Still, hostile M&A can be tricky, the report cautioned, and such deals are unusual in technology and financial services business which rely on the talent of people. “However, bitcoin mining is very different where physical facilities with access to electricity and widely available computing equipment are the core assets.” Source
Nine Bitcoin mining companies have suspended their operations after the power fee hikes affecting high-consumption customers in Paraguay. According to data provided by the National Power Administration of Paraguay (ANDE), these companies had their service terminated due to the interruption of their payments, or just because they did not want to continue operating. Power Fee […] Original
In the last three days, Foundry USA and Antpool have emerged as the leading forces in bitcoin mining, together controlling a whopping 56.7% of the network’s total hashrate. Since the year began, Foundry’s hashrate has climbed by about 75 exahash per second (EH/s), marking a significant increase. Foundry USA and Antpool Control Well Over Half […] Original
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. GoMining presents a new solution for Bitcoin mining challenges post-halving, offering a user-friendly approach that makes mining more accessible and profitable for all. Bitcoin Halving was the focal point of the first half of the year with many predicting monumental changes following the event. Analysts, experts and crypto gurus predicted surges and plunges for not just Bitcoin (BTC) but every major and minor coin in the market. However, for…
The National Power Administration of Paraguay (ANDE) has recently detected and seized an illegal bitcoin mining operation hosting 693 miners. ANDE inspectors detected a tampered meter that failed to register all the energy consumed by the equipment connected to the power grid. The detection was carried out using SCADA systems. Paraguay Keeps Chasing Illegal Bitcoin […] Original
JPMorgan cut its CleanSpark (CLSK) price target to $10.50 from $12.50 while maintaining its neutral rating on the shares. It reduced the Iren (IREN) price target to $9.50 from $11 and kept its overweight rating. Underweight-rated Marathon Digital’s (MARA) price objective was lowered to $12 from $14, and overweight-rated Riot Platforms’ (RIOT) price objective was trimmed to $9.50 from $12. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Discover the top 6 cloud mining platforms of 2024 and choose secure, user-friendly options to start generating passive income from cryptocurrency mining. In 2024, cloud mining is evolving, offering unprecedented access to profitability for both seasoned investors and curious newcomers. For all the newcomers out there: Cloud mining allows individuals to mine cryptocurrencies by renting mining power from companies that own and operate the required equipment. Instead of investing…
On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms’ energy portfolio in the U.S. and integrate power generation capabilities […] Original
While Bitcoin is widely recognized as a proof-of-work (PoW) network, it’s not necessarily the most profitable PoW asset to mine. With Bitcoin’s hashprice being relatively low, miners have been increasingly turning their attention to mining alephium (ALPH) and kaspa (KAS). These two digital currencies currently offer the highest profitability for miners, according to the latest […] Original
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