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” Core Scientific sold $167M worth of Bitcoin holdings in June “ United States-based cryptocurrency mining firm Core Scientific sold more than 7,000 Bitcoin in June to pay for servers, increase its data capacity, and settle debts. In a Tuesday announcement, Core Scientific said it had sold roughly $167 million worth of Bitcoin (BTC) in…
” Hodlers and whales: Who owns the most Bitcoin in 2022? “ One of the main features of the Bitcoin blockchain is its transparency. Bitcoin lets anyone see every transaction that has ever been made on its network and check the balance of every address out there. Because of this transparency, we’re able to know…
” SBF denies FTX is eyeing distressed crypto mining companies “ Sam Bankman-Fried, the founder of crypto exchange FTX, has calmed speculation that the company is exploring acquisitions of distressed crypto mining companies, clarifying on Twitter on Saturday that they “aren’t really looking into the space.” “Really not sure why the meme about FTX and…
” 75% of Marathon’s mining fleet still offline two weeks after huge storm “ Bitcoin mining company Marathon Digital Holdings has revealed that 75% of its mining capability has been out of commission since a severe storm hit Montana on June 11. Marathon finally issued a statement on its website on June 28 explaining that…
” Bitcoin miner Mawson to defer all major capital expenditures until market conditions normalize “ On Tuesday, Bitcoin (BTC) mining company Mawson Infrastructure Group said that it was suspending major capital expenditures until market conditions normalize. In addition, the firm is voluntarily reducing its energy use, also called demand response, in light of the market…
” Switzerland-based crypto mining firm expands operations to Texas “ White Rock Management, a cryptocurrency mining company based in Switzerland, said it will be expanding its operations to the United States, starting with Texas. In a Tuesday announcement, White Rock said it will be partnering with Natural Gas Onsite Neutralization, or NGON, a company that…
” Uzbekistan warms up to Bitcoin mining, but there’s a catch “ The National Agency of Prospective Projects (NAPP) in Uzbekistan announced its demands toward crypto mining operators. It would only allow the companies that use solar energy to mine Bitcoin (BTC) or other cryptocurrencies. The normative act on the government page, dated June 24,…
” Bitcoin mining revenue mirrors 2021 lows, right before BTC breached $69K “ Bitcoin (BTC) visiting the $20,000 range after one and a half years made mining — the most important job of the ecosystem — a costly affair. However, if history were to repeat itself, BTC investors may witness another epic bull run that…
” Compass Mining loses facility after allegedly failing to pay power bill “ Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills. Dynamics posted on Twitter late…
” Bitcoin network power demand falls to 10.65GW as hash rate sees 14% drop “ The overall power consumption of the Bitcoin (BTC) network recorded a drastic drop after mimicking the two-week-long fall in the mining hash rate, which reduced the commuting power for mining BTC blocks to 199.225 exahash per second (EH/s). According to…