Bankrupt BlockFi plans to sell $160M Bitcoin mining hardware loans
BlockFi filed for Chapter 11 bankruptcy in November 2022 citing exposure to the just collapsed FTX. The plan to sell off the loans backed by Bitcoin mining machines is part of the bankruptcy proceedings. Bidders have until before the end of January to submit offers. About two months after BlockFi filed for Chapter 11 bankruptcy, […]
Argo’s mining revenue fell nearly 28% in December 2022
Argo Blockchain mined 147 bitcoins in December 2022, down from 198 in November. Mining revenue was $2.49 million, compared to $3.46 million during the previous month. Argo sold its Helios facility to Galaxy Digital for $65 million as it looked to avoid nose-diving into bankruptcy. Argo Blockchain, a leading Bitcoin miner that endured a terrible […]
Bitcoin dips by 2% today as mining difficulty falls by 7.2%
Bitcoin is trading below $17k once again after losing roughly 2% of its value today. Bitcoin mining difficulty is down 7.2%, the biggest drop in more than a year. The total crypto market cap is also down by nearly 2% in the last 24 hours. Bitcoin mining difficulty dips by 7.2% Bitcoin, the world’s leading […]
Eco-friendly Bitcoin mining pool PEGA will launch in 2023
PEGA Pool is set to launch next year and will become the first eco-friendly Bitcoin mining pool in the world. PEGA Mining is focused on reducing the environmental effects of Bitcoin mining. Clients that join the “Early Access” waiting list would benefit from a permanent 50% reduction in pool fees. PEGA Pool will become the […]