Cryptocurrency Mining | ForkLog

ForkLog 15 29.06.2024

Bitdeer to Expand Mining Capacity to 2.5 GW

Mining company Bitdeer is in the process of securing access to an additional 570 MW of power, which will increase the firm’s total capacity to 2.5 GW. We are pleased to announce that Bitdeer has forged a strategic partnership with the Monroe County Port Authority (MCPA) in Ohio, securing an additional power capacity of up […]

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ForkLog 7 28.06.2024

CryptoQuant Observes Reduced Selling Pressure from Bitcoin Miners

The supply overhang of bitcoins from miners has significantly decreased, according to data from CryptoQuant. Experts noted that this group of market participants has recently contributed to the decline in prices. The driver was the halving that took place in April, which rendered older mining devices economically inefficient. This change forced owners to sell off […]

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ForkLog 11 27.06.2024

CleanSpark to Acquire GRIID for $155 Million

Mining firm CleanSpark has announced the acquisition of its competitor GRIID for $155 million. We’ve announced an agreement to acquire @griid based on an enterprise value of $155 million and expansion plans of over 400 MW in Tennessee. $CLSK expects to add over 400 MW in the state over the next two years. Under the […]

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ForkLog 9 27.06.2024

Marathon Digital Holdings Ventures into Kaspa Mining

The mining firm Marathon Digital Holdings has commenced mining Kaspa (KAS) as part of its strategy to diversify revenue streams. Today we’re announcing that we have been actively mining Kaspa. Diversification has been key to our investments in energy solutions and tech innovations, and it remains crucial in our digital asset compute operations. Read the […]

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ForkLog 23 27.06.2024

Satoshi-Era Miner Transfers 50 BTC Mined 14 Years Ago to Binance

A miner who extracted 50 BTC on July 14, 2010, has transferred them to Binance. The transaction was recorded by analysts at Lookonchain. A miner wallet woke up after being dormant for 14 years and deposited 50 $BTC($3.05M) to #Binance 7 hours ago. The miner earned 50 $BTC from mining on July 14, 2010. Address:1PDTDwpgRPdQaCcp3Th6zaMASgcCcm3Jcm […]

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ForkLog 4 25.06.2024

Bitcoin Miners Face ‘Survival Game’ Amidst Falling Hashpower

With the current hashprice at $0.05 per TH/s per day, many miners of the leading cryptocurrency are facing significant challenges, according to Upstream Data’s client manager, Adam Ortolf. So far this difficulty epoch it looks like #bitcoin hashpower has fallen off a cliff. Avg blocktime over the last 460 blocks has been 647sec or almost […]

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ForkLog 5 25.06.2024

Riot Nominates Independent Directors to Bitfarms Board Amid Hostile Takeover Bid

The mining firm Riot Platforms has called for a special meeting of Bitfarms shareholders to re-elect the board of directors as part of a hostile takeover campaign. Shareholders of the target company will be asked to vote on the removal of Chairman and Acting CEO Andres Finkelshtain. The agenda also includes the exclusion of any […]

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ForkLog 10 25.06.2024

Hut 8 Secures $150 Million for AI Computing Infrastructure Expansion

Coatue Management invests $150 million in Hut 8 to develop AI computing infrastructure. Investor interest in bitcoin miners surged following Core Scientific’s HPC hosting deal. Mining company Hut 8 has finalized an agreement with a fund managed by Coatue Management, which will invest $150 million in the firm through convertible bonds. We are incredibly excited […]

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ForkLog 6 24.06.2024

Analyst Disputes Bitcoin Miners’ Capitulation Post-Halving

Known by the pseudonym Checkmatey, Glassnode analyst James Check questioned the notion of Bitcoin miners capitulating after the halving, though he acknowledged they are “treading water.” “We are in a period of ‘Difficulty Ribbon’ inversion, and blocks are being generated 14 seconds slower than they should be. This indicates there is less hash rate in […]

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ForkLog 19 21.06.2024

Marathon’s Bitcoin Mining to Heat 11,000 Finnish Homes

American bitcoin miner Marathon Digital Holdings has initiated a pilot project in Finland to use the heat generated from cryptocurrency mining for residential heating. In Finland, we launched a 2-megawatt pilot project to warm a community of 11,000 residents with recycled heat from digital asset computing. Take a look: pic.twitter.com/eIIlncxD3I — MARA (@MarathonDH) June 20, […]

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ForkLog 5 20.06.2024

Bitcoin Whales Offload $1.2 Billion in Fortnightly Sales

The largest Bitcoin holders, including miners, have reduced their positions by $1.2 billion over-the-counter in the past two weeks, according to estimates from CryptoQuant. #Bitcoin long-term holder whales sold $1.2B in the past 2 weeks, likely through brokers. ETF netflows are negative with $460M outflows in the same period. If this ~$1.6B in sell-side liquidity […]

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ForkLog 13 20.06.2024

Bitcoin Miners’ Reserves Dip Below 2021 Lows Following OTC Sell-Off

The reserves of Bitcoin miners have dwindled to 1.81 million BTC, falling below 2021 levels, according to CryptoQuant data. Bitcoin miners’ reserves. Data: CryptoQuant. The reduction in the reserves of the first cryptocurrency’s miners increases the asset’s supply, potentially exerting negative pressure on its price. However, the volume of bitcoins in miners’ wallets has been […]

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