Mining

Hut 8, a leading Bitcoin mining company based in North America, announced on January 6th that it had increased its Bitcoin holdings by 161 in the last quarter of 2022. It brings the company’s total self-mined BTC to 9,086. According to the company’s production report for December 2022...

The Federal government, through the Geological Survey Agency (NGSA), has conducted a mineral clinic across the country to boost the mining sectors for economic diversification. The post Mining: FG conducts mineral clinics to boost economy appeared first on The Guardian Nigeria News - Nigeria and World News...

Some miners have held onto the bitcoin they mined, opting instead to finance operations with debt and other capital, which works really well – until it doesn’t...

Emiliano Grodzki, co-founder and CEO of Canadian Bitcoin mining company Bitfarms, has resigned, according to a press release on December 29. The post Bitcoin Mining farm Bitfarms co-founder and CEO Emiliano Grodzki resigns appeared first on CryptoSlate...

A major cryptocurrency mining pool has been hit by hackers earlier this month, the company who owns the pool revealed in an announcement. The incident resulted in the theft of digital assets belonging to the pool and its clients worth a combined total of $3 million...

An analysis of public Bitcoin mining companies by the Hashrate Index revealed that they owe more than $4 billion. The largest of them has already filed for bankruptcy due to its unmanageable debt load. On December 23rd, the Bitcoin mining analyst published a research report detailing the debt burdens of public miners and outlining who

Public Bitcoin (BTC) mining companies collectively have liabilities that amass to over $4 billion, according to Hashrate Index Owing the most in liabilities, Core Scientific debt sat at approximately $1.3 billion on September 30, according to a company statement. The post Public BTC mining companies face $4B in liabilities...

Bitmain’s mining rigs sell out in under 27 seconds, however, volatility persists in terms of mining revenue.  Retail investors show faith in Bitcoin, as traders take long positions. Leading Bitcoin mining rig company, Bitmain, managed to sell out their new mining servers in 27 seconds. Despite the FUD surrounding Bitcoin mining and the immense selling