Operators & facilities
Mining companies, facilities, acquisitions, expansion and operational developments.
53 archived articles
Company coverage is dated reporting on operators, facilities, capacity and expansion plans. Corporate status, ownership and hashrate figures may have changed since publication.
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Michael Ho Set to Receive $135M in Damages The most dominant crypto mining firm by market cap, Marathon Digital, was fined $135 million earlier this week following a court verdict that showed the company breached a non-circumvention or non-disclosure agreement. The complainant, Michael Ho, who is currently the Chief St
A recent article published by Bloomberg has revealed that Bitcoin miner Cipher received a takeover bid earlier this week and is now considering a sale. Bloomberg claimed that the miner’s leadership is engaging with various advisers on the matter but may still decide not to sell. Following the news, Cipher’s stock CIFR
Illicit Crypto Mining in Malaysia Illegal cryptocurrency miners in Malaysia have stolen electricity worth more than $720 million over the past five years, according to Malaysian Deputy Minister for Energy, Akmal Nasir. The executive officer was speaking during an event where over 2,000 seized items, including crypto mi
Bitfarms Names Ben Gagnon as New CEO According to an announcement released on July 8th, Bitfarms has a new leader. The Bitcoin mining company revealed Ben Gagnon as the new CEO after working as chief mining officer for four years. On the day of the announcement, Riot Platforms, a mining firm that holds majority shares
As the crypto space continues to become popular, bad actors have created malware to steal computational power from entities and individuals through cryptojacking. In this article, we will explain everything you need to know about cryptojacking and how to minimize the chances of being attacked by perpetrators. Cryptojac
Crypto mining firm Marathon Digital has disclosed mining $16 million in Kaspa since last September in an effort to diversify from BTC. In its latest statement, the company argued that the move will boost its revenue by significant margins in the future. Marathon Digital Plans to Deploy Additional Kaspa Mining Machines
CleanSpark’s Latest Acquisitions On Friday, crypto mining firm CleanSpark announced it had signed a contract to buy five mining farms in Georgia. Per the company’s statement, the $25.5 million deal is financed with cash and is expected to close soon. The five mining facilities will generate a combined processing power
Bitcoin mining stocks rose by over 10% on Wednesday following a promise by former US president Donald Trump that he would support crypto mining activities when he ascends to power. Speaking to top executives of various crypto mining companies, Trump said he wants the remaining BTC to be mined in the United States. Foll
Bitcoin mining firm Bitdeer has announced its “SEAL04” chip, set to power in the recently rolled out Sealminer rig. According to the company’s technology roadmap, the chip will be launched in May 2025 and is expected to attain energy efficiency of 5 J/TH (joules per terahash). Bitdeer says the released roadmap is inten
Bitcoin mining pool Ocean Mining, which is backed by former Twitter CEO and founder Jack Dorsey, has announced that it’s moving its headquarters to El Salvador, a crypto-friendly country. Per the announcement made on May 31st, Ocean Mining will be headquartered in San Salvador City. In a statement, Ocean Mining boss Ma
Although the primary function of any blockchain network is to process and document transactions, metadata allows users to include extra information in these transactions. If you wish to learn more about metadata, we recommend reading this article to the end. Types of Metadata There are two major types of metadata. They
Ten Mining Companies Secure $2 Billion in Funding BlocksBridge Consulting’s latest report shows that ten publicly traded Bitcoin mining companies secured over $2 billion before Bitcoin halving, which took place on April 20th. The crypto research company said in a statement that the funds were meant to protect the miner
Bitcoin mining is known for being an expensive venture, requiring miners to invest millions of dollars into setting up mining rigs. However, that might no longer be the case thanks to GoMining, a crypto mining company that seeks to lower barriers to entry to make mining more accessible. Mark Zalan, the GoMining CEO, sp
Core Scientific’s Revenue Report Leading Bitcoin mining company Core Scientific announced on Tuesday that its total revenue for the first quarter of this year hit $179 million. By comparison, the firm posted revenue of $58 million during the same period last year. Of the $179 million, $150 million came from Core Scient
Marathon’s Latest Purchase Crypto mining company Marathon announced on Monday that it had struck a deal with Applied Digital to buy a 200-megawatt Texas-based Bitcoin mining facility for $87 million. Per the deal, Marathon is set to finance the purchase in cash. A blog on Marathon’s website states that the new acquisit
Riot Platforms’ Latest Report In a report released on February 23rd, Bitcoin mining company Riot Platforms said its BTC output rose by 19.% in 2023 after mining 6,631 coins. Moreover, the firm recorded an uptick in yearly revenue, primarily because of the increase in Bitcoin price last year compared to the previous yea
