News list for "Mining"
Bitcoin mining company Bitdeer has announced the acquisition of 19 acres of land and permits near Fox Creek in Alberta, Canada, for $21.70 million. The parcel has been approved to build a 101 trillion-watt natural gas power plant and is approved to interconnect with the Alberta Electricity System Operator (AESO) 99 trillion-watt grid. Bitdeer plans to start site preparation in the second quarter of 2025 and expects to have full power supply by the fourth quarter of 2026. In addition to land acqu...
Stronghold Digital, which violated energy market rules while prioritizing bitcoin mining, agreed to pay more than $1.40 million in fines and refunds. Stronghold had a contractual obligation to provide usable power to the PJM grid to help ensure the reliability of the grid. However, the FERC's Office of Enforcement determined that Stronghold failed to meet this obligation between June 2021 and May 2022 and instead diverted power to its bitcoin mining operations.
Nasdaq-listed bitcoin miner Cipher Mining has released an unupgraded operating report for January 2025, revealing that 219 BTC were mined in January, 471 BTC were sold, and the current total bitcoin holdings reached 1,091 (including about 325 BTC as collateral).
According to The Block data, bitcoin mining revenue reached $1.40 billion in January 2025, a 2.78% decrease from $1.44 billion in December 2024.
Due to the cold wave in the United States, the increase in electricity prices has led to the first reduction in the difficulty of bitcoin mining since the end of September 2024. According to the statistics of bitcoin mining company Luxor, the United States accounts for 36% of the global bitcoin hashrate, of which Texas contributes nearly half. The polar cold snap in January caused the cost of electricity in the United States to rise, and mining companies' profits were frustrated. Mining difficul...
According to official information, Grayscale has launched the Bitcoin Mining ETF (MNRS), which is listed on the New York Stock Exchange Arca. MNRS tracks the performance of the Indxx Bitcoin Miners Index and provides investors with investment opportunities in bitcoin mining companies around the world. The ETF is currently priced at $25.31, and its top 10 holdings include major mining companies such as Marathon Holdings (16.66%), Riot Platforms (11.92%), and Core Scientific (9.2%).
On January 22nd, BTC miner MARA said in a post that bitcoin mining has saved Texas about $18 billion by replacing expensive gas-fired peaking power plants. At the same time, bitcoin miners, including MARA, have improved the stability of the power grid by balancing energy use during peak electricity consumption periods, achieving the dual advantages of cost and reliability.
According to Cointelegraph, Fred Thiel, CEO of bitcoin miner MARA Holdings, announced that the company is committed to expanding its strategic bitcoin reserves to all 50 states and the federal government.
On January 22, Fred Thiel, CEO of bitcoin mining company MARA Holdings, announced that the company is committed to expanding its strategic bitcoin reserves to all 50 states and the federal government.
According to official news, crypto mining chip design company Nano Labs has announced the purchase of 47 TRUMP tokens on the Solana blockchain, with an average transaction price of around $24, including transaction fees. The commemorative purchase is to celebrate Trump's election as the 47th President of the United States and reflects the company's gratitude for his supportive stance towards the cryptocurrency industry.
Since August 2024, the difficulty of mining bitcoin has risen significantly, with a quarterly increase of 24%.
On January 17, according to Bitcoin Magazine, Bitcoin mining company MARA has embedded a portrait of President Trump in the Bitcoin block to commemorate his upcoming inauguration. It is reported that Trump will become the first president of the United States to support Bitcoin.
An employee of a Russian diamond mining company has been jailed for sending cryptocurrency "to provide financial assistance to terrorist groups in Ukraine." The man, a male resident of Yakutia's Mirninsky district, was arrested by the Sakha branch of Russia's Federal Security Service (FSB). The FSB said the man "used cryptocurrencies on several occasions to transfer funds to Ukrainian militants", which the group used to "conduct reconnaissance and subversive activities against the security of th...
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