Crypto Mining Surge and Erratic Weather Strain Laos’ Power Grid
A report released on May 16 highlights how increased electricity consumption due to crypto mining and inconsistent rainfall have led...
Mining
Tether partners with Swan to expand Bitcoin mining operations
Stablecoin issuer Tether has expanded its mining endeavors by collaborating with Swan’s Managed Bitcoin Mining service.According to the press statement,...
Bitcoin Miner Bitfarms Enhances Paraguay Facility With New 100 MW Hydropower Deal
On Tuesday, bitcoin mining company Bitfarms, listed on the Nasdaq and Toronto Stock Exchange (TSX), announced it has secured an...
Core Scientific reports $210.7 million in Q1 net income, 2,825 BTC production
Core Scientific reported a $210.7 million net income for the first quarter on May 8. The change represents an increase...
Bitcoin Network Adjusts to Lower Fees and Reduced Hashrate After Latest Halving
Based on the three-day simple moving average, Bitcoin’s hashrate has continued its downward trend, registering at about 550 exahash per...
Marathon reports record $337.2 million net income in Q1 2024
Marathon Digital Holdings reported a record net income of $337.2 million in 2024’s first quarter.The firm’s quarterly net income, published...
Hut 8’s Bitcoin Mining Output Drops 36% to 148 BTC in April
North American bitcoin miner, Hut 8, said it mined 148 bitcoins, or 36% coins less in April than it did...
Marathon Digital boosts Bitcoin production by 21% YoY in April, defies halving challenges
Marathon Digital reported a significant year-on-year surge in its Bitcoin production last month, defying expectations surrounding the halving event.Bitcoin production...
Tether CTO clarifies rumors around photo of a container with the ‘Tether Energy’ logo
Paolo Ardoino, the CTO of Tether, posted a picture of large industrial containers sporting the logo of Tether Energy on...
Historic Bitcoin mining revenue fails to offset Canaan Q2 financial loss
Bitcoin (BTC) miner Canaan‘s second-quarter financial report showed that the firm operated at a loss during the reporting period despite...
Riot Platforms power strategy reaps $31.7M in Texas energy credits
Continuing its strategic shift aimed at mitigating losses, Riot Platforms, a prominent Bitcoin miner, continues to capitalize on Texas’s energy...
Cambridge Bitcoin Energy Consumption Index lowers estimate by 14%, revises methodology
The Cambridge Bitcoin Electricity Consumption Index (CBECI), which tracks global Bitcoin energy consumption, has undergone its first major update since...
Starfield Mining Guide – THE RIGHT WAY!
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US Bitcoin Corp to host 8,500 of Celsius’ mining rigs as part of asset management deal
Data center operator US Bitcoin Corp (USBTC) will host 8,500 Bitcoin (BTC) miners with an estimated hashrate of 820 petahash...
Beginners Guide to Starfield Outposts and Automation
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POW COIN NEWS- The current state of KASPA mining
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Lufthansa Airlines Debut NFT Loyalty Program on Polygon
One of the biggest airlines, Lufthansa, has recently announced the launch of its dedicated NFT loyalty program. It will reward...
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