Cryptocurrency Mining | ForkLog

ForkLog 20 19.06.2024

CleanSpark to Acquire Five Bitcoin Mining Facilities for $25.8 Million

American mining firm CleanSpark has finalized an agreement to purchase five operational Bitcoin mining facilities in Georgia for $25.8 million. Today we announced the acquisition of 5 new #bitcoin mining sites in Georgia equivalent to 60 MW of infrastructure. The purchase is expected to close immediately and increase $CLSK‘s #hashrate by 3.7 EH/s upon full […]

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ForkLog 39 18.06.2024

Bitmain Expands Antminer S21 Bitcoin Miner Range

At the World Digital Mining Summit in Las Vegas, Bitmain unveiled a new model in its Antminer S21 bitcoin miner series, boasting energy efficiency of up to 12 J/TH. ?#WDMS 2024 in Las Vegas?ANTMINER S21 XP Hyd. Newly Launched❗️473T ❗️12J/T?Revolutionizing Hydro-cooling Once Again ?Shipping from 2024 Q4 to 2025 Q1 pic.twitter.com/l7iHHKBIwg — BITMAIN (@BITMAINtech) June […]

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ForkLog 5 17.06.2024

Public Miners’ Market Capitalisation Hits Record $22.8 Billion

On June 15, the market value of 14 US-listed mining companies tracked by JPMorgan reached an all-time high of $22.8 billion, according to CoinDesk. Analysts noted that in the previous two weeks, the stock prices of nearly all companies in the sample outperformed Bitcoin, as investors reacted positively to news of Core Scientific’s (CORZ) deal […]

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ForkLog 11 16.06.2024

Bitcoin Mining Output Declines in May, Report Miners

In early June, mining companies reported their performance results for the previous month. ForkLog has compiled the key figures in one article. Marathon Digital Holdings In May, Marathon Digital Holdings produced 616 BTC — a 51% decrease compared to the same period last year. Compared to April, the figure dropped by 27%. Data: Marathon Digital […]

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ForkLog 9 14.06.2024

Greenpeace Criticizes Wall Street’s Support for Bitcoin

Greenpeace released a report urging major Wall Street companies supporting Bitcoin to take responsibility for environmental pollution. The organization accused some financial players of hypocrisy and false “green” initiatives. Environmentalists compared the mining industry to the tobacco and fuel industries. Wall Street giants like BlackRock and Vanguard contribute to the environmental damage caused by the […]

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ForkLog 7 14.06.2024

Riot Platforms Expands Stake in Bitfarms to 14%

The mining firm Riot Platforms has increased its holdings in rival Bitfarms to 57.62 million shares (14%). Over the course of a week, the company allocated $3.87 million to acquire 1.43 million securities. These actions reflect Riot’s ambitions to execute a hostile takeover of Bitfarms. On May 29, it was revealed that the company had […]

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ForkLog 11 13.06.2024

Analyst: Bitcoin Halving Triggers Miner Capitulation

On-chain analyst Ali Martinez is convinced that the reduction in Bitcoin mining profitability following the April halving has triggered a “wave of capitulations” among miners.

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ForkLog 9 12.06.2024

Bitwise Predicts $20 Trillion GDP Boost from Cryptocurrencies and AI

By 2030, the global GDP is expected to increase by $20 trillion due to the digital assets and artificial intelligence industries. This perspective was expressed by Juan Leon, a senior cryptocurrency research analyst at Bitwise. As a potential collaboration between the two sectors, the expert highlighted partnerships between miners and AI companies. The AI boom […]

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ForkLog 17 12.06.2024

Donald Trump Vows to Safeguard Bitcoin Mining Sector

Presidential candidate Donald Trump held a meeting with representatives from the Bitcoin mining industry, pledging to protect mining operations in the United States and globally. So. I just ran into a guy that’s a huge fan of #bitcoin and LOVES what we’re doing at @CleanSpark_Inc in #georgia and #mississippi and #wyoming. pic.twitter.com/ofSXJGWWfn — S Matthew […]

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ForkLog 8 10.06.2024

Bitfarms Adopts ‘Poison Pill’ to Thwart Riot Platforms Takeover

The board of directors of the mining company Bitfarms has adopted a shareholder rights plan following a purchase proposal from competitor Riot Platforms. This initiative, commonly referred to as a “poison pill,” aims to protect the interests of security holders by preventing any potential hostile takeover attempts. On May 29, it was revealed that Riot […]

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ForkLog 14 07.06.2024

Riot Expands Stake in Rival as Core Scientific Rejects $1 Billion Acquisition

Analysts anticipated a wave of consolidations in the mining industry following the halving. Recent activities by major players in the sector have confirmed these forecasts. Core Scientific Rejects $1 Billion Offer from CoreWeave Mining firm Core Scientific rejected a non-binding proposal from AI company CoreWeave to acquire all outstanding shares at $5.75 each, totaling approximately […]

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ForkLog 5 06.06.2024

Russian Mining Bill Faces Calls for Revision

The Legal Department of the Russian State Duma has identified issues with a bill regulating mining and introducing a partial ban on cryptocurrency circulation in the country. The document was published by the Telegram channel “Mendeleevshina.” According to the review, vague wording in the article defining the organization of digital currency circulation is inconsistent with […]

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