USDT issuer Tether has invested in El Salvador's $1 billion Volcano Energy, paving the way for developing one of the world's largest Bitcoin mining farms powered by renewable energy.
Bitcoin miner Marathon Digital mined 77% more Bitcoin in May 2023 as compared to the previous month. The surge in mining output was attributed to increase in hash rates and transaction fees.
Summary: Tether plans to tap into Uruguay’s renewable energy ecosystem and mine Bitcoin (BTC), crypto’s largest token by market cap. The digital payment company is looking to diversify its operations after solidifying USDT’s position as the top stablecoin with an 83 billion token supply. Tether recently started buying Bitcoin with...
The SEC reportedly subpoenaed Marathon Digital Holdings last month in relation with the Bitcoin mining giant’s data center facility based in Hardin, Montana.
Texas-based bitcoin mining firm Core Scientific has signed three new hosting contracts to host nearly 18,000 mining rigs. The company's stock surged by 7% following the news of the new contracts.
Foundry, the Bitcoin mining firm owned by the Digital Currency Group (DCG), has informed its clients that it will stop offering free services to its clients starting April 19, 2023.
The bitcoin mining industry in Texas remains undeterred amid growing concerns over the industry's rising power consumption. Power consumed by bitcoin miners went up 75% last year.
Summary: Lawyers representing the Bitcoin miner said the company was losing north of $53,000 daily due to a hosting agreement with Celsius. The company will shutter hosting services for 37,000 Bitcoin mining rigs owned by the defunct crypto lender. Both companies filed for bankruptcy following a harsh year for crypto...
