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“# Bit Mining raises $50M to take operations out of China ” Shenzhen-based crypto mining firm, Bit Mining, is raising $50 million to fund an expansion out of the Chinese market. Announced on July 12, the firm has entered into an agreement with select institutional and accredited investors to raise $50 million through a private…
“# The9 signs green Bitcoin mining deal with Russian firm BitRiver ” The9, a Chinese internet company listed on the Nasdaq, is moving forward with its cryptocurrency mining plans by signing a contract with a major Russian data center operator. The company announced Monday that it has signed a crypto mining hosting agreement with Russian crypto…
“# Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation ” As the pressures placed on the market by China’s cryptocurrency crackdown begin to subside and the Bitcoin (BTC) hashrate starts to show signs of recovery, traders are now focused on how the price will be affected by this week’s unlocking of more…
“# Green energy-focused Bitcoin miner Hive joins North American mining pool ” Following its approval for a Nasdaq listing, Canadian Hive Blockchain Technologies has bought more than 3,000 Bitcoin (BTC) mining rigs to get involved in the Bitcoin mining shift from east to west. Purchased from Digital Currency Group (DCG) subsidiary Foundry Digital LLC, the…
“# US crypto community overtaking Asia, says Mike Novogratz ” As Bitcoin (BTC) has continued trading sideways after dipping below $33,000 on Thursday, Galaxy Digital CEO Mike Novogratz has provided some geopolitical observations regarding the industry. In an interview with CNBC’s Squawk Box, Novogratz said that Bitcoin price is now consolidating between $30,000 and $35,000,…
“# US-based Bitcoin miner Gryphon buys 7,200 rigs from Bitmain ” Gryphon Digital Mining has signed a purchase agreement with Bitcoin (BTC) mining equipment maker Bitmain to purchase 7,200 Antminer S19J Pro mining rigs. According to a release issued on Thursday, the entire outlay for the mining inventory amounts to about $48 million. Starting in…
“# Hydro plant from 1897 earns 3X as much mining BTC as selling power to the grid ” New York’s Mechanicville hydroelectric plant — one of the oldest hydropower generation facilities in the United States — is now host to Bitcoin mining. The plant is owned by Albany Engineering Corp (AEC), which was asked to…
“# Bitcoin electricity consumption falls to November 2020 levels: Data ” Bitcoin’s total estimated annual electricity consumption has plummeted nearly 60%, falling from the all-time peak above 143 terawatt-hours (TWh) in May to as low as 62 TWh in early July, according to data from Cambridge Bitcoin Electricity Consumption Index (CBECI). This is the lowest…
“# Bitcoin miner revenue jumps by 50% in 4 days since record difficulty drop ” Bitcoin (BTC) miner revenue jumped after the network saw its biggest-ever difficulty drop, data shows. According to figures from monitoring resource Blockchain, daily revenues have surged by over 50%. “Interesting dynamic” hits Bitcoin mining Bitcoin mining is currently in a…
“# Licensed Iranian crypto miners ordered to halt production ‘altogether’ ” Eshaq Jahangiri, the first vice president of Iran under Hassan Rouhani, has called on all legally operating crypto miners in the country to stop producing coins. According to a Wednesday report from the Tasnim News Agency, Jahangiri said at a meeting with officials of…