Category sc : Bitcoin Mining

Bitcoin Mining

JP Morgan Report Shows Bitcoin Miners’ Profits...

Bitcoin miners facing hardships due to reduced mining rewards, finds JP Morgan. JP Morgan expects Riot and Iren stock prices to climb in...
Bitcoin Mining

Nvidia Faces Legal Showdown as TDC Warns...

Nvidia faces a revived lawsuit claiming concealment of GPU sales to crypto miners. TDC is concerned that Nvidia's lawsuit could lead to more...
Bitcoin Mining

Bitfarms Inks $125 Million Deal to Acquire...

Bitfarms has acquired Stronghold Digital for $125 million. The deal will add about 950 MW to Bitfarms’ operations by the end of...
Bitcoin Mining

Malaysian authorities arrest seven individuals for power...

Malaysian authorities have recently arrested seven individuals for allegedly engaging in illegal Bitcoin mining operations involving electricity theft. According to local media reports from...
Bitcoin Mining

Bitcoin Miners Eye $13.9B Annual Boost by...

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...
Bitcoin Mining

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...
Bitcoin Mining

IMF Proposes 85% Tax Increase to Cut...

The International Monetary Fund (IMF) recently suggested a significant increase in electricity taxes for cryptocurrency mining, which could lead to a global reduction in...
Bitcoin Mining

Riot Platforms Registers Q2 Losses, Increases Mining...

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...
Bitcoin Mining

Marathon Digital’s Stock Price Drops as Its...

Marathon Digital (MARA) observed declining stock price as it did not meet Wall Street’s profit expectations. The price fell as much as 8% on...
Bitcoin Mining

Hut 8 Secures Power Deal to Open...

Hut 8, a well-known Bitcoin mining firm, has secured a deal to acquire 205 megawatts of power in West Texas, as well as the...
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