On Tuesday, bitcoin mining company Bitfarms, listed on the Nasdaq and Toronto Stock Exchange (TSX), announced it has secured an additional 100 megawatts (MW) of power from Paraguay’s state-owned utility firm, ANDE. The 100 MW is…
Countries around the world are realizing that energy-intensive Bitcoin mining brings serious environmental and economic risks and are taking steps to limit, or even ban, the industry. The rapid growth of Bitcoin mining threatens the…
Despite the recent block reward halving, only the profitability of Bitcoin miners with less efficient mining rigs is endangered, according to Terawulf's Nazar Khan.
Bitcoin mining compnay, TeraWulf, reported quarterly losses of 3 cents per share which missed the analyst consensus estimate of earnings of 4 cents per share. Quarterly sales came in at $42.433 million, missing the analyst consensus…
Toronto-based Bitcoin (CRYPTO: BTC) mining firm Bitfarms (NASDAQ: BITF) fired CEO Geoffrey Morphy on Monday, effective immediately, after he filed a lawsuit against the ...
Nicolas Bonta, Bitfarms co-founder and chair, will take over as interim president and CEO after Geoffrey Morphy filed a lawsuit for $27 million in damages against the mining firm.
Robert Kiyosaki warns of an impending severe market crash and advises investing in assets like bitcoin, gold, and silver. Edward Snowden has issued a stern warning to Bitcoin developers, urging them to enhance privacy features at the…
In the first quarter of 2024, Cleanspark, a U.S. bitcoin mining company listed on the stock market, reported revenues exceeding $111.8 million. The company’s net income for the same period was $126.7 million. Gary A. Vecchiarelli, the CFO…
CleanSpark, Inc. (NASDAQ:CLSK) shares are trading higher Friday after the company posted better-than-expected second-quarter financial results and announced it will acquire two new Bitcoin mining locations.
According to Joe Downie, the chief marketing officer at Nicehash, bitcoin miners struggling to stay afloat after the halving are unlikely to support or become involved with artificial intelligence (AI). This is because their application…
Canaan Inc. has launched the Avalon A15 series, with the new product being the A1566 model. This upgraded bitcoin mining machine incorporates Canaan’s most advanced technology. The A1566 model sets a new performance benchmark with an…
Each Bitcoin halving sees Bitcoin miners rewarded with a smaller block subsidy, but ViaBTC is optimistic that innovative Bitcoin applications will more than cover these needs, as Satoshi Nakamoto envisioned.
NEW YORK, May 09, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ:CIFR) ("Cipher" or the "Company"), a U.S.-based Bitcoin mining company, today announced it will participate in the 19th Annual Needham Technology, Media, & Consumer…
Bitcoin mining, electric cars, new artificial intelligence data centers, and heavy industry moving from combustion engines to electrical engines may mean the state will need to nearly double its power supply in the next decade. That’s at…
Genesis Digital Assets, a leading digital miner, has partnered with YPF Luz, an Argentine power company, to receive power from a flare gas installation to operate a bitcoin mining site in Argentina. The data center facility, in the Bajo…