Crypto Mining – Page 8

Bitcoin Miner Riot Secures 66,560 Microbt ASIC Miners to Boost Hashrate by 18 EH/s

December 5, 2023

The bitcoin mining corporation Riot Platforms, a publicly traded firm within the industry, recently announced a significant expansion of its operations. The firm has completed its largest-ever acquisition of application-specific integrated circuit (ASIC) miners, securing 66,560 units of Microbt’s latest Whatsminer M66S models. This substantial purchase is set to boost Riot’s current mining capabilities by…
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Report: Bitcoin Miners’ Revenue Down by More Than 30% in the Last 6 Months

December 2, 2023

In the past six months, Bitcoin miners’ revenue has dropped by more than 30%, with November revenues approximately $270 million lower than October revenues. The drop in Bitcoin miners’ revenue is attributed to Bitcoin price volatility, increased competition, and higher electricity prices. Gradual Decline in Miner Revenue Bitcoin miners’ revenues have fallen by over 30%…
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Iris Energy Acquires 7,000 Next-Gen T21 Bitcoin Miners in Deal With Bitmain

December 1, 2023

The Australia-based and Nasdaq-listed Iris Energy recently announced the acquisition of 1.3 exahash per second (EH/s) capacity in Bitmain’s latest Antminer T21 models. This purchase boosts Iris Energy’s proprietary mining capacity to a notable 8.3 EH/s. Iris Energy Secures 1.3 EH/s in Latest Bitmain Deal Iris Energy (Nasdaq: IREN) announced on Thursday its procurement of…
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Northern Data Subsidiary Bolsters AI Capabilities With $362 Million Nvidia GPU Investment

November 30, 2023

On Wednesday, Northern Data Group, headquartered in Frankfurt and specializing in bitcoin mining, disclosed that its subsidiary, Taiga Cloud, has secured a significant acquisition of about 8,200 Nvidia H100 Tensor Core Graphics Processing Units (GPUs). These newly acquired units will complement Northern Data’s current collection of artificial intelligence (AI)-oriented hardware, following their previous acquisition of…
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‘Stagnant’ BTC Price and Rate Hikes Drove Down Crypto Miner Canaan Inc’s Revenues in Q3

November 29, 2023

Canaan Inc, the crypto miner and mining rig producer, said the company’s overall revenue in Q3 stood at $33.3 million or some $40 million lower than the Q2 revenue. According to the company’s CEO, stagnant bitcoin prices and rate hikes by the U.S. Federal Reserve were some of the key factors that contributed to the…
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Best Crypto to Buy Now November 24 – BLUR, PYTH, MINA

November 25, 2023

BLUR, PYTH, MINA, BTCETF, and BTCMTX showcase crypto potential as the best to buy now before takeoff. Image by cryptonews.com. The BLUR price is seeing a considerable price boost from its Binance listing, elevating it to one of the best crypto to buy now. Meanwhile, PYTH and MINA continue to show promising signs of growth…
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Best Crypto to Buy Now November 23 – PYTH, UNI, BLUR

November 24, 2023

The top 5 best crypto to buy now include PYTH, UNI, BLUR, BTCETF, and BTCMTX. Image by cryptonews.com. The PYTH Network’s PYTH price is on the rise, having surged over 14% in the past 24 hours, while Uniswap and Blur are also in the news along with crypto presales Bitcoin ETF Token and Bitcoin Minetrix,…
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Report: Crypto Mining Equipment Found in Poland’s Supreme Court

November 20, 2023

Prosecutors in Poland’s capital Warsaw recently launched a probe into how cryptocurrency mining equipment was installed in a building housing the country’s Supreme Administrative Court. The chairman of the court’s information department insisted the crypto-mining equipment posed no threat to the security of stored data. Crypto Mining Rig in Ventilator Duct According to a Polish…
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Tether Aims to Invest Half a Billion Dollar in Mining Ventures Over Next Six Months to Become a Top Miner

November 16, 2023

Source: Adobe/Jim Tether, the company behind the world’s largest stablecoin USDT, aims to invest half a billion dollars to become one of the world’s leading Bitcoin miners. Paolo Ardoino, the company’s incoming CEO, said in a recent interview that Tether plans to invest approximately $500 million over the next six months. The company’s investment strategy includes constructing…
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Auradine Unveils New Teraflux Miners Setting New Efficiency Benchmarks in Bitcoin Mining Industry

November 15, 2023

While several leading mining rig manufacturers have introduced more efficient bitcoin miners measured in joules per terahash (J/T), Auradine, based in California, has announced the debut of its Teraflux AT2880 and AI3680 bitcoin miners. These new models feature efficiency rates ranging from 15 to 16 J/T and a maximum output of 375 terahash per second…
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