Category: Bitcoin mining

Business as Usual But Bitcoin Price is Immune: Another Chinese Province Bans BTC

Another Chinese province has decided to follow the example and halt cryptocurrency mining and trading. While this continues to be the ongoing trend coming from China this year, the price of bitcoin has not dumped this time, as it did during the previous set of adverse developments. One More Chinese Province Goes After Crypto The […]

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Bitcoin mining firm Greenidge expects public NASDAQ listing on September 15

Bitcoin mining firm Greenidge expects public NASDAQ listing on September 15

The merger between the bitcoin mining firm Greenidge Generation Holdings Inc and the technical support company Support.com will be finalized on September 14, according to a Monday release.  Greenidge and the NASDAQ-listed Support.com had arranged to merge in a stock-for-stock transaction back in March, The Block previously reported. However, the transaction was slated to take […]

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Bitcoin’s hash rate has recovered by 50% since June crash

Bitcoin’s hash rate has recovered by 50% since June crash

Bitcoin’s seven-day moving average hash rate has steadily recovered to the midpoint between its all-time high and recent lows. The Block’s Data Dashboard shows bitcoin’s average hash rate reached 135 exahashes per second (EH/s) on Thursday. That’s up 50% since its low of around 90 EH/s in early July but is still 50% down from […]

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Blockstream Partners With Financial Firm Macquarie to Develop Zero-Emission Bitcoin Mining Facilities

Blockstream, the blockchain-focused company spearheaded by Adam Back, will develop and manage zero-emission Bitcoin mining facilities with the first to be built in North America. The firm’s initiative will come to life through a partnership with an Australian multinational independent investment bank – Macquarie Group. The Canada-based blockchain company continues with its effort to minimize […]

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Bitmain to host 56,000 bitcoin miners in Georgia State via joint mining deal

Bitmain to host 56,000 bitcoin miners in Georgia State via joint mining deal

Bitcoin mining hardware manufacturing giant Bitmain is set to boost its joint mining capacity in North America. The firm has entered into a bitcoin mining hosting deal with data center and power partners Bit5ive and ISW Holdings, which will house 56,000 units of Bitmain’s proprietary AntMiner equipment in the U.S. state of Georgia.  According to […]

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Bitcoin Miners are Taking Profits, Where is the Money Going?

Bitcoin miners are notably taking profits off the table, a trend that has been highlighted by crypto markets analytics platform, Glassnode. The Glassnode data shows that events that are crucial on-chain trends can also be well linked to real-life demands.  The Bitcoin mining ecosystem took a massive plunge back in the second quarter following the […]

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Vietnam Sees High Demand For Crypto Mining Rigs Following Bitcoin’s Recovery

Vietnam has recently started recording high demand for crypto mining equipment as more people join the sector to mine cryptocurrencies like bitcoin, ether, and others. Interestingly, the mining rig market in Vietnam saw a significant decline a few months ago after bitcoin lost more than 50% of its value and traded below $30,000 due to […]

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Oil Producers and Bitcoin Miners Meet in Texas to Discuss Cooperative Mining Possibilities

Oil Producers and Bitcoin Miners Meet in Texas to Discuss Cooperative Mining Possibilities

A meetup in a vehicle warehouse in Houston served as an encounter point for oil producers and bitcoin miners to talk about possible on-site crypto mining opportunities last week. More than 200 investors attended the meeting to talk about an alliance, that would allow oil producers to make more efficient management of their resources and […]

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