MINING
The process that results in the release of certain amounts of a particular digital currency into its circulating supply. Mining is often the process that governs the verification of transactions and the addition of blocks to a blockchain.
Core Scientific Posts Strong Q4 Amidst 2023 Fiscal Recovery
Core Scientific has announced a significant fiscal recovery for Q4 2023, with a notable increase in self-mined bitcoin and improved financial results.
What is Compass Mining?
Compass Mining has emerged as an innovative leader in the cryptocurrency mining service industry, enabling individuals and institutions to participate in Bitcoin mining without the complexity of managing hardware.
Core Scientific to Host CoreWeave's AI and HPC Workloads in $100M+ Deal
Core Scientific has signed a multi-year contract to provide CoreWeave with up to 16 MW of data center infrastructure for AI and HPC workloads, with potential revenue exceeding $100 million.
Marathon Digital Holdings Reports Lower Bitcoin Production in February Due to Maintenance Issues
Marathon Digital Holdings announced a 23% decrease in bitcoin production for February 2024 due to unplanned maintenance issues at its mining facilities, despite a 9% increase in hash rate.
U.S. Department of Energy Halts Bitcoin Mining Survey Amid Legal Pushback
The DOE's emergency Bitcoin mining survey is withdrawn following legal challenges from Riot Platforms and the Texas Blockchain Council.
Marathon Digital reports a 229% revenue increase in 2023
Marathon Digital reports a stellar 229% revenue increase in 2023, marking a significant turnaround with record BTC production.
Riot Platforms Bolsters Hash Rate with a $97.4M Purchase of MicroBT Miners
Riot Platforms invests $97.4 million in state-of-the-art mining hardware from MicroBT to scale up efficiency and capacity at its Rockdale mining facility.
Riot Mined 6,626 Bitcoin, Clinching Record $281M Revenues in 2023
Riot Platforms saw a $280.7 million revenue boost in 2023, attributed to increased Bitcoin production, higher average prices, a strong balance sheet, and enhanced hash rate capacity.
British Columbia Court Upholds Government's Temporary Ban on Cryptocurrency Mining Electricity Supply
British Columbia's Supreme Court upheld a temporary suspension of electricity supply to new cryptocurrency mining operations, emphasizing the government's role in balancing energy demands with sustainability goals.
Hut 8 Mining Corp Refutes JCapital Research's Allegations
Hut 8 Mining Corp, a leading Bitcoin miner, strongly refutes allegations by JCapital Research in a recent short report, emphasizing their commitment to transparency and urging stakeholders to refer to official SEC and Canadian regulatory filings for accurate information.