Just last month, Marathon Digital Holdings (MARA) announced a 25% year-on-year decrease in Bitcoin mining output for June. This drop was primarily a result of severe weather at its Texas mining site and increasing headwinds within the Bitcoin mining industry. Although this low, MARA has still mined 49,940 BTC, worth...
With a multi-million dollar investment, NIP Group is launching a new Bitcoin mining division focused on the U.S. The move represents a huge leap for the company into the digital asset realm. Infocast Chief Executive, Hicham Chahine, opened with possibly the most momentous announcement. He subsequently announced the company’s acquisition...
Hyperscale Data, Inc. recently restarted Bitcoin mining operations through its wholly-owned subsidiary, Sentinum, Inc., at its facility in rural Montana. In fact, Sentinum, Inc. has already proven the technology on a successful backcharging record of 10 megawatts. That paves the way for the deployment of some 3,200 Antminers. Restarting idled...
Gryphon Digital Mining took a big step towards its objective of appearing on Nasdaq. They were able to do this through an honestly brilliant and strategic merger with American Bitcoin. The business recently submitted an amended Registration Statement to the Securities and Exchange Commission (SEC). This filing consists of a...
A highly strategic merger currently in progress in the Bitcoin mining industry could alter the space’s competitive landscape. Gryphon Digital Mining, American Bitcoin and Hut 8 are joining forces in a powerful new alliance. Combined, they hope to be among the five largest Bitcoin miners in the world! The merger...
American Bitcoin’s new series of preferred shares have so far raised $220 million in initial funding through a private share issuance. The company has deep ties to the Trump family. It intends to leverage the majority of the capital to purchase Bitcoin and fund the acquisition of mining equipment. This...
Bitcoin mining difficulty just had a major 7.5% drop on Sunday — the biggest negative adjustment since July 2021. This decline occurred at block height 903,168. This was largely due to mining sites throughout the U.S.—especially in Texas—suspending operations because of early summer heatwaves. This change comes on the heels...
As a vertically diversified data center company, IREN seems to have made it to a critical inflection point. Their mission is to sustainably power Bitcoin mining, AI, and other high-performance computing applications with 100% renewable energy. The company’s techno-economic based Bitcoin mining strategy saw it achieve a sizable enterprise capacity...
Residents around Seneca Lake have been sounding the alarm for their drinking water. Their worries follow an explosion and fire at the Greenridge Generation bitcoin mining facility. The bitcoin mining facility in the former coal power plant. It may be a small facility, but it’s located just outside of Dresden...