Bitcoin mining company Canaan has entered into a joint mining agreement with Texas-based crypto miner Luna Squares as part of its strategy to achieve a mining capacity of 10 exahashes per second (EH/s) by mid-2025. According to a November 20 press release, the partnership will focus on revenue-sharing from Bitcoin ...
Thai authorities have dismantled nine illegal Bitcoin mining operations, arresting two individuals in electricity theft worth over $280,000. The crackdown, reported by The Straits Times, highlights ongoing efforts to curb illicit cryptocurrency activities in the country. The operation in Surat Thani province is part of a rising trend of illegal ...
Hut 8 Mining Corp, a prominent Bitcoin miner, anticipates a significant hash rate boost of 66% in early 2025 after securing a deal to acquire 31,145 Bitmain Antminer S21+ machines. According to a November 6 announcement, Hut 8 expects this acquisition to elevate its self-mining capacity from 5.6 exahashes per ...
Deutsche Telekom, Europe’s largest telecom provider, has entered the Bitcoin mining industry with an eco-conscious project leveraging surplus renewable energy. Named “Digital Monetary Photosynthesis,” the project aims to test how to utilize the surplus of Germany’s expanding yet unpredictable renewable energy resources, such as wind power, to power bitcoin mining ...
Bhutan, a small Himalayan country, is ranked 108th in the 2024 Index of Economic Freedom, with a score of 55.4, placing it in the "mostly unfree" category. What that simply means is that the country's economy is in dire straits in terms of regulatory efficiency, trade freedom, and investment openness. ...
Singpore-based Bitcoin miner BitFuFu has announced plans to acquire a majority stake in an 80-megawatt (MW) crypto-mining facility in Ethiopia. According to the firm, this move is expected to help offset the 170% surge in production costs the company faced over the past year, which led to a 75% drop ...
Marathon Digital Holdings has announced plans to raise $250 million through a private offering of convertible senior notes. The world's largest Bitcoin mining firm revealed this in a press release published today, August 12, 2024. The release stated that the funds would be used to expand its Bitcoin holdings and ...
Bitcoin Miner Bitfarms has published its financial results for Q2 2024, revealing a mixed picture of operational progress and financial challenges. The company reported a total revenue of $42 million, marking a 16% decrease from the previous quarter and falling short of analyst expectations. Bitfarms attributed this decline primarily to ...
In its recently released financial report for the second quarter of 2024, European Bitcoin miner Northern Data reaffirmed that it is still on track with its full-year financial goals. The company reported revenue of EUR 26 million for Q2 2024, bringing its total revenue for the first half of the ...
Northern Data AG, a Bitcoin mining company based in Frankfurt, has announced a strategic move to bolster its operations with a substantial capital increase. The company aims to raise approximately €214 million by issuing 10,699,446 new bearer shares, equivalent to 20% of its current share capital. According to a press ...
