Tag: Mining

GIGATONS, HEARST, and Alephium Unveil Groundbreaking Blockchain Project to Revolutionize Net-Zero Mining

PRESS RELEASE. GIGATONS, HEARST, and Alephium have unveiled a transformative, solar-powered Bitcoin Mining project with Verifiable on-chain Carbon Credits. As one of the first initiatives powered by the GIGATONS platform – a technology and funding platform aiming to mobilise $100BN to deliver gigatons of CO₂ reductions at speed and scale – this project combines green […] Source CryptoX Portal

The Man Who Made Bitcoin Mining Sexy Again

It was a transformational year for bitcoin miners, with a cohort of them plowing significant resources into running artificial intelligence (AI) data centers. None, however, have done it quite like Core Scientific (CORZ), which under CEO Adam Sullivan’s leadership emerged from bankruptcy in January and then proceeded to ink a multi-billion dollar megadeal with longtime business partner, AI hyperscaler CoreWeave. In fact, Sullivan’s company was the first miner to move into AI computation on a scale that brought investors’ much-needed attention back to the mining industry. Once Core was able…

The Michael Saylor of the Bitcoin Mining Industry

Under Fred Thiel’s leadership, MARA Holdings (MARA) — previously known as Marathon Digital Holdings — has become not only one of the largest bitcoin miners in the world but also the second-largest corporate owner of bitcoin, with about $3.9 billion worth on its balance sheet. Thiel joined the mining company in 2018 as a director and was appointed CEO in 2021. Since then, he has navigated through the bull market of 2021 and the subsequent brutal crypto winter. His company has been focused on a bitcoin-centric business model, while other…

From Energy Efficiency to Profitability: The Machines That Rule Bitcoin Mining

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With bitcoin prices trending higher compared to the previous month, miners are basking in the glow of increased earnings from block rewards. As 2025 draws nearer, it’s worth exploring the leading application-specific integrated circuit (ASIC) bitcoin miners available today and anticipating the new releases slated for next year. Hashing Powerhouses Bitcoin mining has undergone a […] Original

Bitfufu Launches Private-Label Mining Pool With Competitive Commission Rates

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

Bitcoin mining, TradFi and commodity trading

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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…

Smoke Leads to Discovery of Illegal Crypto Mining Setup at Poland’s University of Wrocław

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 Blockchain posts $3.4m mining revenue despite dip in Bitcoin output

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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…

Hive to Expand Bitcoin Mining Power With $60M Purchase

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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