Tag: Mining

Cipher Mining Soars on $5.5 billion Amazon Partnership Amid AI Push

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Bitcoin mining company Cipher Mining surged more than 32% after revealing a new 15-year deal with tech giant Amazon, adding to a wave of partnerships between major technology companies and crypto miners. The 15-year lease agreement with Amazon Web Services, valued at $5.5 billion, requires Cipher to provide turnkey space and power for AI workloads in two phases, starting in July and August next year, the Bitcoin (BTC) miner announced on Monday. Cipher Mining also posted a significantly narrowed net loss of $3 million and a rise in adjusted earnings…

Bitcoin mining hashrate hits record in October, profits lag

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Bitcoin reached a record in computing power, but rising block difficulty continues to hurt miners’ profits. Summary Bitcoin mining hashrate reached a record 1.13 Zh/s in October. Geographically, this expansion was driven by Kazakhstan and the Middle East Still, mining profitability fell 7% due to increasing block difficulty Bitcoin miners found themselves under pressure from all sides in October. The sector posted a record 1.13 Zh/s hashrate in October, which indicates increased participation in Bitcoin mining. Still, increased mining difficulty, rising energy prices, and record $19B in liquidations cut into…

Cipher Mining Seals 15-Year Deal With Amazon for 300MW Data Center

Cipher Mining Inc. has signed a 15-year data center campus lease with Amazon Web Services (AWS) to supply 300 megawatts of capacity for artificial intelligence (AI) workloads, marking one of its largest high-performance computing (HPC) initiatives to date. Cipher Mining’s $5.5B AWS Lease Anchors AI Hosting Expansion Bitcoin miner and HPC provider, Cipher Mining Inc. […] Source CryptoX Portal

Microsoft Signs $9.7B AI Cloud Deal With Bitcoin Mining Stalwart

Microsoft today said it had signed a $9.7 billion purchase agreement for AI cloud capacity from bitcoin miner-turned-neocloud company IREN. The move marked one of the biggest commercial validations yet for the upcoming neocloud sector — referring to a group of data center firms that evolved from bitcoin mining into artificial intelligence infrastructure. Under the five-year contract, Microsoft will gain access to Nvidia GB300-based AI systems hosted in Texas. IREN, formerly known for its large-scale Bitcoin mining operations, will buy $5.8 billion worth of GPUs from Dell Technologies and expects…

UAE’s second largest telecom provider Du launches Bitcoin cloud mining service

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UAE residents can now mine Bitcoin without owning hardware, as telecom operator du launches its first-ever Bitcoin cloud mining platform, “Cloud Miner.” Summary Users can rent computational power via an online auction (Nov 3–9), receiving 250 TH/s for 24 months, with earnings automatically credited to their wallets. The launch at Burj Khalifa marks the first time a UAE telecom has entered Bitcoin mining, reflecting the country’s push for mainstream digital asset adoption. du launches UAE’s first cloud Bitcoin mining platform UAE’s second largest telecom operator du has launched a Bitcoin (BTC)…

UAE Telecom Giant du Enters Crypto Mining

Key Notes Telecom company du has launched a cloud miner in the UAE. The contracts reportedly begin at 250 TH/s. The first auction for these contracts runs from November 3 – 9. The UAE-based telecom giant du has launched its “Cloud Miner,” a mining-as-a-service platform, which will take care of hardware, electricity, and maintenance for its customers. According to a report by The National, du’s Cloud Miner allows UAE residents to subscribe to crypto-mining capacity instead of buying hardware. This lowers the barrier for everyday users to participate in crypto…

Canaan’s 4.5 MW Bitcoin Mining Servers Aim to Stabilize Japan’s Power Grid

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Canaan revealed it has inked a 4.5-megawatt deal to deploy its Avalon A1566HA hydro-cooled mining servers in Japan to help balance and stabilize the nation’s power grid. Canaan’s Avalon Systems to Power Japan’s Sustainable Energy Effort The Singapore-headquartered company, Canaan Inc. (Nasdaq: CAN), said the project will support grid reliability by dynamically adjusting frequency, voltage, […] Original

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New Hampshire delays crypto mining deregulation bill amid public concerns

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A vote from the Senate Commerce Committee on a bill aimed at deregulating crypto mining in New Hampshire was split on Thursday, after senators reported public feedback on the bill had surged since it was last debated. After being deadlocked twice, once on advancing the bill and again on rejecting it, the committee ultimately voted 4–2 to send the measure for further review in interim study, as first reported by the New Hampshire Bulletin. House Bill 639 would prevent municipalities from creating restrictions on crypto mining, such as rules around…