Category: Bitcoin Mining
Thailand Raids Illegal Bitcoin Mine After Power Outages
Thailand’s authorities recently raided an illegal Bitcoin mine following several weeks of power outages in a local town. The raid took place on Sunday in…
JP Morgan Report Shows Bitcoin Miners’ Profits Dwindling Post Halving
Bitcoin miners facing hardships due to reduced mining rewards, finds JP Morgan. JP Morgan expects Riot and Iren stock prices to climb in the coming…
Nvidia Faces Legal Showdown as TDC Warns of Crypto Lawsuit Surge
Nvidia faces a revived lawsuit claiming concealment of GPU sales to crypto miners. TDC is concerned that Nvidia’s lawsuit could lead to more crypto-related cases.…
Bitfarms Inks $125 Million Deal to Acquire Stronghold Digital
Bitfarms has acquired Stronghold Digital for $125 million. The deal will add about 950 MW to Bitfarms’ operations by the end of 2025. Bitcoin mining…
Malaysian authorities arrest seven individuals for power theft linked to Bitcoin mining
Malaysian authorities have recently arrested seven individuals for allegedly engaging in illegal Bitcoin mining operations involving electricity theft. According to local media reports from Bernama,…
Bitcoin Miners Eye $13.9B Annual Boost by Moving to AI, HPC: VanEck
Bitcoin miners may significantly boost their revenue by shifting some of their energy capacity to artificial intelligence (AI) and high-performance computing (HPC), according to investment…
Bitcoin Mining Profitability Dropped in July
Public Bitcoin miners in the US observed marginal losses in July while mining more BTC. They can face greater losses this month because of BTC’s…
IMF Proposes 85% Tax Increase to Cut Crypto Emissions
The International Monetary Fund (IMF) recently suggested a significant increase in electricity taxes for cryptocurrency mining, which could lead to a global reduction in carbon…
Riot Platforms Registers Q2 Losses, Increases Mining Revenue
Bitcoin miner Riot Platforms revealed a net financial loss of $84.4 million during Q2 2024, registering its first quarterly loss since Q4 2022. The loss…
