Mining
China’s Zhejiang Busts GPU Mining Operation in Public Facilities
Bitoin mining has borne the brunt of China’s crackdown so far.
US Becomes the New Bitcoin Mining King Following China Crackdown
According to the Cambridge Centre for Alternative Finance (CCAF), the U.S. has become the world’s leader in bitcoin mining following China’s renewed crypto industry crackdown, accounting for 35.4% of the global hashrate as of the end of August, more than doubling from 16.8% at the end of April.
Bitcoin Miner Profits Recover
New data on bitcoin mining profitability reveals the Antminer S9 and S19 mining machines have been following the price of bitcoin up in recent weeks. Arcane Research said the increasing bitcoin price coupled with a stagnating hashrate, or blockchain computational power, has made 2021 a lucrative year for bitcoin miners. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Stronghold Digital Sets IPO Price at $16-$18 a Share
The Pennsylvania-based miner plans to sell about 5.9 million shares for acquisitions of mining rigs and power-generating assets.
Stronghold Digital Sets IPO Price at $16-$18 a Share
Stronghold Digital, a bitcoin mining firm that converts coal waste into power for its operations, plans to raise $94 million and $106 million in an IPO. According to a filing with the SEC, it plans to sell about 5.9 million shares at $16-$18 per share for acquisitions of mining rigs and power-generating assets.
CleanSpark Spends Some of Its Bitcoin to Buy 4,500 New Mining Machines
The sustainable bitcoin mining company now expects delivery of 24,580 machines in the next year.
Chinese Agency Reinstates Goal to Phase Out Crypto Mining Industry
The move comes almost two years after the agency quietly removed crypto mining from the list of industries to be eliminated.
Core Scientific to Build 300MW Blockchain Data Center in Texas
The new data center will increase Core’s total power capacity to more than 800MW.
The Great Migration of Crypto Mining Amid China’s Most Severe Crypto Ban
Reacting to the North American mining industry making big investments, Kevin Zhang, Vice President of Business Development at crypto mining advisor Foundry, discusses how China’s crackdowns on crypto mining and trading could contribute. He explains the potential impact of the country’s great bitcoin mining migration and where its miners are heading.
Link Global Faces $7.1M Fine From Alberta Utilities Regulator: Report
The regulator wants Link Global to pay almost $2 million for alleged economic gains from generating electricity and more than $5 million for gains from mining bitcoin.