Several companies are aiming to simplify Bitcoin mining. Among them is GoMining. In this article, we will discuss how GoMining is revolutionizing Bitcoin mining. Keep reading to learn. Exploring GoMining GoMining is a popular Bitcoin mining protocol that aims to democratize the process of mining BTC. It intends to make
Bernstein Recommends Two Mining Stocks Bernstein, a popular brokerage firm, has advised investors to purchase Bitcoin mining stocks in order to gain exposure to BTC indirectly ahead of this year’s halving. The broker recommends two mining stocks, including CLSK, issued by CleanSpark, and RIOT, associated with Riot Plat
CleanSpark’s Latest Acquisitions Popular Bitcoin mining company CleanSpark, which trades on Nasdaq under the CLSK ticker, has announced that it entered agreements last week to acquire three Mississippi-based Bitcoin mining facilities for a whopping $19.5 million. The purchases were paid in cash. According to CleanSpark
Mining cryptocurrencies like Bitcoin, Litecoin, and Dogecoin requires intensive energy use. This is because they employ a consensus mechanism known as proof of work (PoW). But crypto mining no longer has to consume a lot of energy, thanks to another consensus algorithm called proof of stake (PoS), which several top cry
HashFlare Founders’ Extradition to the US Sergei Potapenko and Ivan Turogin, the co-founders of the now-closed crypto cloud mining platform HashFlare, are set to be extradited to the United States from Estonia after the Estonian government met the requirements for their extradition. The pair have been charged with mone
The blockchain technology that allows cryptocurrencies like Bitcoin to function is usually a decentralized database without any centralized entity to control it. As a decentralized database, blockchain is secured by parties that operate nodes across the globe. This is made possible by the proof-of-work consensus mechan
Phoenix Splashes $186.5M on Crypto Mining Machines Phoenix, a popular crypto mining company listed on the Abu Dhabi securities market, has announced that it has spent more than $186 million to acquire mining machines to increase its production capacity. Phoenix’s subsidiary, Phoenix Computer Equipment, revealed the pur
Every 4 years, Bitcoin miners prepare themselves to see their mining rewards reduced by half in an event known as halving. In less than 100 days, another halving event will happen. But does it mean anything to Bitcoin investors? Should they pay attention? Let’s get the answers in this article. Bitcoin Halving: The Bolt
Marathon Digital Acquires Two Mining Facilities Mining firm Marathon Digital has inked a purchase deal to acquire two Bitcoin mining facilities with a combined capacity of 390 megawatts. The deal is said to cost $178 million. It marks the mining firm’s transition to an organization that manages a diversified portfolio
Miners in Ocean Mining Pool Set to Process Ordinals Transactions Popular Ordinals critic and the founder of the Ocean mining pool, Luke Dashjr, seems to have changed his negative stance on NFT-like assets on the Bitcoin blockchain after his company announced that it will now allow miners to mine blocks containing non-f
Tether Reveals Its Entry Into Crypto Mining Stablecoin issuer Tether has announced its plan to invest in Bitcoin mining in 2024. The company behind the largest stablecoin, USDT, said it would inject $500 million into its new area of interest. In the announcement, Tether said its investment strategy involved setting up
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If you are intimidated or reluctant to invest in the crypto space but cannot resist its rapid growth, then crypto mining stocks are the safer alternative. These stocks are issued by companies that mine digital currencies or sell crypto mining equipment. With cryptocurrencies witnessing massive adoption in recent years,
Hashing24 is among the first platforms that started offering cryptocurrency cloud mining services. Keep reading this guide to learn more about the platform’s features, along with its pros and cons. Exploring Hashing24 Launched in 2012, Hashing24 is a popular crypto cloud mining provider, allowing people to mine Bitcoin
Bitcoin Mining Revenue Surges According to data from Blockchain.com, Bitcoin mining revenue achieved a new yearly high on Thursday, as the coin’s price continued to rally amid excitement within the crypto industry caused by the growing possibility that the United Securities and Exchange Commission will likely approve a
Most crypto enthusiasts find mining tokens in exchange for passive income attractive. However, the traditional way of mining crypto assets is not easy, as it requires significant power and expensive equipment. For this reason, people interested in crypto mining but don’t have the required resources to set up a mining f
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Sazmining Embraces Renewable Energy Sazmining, a popular Bitcoin mining firm, opened its new facility in Paraguay early last week. The company has now announced that it will use renewable energy to power mining equipment. Sazmining operates crypto mining rigs bought by customers and then takes a 15% commission for runn
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FTX Stakes Tokens On Monday, the bankruptcy estate for now-fallen crypto exchange FTX staked SOL tokens worth over $122 million. On-chain observers have reported that the tokens were transferred from an FTX-owned crypto wallet to Figment, the staking platform that caters to institutional crypto investors. Over the week
