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Tag: crypto mining

Minnesota Power Co-op Accuses Couple of Major Electricity Theft for Bitcoin Farm Operation

December 5, 2023 wp-bot Bitcoin News

In a case that intertwines crypto mining and utility theft, a Minnesota power company, North Star Electric Cooperative, has accused a former couple, Ryan Jaenicke

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Bitcoin Miner Riot Secures 66,560 Microbt ASIC Miners to Boost Hashrate by 18 EH/s

December 4, 2023 wp-bot Bitcoin News

The bitcoin mining corporation Riot Platforms, a publicly traded firm within the industry, recently announced a significant expansion of its operations. The firm has completed

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Report: Bitcoin Miners’ Revenue Down by More Than 30% in the Last 6 Months

December 2, 2023 wp-bot Bitcoin News

In the past six months, Bitcoin miners’ revenue has dropped by more than 30%, with November revenues approximately $270 million lower than October revenues. The

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Iris Energy Acquires 7,000 Next-Gen T21 Bitcoin Miners in Deal With Bitmain

November 30, 2023 wp-bot Bitcoin News

The Australia-based and Nasdaq-listed Iris Energy recently announced the acquisition of 1.3 exahash per second (EH/s) capacity in Bitmain’s latest Antminer T21 models. This purchase

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Northern Data Subsidiary Bolsters AI Capabilities With $362 Million Nvidia GPU Investment

November 29, 2023 wp-bot Bitcoin News

On Wednesday, Northern Data Group, headquartered in Frankfurt and specializing in bitcoin mining, disclosed that its subsidiary, Taiga Cloud, has secured a significant acquisition of

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‘Stagnant’ BTC Price and Rate Hikes Drove Down Crypto Miner Canaan Inc’s Revenues in Q3

November 29, 2023 wp-bot Bitcoin News

Canaan Inc, the crypto miner and mining rig producer, said the company’s overall revenue in Q3 stood at $33.3 million or some $40 million lower

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