Cleanspark Inc. has completed the acquisition of its first bitcoin (BTC) mining site in Wyoming and secured 75 megawatts (MW) of power contracts. The Las Vegas-based company plans to add over 2 exahash per second (EH/s) to its mining capacity through a 30 MW immersion-cooled data center expected to be operational by the end of […] Original
Bitcoin miner Riot Platforms’ stock is a buy due to its significant organic growth opportunities, H.C. Wainwright analyst Mike Colonnese said in a note. The Riot Platforms stock is down 34% year-to-date amid a broader correction for Bitcoin (BTC) and altcoins that also has crypto stocks down. But in a research note shared with crypto.news, Colonnese argues for the bitcoing mining stock to see further growth as it eyes expansion. He has reiterated a buy rating for RIOT with a $17 price target. Riot’s financial results Riot released its second…
The Bitcoin network has recently experienced its most significant difficulty adjustment since October 2022, with a 10.5% increase driving the metric to a record 90.67 trillion. This heightened challenge, combined with falling bitcoin prices, is intensifying the strain on miners. Miners Struggle as Bitcoin Difficulty Reaches New Peak On Wednesday, at block height 854,784, Bitcoin’s […] Original
“The Bank of Russia will be able to conduct not one, but three experiments from September 1 of this year: on the use of cryptocurrency for settlements in foreign trade, on the conduct of exchange trading in cryptocurrency, and on the creation of an electronic platform for operations with cryptocurrency based on the NPS,” a separate Ria Novosti report said. Source
This week, the open-source bitcoin explorer and onchain parser, mempool.space, unveiled its new bitcoin transaction accelerator. The team shared on X that it has collaborated with several major mining pools that contribute significantly to the network’s overall hashrate. Mempool.space and Several Mining Pools Launch Bitcoin Transaction Accelerator In the past few days, the average BTC […] Original
Institutional developments and remarks from Nashville cast a more bullish outlook for Bitcoin and BTC mining than before, says H.C. Wainwright & Co analysts. Bullish catalysts have lined up for Bitcoin (BTC) and the BTC mining industry as the U.S. may be poised to adopt the leading cryptocurrency nationally, HWC analyst Mike Colonnesse wrote in a weekly report on July 30. Republican candidate and former President Donald Trump outlined his crypto approach at the Bitcoin 2024 conference, including plans to create a government reserve with around $12 billion in BTC. …
This week’s crypto funding highlights include investments in web3 gaming, Ethereum scaling, Bitcoin infrastructure and decentralized AI. Riot Platforms takes over Block Mining Our funding roundup starts with a takeover. On July 24, Bitcoin (BTC) mining firm Riot Platforms said it had acquired Block Mining, a Kentucky-based Bitcoin miner, in a $92.5 million deal. According to Riot, this acquisition could potentially increase its operational capacity by 60 megawatts, with plans to expand to 110 MW by the end of 2024. Riot paid $18.5 million in cash and $74 million in…
Bitcoin mining behemoth, Marathon Digital has made headlines by investing a staggering $100 million in BTC. This substantial investment comes despite BTC’s previous price drops, underscoring the mining giant’s confidence in the long term potential of the pioneer cryptocurrency. MARA Buys $100 Million Worth Of BTC In a press release published on Thursday, July 25, MARA, (recently rebranded from Marathon Digital) announced that it has purchased an additional $100 million worth of BTC. This substantial Bitcoin investment marks a significant increase in MARA’s already impressive Bitcoin holdings. Related Reading MARA’s…
Russia’s State Duma has advanced a bill to regulate cryptocurrency mining, aiming to curb illegal activities and promote investment and employment. Proposed by the chairman of the Duma Committee on Financial Markets and supported by key deputies, the bill mandates strict guidelines for miners, including registration and government oversight. If passed, the law will take […] Source
Hive Digital, a public green bitcoin mining company, announced plans to build a 100MW site in Paraguay, having connected with President Santiago Peña and his cabinet. Hive stated that stability in government fiscal policies, such as energy pricing and taxation, will be a key factor in the expansion and completion of these plans, likely referring […] Original