 PM GST updated: September 17, 2024 at 03:57 PM 2 mins read News Bhutan holds 13,011 BTC worth $750M, becoming the fourth-largest government Bitcoin holder through eco-friendly mining. Bhutan’s Druk Holdings ramps up Bitcoin mining using hydropower, expanding capacity to 500MW by 2025 through Bitdeer partnership. Unlike the US and…
September 17, 2024 at 09:28 AM GST updated: September 17, 2024 at 09:14 AM 2 mins read Bitcoin News Bhutan holds 13,011 BTC, valued at $780 million, sourced from its eco-friendly mining operations, not from asset seizures. Bhutan’s Bitcoin mining is managed by Druk Holding & Investments and uses the country’s hydropower resources for carbon-free…
The recent closure of a Bitcoin data center in the Norwegian municipality of Hadsel has resulted in power hikes for citizens due to the inability to allocate the energy used by the operation to other purposes. While citizens and Hadsel’s mayor celebrated this development because of the noise emitted by the site, they now face…
On-chain data shows the Bitcoin Puell Multiple has recently declined into the historical bottom zone as BTC’s continued consolidation. Bitcoin Puell Multiple Is Now Under The 0.4 Level As an analyst in a CryptoQuant Quicktake post explained, the BTC Puell Multiple has declined under 0.4 for the first time since the end of 2022. The “Puell Multiple”…
Within the last 24 hours, Bitcoin mining difficulty increased by 3.04% to hit an All-Time High (ATH). The rise in Bitcoin mining difficulty comes amid a sizable reduction in miners’ profits. As a result, crypto enthusiasts are now looking to see the long-term implications for Bitcoin’s (BTC) price. Current State of Bitcoin Mining According to…
September 12, 2024 at 04:28 PM GST updated: September 12, 2024 at 02:40 PM 2 mins read News CleanSpark’s $27.5M Knoxville acquisition adds 85 MW capacity and boosts hashrate by 5 EH/s, aiming for 37 EH/s by end of 2024. The new facilities complement past expansions, including GRIID and Wyoming, showcasing CleanSpark’s strategic growth and…
Este artículo también está disponible en español. A recent report by Bloomberg highlights that the difficulty of mining Bitcoin has surged to a record high, reflecting increasing competition among cryptocurrency miners. On Wednesday, mining difficulty rose by 3.5%, as reported by crypto-mining tracker CoinWarz. This metric, which has been climbing steadily, often aligns with market…