Cryptocurrency mining company Blockware has said that the price of bitcoin could rise by up to four times in 2025, or by 58% in the worst case scenario, depending on Donald Trump's strategic bitcoin reserve plan and Federal Reserve policy. Blockware said that if Trump "does not implement" the strategic bitcoin reserve plan, then the $150,000 bear market target is possible, and the industry hopes that this outcome will appear in the early days of Trump's administration. As a "basic situation"...
Bitcoin mining company Hut 8 has bought 990 bitcoins (BTC) for about $100 million.
On December 21, US cryptocurrency mining company MaraHoldings (formerly Marathon Digital) announced that it has used the waste heat generated during the bitcoin mining process to provide heating to 80,000 households in the Sata Kunta region of Finland.
NYSE-listed cryptocurrency mining company BIT Mining Limited announced that in order to seek business diversification after the bitcoin halving, it will continue to commit to self-mining Litecoin (LTC) and Dogecoin (DOGE), while also continuing its bitcoin mining and data center hosting business. BIT Mining Limited disclosed data that as of November 27, 2024, LTC's mining output was 84,485.42, DOGE's mining output was 227,908,250.38, and the current LTC/DOGE /BEL active mining technology is abou...
Ben Gagnon, CEO of cryptocurrency mining company Bitfarms, said that if Trump cuts red tape and increases support and investment in energy and power infrastructure, the United States will solidify its position as the most competitive place in the world for bitcoin mining, making it absolutely possible and desirable for the United States to become the largest country for bitcoin mining. However, he admitted that due to the fragmentation of bitcoin infrastructure, it is impossible to achieve the r...
Ben Gagnon, CEO of cryptocurrency mining company Bitfarms, says it is absolutely possible and desirable to make the United States the number one country for bitcoin mining. He believes that if Trump reduces red tape and increases support and investment in energy and power infrastructure, the United States will solidify its position as the most competitive place in the world for bitcoin mining. However, Ben Gagnon admits that due to the decentralized infrastructure of bitcoin, one country cannot ...
Zach Bradford, CEO of bitcoin mining firm CleanSpark, said in an Oct. 31 announcement that following shareholder approval, the company completed its acquisition of U.S. infrastructure firm GRII D Infrastructure as a "strategic move to enable the company to increase its bitcoin mining capacity in Tennessee. This acquisition brings Clean Spark's mining capacity enhancement 50 trillion watts, closer to achieving its plan to build 400 trillion watts of capacity in the coming years.
Crypto mining company Bitfarms has signed a second escrow agreement with US-based Stronghold Digital Mining to expand operations at its Pennsylvania-based facility. Under the terms of the escrow agreement, the Bitcoin data center operator will deploy an additional 10,000 mining machines to Stronghold's Scrubgrass mine. These mining machines were originally expected to be used at the Yguazu mine in Paraguay.
Mitchell Askew, principal analyst at mining firm Blockware, said that deficit spending and lower interest rates are driving higher global liquidity, while investors are concerned about a prolonged period of high inflation, as evidenced by the poor performance of government bonds since the September interest rate cut. As a result, investors are turning to the bitcoin market, while bitcoin mining stocks are trading in a "beta" state. Askew added that some bitcoin miners are also benefiting from di...
TeraWulf, the world's sixth-largest bitcoin mining company, is expected to launch a new bitcoin mining facility by the end of September, along with a possible partnership with Magnificent Seven. (Cointelegraph)
Bitcoin mining company BitFuFu has announced its unaudited financial results for the second quarter ended June 30, 2024. Total revenue was $129.40 million, up 69.7% from the same period in 2023. Cloud mining solutions revenue was $77 million, up 66.8% from the same period in 2023. Bitcoin self-mining business revenue was $51.10 million, up 81% from the same period in 2023. Net income was $1.30 million, compared to $5.10 million for the same period in 2023. As of June 30, 2024, the combined balan...
On August 20, according to Decrypt, bitcoin mining company Marathon Digital executives met with Democratic National Committee Chairperson Jamie R. Harrison and his advisers earlier this month. Jayson Browder, Marathon Digital's senior vice president of government affairs, said the meeting was held about a week ago. In addition to existing efforts to reduce "methane emissions and carbon emissions" related to bitcoin mining, it also discussed mitigating...
On August 10, A & A company falsely claimed to have bought a Chinese Yunnan cryptocurrency mining company and defrauded more than 700 local investors in Singapore to invest 6.70 million yuan. Wang Xinghong, the CTO from China, was sentenced to five years in prison for participating in this "Ponzi scheme" and earning more than 130,000 yuan. The case revealed that the defendants' accomplices included a man named Yang Bin. Yang Bin established A & A Blockchain Innovation Pte Ltd (referred to as A &...
On August 7th, Bob Burnett, CEO of Barefoot Mining, a bitcoin mining service, said that as bitcoin becomes more common in the world economy, the demand for accessing block space at certain times and dates will increase. This demand will give rise to a block space futures market, mining companies...
Toronto-based bitcoin mining company Bitfarms announced that as of the end of July, its operating hash rate had reached 11.1EH/s, an increase of 109% year-on-year and 7% month-on-month. The average operating hash rate for the month was 10.3EH/s, an increase of 36% from June. Due to the increase in hash rate, Bitfarms generated 253 BTC in July. This figure increased by 34% month-on-month, but decreased by 33% compared to the same period last year. At the same time, the company sold 142 BTC for $8...