MINING
The process that results in the release of certain amounts of a particular digital currency into its circulating supply. Mining is often the process that governs the verification of transactions and the addition of blocks to a blockchain.
Crypto Miner BIT Mining Raises $50M through Private Placement to expand its Mining Business Abroad
A Shenzhen-based cryptocurrency miner, BIT Mining, announced it will raise $50 million through private placement to expand its mining business to overseas markets abroad.
Bitcoin Miner Gryphon Announces the Purchase of 7.2K Antminers S19J Pro from Bitmain for $48M
The bitcoin mining company Gryphon Digital Mining announced that it has purchased 7,200 S19J Pro ant mining machines manufactured by bitcoin mining machine manufacturer Bitmain Technology Co., Ltd for $48 million.
Bitcoin Miners are Squeezed By Lack of Data Centers Amid China's Clampdown
The clampdown on crypto mining from China has caused a shortage of space for the homeless mining machines.
IBC Group Terminates BTC & ETH Mining Operations in China
IBC Group announced to terminate their crypto mining operation and facilities across China in response to the recent clampdown from the Chinese authorities.
Crypto Mining Hive Signed a $66 million GPU Subscription Agreement with Nvidia
Hive Blockchain Technologies Ltd signed a Graphics Processing Unit (GPU) procurement contract worth $66 million with a top-notch GPU inventor Nvidia Thursday. The announcement has come officially to join the Nvidia Partner Network (NPN) cloud service provider plan.
The Number of Bitcoin Addresses Holding At Least 1,000 BTC Hit a Monthly Low
The number of BTC addresses holding more than 1,000 Bitcoins plummeted ``to a1-month low of 2,152.
Bitcoin Miners’ Wallet Net Flows Are Increasingly Turning Negative
Bitcoin (BTC) experienced a sharp correction that drove the price to lows of $30k . Some analysts believe that Bitcoin miners have been on the receiving end because the recent market crash slashed their profit margins.
New York Senate Gives Moratorium on Bitcoin Mining Operations Per Climate Change Concerns
New York Senators are seeking a new law that clamps down on coal-powered mining while giving exceptions to green energy-powered Bitcoin mining.
Bitcoin Mining Technology Luxor Completed $5M Series A Funding Led by NYDIG
Luxor announced the completion of a Series A funding with a total value of $5 million.
El Salvador President Proposes Volcanic-Powered Bitcoin Mining System
El Salvador is considering building a Bitcoin mining hub around its volcanoes.
Number of Ethereum Whales on the Decline as Market Sees a Massive Correction
Ethereum holders, those with at least 100 coins are on the decline.
Huobi & BTC.Top Reportedly Suspends Business Operation in China
Cryptocurrency mining operators, including Huobi and BTC.TOP, are reportedly halting their business in mainland China, sources said.
Elon Musk: Lightning Network Needed to Fix Scalability Problem in Bitcoin Network
Elon Musk urges that layer-2 payments Lightning Network is essential to offer the required bandwidth for Bitcoin transactions to solve its scalability problem.
Bitcoin Flash Crashed to $51K,Triggering a $9.32B Liquidation - What's Next?
After Bitcoin fell below the previous support level of $60,103 yesterday, it plummeted from $60K to around $51K, incurring a loss of around $9,000 in just four hours and creating the largest reversal record since February.
Bitcoin Falls to $60K amid a Sharp Drop in Hash Rate and Turkey's Crypto Payment Ban
Bitcoin fell below the $61K level for the first time today due to the decline in hash power of Chinese mining pools and the ban on cryptocurrency for the purchase of goods and services proposed by the Turkish government.