Bitcoin miner CleanSpark has reportedly received approval to build a new mining facility in Mountain City, Tennessee, local media outlet WCYB reported on July 2. According to the report, the Mountain…
Even though the price of Bitcoin has more than doubled their production costs, miners are not selling their holdings. That is what Ki Young Ju, the CEO of CryptoQuant, recently highlighted with the…
MARA Holdings’ Bitcoin mining production slid 25% in June as the firm faced poor weather conditions at a Texas facility and ongoing challenges that have made mining more difficult industry-wide, its…
The Bitcoin BTC$106,558.24 network monthly average hashrate fell about 3% in June, Wall Street bank JPMorgan (JPM) said in a research report Tuesday.The hashrate refers to the total combined…
Cryptocurrency analytics company Alphractal has published a remarkable assessment of the Bitcoin mining industry. The report notes that miners are not selling their Bitcoin reserves despite facing…
Iran has turned to cryptocurrency mining and trading since 2019, as its local currency has been devalued due to years of harsh international sanctions and high inflation. But experts say it is still…
Ethiopia has seen a rise in power concerns attributed to crypto mining activities amid the boom in the country’s cryptocurrency industry. According to reports, the crypto mining and data center…
Iran has been mining and trading in cryptocurrencies out of necessity due to major global sanctions and a local currency that has dwindled in value due to severe inflation since at least 2019.…
Cango has completed its previously announced acquisition of 18 EH/s of active bitcoin hashrate from Bitmain’s financial services affiliate, Antalpha, pushing its total installed hashrate to 50 EH/s.…
In June, Bitcoin’s hashrate suddenly plunged to its lowest level in over a year. The decline came amid heightened political tensions between the US and Iran, prompting speculation about a potential…