Nasdaq-listed Bitcoin mining firm Marathon Digital attributed the decline in August’s production to the extreme weather conditions. The high heat levels experienced across Texas led to the 9% plunge in Bitcoin production…
Category: Crypto Mining
Tether’s CTO Tight-Lipped on Bitcoin Mining Activities Energy Images
Paolo Ardoino, Tether’s CTO, implied that the operations are founded in South America but failed to divulge additional information. Recently, the CTO of stablecoin provider Tether, Paolo Ardoino, found himself addressing reports…
Blockstream Raising $50M to Acquire Discounted ASICs Miners
Blockstream intends to purchase and amass ASIC mining hardware in store for Bitcoin’s splitting in 2024. Blockstream, a blockchain technology company, seeks to acquire up to $50 million to buy and amass…
Marathon Shareholders Sue Management Alleging Mismanagement and Corporate Assets Misuse
The chief executive officer and other top officials are accused of breaking fiduciary duties, misusing company assets, and unfair enrichment. Marathon Digital, a U.S. crypto mining organization, is going to court following…
Ethereum Vs. Litecoin – What’s the Difference?
Both Ethereum and Litecoin are designed to facilitate transactions and are built using blockchain technology. However, the two networks operate differently. In this article, we will explore their key differences and discuss…
Standard Chartered Projects Bitcoin to Realize $120K By 2025
The UK’s Standard Chartered bank projects Bitcoin to hit a six-figure exchange value as mining firms will likely hold on to their hard-earned coins, constricting the market supply. The multinational bank considers…
Top Seven Cloud Mining Sites in 2023 – A Complete Beginner’s Guide
Many crypto users find mining tokens to earn passive income a lucrative venture. However, mining on a large scale requires one to acquire expensive hardware, which is known to consume immense power….
Bitcoin and Ethereum Rally Slows as US Legislators Scramble to Avert Historic Debt Default
The awareness of proximity to the US X-date has prompted the usual last-minute rush from Capitol Hill to resolve the lift with lawmakers to avoid triggering the first-ever default. The potential compromise…
BTC Miner Core Scientific Set to Overcome Bankruptcy by September
In its recent filing to the court, Bitcoin mining firm Core Scientific cited favourable market conditions and improved liquidity position as bringing it closer to exiting bankruptcy. The embattled BTC miner that…
Push for 30 Percent Digital Mining Energy Tax Renewed by White House Advisors
The community criticized a blog on 2nd May by the Council of Economic Advisors (CEA). The CEA is a U.S agency with the crucial role of advising the nation’s president on economic…
Cipher Mining Agrees to Acquire 11,000 Bitcoin Miners from Canaan Inc
Cipher Mining’s recent statement confirms adding 11,000 A1346 model machines to increase the total hash rate above 7.2EH/s. The addition of the new mining machines is set to increase the mining capacity…