Miners


Videos

Tough Time for Miners: NY Passes Moratorium; Riot Blockchain Sells More Bitcoin

Miners are facing new headwinds amid the market downturn. Riot Blockchain (RIOT) is unloading more than half of the bitcoin it mined in May. Separately, the New York State Senate passed a bitcoin mining moratorium, barring new proof-of work (PoW) mining operations powered by carbon-based energy sources for two years.

CoinDesk placeholder image

Tech

As Bitcoin Price Slides, Older Mining Rigs Are Becoming Less Profitable

Even as Bitcoin's mining difficulty adjusts downward, the price trend might spell a crisis for retail miners. On the other hand, it could be an opportunity for those looking to buy rigs.

A bitcoin mining farm. (Marko Ahtisaari/Flickr)

Markets

CleanSpark, Hut 8 Stocks Lead Bitcoin Miner Rally as Markets Bounce Back

Those miners with larger operations and lower costs are winning favor with investors amid volatile market conditions.

Bitcoin miners on the rise on Friday. (Francesco Carta fotografo/Getty images)

Tech

Bitcoin Miner Argo Blockchain 'Leans Toward' Designing Custom Miners With Intel Chips

Custom bitcoin mining rigs will allow miners to design their own machines instead of having to settle for ready-made ones from a duopoly of manufacturers.

Bitcoin mining ASICs submerged in immersion cooling liquid at a facility in South Spain. (Eliza Gkritsi)

Finance

Argentina Bears Down on Crypto Miners Amid Power Shortage

Some registered companies saw a 400% increase in their electricity bills in March, while unregistered miners don't plan to stop using subsidized residential tariffs.

Ushuaia, ciudad ubicada en la provincia argentina de Tierra del Fuego. (Richard I'Anson/Getty Images)

Markets

Coinbase, MicroStrategy Lead Crypto Stocks Lower in Market Rout

Double-digit percentage losses were the norm across the cryptocurrency sector as the Nasdaq tumbled another 4% and bitcoin plunged to just above $30,000.

MicroStrategy Executive Chairman Michael Saylor

Finance

Argo Blockchain Borrows $70M From NYDIG to Buy Mining Rigs

The miner is getting more machines for its Helios facility in Texas.

A crypto mining farm (Sandali Handagama/CoinDesk)

Policy

New York Man Arrested for Alleged $1.8M Crypto Mining Scam

Authorities say 37-year-old Chet Stojanovich promised to take a customer on 31-hour road trip to see the non-existent mining equipment in Canada – and then abandoned him at the Buffalo airport.

Statue of Themis holding the balance scales. (Oleksandr Berezko/EyeEm via Getty Images)

Finance

Riot Blockchain Bitcoin Mined Rises to 511 in March

The company also sold 200 bitcoin during the month, raising $9.4 million.

A close-up of one of Riot's mining rigs. (Riot Blockchain)