Mining
Mining
Mining
American Bitcoin plunged 50% during a crypto rally, exposing a fatal flaw in the “Trump proxy” trade
Bitcoin (BTC) clawed back from $86,286 on Dec. 2 to $93,324 as of press time, up by 8%, while the Trump family’s American Bitcoin (ABTC) shares tumbled. The BTC price increase can be attributed to […]
Mining
IREN Shares Recover Following Decline Induced by $3.6B Raise
Shares in IREN recovered on Wednesday after the Bitcoin miner said it would raise $3.6 billion through a combination of share sales and a convertible debt offering as it races to deploy computers to meet […]
Mining
A US crackdown on Bitmain will leave miners scrambling as repair lines and deliveries seize up
The US government has opened a security review into Bitmain, the Beijing-based manufacturer that sells most of the world’s Bitcoin mining rigs. A months-long federal investigation, known internally as Operation Red Sunset, has been probing […]
Mining
Mining
Bitcoin is redrawing where cities and data centers rise as it competes for wasted energy, not cheap labor
For two centuries, factories chased cheap hands and dense ports. Today, miners roll into windy plateaus and hydro spillways, asking a simpler question: where are the cheapest wasted watts? When computing can move to energy […]
Mining
Fire Breaks Out at Greenidge New York Facility, Forcing it Offline
Greenidge Generation Holdings, a Bitcoin (BTC) mining company, disclosed that a fire broke out at its mining facility in Dresden, New York, where it co-hosts operations with mining company NYDIG. The fire broke out on […]
Mining
Mining
Bitcoin mining resilience hides an industry in distress
Bitcoin’s hashrate is near record levels, yet miner revenue per unit of compute has fallen to record lows, pushing the network into a ‘high-security, low-profitability’ phase. While the network’s hashrate has pinned itself above the […]
