Mining


Finance

Startup Arkon Energy Raises $28M to Further Expand Into Bitcoin Mining

The Australian company also bought Hydrokraft AS, a renewable energy-based data center in Norway with up to 60MW of power capacity.

(Midjourney/CoinDesk)

Markets

El saldo de los mineros de bitcoin cae y el colapso de FTX afecta al mercado cripto

Datos de Glassnode muestran que la cantidad de bitcoin que poseen los mineros en las billeteras cayó a un mínimo de 10 meses.

La cantidad de bitcoin que poseen los mineros en las billeteras cayó a un mínimo de 10 meses. (Glassnode)

Finance

Canaan Q3 Net Income Drops 88% as Bitcoin Mining Declines

Negative market dynamics have caused a reduction in net income, revenue and computing power sold in the third quarter of this year.

Antminer bitcoin mining rigs displayed at Consensus 2021 (Christie Harkin/CoinDesk)

Markets

Bitcoin Miners' Balance Slides as FTX Collapse Weighs on Crypto

Data tracked by Glassnode shows, the number of bitcoin held by miner wallets has dropped to a 10-month low.

The number of bitcoin held in miner wallets hits a 10-month low. (Glassnode)

Finance

Ex-Ethereum Miners Token Hop to Stay Alive After the Merge

Following the Ethereum Merge, only 20% of miners have switched to other proof-of-work networks.

(Midjourney/CoinDesk)

Finance

Bitcoin Miner Marathon Digital Misses Q3 Revenue Estimates, Lowers Hashrate Outlook for 2022

The miner is targeting 9 EH/s for the end of the year, but continues to guide to 23 EH/s by the middle of 2023.

Marathon Digital CEO Fred Thiel, at the Bitcoin conference in Miami (CoinDesk)

Policy

US Midterm Elections to Set the Tone for Bitcoin Miners' Future

The midterm elections are key to determining the industry’s future, which is increasingly under attack by environmental advocates.

The White House South Lawn, Washington DC, America (Joe Daniel Price/Getty Images)

Finance

Canadian Energy Provider Hydro-Quebec Proposes Stopping Electricity Supply to Blockchain Industry

The utility asked Canada's energy regulator to suspend the allocation of 270 megawatts that had previously been planned for blockchain industry in Quebec.

Bitcoin mining can soak up renewable energy that is hard to transmit or consume locally, giving a leg up to energy producers. (Yunha)

Finance

Compass Point Analyst Defends Bitcoin Miner Iris Energy

Chase White says Iris should be able to renegotiate the terms of its debt or return its mining rigs to the lenders and buy new ones at a cheaper price.

Equipamiento para la minería de bitcoin. (Shutterstock)

Finance

Bondholders of Troubled Bitcoin Miner Core Scientific Said to Be Working With Lawyers: Report

The company last week warned it may have to explore bankruptcy as its financial condition worsens.

Core Scientific facility in North Carolina. (Core Scientific)