Cryptocurrency Mining | ForkLog

ForkLog 15 10.12.2024

MARA Acquires $1.1 Billion in Bitcoin

The mining company MARA Holdings has purchased 11,774 BTC for approximately $1.1 billion, at an average price of around $96,000 per coin. Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 11,774 BTC for ~$1.1 billion at ~$96,000 per #bitcoin and has achieved BTC Yield of 12.3% QTD and 47.6% YTD. As […]

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ForkLog 14 10.12.2024

Abkhazia Shuts Down Internet to Combat Illegal Mining

On December 10, from midnight to 7:00 AM, internet providers in Abkhazia, at the behest of authorities, disconnected internet access across the republic to counteract illegal mining. This was reported by Interfax. The government has established a task force to ensure the region’s energy security. Timur Dzhindzholia, CEO of Chernomorenergo, stated at a task force […]

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ForkLog 9 10.12.2024

Riot Platforms to Raise $600 Million for Bitcoin Acquisition

The mining firm Riot Platforms plans to issue $500 million in convertible senior notes, with an additional option for initial buyers to purchase $75 million more. Riot Announces Proposed Private Offering of $500 Million of Convertible Senior Notes. Net proceeds from this offering to be used primarily to acquire bitcoin and for general corporate […]

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ForkLog 14 10.12.2024

Bitmain to Establish Bitcoin Miner Production in the US

The Chinese mining equipment manufacturer Bitmain has announced the launch of a new production line in the United States. *BITMAIN Launching U.S. Production Line*BITMAIN is thrilled to announce the launch of its new production line in the United States. This strategic move aims to provide faster response times and more efficient services to the North […]

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ForkLog 30 09.12.2024

MicroBT Unveils New Line of Bitcoin Miners

At the Bitcoin MENA 2024 conference in Abu Dhabi, MicroBT showcased its new series of bitcoin mining devices, the WhatsMiner M6хS++. According to a press release, all three ASIC miners offer an energy consumption rate of 15.5 J/TH. The air-cooled M60S++ model boasts a hash rate of 226 TH/s. Source: MicroBT. The M63S++, designed for […]

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ForkLog 12 05.12.2024

Ethiopia’s Share in Bitcoin Hashrate Reaches 2.5%

Bitcoin miners based in Ethiopia now control 2.5% of the network’s computational power, according to local bitcoin miner Kal Kassa. Bitcoin miners in Ethiopia now command 2.5% of the global hash-rate. If trends continue, according to Ethiopian Electric Power (EEP), this will more than double within one year. pic.twitter.com/oW0G95TUDa — Kal Kassa (@KalKassa) December 4, […]

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ForkLog 15 05.12.2024

Merged optimism: the mining industry at $100,000

In early November bitcoin’s mining difficulty rose by 1.59% to a record 103.9 T. Meanwhile, the price consolidated above $90,000 and, overnight on December 4–5, broke through the all-time level of $100,000.

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ForkLog 5 05.12.2024

Hut 8 to Raise $500 Million to Boost Bitcoin Reserves

The mining firm Hut 8 has entered into an agreement to sell common shares at market price, with the offering amounting to $500 million. Hut 8 today announced a $500 million ATM program and a $250 million stock repurchase program. Read the full release here: https://t.co/AbpSre2Hql — Hut 8 (@Hut8Corp) December 4, 2024 According to […]

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ForkLog 7 04.12.2024

Illegal Miners Push Abkhazia’s Energy Sector to Crisis

The authorities in Abkhazia have declared an energy crisis in the republic, attributing it partly to illegal cryptocurrency mining, reports TASS. The region is currently experiencing an emergency drop in water levels at the Inguri hydroelectric power station, which could lead to rolling blackouts and necessitate additional electricity purchases. Since 2016, energy consumption in Abkhazia […]

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ForkLog 19 04.12.2024

Foundry Mining Pool Reduces Workforce by 27%

Foundry, the largest mining pool in the United States, has reduced its workforce by 27%, from 274 to 200 employees, according to Blockspace. Sources indicate that the company has begun restructuring its business, transferring around 20 employees to a new subsidiary under Barry Silbert’s Digital Currency Group (DCG) — an AI startup named Yuma, built […]

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ForkLog 21 04.12.2024

Kazakhstan Shuts Down Mining Farm with 156 Devices

AFM of Kazakhstan uncovered an illegal cryptocurrency mining farm located on an industrial site in the city of Temirtau. The devices were housed in metal containers. During searches at the site, 156 ASIC miners and other related equipment were discovered and seized. A pre-trial investigation is underway. Since the beginning of 2024, the agency has […]

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ForkLog 7 03.12.2024

Bitcoin Mining Difficulty Reaches Record 103 Trillion

Following the latest recalibration, the difficulty of mining the leading cryptocurrency increased by 1.59%, setting a new high at 103.9 T. Source: CloverPool. The average hash rate since the previous adjustment was 832.7 EH/s, with block intervals of less than nine minutes. According to Glassnode, the smoothed 7-day moving average of network power reached a […]

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