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Bitcoin Miners Face Increasing Costs After Halving
BTC mining costs increased after the recent halving. Average Bitcoin mining cost is currently 86,668 dollars. Bitcoin prices may exceed…
Bitdeer Introduces Energy-Efficient Bitcoin Mining Chip
Bitdeer unveils the Seal04 chip for its Sealminer product. The chip aims for 5 joules per terahash energy efficiency. Bitdeer…
Texas State Securities Board Issues Cease and Desist Order Against Arkbit Capital for Fraudulent Activities
Texas State Securities Board issued a cease and desist order against Arkbit Capital. Arkbit Capital falsely claimed to operate data…
Riot Platforms Prepares to Play a Key Role in Bitcoin Mining Consolidation
Riot aims to consolidate the Bitcoin mining sector. Riot recently acquired a 9.25% stake in Bitfarms. Bernstein recommends accelerating mergers…
Riot Platforms Offers to Acquire Bitfarms at a Premium
Riot Platforms proposes to acquire Bitfarms with a significant premium. Bitfarms is in a transition period, searching for a new…
Bitcoin Miners Spend Billions on Electricity in Early 2024
US Bitcoin miners spent $2.7 billion on electricity in early 2024. Mining 1 Bitcoin now requires 862,635.55 kWh, costing about…
Marathon Digital Partners with Kenya’s Ministry of Energy and Petroleum
Marathon Digital partners with Kenya's Ministry of Energy and Petroleum. Kenya generates over 80% of its electricity from renewable sources.…
Venezuela Cuts Off Crypto Mining Farms from National Grid
Venezuela disconnects all crypto mining farms from the national grid. The measure aims to control high energy demand and ensure…
Bitcoin Mining Firms Face Challenges After Halving Event
Bitcoin mining firms shut down unprofitable platforms post-halving, causing a hash rate decline. CoinShares predicts a temporary drop, with a…
Biden Signs Decree to Halt Crypto Mining Near Nuclear Base
President Biden signs order against crypto mining firm linked to China. The firm must divest properties near Wyoming's Francis E.…
Hut 8 Reports Significant Drop in Bitcoin Production
Hut 8's Bitcoin production fell by 36% in April. The drop coincided with the relocation of mining operations to Texas.…
Significant Developments Continue in the Cryptocurrency Market
Bitcoin mining profits dropped significantly in May. Halving event reduced mining rewards from 6.25 to 3.125 Bitcoin. Miners re-strategize operations…
US Officials Address Iran’s Crypto Concerns
US legislators express concerns over Iran's crypto use. Iran allegedly uses crypto to bypass sanctions and fund threats. Immediate action…
SEC Charges Texas Crypto Firm Geosyn in $5.6 Million Fraud Case
SEC accuses Geosyn and founders of defrauding investors. Allegedly, no mining machines were bought for previous investors. Founders misused $1.2…
Block Announces Development of a New Bitcoin Mining System
Block reveals plans for a Bitcoin mining system in response to challenges. CEO Jack Dorsey aims to decentralize Bitcoin mining…
Jack Dorsey Announces Advanced 3nm Bitcoin Mining Chip
Jack Dorsey introduces a groundbreaking 3nm Bitcoin mining chip. Designed with a leading global semiconductor foundry. Targets decentralized mining and…
Angola Bans Cryptocurrency Mining to Protect National Energy Supply
Angola's cryptocurrency mining ban draws global attention. The ban aims to protect the strained national power grid. Heavy penalties include…
Exploring the Impact of Bitcoin Halving on Mining Costs and AI Shifts
Bitcoin halving excites the crypto world, rewards to halve soon. CoinShares report updates on mining risks and opportunities. AI integration…
Exploring the Next Wave of Bitcoin Mining Strategies
Industry leaders discuss future Bitcoin mining and expansion strategies. Bitcoin's fourth halving event heats up discussions on unused potential. Experts…
Arkansas Advances Legislation to Restrict Crypto Mining
Arkansas State Assembly passes two bills potentially limiting crypto mining. Discussions continue on the extent and details of these legislative…
