bitcoin mining
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MARA Holdings, Inc. has successfully acquired 5,771 bitcoin at an average price of $95,554 per BTC, utilizing funds from its recent zero-coupon convertible note offering. This strategic acquisition increases the company’s total bitcoin holdings to approximately 33,875 BTC, currently valued at $3.4 billion based on a spot price of $99,000 per BTC. The convertible note…
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Core Scientific, a prominent player in the cryptocurrency mining sector, has announced plans to transform its Denton, Texas, Bitcoin mining facility into a state-of-the-art artificial intelligence (AI) data center. The $4 billion project aims to repurpose existing infrastructure to meet the growing demand for AI computing power. This strategic move reflects a broader industry trend…
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BitcoinVersus.Tech Editor’s Note: We volunteer daily to ensure the credibility of the information on this platform is Verifiably True. If you would like to support to help further secure the integrity of our research initiatives, please donate here Fold has launched the Fold Mining Club in collaboration with CryptoCloaks. This initiative aims to make home…
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The NerdQAxe++ has undergone a significant upgrade, transitioning from a 4-layer to a 6-layer printed circuit board (PCB). All photos belong to Thomas Shufps This enhancement has resulted in a stable hashrate of approximately 4.8 terahashes per second (TH/s) while maintaining power consumption around 76 watts, equating to an efficiency of about 15.8 joules per…
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Sangha Renewables, a bitcoin mining firm, is collaborating with renewable energy companies to establish bitcoin mining operations, aiming to utilize excess energy that might otherwise go to waste. Renewable energy producers often face challenges with surplus energy, sometimes even incurring costs to offload it. By integrating bitcoin mining, these companies can convert excess electricity into…
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The 2024 Proof Of Work Awards Awards List honors those whose dedication has propelled Bitcoin’s growth and innovation. This list was built with those in mind who have contributed to the Bitcoin protocol in a myriad of ways, via action, research, or education. A toast to all those who have ultimately let their work speak…
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Bart Mol, a Bitcoin Podcaster and innovator, has introduced a custom-built “Home Assistant dashboard” designed to streamline the monitoring of BitAxe mining operations. Unveiled on X.com, Mol shared the development, stating that his motivation stemmed from the challenge of tracking multiple BitAxes efficiently. Key Features of the Dashboard The dashboard showcases advanced metrics, such as…
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In a significant legal development, the New York Supreme Court has ruled in favor of Greenidge Generation Holdings Inc., allowing the cryptocurrency mining facility to continue operations at its Seneca Lake site. The court found that the New York State Department of Environmental Conservation (DEC) acted arbitrarily and capriciously in denying Greenidge’s air permit renewal,…
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Colorado-based Bitcoin mining firm Revolve Labs has unveiled plans for a new $60 million data center in Glencoe, Minnesota. The proposed facility will include AI data centers, extensive cooling systems, and backup generators, strategically designed to optimize Bitcoin transaction processing while addressing noise concerns raised in prior locations. The planned site spans 6.2 acres and…
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According to Asicminervalue.com, the Bitmain Antminer L9 (17.6Gh) has emerged as a leading performer. Released in May 2024, it offers a hashrate of 17.6 Gh/s and consumes 3,260 W of power, generating an estimated daily profit of $55.42. Another notable miner is the Bitmain Antminer L9 (16.2Gh), also launched in May 2024. With a hashrate…
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Ethiopian Electric Power (EEP) announced that it generated over $25 million in revenue during the 2023/2024 fiscal year from electricity supplied to companies involved in data mining. This substantial income is part of EEP’s strategy to increase foreign currency earnings by billing domestic customers in U.S. dollars rather than Ethiopian Birr. Minilik Getahun, Manager of…
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As the demand for artificial intelligence (AI) and cloud computing continues to surge, U.S. technology companies are increasingly competing with bitcoin miners for energy resources. This competition has intensified as data centers drive the fastest U.S. power demand growth since the early 2000s, far outpacing the expansion of the power grid. Major companies like Amazon…
