Tag: mining
How Bitcoin mining is a model for modern industrial loads
Bitcoin mining has long been attacked by policymakers as an expensive, wasteful industry consuming power that would…
Stronghold requests permission to burn tires for crypto mining in Pennsylvania
Stronghold Digital Mining, a Pennsylvanian crypto mining company, is seeking approval to produce up to 15% of…
Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining
Nasdaq-listed Iris Energy has bought 248 state of the art Nvidia H100 GPUs for $10 million as…
Historic Bitcoin mining revenue fails to offset Canaan Q2 financial loss
Bitcoin (BTC) miner Canaan‘s second-quarter financial report showed that the firm operated at a loss during the…
Canaan’s 2Q mining revenue jumps 43% on 1Q, but net loss climbs 31%
Bitcoin mining company Canaan announced its unaudited financial results for Q2 2023, showing growth in computing power…
Laos halts electricity supply to crypto mining projects amid drought
State-owned electricity distribution company Électricité du Laos (EDL) has announced that it will suspend electricity supply to…
Tether CTO stays silent on Bitcoin mining locations
Paolo Ardoino, chief technology officer of stablecoin issuer Tether (USDT), recently found himself addressing rumors about images…
The future of BTC mining and the Bitcoin halving
On the latest episode of Cointelegraph’s Market Talks, host Ray Salmond spoke with Dan Rosen, associate director…
Bitcoin mining giants lose $2.8B in market cap to crypto market’s sudden crash
The top five largest crypto mining companies collectively lost $2.8 billion of their market Cap following last…
Chinese official sentenced to life in prison for Bitcoin mining, corruption
A Chinese government official has been sentenced to life in prison for both illegitimate business operations of…