Bitcoin Miner IREN Secures $9.7 Billion Contract with Microsoft
IREN has signed a contract with Microsoft to provide GPU-based cloud services. The five-year agreement is valued at approximately $9.7 billion.All about cryptocurrency mining, including Bitcoin and other digital currencies. News on mining in China, Russia, Ukraine, and globally. Learn what cryptocurrency mining is and how it works.
Bitcoin Miner IREN Secures $9.7 Billion Contract with Microsoft
IREN has signed a contract with Microsoft to provide GPU-based cloud services. The five-year agreement is valued at approximately $9.7 billion.
Riot Describes Bitcoin Mining as a Means to an End
Riot Platforms reported a net profit of $104.5 million in the third quarter, with record revenue of $180.2 million.
TeraWulf to Raise $500 Million for Texas Data Center Construction
TeraWulf will conduct a private placement of $500 million in convertible notes. Funds will go towards a Texas data center.
Crusoe Secures $1.375 Billion for AI Infrastructure Development with OpenAI
Formerly engaged in Bitcoin mining, Crusoe has raised $1.375 billion in a Series E funding round led by Mubadala Capital and Valor Equity Partners.
Solo Miner Strikes Bitcoin Block, Earns $347,455
A solo miner mined block #920,440 on the Bitcoin network, earning 3.141 BTC ($347,455).
Bitcoin Miners’ Debt Surges 500% Amid Hashrate Competition
Over the past year, the total debt of bitcoin miners has increased sixfold, from $2.1 billion to $12.7 billion, noted VanEck analysts.
Bitcoin Mining Profitability Declines by 7%
In September, the profitability of mining the leading cryptocurrency fell by over 7%, with daily revenue per 1 EH/s of hashrate dropping from $56,000 to $52,000. This was reported by CoinDesk, citing a report from Jefferies.
Canaan Unveils Eco-Friendly Mining Solution, Shares Surge by 40%
Shares of Canaan rose by 40% as the company announced a project to convert APG into electricity for mining and AI workloads.
Bitcoin Mining Difficulty Reaches Record 150.8T
On October 1st, following the latest adjustment, the mining difficulty of the leading cryptocurrency reached 150.8T. This figure increased by 5.9%, setting a new all-time high.
TeraWulf to Raise $3 Billion with Morgan Stanley’s Assistance
The mining firm TeraWulf is set to raise approximately $3 billion for data center construction through a Google-backed structure. This was reported by the company's CFO, Patrick Fleury, to Bloomberg.We use cookies to improve the quality of our service.
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