Swan Bitcoin halts IPO plans and shuts down mining operations
Swan Bitcoin delays IPO plans due to shutdown of its mining operations. CEO cites reduced revenue from mining as reason for halting IPO efforts. Mining sector faces challenges, with firms like Bitfarms and Northern Data adapting. Swan Bitcoin, a financial services firm specializing in Bitcoin investments, has announced a significant strategic shift. Cory Klippsten, the […]
Core Scientific the first buyer of Block’s 3nm Bitcoin mining ASICs
Core Scientific buys Block’s 3nm Bitcoin ASICs in a major deal between the two companies. The deal boosts Core Scientific’s hash rate by 60%, enhancing efficiency and profitability. The deal between Block and Core Scientific aims to redefine Bitcoin mining standards, leveraging advanced ASICs. Jack Dorsey’s financial services company Block has finalized a major deal […]
SEC Bitcoin miner Geosyn Mining for fraud; Bitbot presale nears $3M
SEC sues Geosyn Mining and co-founders for misappropriated funds and misleading investors. Bitbot revolutionizes crypto trading with a non-custodial Telegram bot. The $BITBOT presale nears $3M presale with the token poised to rise from the current $0.0171 to $0.018. The Securities and Exchange Commission (SEC) has filed charges against Bitcoin miner Geosyn Mining, LLC, and […]
SEC sues Bitcoin miner Geosyn Mining for fraud; Bitbot presale nears $3M
SEC sues Geosyn Mining and co-founders for misappropriated funds and misleading investors. Bitbot revolutionizes crypto trading with a non-custodial Telegram bot. The $BITBOT presale nears $3M presale with the token poised to rise from the current $0.0171 to $0.018. The Securities and Exchange Commission (SEC) has filed charges against Bitcoin miner Geosyn Mining, LLC, and […]
Bitfarms mines less BTC in March despite expanding its mining Fleet
Bitfarms mined 286 BTC in March, down from 300 in February. Bitfarms’ fleet upgrade aims for 21 EH/s and 21w/TH efficiency. Bitfarms sold 284 BTC increasing treasury holdings to 806 BTC. Bitfarms Ltd. (BITF), a prominent global Bitcoin mining company, experienced a slight dip in its Bitcoin (BTC) production for the month of March 2024, […]
Riot Platforms and Texas Blockchain Council challenge EIA’s Bitcoin Mining data demands
TBC and Riot Platforms sue EIA over Bitcoin data demands, alleging intrusion. Senator Warren’s involvement is seen as part of a broader political strategy. Bitcoin mining faces scrutiny for energy consumption, environmental impact. In a bold move against the US Energy Information Administration (EIA), the Texas Blockchain Council (TBC) and crypto miner Riot Platforms have […]
Ocean Mining denies censorship allegations amidst Bitcoin transaction controversy
Bitcoin wallet provider Samourai Wallet accuses Ocean mining pool of censoring transactions. Ocen Mining was specifically accused of censoring Whirlpool CoinJoin and BIP47 notification transactions. Ocean’s founder, Luke Dashjr, denies intentional censorship, attributing the issue to a bug in Samourai Wallet’s software. In a recent twist within the cryptocurrency space, one of the Bitcoin wallet […]
Bitfarms reports a 7.3% increase in its monthly mining output
Bitfarms produced 411 bitcoins last month and sold 362. The Canadian miner is still lagging behind last year’s figures. Bitfarms stock is currently down 40% versus its recent high. Bitfarms Ltd says its mining output popped 7.3% in September as it continued to install new miners and “fully energised” its facility in Rio Cuarto to […]
CleanSpark to acquire two Bitcoin mining campuses for $9.3M
CleanSpark will complete the $9.3 million all-cash deal for the two turnkey Bitcoin mining facilities this week. The facilities in Dalton, Georgia, will host 6,000 Antminer S19 XPs and S19J Pro+ rigs. CleanSpark CEO Zach Bradford says the deal puts the miner on track to reach its year-end hashrate target of 16 EH/s CleanSpark (NASDAQ: […]
Bitcoin mining stocks are far riskier than Bitcoin itself
Key Takeaways Bitcoin mining stocks have underperformed Bitcoin heavily over the last year Greater competition among miners and higher amounts of energy required means margins are thinner Rising electricity costs and lower value of Bitcoin have also hurt miners immensely Greater number of variables beyond merely the price of Bitcoin means mining stocks have been […]