Bitcoin miner Foundry lays off employees to focus on core business
Foundry, a leading Bitcoin mining company, has cut nearly a third of its staff as part of a wider restructuring effort.Bitcoin Min...
Inside Cleanspark's Efficiency Efficiency Initiative Using 3,800 Immersion-Cooled Canaan Bitcoin Miners
Canaan Inc. has announced a new agreement with Cleanspark Inc. to deliver 3,800 Avalon A1566I miners to the publicly traded bitcoi...
Bitcoin is the digital oil well that's driving economic resurgence in rural Texas, mayor says
Mayor Ward Roddam of Rockdale, Texas, believes Bitcoin mining is key to the city’s recovery following the closure of its largest e...
Bitcoin Hashrate Approaches All-Time Peak Despite Difficulty Increase and Revenue Loss
Despite increasing mining difficulty and falling hash prices, Bitcoin’s total hash rate is still rising. In fact, on Wednesday, it...
Historic Drop in Bitcoin Revenue Leaves Miners Struggling
After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recen...
MARA Reports Q2 2024 Earnings: Revenue Surges Amid Rising Losses and Hashrate Increase
MARA, a leader in digital asset compute, reported a significant revenue increase of 78% to $145.1 million for the second quarter o...
Malaysia Loses Over $700 Million Worth of Electricity to Illegal Crypto Miners, Says Minister
According to a government minister, Malaysia lost $727 million worth of electricity stolen by illegal crypto miners between 2018 a...
Bitmain's New S21 Bitcoin Mining Rigs Debut With up to 473 TH/s of Hashpower
At the World Digital Mining Summit in Las Vegas, Bitmain, a leading manufacturer of application-specific integrated circuit (ASIC)...
Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining
David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump wil...