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 and Celsius Mining Settle Litigation with Texas Data Center Purchase Agreement
Core Scientific has agreed to sell its Cedarvale Bitcoin mining site in Texas to Celsius Mining LLC for $14 million. The deal will settle ongoing litigation and allow Celsius to expand its Texas data centers. The Cedarvale site, valued at $45 million, will be overseen by US Bitcoin Corp. The transaction is not impacting Core Scientific's mining fleet.
BlackRock's Bitcoin Strategy: Mining Investments and ETF Proposals
BlackRock has invested $411.54 million in Bitcoin mining businesses, including Riot Platforms Inc., Marathon Digital Holdings, Cipher Mining, and Terawulf, and proposed a Bitcoin ETF, despite SEC reluctance, highlighting Bitcoin's growing importance in finance.
Tether's Bitcoin Mining Site in Latin America Plans to Start Operations in a Few Weeks
Paolo Ardoino, CTO of Tether and Bitfinex, confirmed the authenticity of a photo of a container bearing the "Tether Energy" logo, confirming it was a depiction of a control room at a Latin American site nearing completion. Ardoino also shared a 3D design of the site.
NASDAQ Listed MIGI Boosts Bitcoin Self-Mining in July 2023 Operational Update
Mawson Infrastructure Group, a leading digital infrastructure and Bitcoin mining company, reported a 23% month-on-month increase in its "Total Revenue Equivalent in BTC" to 163. The company's operational capacity was 96 Megawatts, supporting 27,636 Bitcoin miners. Mawson is exploring expansion opportunities in PJM energy markets and securing strategic sites for long-term digital infrastructure.
What is Helium Mining?
Helium mining involves using hotspots to provide wireless connectivity for IoT devices, earning HNT tokens. It's part of the decentralized Helium Network, with various hotspot types and considerations for optimization.
Tether's Development Team Nears Completion of Advanced Mining Libraries
Tether's dev team is nearing completion of JavaScript libraries for mining, utilizing Holepunch.to technology. CTO Paolo Ardoino announced the development on Aug 5, 2023.
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).