The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a company that…
Iris Energy Ltd (NASDAQ:IREN) shares are trading higher Tuesday after the company on Monday provided a business update and announced that its 2024 expansion is fully funded.
Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a…
Iris Energy Limited (NASDAQ:IREN), a prominent data center company, announced on Tuesday that it has secured $413 million to fuel its Bitcoin (CRYPTO: BTC) mining expansion.
Bitcoin, a groundbreaking digital currency, has garnered global attention for its financial opportunities and intricate security implications. Understanding advanced security measures becomes paramount as more individuals turn to Bitcoin…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentina reached zero inflation in food and beverages in June, the Central Bank of Bolivia unbans…
Bitcoin is up more than 2% over the last 24 hours, bouncing back a bit after falling approximately 10% over the last month. The move higher appears to be driving strength in the broader crypto space and in crypto-related stocks.
National Power Administration (ANDE) employees have been accused of participating directly in setting up illegal bitcoin mining farms in Paraguay. According to local sources, seven engineers of the institution would have been installing…
The Bitcoin mining industry has come a long way since the days when block rewards were 25 or even 50 BTC, and individuals had a high chance of success using just a single PC to solve blockchain “puzzles.” Today, the competition to mine the…
Bitdeer Technologies Group has signed a lease agreement with the Monroe County Port Authority to secure an additional 570 megawatts (MW) of power capacity. This expansion brings Bitdeer’s total global capacity to 2.5 gigawatts (GW).…
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.