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...
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.
Chinese ASIC manufacturer Canaan Creative has allegedly filed for a confidential IPO in the United States. According to Asian financial news site IFR Asia on Wednesday, the company is pursuing $200 million USD by way of the public listing. A previous report by Bloomberg in January rumoured a Canaan IPO...
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.
Despite delays experienced in the manufacturing process, Chinese ASIC manufacturer startup Linzhi is ready to produce the first batch of its new Ethereum miners, compatible with both ETH and ETC. The Shenzhen-based company was founded in February of 2018 by former Canaan Creative chip design head, Chen Min. Part of...
The SEC reportedly subpoenaed Marathon Digital Holdings last month in relation with the Bitcoin mining giant’s data center facility based in Hardin, Montana.
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.
Quick take: Crypto analyst Timothy Peterson, explains that the supply of Bitcoin is shrinking on a daily basis He estimates that a total of 1,500 BTC is lost per day compared to about 900 BTC mined The maximum number of Bitcoin that will ever be in circulation is around 14...
In brief: Earth Day was celebrated on the 22nd of April. Global pollution levels have dropped drastically due to lockdowns to curb the spread of COVID19. The team at Ripple highlighted the efficiency of XRP. Yesterday, April 22nd, was the 50th Earth Day celebration. Previous events have been celebrated by...
The Russian Federal Customs Service is investigating a case of underpayment of customs fees that are charged for importing Bitcoin mining hardware equipment. According to Coindesk, the Far-East Trading and Industrial Company (DTPK) might be owing around $1.2 million in customs fees for importing 6,012 Bitmain ASIC miners. The search...
