On November 26, 2023, a stroke of remarkable luck befell a solo miner when they discovered block 818,588, verifying a total of 4,193 transactions. This achievement garnered the miner a total of 6.887 BTC, inclusive of the 6.25 BTC subsidy and transaction fees. Solo Miner’s Slim Odds Pay Off: Claims Bitcoin Block Reward With Mere…
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Several bitcoin mining enterprises are shifting their focus to artificial intelligence (AI) computing and cloud services. In a recent development, the publicly traded blockchain and high-performance computing company Bitdeer, disclosed its expansion into AI. This strategic move involves providing Nvidia-powered graphics processing unit (GPU) services. Bitdeer Joins Nvidia Partner Network, Eyes Asian Market for AI…
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The firm managed to narrow net loss in the quarter as it ramped up Bitcoin production. Colorado-based Bitcoin mining firm Riot Platforms narrowed its second quarter net loss to $27.7 million as it ramped up its Bitcoin production and reached record hash rate capacity. The crypto miner posted total revenue of $76.7 million — up…
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Despite the earnings miss, Marathon’s CEO said it mined a record 2,926 Bitcoin over the second quarter of 2023. Crypto mining firm Marathon Digital missed earnings and revenue expectations with its second-quarter 2023 results. Marathon’s Q2 2023 results on Aug. 8 reported revenues of $81.8 million compared to Zacks Investment Research’s estimate of $83.2 million.…
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Cleanspark, a publicly listed bitcoin miner, has announced that it has entered into definitive agreements to acquire two turnkey bitcoin facilities in Dalton, Georgia. The deal will be an all-cash payment of $9.3 million and is expected to increase Cleanspark’s current operations by just under 1 exahash per second (EH/s). Cleanspark Secures Georgia Bitcoin Facilities…
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The SEC said Green United’s operation was a fraud and the community was quick to quell fears of the SEC classing crypto mining as a security in the suit. Software and crypto mining equipment offered by the Utah-based Green United LLC was part of an $18 million “fraudulent scheme” that never mined the crypto it…
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Another bitcoin mining company is dealing with financial issues as Iris Energy’s Form 6-K filing with the U.S. Securities and Exchange Commission (SEC) shows the company could face default on two loans. Iris Energy’s Form 6-K filing explains to the SEC that the firm “received a notice from its lender alleging the occurrence of an…
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On Nov. 7, 2022, the bitcoin mining firm Core Scientific released the company’s October update after the company’s Form 8-K U.S. Securities and Exchange Commission (SEC) filing on Oct. 26, 2022. The filing noted that the company was in the process of exploring “restructuring its existing capital structure.” The update published on Monday indicates that…
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One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company may apply for bankruptcy protection. The filing notes that Core Scientific will be unable to pay down debt payments due for Oct. and early Nov.…
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According to the crypto mining operation Pow.re Holdings Limited, the firm announced that it has begun construction of two new mining facilities in Asunción, Paraguay. The new data centers will manage 12 megawatts (MW) of hydroelectric power, and the firm has also acquired 3,600 Microbt Whatsminer mining rigs that produce roughly 396 petahash per second…
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