News with the tag "mining rigs"

The registered crypto trading firm allegedly stole “hundreds of millions of baht” from electricity providers, coming out to at least $2.88 million.

Europe’s largest telecommunications provider plans to mine Bitcoin using surplus energy from renewable sources, which would otherwise remain unused.

Bitcoin mining rig manufacturer Bitmain has just rolled out two new rigs, boasting a hashrate of up to 216 terahash per second (TH/s) for their air-cooled model and 319 TH/s for the hydro-cooled version. Bitmain Releases New Air and Hydro-Cooled Bitcoin Mining Rigs The Chinese application-specific i...

Bitcoin’s hashrate has been climbing steadily, closing in on its peak of 693 exahash per second (EH/s) recorded on Sept. 8. At present, it’s cruising just shy of that record, clocking in at 680 EH/s. Block times have been quicker than the typical ten-minute average, and as we approach Oct. 9, the ne...

Thai authorities successfully raided an illegal bitcoin mining operation in Ratchaburi on August 23. The raid came after residents reported frequent power outages. The bitcoin mining operation was found to be consuming electricity that the occupants of the house were not fully paying for. Bitcoin Mi...

While Bitcoin is widely recognized as a proof-of-work (PoW) network, it’s not necessarily the most profitable PoW asset to mine. With Bitcoin’s hashprice being relatively low, miners have been increasingly turning their attention to mining alephium (ALPH) and kaspa (KAS). These two digital currencie...

Bitdeer Technologies Group’s stock price dropped to $6.33 after it announced a senior convertible notes offering.

Bitcoin miner TeraWulf mined 699 Bitcoin in Q2 — a 21% year-over-year decline — but still beat analyst expectations with $35.6 million in quarterly revenue.

According to insights from a graph shared by mining giant F2Pool, most Bitcoin mining rigs are now unprofitable and only about five mining rigs are still recording gains from their operators. Bitcoin has dropped below the 200-day Simple Moving Average (SMA). Usually, when the market trades below the...

The Bitcoin halving event is sparking a major shift in the mining industry, and the stakes couldn’t be higher. Luxor’s eye-opening analysis predicts a whopping 600,000 S19 bitcoin rigs packing their bags and heading for greener pastures. The mass exodus from the U.S. to energy-affordable locales lik...