Cryptocurrency Mining | ForkLog

ForkLog 24 25.12.2024

Bitcoin Miners’ Stocks Diverge from Bullish Trend

Since the beginning of the year, Bitcoin’s price has surged by 113%, yet the shares of most mining companies have ended up “in the red” during this period, as noted by Cointelegraph. Out of 25 public miners, only seven have yielded profitable stock returns in 2024: Core Scientific (CORZQ) — shares increased by 327%; TeraWulf […]

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ForkLog 7 24.12.2024

TeraWulf Allocates 70 MW for AI Computing

Mining company TeraWulf has leased out 70 MW of its infrastructure for AI computing equipment on a long-term basis. $WULF Has Big News ?? (a thread) TeraWulf is thrilled to announce long-term data center leases with our first #AI customer, @Core42_ai (subsidiary of G42) — a prominent AI cloud and managed services provider that brings […]

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ForkLog 19 24.12.2024

Russia Imposes Mining Ban in Several Regions

The Russian government has approved a list of regions and territories where cryptocurrency mining and participation in mining pools will be prohibited from January 1, 2025, to March 15, 2031, as reported by TASS. The restrictions specifically affect Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, and Chechnya. Additionally, in certain areas of the Irkutsk region, Buryatia, […]

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ForkLog 17 20.12.2024

MARA Launches Second District Heating Project in Finland

The American mining company MARA has initiated its second project in Finland, utilizing the heat generated from cryptocurrency mining to warm residential homes. This holiday season, we’re excited to bring the gift of warmth to even more homes with the addition of our second district heating project warming a city of 67,000 residents with #Bitcoin […]

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ForkLog 18 20.12.2024

Uzbekistan’s Ministry of Justice Registers Licensing Fees for Bitcoin Exchanges

On December 17, Uzbekistan’s Ministry of Justice registered an internal document from the NAPP, setting the state fee for licensing cryptocurrency exchanges, exchangers, and mining pools in the country. According to the document, the fees are as follows: for exchanges — 73,400 BCV (27.5 billion soums or $2.1 million); for exchangers [referred to as crypto […]

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ForkLog 4 19.12.2024

MARA Expands Bitcoin Reserves to $4.45 Billion, Hut 8 Reaches $1 Billion

The mining company MARA Holdings has acquired an additional 15,574 BTC for a total of $1.53 billion at an average price of approximately $98,529 per coin. MARA raised $1.925 billion from 0% convertible notes in November and December. Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 15,574 BTC for ~$1.53 billion […]

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ForkLog 18 19.12.2024

Bitcoin Miner Prices Surge in China Amid Rising Demand

Amid new price records for the leading cryptocurrency, the cost of ASIC miners in China has surged due to increased demand, including from Russia, according to local media reports. A hardware dealer in Shenzhen informed journalists that he sold popular Antminer S21 units for $5600 each, approximately 30% higher than their price a year ago. […]

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ForkLog 33 18.12.2024

Chinese Auto Firm Ranks as Third Largest Bitcoin Miner Globally

Chinese provider of smart equipment and transactional services for the automotive industry, Cango, has emerged as the third largest Bitcoin miner by hash rate. This was announced in the company’s press release. Hash rate and number of BTC mined by the end of November 2024. Source: Blockspace. On November 15, Cango reported the acquisition of […]

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ForkLog 8 16.12.2024

Bitcoin Mining Difficulty Reaches New High Above 108 T

Following the latest adjustment, the difficulty of mining the leading cryptocurrency increased by 4.43%, reaching a record 108.52 T. Source: CloverPool. The average hash rate over the past two weeks was 772.2 EH/s. The interval between blocks increased to over 11 minutes, indicating a potential reduction in difficulty at the next adjustment. According to Glassnode, […]

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ForkLog 23 15.12.2024

Greenpeace Halts Anti-Bitcoin Mining Campaign

The environmental organization GreenpeaceUSA has quietly concluded its “Change the Code” campaign aimed at combating pollution from cryptocurrency mining. This was reported by Bitcoin researcher Daniel Batten. According to his observations, the environmentalists have not released new press statements or posts for over six months. The X account (@cleanupbitcoin) has been inactive since January 2024. […]

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ForkLog 10 13.12.2024

JPMorgan: Miners Emulate MicroStrategy’s Bitcoin Strategy

Publicly traded mining companies are adopting a strategy of acquiring bitcoin for their balance sheets, following the example of MicroStrategy. This is according to a report by JPMorgan, as reported by CoinDesk. To finance operational costs, firms are issuing bonds and stocks, opting not to sell mined coins. This shift is due to pressure on […]

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ForkLog 22 13.12.2024

Riot Shares Surge Amid Potential AI Pivot

On December 12, Riot Platforms’ shares jumped nearly 5% following news of Starboard Value acquiring a stake in the bitcoin miner. Meanwhile, the S&P 500 index declined by 0.5% that day. Data: Yahoo Finance. On Thursday morning, The Wall Street Journal reported that Starboard Value had acquired a “significant” stake in Riot. The buyer is […]

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