In a significant expansion move, Cleanspark, a leading U.S. bitcoin mining company, has announced the acquisition of its rival firm Griid for $155 million. This strategic all-stock transaction aims to enhance Cleanspark’s mining capacity,…
Griid Infrastructure Inc. (NASDAQ:GRDI) shares are trading lower after it inked a definitive merger deal with CleanSpark, Inc. (NASDAQ:CLSK) for a total enterprise value, including payment and assumption of debt, of $155 million.
Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Mr. Zhibing (Tony) Li is…
Marathon is looking to “capitalize on higher margins” possible with Kaspa mining — but one executive stressed the firm is in no way “pivoting” from its main focus, Bitcoin.
Ratchaburi: Authorities uncovered a clandestine bitcoin mining operation in Photharam district on Wednesday after the local Electricity Generating Authority of Thailand (Egat) office detected irregular patterns of power consumption at a…
BiXBiT and Cormint's new custom firmware dramatically enhances Bitcoin mining efficiency. The pilot program reduced switching losses by 60%, significantly increasing revenue. Their collaboration earned top performance ratings by ERCOT,…
Bruno Vaccotti, Head of Public Affairs of Penguin, a bitcoin mining company, has referred to the existence of what he called “vulture contracts,” and its effects on developing mining operations in Paraguay. Vaccotti stated that large…
Riot Platforms Inc. (NASDAQ:RIOT) has initiated a special shareholder meeting at Bitfarms Ltd. (NASDAQ:BITF), aiming to secure votes for three new board members as part of its strategy to acquire the competing Bitcoin (CRYPTO: BTC) mining…
Hut 8 Corp (NASDAQ:HUT) shares are rising Monday while other Bitcoin (CRYPTO: BTC) mining stocks fall alongside the price of bitcoin. Hut 8 on Monday announced a $150 million strategic investment to build a next generation AI…
Bitcoin mining company Marathon Digital Holdings (NASDAQ:MARA) is making waves with a novel environmental initiative – launch of a 2-megawatt pilot project in Finland, that leverages the heat generated by Bitcoin (CRYPTO: BTC) mining to…
Bitcoin is down about 4.5% over the last 24 hours and has fallen approximately 6.5% over the last week, driving weakness in the broader crypto space and in crypto-related stocks. Miner bitcoin holdings have fallen to their lowest levels in…
In 2024, Bitcoin transaction fees have stayed relatively low, particularly since the April Bitcoin halving, which reduced the BTC mining reward by half.
Foundry Digital LLC has launched a new suite of products aimed at enhancing institutional bitcoin mining operations. Dubbed Foundry Hardware, this initiative introduces specialized equipment designed to improve mining system efficiencies…
As Bitcoin enters a new cycle following the halving event in April 2024, the landscape of Bitcoin mining continues to evolve. Mining plays a crucial role in maintaining the sustainability of the Bitcoin ecosystem, yet the industry has…