Bitfufu, a cryptocurrency mining service provider, announced the launch of Bitfufu Pool, a private-label mining pool offering commission rates starting at 0.4%. Bitfufu Expands Services With Low-Commission Bitcoin Mining Pool The service, set to roll out next week, will be accessible via the Bitfufu app and is exclusively focused on Bitcoin mining. The company, Bitfufu […] Source CryptoX Portal
Tether CEO Paolo Ardoino reveals some of the stablecoin firm’s recent investments in a variety of sectors, ranging from Bitcoin mining, TradFi to payments for commodity trades. During ann interview at the Emergence Conference in Prague on Dec. 5, Paolo Ardoino stated that Tether (USDT) has made more than $13 billion in profits. Tether currently has more than $135 billion in market cap and more than $6 billion in additional excess equity. Those funds are used to expand on Tether’s ever-growing stablecoin investment portfolio. “When the stable coin and the…
A hidden cryptocurrency mining operation was discovered in the basement of the University of Wrocław, according to police spokesman Wojciech Jabłoński, as reported by tvpworld.com. Covert Mining Operation Sparks Investigation at the University of Wrocław The operation was reportedly uncovered after smoke emerged from ventilation ducts at the university’s law department. Jabłoński explained that the […] Source CryptoX Portal
Argo mined 39 BTC in November, generating $3.4 million in revenue despite a production drop from October. Bitcoin (BTC) mining firm Argo Blockchain has released its November production update, showcasing an increase in revenue despite a decline in Bitcoin mining. In a Dec. 4 press release, the firm revealed it had mined 39 BTC in November, a decrease from the 46 BTC produced in October, reflecting a drop in daily output from 1.5 BTC to 1.3 BTC. Despite producing fewer Bitcoins, the London-headquartered crypto mining firm reported $3.4 million in…
The investment is expected to help the firm top $300 million in revenue and produce 2% of the Bitcoin network’s total hashrate. Competition Among Miners Intensifies as Bitcoin Inches Towards $100K Canadian-based Bitcoin mining firm Hive Digital Technologies (Nasdaq: HIVE) has purchased 13,480 mining units from Chinese-based manufacturer Bitmain with an option to purchase 13,480 […] Original
MARA Holdings, formerly Marathon Digital, has announced plans to acquire a wind farm in Hansford County, Texas, to power its sustainable Bitcoin mining data center. The wind farm, with 240 megawatts of interconnection capacity and 114 MW of operational wind generation, will allow MARA to create a vertically integrated operation with zero-marginal energy costs, according to a company press release. The deal represents a strategic shift for MARA as it aims to integrate renewable energy into its mining operations, which require substantial computational power. Mining involves solving complex mathematical problems…
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Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this issue, a Strategic Bitcoin Reserve bill gets introduced in Brazil, Bukele hints at renting volcanos for bitcoin mining, and Vaneck highlights Bukele’s work in El Salvador. Brazil Introduces Bill to Establish Strategic […] Original
Bitcoin miners had plenty to smile about in November, as their revenue received a significant boost thanks to a price climb, hitting levels not seen since April. Bitcoin Miners Celebrate $1.21B November Payout as Hashrate Soars Bitcoin miners saw brighter days in November, enjoying a substantial boost in earnings compared to October, thanks to a […] Original
A deep dive into Hut 8 Mining, uncovering its often overlooked business sectors. Understand its financial performance, strategic initiatives and HPC/AI developments. The following guest post comes from Bitcoinminingstock.io, providing comprehensive data, in-depth research, and analyses on Bitcoin mining stocks. Originally published on Nov. 29, 2024, it was penned by Bitcoinminingstock.io author Cindy Feng. The […] Source CryptoX Portal