Cryptocurrency Mining | ForkLog

ForkLog 24 17.01.2025

Public bitcoin miners’ reserves approach 100,000 BTC

As of December 2024, publicly listed mining firms held more than 92,000 BTC on their balance sheets, a record high, according to TheMiningMag. Year on year, the figure rose by about 136% from just over 39,000 BTC. The increase was partly driven by MARA, Riot Platforms and Hut 8 shifting to a strategy of buying […]

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ForkLog 75 17.01.2025

BitFuFu to acquire a majority stake in a 51MW bitcoin mining facility in Oklahoma

Cloud-mining provider BitFuFu has signed a letter of intent to acquire a majority stake in a 51MW bitcoin mining facility in Oklahoma, USA. ? We’ve taken a major step forward in our growth strategy as we signed a letter of intent to acquire a majority stake in a cutting-edge 51MW Bitcoin mining facility in Oklahoma, […]

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ForkLog 22 17.01.2025

Irkutsk courts confirm 650 million rubles in damages from crypto mining

Over the past five years, Irkutskenergosbyt won 1,348 court cases against miners who illegally used electricity, for a total of nearly 650 million rubles. The rulings have taken effect and the defendants were ordered to pay damages. 104 claims were paid before judgments were handed down. In all, the utility filed 2,113 lawsuits against “grey” […]

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ForkLog 26 14.01.2025

Makhachkala unplugs 408-device bitcoin farm

Dagestan’s power utility uncovered a large cryptocurrency-mining farm in Makhachkala that was illegally connected to the grid, according to acting director of Dagenergo, Arsen Gadzhiev. He said the facility hosted 408 ASIC miners. The amount of stolen electricity exceeded 27m kWh. Damages were estimated at more than 180m rubles. Case materials have been handed over […]

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ForkLog 19 13.01.2025

Bitcoin mining difficulty sets another record

At the latest adjustment, Bitcoin’s mining difficulty rose 0.61%, reaching a record 110.45 T. Data: CloverPool. The average hashrate over the period since the previous change was 804.05 EH/s. According to Glassnode, on 2 January the smoothed seven-day moving average reached a high of 818.7 EH/s. It then fell to 763.6 EH/s. Data: Glassnode. According to […]

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ForkLog 36 10.01.2025

Fidelity analysts see no long-term threat to Bitcoin mining

The decline in bitcoin miners’ transaction revenue may prove long-lasting. But it does not threaten the blockchain’s security, according to Fidelity. ? Is it “too late” to enter the digital assets market? Our 2025 Look Ahead shares our team’s answer and highlights potential opportunities emerging from the approval of spot digital asset ETPs and a […]

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ForkLog 24 10.01.2025

CleanSpark becomes the fourth miner with bitcoin holdings above 10,000 BTC

The bitcoin held on CleanSpark’s balance sheet has surpassed 10,000 BTC. https://t.co/MDzbScQDzj — CleanSpark Inc. (@CleanSpark_Inc) January 9, 2025 Rivals MARA Holdings, Riot Platforms and Hut 8 Mining had already crossed that threshold. Over 2024, CleanSpark’s bitcoin stash grew 236% to 10,097 BTC. Data: BitcoinTreasuries. According to a press release, the company mined all the […]

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ForkLog 34 09.01.2025

Thai police seize about 1,000 bitcoin miners from JIT Co.

Thai police seized 996 bitcoin mining devices from JIT Co., based in the eastern province of Chon Buri, according to local media. The firm, registered to trade digital assets, is suspected of stealing electricity. Preliminary estimates put losses at hundreds of millions of baht (millions of dollars). An employee told police the power theft took […]

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ForkLog 85 09.01.2025

Canaan unveils heaters for home bitcoin mining

Canaan has launched the Avalon Mini 3 and Nano 3S, devices that mine bitcoin while heating homes. ? Live from CES 2025! Witness history as our Chairman and CEO, Mr. NG Zhang, officially unveils the Avalon Mini 3 to the world. ? https://t.co/zwFPrYXH0R Compact, powerful, and accessible, this device is designed to revolutionize #Bitcoin mining […]

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ForkLog 40 06.01.2025

MARA deploys 7,377 BTC to crypto lending platforms

Miner MARA has sent 7,377 BTC (16.4% of its bitcoin reserves) to crypto lending services to earn “modest” additional income.

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ForkLog 151 04.01.2025

Bitcoin mining in 2024: the halving shock and an AI ‘lifeline’

The halving dented miners’ revenues, yet hashrate hit record highs, diversification into AI computing became fashionable, and America consolidated its lead in the industry. A look back at what else defined bitcoin mining in 2024. The industry weathered the fourth halving. Amid falling revenues, a boom in AI computing offered a ‘lifeline’ to many participants. […]

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ForkLog 17 03.01.2025

BitFuFu signs Bitmain deal for up to 80,000 Bitcoin miners

Cloud-mining provider BitFuFu has signed a contract with Bitmain to purchase up to 80,000 S-series miners. ? We’ve signed a 2-year deal with BITMAIN to acquire up to 80,000 state-of-the-art miners. Flexible orders and payment terms help us expand capacity and deliver top-notch, cost-effective Bitcoin mining solutions worldwide. #BITMAIN #GlobalExpansion #BTC pic.twitter.com/OSMdXOp8fd — BitFuFu (@BitFuFuOfficial) […]

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