Breaking News: MINING – Market Insights, Analysis & Latest Updates

MINING

Jack Dorsey's Block to prioritize bitcoin mining and wind down decentralized tech arm TBD

Block, formerly Square, increases investment in bitcoin mining and Bitkey, scaling back Tidal and TBD, amid staff layoffs and lower-than-expected revenues.

theblock.co • 08/11/2024 - 03:11 AM

JPMorgan analysts say bitcoin miners face narrowing window of opportunity to secure AI data center deals

Bitcoin miners have nine months to sign contracts with hyperscalers and AI startups to leverage HPC services amid surging demand and construction backlogs for data centers.

theblock.co • 17/10/2024 - 15:17 PM

FalconX unveils service that automatically converts digital assets to dollars for crypto miners

FalconX launches an electronic streaming service to automate conversion of crypto miners' earnings to USD, enhancing liquidity and operational efficiency amidst market instability.

theblock.co • 15/10/2024 - 18:38 PM

Malaysian authorities destroy over 900 bitcoin mining rigs amid power theft crackdown

Local police crushed the rigs with a steamroller — as shown in a video — as a warning that the authorities are continuing to crack down on electricity theft linked to bitcoin mining. The authorities destroyed $452,500 worth of mining machines on Monday, local media reported.

theblock.co • 21/08/2024 - 06:27 AM

Malaysian authorities arrest seven individuals for power theft linked to bitcoin mining: report

Malaysian authorities arrested seven individuals for bitcoin mining-related electricity theft, seizing equipment valued at $57,000 amid a crackdown on power theft linked to crypto mining.

theblock.co • 19/08/2024 - 06:44 AM

MINING

Bitcoin miner Cipher sees growing net losses, revenues and cash on hand in Q2

Cipher Mining reported a Q2 2024 net loss of $15 million, with revenue increasing to $36.81 million; aims to expand operations in high-performance computing.

theblock.co • 13/08/2024 - 18:59 PM

CryptoQuant links Bitcoin mining hashrate nearing all-time high levels to potential price stability

The Bitcoin mining hashrate is nearing all-time highs, which CryptoQuant analysts believe could help with the cryptocurrency’s price stability. The hashrate is rebounding as bitcoin’s price rose to over $69,000 on Monday, followed by a correction to around $66,000.

theblock.co • 31/07/2024 - 12:20 PM