Northern Data saw revenue drop to €77.5 million, mined 2,298 BTC in 2023 cryptoslate.com 12 July 2024 09:17, UTC Northern Data Group reported a net revenue of €77.5 million for the 2023 fiscal year, down from €193.3 million in 2022. The firm’s total income for the period stood at €111.0 million, compared to €249.5…
Iris Energy Has Committed Most of Childress Site to Expansion of Bitcoin Mining: Bernstein coindesk.com 12 July 2024 09:48, UTC Iris Energy shares slumped 14% after a short seller said the company’s Childress site was unsuitable for hosting artificial intelligence or high-performance computing. Bernstein notes that the company never said it intended to retrofit…
Malaysia lost over $755m due to illegal Bitcoin mining since 2018: report crypto.news + 9 more 10 July 2024 11:47, UTC Malaysia’s largest electricity utility says it lost over $755 million due to illicit Bitcoin mining activities starting from 2018, significantly impacting the country’s energy sector. Tenaga Nasional Berhad (TNB), the largest electricity utility…
EIA Hosting Bitcoin Mining Energy Use Webinar Today bitcoinmagazine.com + 1 more 10 July 2024 13:23, UTC Earlier this year the Energy Information Administration attempted to conduct a survey of Bitcoin mining energy use under emergency authorization statues, bypassing the traditional process of instituting a survey that required an open period of comment from…
Core Scientific to add 15 EH/s through Block's 3nm Bitcoin mining ASICs cryptoslate.com + 1 more 10 July 2024 14:16, UTC Block Inc. and Core Scientific have announced an agreement to supply Core Scientific with Block’s new 3-nanometer mining ASICs. Core Scientific will be the first to integrate these advanced chips into its large-scale…
Bitcoin Mining Difficulty Drop Suggests BTC Price Is Nearing Bottom decrypt.co 10 July 2024 07:35, UTC Bitcoin miners have been struggling lately—though past data shows that could be a bullish signal for Bitcoin’s price. Since its peak in late May, Bitcoin’s total hash rate has declined from 658 exahashes per second (EH/s) to 556…
Bitcoin Miners Are Attractive Partners to Build Artificial Intelligence Data Centers: Bernstein coindesk.com + 1 more 10 July 2024 08:44, UTC Bitcoin miners have secured ample power supplies and operating capabilities and can help companies build AI data centers, the report said. Bernstein initiated coverage of miners Iris Energy and Core Scientific with outperform…
