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...
On January 13, it was reported that the difficulty of bitcoin mining ushered in the eighth consecutive positive adjustment, setting a record high of 110.45T, indicating that the current mining difficulty is about 110.45 trillion times that of the bitcoin genesis block. The bitcoin network adjusts the difficulty every 2016 blocks to maintain the average block size every 10 minutes. This is another consecutive positive correction following the 2018 bear market and the 2021 bull market. China banne...
According to Cryptonews, the demand for crypto miners and related services in Russia tripled year-on-year in the fourth quarter of 2024. Sergey Bezdelov, president of the Industrial Mining Association, said that this is due to the new regulations allowing individuals and businesses to legally mine within a certain energy consumption range. The new regulations give mining legal status and require miners over 6,000 kWh to register, but they are still in looser regulatory environments. The Russian ...
Nasdaq-listed crypto mining chip designer Nano Labs has announced that it has agreed to use bitcoin as a long-term strategic reserve asset, and that its subsidiary Nano bit will be responsible for managing and operating these assets. Nano bit plans to partner with BitFi to launch a bitcoin asset management solution.
After extensive discussions with advisors, the company's board of directors has decided to amend the articles of association to increase the number of authorized shares from 500 million to 800 million shares, a proposal similar to what other companies in the industry have done and, if approved, will provide MARA with greater flexibility to take advantage of market conditions and favorable financing acquisition opportunities in a timely manner.
According to the Jefferies report, US-listed bitcoin mining companies accounted for 25.3% of the global hashrate in December 2024. The report pointed out that the bitcoin price rose by 15% in December, which exceeded the 6.5% growth rate of network hashrate, resulting in mining profitability capacity enhancement. US-listed mining companies mined a total of 3,602 bitcoins in December, up from 3,404 in November. Among them, Mara produced the highest output at 890, followed by CleanSpark (CLSK) wit...
Listed bitcoin miner HIVE Digital Technologies released its December 2024 operating report, generating 103 BTC in the month and a total of 1,772 BTC to date; currently holds 2,805 BTC, worth $262 million.
Listed bitcoin miners have followed in MicroStrategy's footsteps and increased their holdings of bitcoin coffers, according to a report published on January 7 by Nice Hash and Digital Mining Solutions. "In 2024, there has been a significant shift in bitcoin miners, with several companies choosing to keep more of their output or not sell at all," the report noted. Miners may not sell bitcoin for a number of reasons, including the expectation of further appreciation in the price of BTC or strength...