Mining


Finance

Miners Take Off for The Great – and More Profitable – North

Bitcoin mining in most of Europe is now “impossible” as energy costs soar but miners are increasingly seeking refuge in the northern reaches of Norway and Sweden.

Kryptovault's CEO Kjetil Pettersen and the mine's technician overlooking several hundred mining rigs working. (Eliza Gkrits/CoinDesk)

Finance

Bitcoin Miner Core Scientific Should Weather Crypto Storm, Analyst Says

Compass Point cites the company's access to capital as it rates the stock at buy with a $4 price target.

Core Scientific CEO Mike Levitt (Danny Nelson/CoinDesk)

Finance

Troubled Data Center Compute North Struggled With Crypto Winter. Then Its Relationship With a Major Lender Soured

The company was financed by Generate Capital, which seized the data-center operator’s assets.

Compass' Wolf Hollow site in Granbury, Texas (Compute North)

Finance

Bitcoin Miner Iris Energy Signs Up to $100M Equity Deal With B. Riley

B. Riley previously signed a similar deal with Core Scientific in July, under which the miners have the rights but no obligations to sell the shares to the investment bank.

Riot Platforms’ acquisition of Block Mining makes sense, JPMorgan says. (Sandali Handagama)

Finance

Compute North Files for Bankruptcy as Crypto-Mining Data Center Owes up to $500M

The company's CEO stepped down earlier this month and its COO will serve as the president.

Compass' Wolf Hollow site in Granbury, Texas (Compute North)

Finance

Amid Market Rout, Crypto Miners Are Still Building

Crypto miners are still developing innovative data centers despite a souring market that has some miners struggling to survive.

El bear market afectó los precios de minería de bitcoin. (Marko Ahtisaari/Flickr)

Finance

Bitmain Discounts Bitcoin Mining Machines in an Already Depressed Market

Prices for bitcoin mining rigs have fallen by about 70% this year.

A Bitfarms mining facility in Washington State. (Eliza Gkritsi/CoinDesk)

Finance

DeFi Platform Maple Finance Aims to Help Struggling Bitcoin Miners With $300M Lending Pool

The DeFi platform is launching its first fully collateralized, industry-specific lending pool with up to 20% interest rate as bitcoin miners are finding it tough to raise capital.

A Bitfarms mining facility in Washington State. (Eliza Gkritsi/CoinDesk)

Opinion

Ethereum PoW Is Not an Ethereum Competitor

Will proof-of-work blockchains benefit from the Merge, beyond short-term speculation?

(Sandali Handagama/CoinDesk)

Finance

As Ethereum Merge Looms, Michael Saylor Pushes Back Against Bitcoin's Energy Critics

The bitcoin maximalist, executive chairman of MicroStrategy and recently alleged tax evader says the Bitcoin network’s output is 100 times greater in cost than its input.

Michael Saylor merch at BTC 2022 (Danny Nelson/CoinDesk)