Crypto Funding Stats 2023 Galaxy Research’s latest report suggests that venture capitalists are shying away from the blockchain ecosystem. For the first time since 2020, the number of deals closed is below 400 after three quarters. By comparison, the blockchain analytics company reported 600 deals worth $6 billion at t
DeFiLlama’s Stablecoin Data Stablecoins have had a rough ride in the past 18 months. Since Terraform’s Stablecoin UST collapsed in May 2022, the total market cap for stablecoins has dropped more than 35%. According to data from crypto analytics platform DeFiLlama, stablecoin’s market valuation was at $189.2 billion 18
Over the past few months, Worldcoin has been making headlines, with many wondering what the crypto project is all about. Are you one of them? Well, stick around. In this article, We will explain everything you need to know about Worldcoin. Exploring Worldcoin Worldcoin aims to grant users unique digital identities by s
Decentralized exchanges (DEXes) have become popular among crypto users in recent months because they do not have many restrictions like centralized exchanges. One of the DEXes that have seen massive adoption is ApeX Exchange. Keep reading this article to understand how this decentralized exchange works, its features, h
Sam Bankman-Fried’s Trial Federal prosecutors have announced the witnesses expected to testify in the case brought against Sam Bankman-Fried, the former CEO of now-bankrupt crypto exchange FTX. The announcement comes a few days before the most-awaited trial begins. In the document sent to court, the federal prosecutors
Among the crypto projects that focus on facilitating payments is XRP Ledger. Over the years, this project has been supporting micropayments in an effort to disrupt the traditional finance (TradFi) industry. But does this mean XRP Ledger’s native token, XRP, is worth buying? To answer this question, we will explore all
The emergence of crypto assets has forced regulators across the world to develop new policies to ensure crypto players carry out their activities in a compliant manner. However, some regulatory agencies have yet to formulate rules for crypto. For example, the United States Securities and Exchange Commission (SEC) is us
The SFC’s New Regulations On Monday, Hong Kong’s SFC (Securities and Futures Commission) announced new measures that would help enhance security and transparency in the crypto sphere. One of the measures involves the publication of a list featuring licensed, application-pending, and shutting down VATPs (Virtual Asset T
ZachXBT is a popular name within the crypto space. The pseudonymous X user focuses on exposing scams and hacks in the blockchain industry. This guide explains everything you need to know about ZachXBT. Introducing ZachXBT ZachXBT is a well-known on-chain detective who uncovers rug pulls and warns crypto users of suspic
Kraken has been in operation for over a decade. That means it has weathered several bear markets to become the established and reliable crypto exchange it is in 2023. This article focuses on Kraken. You will learn its history, features, and how to get started. Understanding Kraken Kraken is a crypto exchange based in t
Bankman-Fried Parents Sued On Tuesday, FTX bankruptcy estate took legal action against Sam Bankman-Fried’s parents, Barbara Fried and Joseph Bankman, in an effort to recover funds allegedly obtained through fraudulent transfers. Bankman-Fried was the CEO of the FTX, a crypto exchange that collapsed late last year. Acco
Blockchain technology is revolutionizing how we make our daily transactions. Web3 firms are using it to provide solutions for making transactions securely and fast. Crypto cards are among the solutions. This article lists ten benefits of using one of the popular crypto cards, Wirex. Wirex Crypto Card Benefits Seamless
Crypto Price Analysis Prices of Leading cryptocurrencies have remained relatively stable this week. Bitcoin and Ethereum are up 2.62% and 1.23% to trade for $26,504 and $1,625.56 at press time. ETH’s growth is likely thwarted by a report suggesting more tokens have been added to supply than those burned since Last Sept
In the past two years, BitFuFu has seen its user base grow exponentially, with the company continuing to position itself as a reliable cloud mining platform. In this article, we will explore all the features of BitFufu and its role in the crypto mining sector. BitFuFu Defined Founded by Leo Lu in 2020, BitFuFu is […]
The Elliptic Report Elliptic, a blockchain surveillance company, released a report on Friday regarding the exploits executed by the notorious cybercriminal group Lazarus. The firm noted that the group was involved in five major attacks over the last three months. Last week’s exploit on cryptocurrency exchange CoinEx wa
MAS Impose Ban on 3AC Founders According to a statement released by the Monetary Authority of Singapore (MAS) on Thursday, founders of the failed cryptocurrency hedge fund Three Arrows Capital (3AC) are not allowed to participate in any financial activity in the country for the next nine years. The founders, Kyle Davie
Brian Shroder Resigns According to a report published by Bloomberg on Wednesday, Binance US CEO Brian Shroder stepped down from his position at the start of the week. His departure comes at a time when Binance boss Changpeng Zhao has been refuting claims that his cryptocurrency empire is in danger. Shroder is set to be