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.
Ault Alliance's Sentinum Mined 909 Bitcoins this year
Ault Alliance's subsidiary, Sentinum, mined 909 Bitcoins from Jan to Jul 2023, with 668 in Michigan and 241 via a partnership with Core Scientific.
SEC Freezes Assets of DEBT Box in $50 Million Crypto Fraud Case
The U.S. Securities and Exchange Commission (SEC) has obtained a temporary asset freeze, restraining order, and other emergency relief against Digital Licensing Inc., a Utah-based entity operating as "DEBT Box," along with its four principals and 13 other defendants.
What is Bitcoin Ordinals?
Bitcoin Ordinals, introduced in January 2023 by Casey Rodarmor, are a way to inscribe digital content on the Bitcoin blockchain.
Crypto Miner HIVE Blockchain Rebrands to Drive AI Expansion
HIVE Blockchain Technologies Ltd. has declared its plan to strategically rebrand, including a transition to the new name "HIVE Digital Technologies Ltd." This rebranding initiative is designed to mirror the company's progression into the realm of high-performance computing (HPC) data centres, utilizing Nvidia's superior Graphics Processing Unit (GPU) chips to tap into the burgeoning trend of widespread adoption in the field of Artificial Intelligence (AI).
Riot Acquires Next-Gen Miners from MicroBT, Boosting Mining Capacity
Riot has made a groundbreaking move by entering into a long-term purchase agreement with MicroBT. This landmark deal involves the acquisition of 33,280 state-of-the-art Bitcoin miners manufactured in the United States by MicroBT.
Coinbase Executives Visit UAE to Explore Potential for Crypto Operations
Coinbase executives, including CEO Brian Armstrong, visited the UAE to explore the potential of the region as a strategic hub for its international operations. The visit coincides with a partnership between Marathon Digital Holdings and Zero Two to create a large-scale immersion Bitcoin-mining facility in Abu Dhabi.
Marathon Digital and Zero Two Partner for Abu Dhabi Bitcoin-Mining Facility
Marathon Digital Holdings and Zero Two have partnered to create a large-scale immersion Bitcoin-mining facility in Abu Dhabi. The joint venture, based in Mina Zayed and Masdar City, will comprise two mining sites with a combined 250-megawatt capacity. Marathon and Zero Two plan to power the facilities with excess energy from Abu Dhabi’s grid.
Block's 5nm Bitcoin Mining Chip Prototype
Block has completed the prototype design for its 5nm Bitcoin mining chip, with plans to decentralize the supply of mining rigs through open-source technology. The company has purchased a large batch of ASIC chips from Intel to fast-track development of its proprietary 3nm chip.
Bhutan Embraces Bitcoin Mining with Green Energy
Bhutan, known for its focus on "Gross National Happiness," has been quietly accumulating and mining Bitcoin with the help of its abundant hydroelectric power. The country is negotiating with Bitdeer to expand its mining operations further.
WEF Promotes Eco-Friendly Crypto Mining Firm Crusoe Energy
The World Economic Forum (WEF) featured a video showcasing Crusoe Energy Systems, a cryptocurrency mining firm that uses waste energy sources to power their modular data centers. Although the video never directly mentions cryptocurrency mining, several crypto industry figures praised Crusoe's efforts in reducing flaring and utilizing stranded energy sources to generate ultra-low-cost computing infrastructure.