JPMorgan analysts have issued a warning to the cryptocurrency mining industry, stating that it is facing one of its most challenging operating environments in recent years. The report […]
Tether Ditches Bitcoin Mining Operations in Uruguay Over High Energy Costs
Tether has shut down its Bitcoin mining operations in Uruguay, citing escalating energy costs and regulatory hurdles. This decision follows the company’s failed negotiations with UTE regarding their […]
Tether Halts Bitcoin Mining in Uruguay Due to Energy Disputes
Tether has ceased its Bitcoin mining operations in Uruguay, leading to job losses and a significant impact on the local workforce. The decision is driven by unresolved energy […]
Greenidge Power Plant Offline After Electrical Fire Sparks
Greenidge Generation’s Dresden, New York, facility went offline on November 23rd after an electrical switchgear malfunction ignited a fire. The company reported the incident to regulators and disclosed […]
Bitdeer Reports Net Increase in Bitcoin Holdings
Bitcoin mining company Bitdeer has reported a rise in its Bitcoin holdings, increasing to 2,141.1 BTC, excluding customer deposits. Recent activity suggests the company mined 122.4 BTC this […]
Cango’s Bitcoin Holdings Surge Past 6,900 BTC
The cryptocurrency mining company Cango, publicly traded on the New York Stock Exchange, has revealed that it produced a significant amount of Bitcoin this week. Their announcement on […]
Tether Halts Bitcoin Mining in Uruguay Over $4.8 Million Power Dispute
Tether has halted its Bitcoin mining operations in Uruguay, laying off 30 workers due to a $4.8 million power dispute with the country’s state electricity company, UTE. This […]
Tether Halts Bitcoin Mining in Uruguay Due to Costly Energy
Tether has suspended its Bitcoin mining operations in Uruguay, citing exorbitant energy costs and disputes with the state utility, UTE, as a primary factor. This decision impacts a […]
Tether Halts $500 Million Bitcoin Mining in Uruguay: A Cost-Related Shutdown
Tether, the renowned stablecoin issuer, has halted its $500 million Bitcoin mining operation in Uruguay. The decision stems from financial disputes with the local electricity provider and unsustainable […]
Tether Halts Bitcoin Mining in Uruguay Over $4.8 Million Energy Debt
Cryptocurrency company Tether has suspended its Bitcoin mining operations in Uruguay, citing unresolved financial disputes with the local energy provider, UTE. The shutdown, impacting around 30 employees, follows […]
Kaspa Attracts $35 Million in Whale Buying After Marathon Digital Mining Expansion
The blockchain platform Kaspa has attracted significant institutional investment, garnering over $35 million from large cryptocurrency holders (whales) following its recovery from a devastating 87% price crash earlier […]
China’s Bitcoin Hashrate Climbs Back to Top 3, Despite Ongoing Mining Ban
Despite a nationwide ban on cryptocurrency mining introduced in 2021, China has witnessed a resurgence of its Bitcoin mining activity. New data from Hashrate Index reveals that the […]
Bitcoin Mining Industry Faces Profit Squeeze: Stock Prices Rise Despite Revenue Decline
Revenue for Bitcoin miners is under strain as competition intensifies and Bitcoin’s price declines. A recent report from The Miner Mag shows that the network’s computing power has […]
MARA Holdings Bolsters Bitcoin Reserves as Mining Challenges Loom
Amid escalating mining difficulty and market volatility, MARA Holdings has taken steps to increase its Bitcoin reserves. The company now holds over 52,850 BTC, demonstrating a strategy focused […]
Bitcoin Mining Resurgence in China Amidst Official Ban
Despite a strict ban four years ago, Bitcoin mining is quietly experiencing a comeback in China. Miners are taking advantage of abundant energy and unused computing capacity in […]