Chinese tech firms are rushing to stockpile Samsung’s high bandwidth memory (HBM) chips that power AI systems before they are affected by US restrictions. The US reportedly seeks to sanction the sale…
Bitcoin (BTC) mining is consuming less power today than it did at the end of July this year. According to Digiconomist, mining consumed 115.21 TWh (Terawatt hours) of power at press time, representing…
In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of low onchain…
Foundry USA and Antpool now have more than 60% Bitcoin hash rate, which increases the problem of centralization in the Bitcoin network. Centralization of mining power introduces the threat of a 51%…
Ionic Digital, the bitcoin miner that bought bankrupt crypto lender Celsius' mining assets, has delayed a plan to go public after losing its CEO and auditor. Former CEO Matt Prusak told the company in…
After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the subsequent…
Russian President Vladimir Putin has officially signed a law that legalizes cryptocurrency mining in Russia. According to a report by Russian news agency TASS, the law introduces several key concepts,…
Publicly traded on Wall Street and the London Stock Exchange (LSE), Bitcoin (BTC) miner Argo Blockchain presented today (Monday) its latest report on cryptocurrency production for the month of July.…
On Aug. 7, 2024, bitcoin’s price moved within a 24-hour range between $55,742 and $57,607. This lower price bracket has significantly reduced bitcoin mining revenue, causing the estimated daily value…
Despite Bitcoin's (BTC) mixed summer performance, one of Wall Street's largest cryptocurrency miners managed to increase production. Riot Platforms (NASDAQ: RIOT) reported in its latest report a 45%…