Bitcoin Mining

August 23, 2023

Chinese official sentenced to life in prison for Bitcoin mining, corruption

Xiao Yi was accused of abuse of power and corruption in operating a $329 million Bitcoin mining enterprise.   China’s uncompromising stance on illicit cryptocurrency operations […]
July 19, 2023

Bitcoin miners hedging with recent sell-offs: Bitfinex report

All-time high hash rates and mining difficulty indicate that miners are bullish on Bitcoin, while recent sell-offs could be a means to hedge positions.   According […]
July 06, 2023

UAE emerges as a pro-Bitcoin mining destination in the Middle East

The United Arab Emirates’ combined Bitcoin mining capacity is estimated to be around 400 megawatts or 4% of Bitcon’s global hash rate.   The United Arab […]
July 03, 2023

Hut 8 relocates 6,400 rigs, sees growth in AI and high-performance computing

Bitcoin mining firm Hut8 continues to relocate miners from its idle North Bay site, with increasing demand for AI and high-power computing.   Hut 8 Mining, […]
June 29, 2023

Bitcoin miners send record $128M in revenue to exchanges

Bitcoin miners have sent up to 315% of their daily revenue to exchanges but BTC prices are yet to react.   According to on-chain analytics platform […]
June 07, 2023

El Salvador’s Bitcoin miner Volcano Energy launches with $250M investment

Volcano Energy said the funds would go toward developing a 241-megawatt power generation park.   A public-private partnership in El Salvador has received an initial $250 […]
March 08, 2023

Jack Dorsey’s Block asks for input on the proposed ‘mining development kit’

Block’s mining hardware product lead, Naoise Irwin, has asked for pointers on a proposed hardware and software development kit for Bitcoin mining.   Payments company Block, […]
January 31, 2023

BlockFi gets court nod to sell crypto mining assets

BlockFi reportedly wants to get bids in as quickly as possible, to make the most of the current market conditions.   Bankrupt crypto lender BlockFi has […]
January 25, 2023

Blockstream raises $125M to finance expanded Bitcoin mining operations

Bitcoin miners came under significant pressure during the bear market; however, Blockstream said institutional hosting customers were more “resilient.”   Digital infrastructure company Blockstream has raised […]

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