Bitcoin miner Hut 8 hires former Citigroup exec as new CFO
Bitcoin miner Hut 8 hires former Citigroup exec as new CFO theblock.co 06 August 2024 20:07, UTC theblock.co
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Bitcoin Miner Genesis Digital Assets Launches Heat Repurposing Project in Sweden
Bitcoin Miner Genesis Digital Assets Launches Heat Repurposing Project in Sweden news.bitcoin.com 06 August 2024 20:21, UTC Genesis Digital Assets Limited (GDA) has embarked on a new project in Norsjö, Sweden, utilizing surplus heat from one of its bitcoin mining data centers to warm a local garage. This collaboration with Swedish company Muttern Fastigheter…
Core Scientific's shares soar 18% after additional $2 billion CoreWeave agreement
Core Scientific's shares soar 18% after additional $2 billion CoreWeave agreement cryptoslate.com 06 August 2024 21:20, UTC Bitcoin miner Core Scientific will expand its high-performance computing (HPC) infrastructure by 112 megawatts (MW) to a total of 382 MW to host CoreWeave’s NVIDIA graphics processing units (GPUs), according to an Aug. 6 statement. The company…
Bitcoin Miner Core Scientific Shares Spike After Signing $2B of Additional Computing Contract
Bitcoin Miner Core Scientific Shares Spike After Signing $2B of Additional Computing Contract coindesk.com 06 August 2024 18:01, UTC Core Scientific’s shares surged as much as 17% on a new deal with CoreWeave. The miner now expects to generate a total of $6.7 billion in revenue over the life of the contract, starting in…
Block Reward Cut: Miners Must Stake Bitcoin, Plug into Depins to Offset Revenue Loss
Block Reward Cut: Miners Must Stake Bitcoin, Plug into Depins to Offset Revenue Loss news.bitcoin.com 07 August 2024 14:25, UTC According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue…
Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice Drop
Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice Drop news.bitcoin.com 07 August 2024 20:09, UTC On Aug. 7, 2024, bitcoin’s price moved within a 24-hour range between $55,742 and $57,607. This lower price bracket has significantly reduced bitcoin mining revenue, causing the estimated daily value of 1 petahash per second (PH/s), also…
Bitcoin Miner from Wall Street Plans to Double Revenue with New Hydroelectric Data Center
Bitcoin Miner from Wall Street Plans to Double Revenue with New Hydroelectric Data Center financemagnates.com 29 July 2024 10:35, UTC HIVE Digital Technologies Ltd., the Bitcoin miner from Wall Street (Nasdaq: HIVE) announced plans to construct a 100-megawatt BTC mining operation in Paraguay, aiming to double its revenue and significantly boost its hashrate capacity….