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Stories published on Jun 7
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  • Stories published on Jun 7

Friday, Jun 7

12

Bitdeer introduces energy-efficient Bitcoin mining chip

cointelegraph.com

The chip will enhance Bitcoin mining performance, minimize power consumption, lower costs and reduce its environmental footprint.

02

Thursday, Jun 6

22

Bitcoin miner Core Scientific rejects $1B buyout offer

www.bizjournals.com

One of the biggest bitcoin miners in the country recently got an unsolicited buyout offer. In this story, we explore why the company declined the deal, as well as how it might evaluate other potential deals. We also explore the company's…

19

Bitcoin Mining Stock Iris Energy Is Trading Higher: What's Going On?

www.benzinga.com

Iris Energy Ltd (NASDAQ:IREN) stock is trading higher. The company on Thursday issued its monthly operations update.

05

Riot Platforms Stirs Up Bitcoin Mining Market, Increases Stake in Rival Bitfarms to 12%

www.benzinga.com

In a recent development, Bitcoin (CRYPTO: BTC) mining company Riot Platforms Inc. (NASDAQ:RIOT) has increased its stake in competitor Bitfarms Ltd. (NASDAQ:BITF) to 12%.

Wednesday, Jun 5

18

Largest Bitcoin mining firm sold 63% of mined BTC in May

cointelegraph.com

Marathon Digital sold a large chunk of its Bitcoin production in May as miners adjust operations after the halving event.

12

Bitcoin halving impacts miner Riot’s revenue by 43% despite new facility

cointelegraph.com

To keep up with the declining Bitcoin rewards, Riot Platforms opened a new mining facility near Corsicana, Texas.

Tuesday, Jun 4

20

3 Bitcoin Mining Pools Wield 69% of Total Hashrate Discovering 301 Blocks in 72 Hours

news.bitcoin.com

Figures reveal that over the preceding 72 hours, three bitcoin mining pools discovered more than 69% of the 436 blocks found during that period. Foundry USA and Antpool, two industry titans, command a formidable 55.5% of Bitcoin’s total…

18

What's Going On With Bitcoin Mining Stock Riot Platforms Tuesday?

www.benzinga.com

Shares of Bitcoin (CRYPTO: BTC) miner Riot Platforms Inc (NASDAQ:RIOT) on Tuesday provided a production and operations update.

08

AI And Bitcoin Mining: What Core Scientific's Unexpected Partnership With Nvidia-Backed AI Firm Coreweave Tells Us

www.benzinga.com

Bitcoin (CRYPTO: BTC) miners are investing millions into artificial intelligence (AI) businesses, expecting billions in return as they diversify their operations.

07

Bitfarms Sees 42% Revenue Drop in May Post-Bitcoin Halving

news.bitcoin.com

Bitfarms, a Bitcoin mining firm, reported a 42% drop in crypto mining revenue in May, the first full month following the Bitcoin halving in mid-April, which reduced their Bitcoin production from 263 BTC in April to 156 BTC in May. The…

02

Halving full effect: Bitfarms crypto mining revenue falls 42% in May

cointelegraph.com

The Bitcoin mining firm also blamed “unusually cold temperatures” at its Rio Cuarto facility in Argentina for the fall in Bitcoin production.

Monday, Jun 3

17

Bitcoin Mining Power Wanes — Network Hashrate Drops Below 600 EH/s

news.bitcoin.com

Bitcoin’s hashrate has once again dipped below the 600 exahash per second (EH/s) threshold, following a brief increase in computational power on May 26. Since then, the seven-day simple moving average (SMA) shows that the network has…

04

Latam Insights: Paraguay Shuts Down Largest Illegal Bitcoin Mining Farm to Date, Argentina and El Salvador Discuss Bitcoin

news.bitcoin.com

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay shut down the largest illegal bitcoin mining operation to date, Argentine and Salvadoran…

Friday, May 31

18

Is It Time To Buy Bitcoin Mining Stocks?

www.benzinga.com

The Bitcoin mining sector may present a promising investment opportunity despite the challenges posed by the recent Bitcoin halving, a recent 10x Research newsletter suggested.

15

Paraguayan Authorities Shut Down 2,700 Miners in Largest Anti-Illegal Bitcoin Mining Intervention to Date

news.bitcoin.com

Paraguayan authorities detected and shut down an illegal bitcoin mining farm that had over 2,700 miners connected directly to the country’s power grid. The operation, carried out in the city of Saltos de Guaira and situated near a national…

Thursday, May 30

Jack Dorsey-backed Bitcoin mining pool opens headquarters in El Salvador

cointelegraph.com

Launched in late 2024, Ocean Mining has now established an international hub and headquarters in El Salvador’s capital city, San Salvador.

10

Jack Dorsey-Backed Bitcoin Mining Pool Ocean Establishes Global Hub in El Salvador

news.bitcoin.com

Ocean, a Bitcoin mining pool backed by Jack Dorsey, announced the launch of an international hub in El Salvador through a new entity. Ocean Mining S.A. de C.V., headquartered in San Salvador, will “continue the advancement of…

Wednesday, May 29

06

Luxor and Bitnomial launch Bitcoin mining derivatives product

cointelegraph.com

The new crypto derivatives product allows investors to speculate on future hashrates and hashprices.

Tuesday, May 28

19

$2.7B worth of electricity spent on US Bitcoin mining in 2024 — analyst

cointelegraph.com

Miners' profitability were slashed after the Bitcoin Halving event in April dropped rewards from 6.25 BTC to 3.125 BTC per block.