#Cryptocurrency Mining

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.

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ForkLog 16 23.08.2022

Arcane Research analyst forecasts Bitcoin network energy consumption in 2040

If the price of Bitcoin reaches $2 million by 2040, the network's annual energy consumption will reach 894 TWh.

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ForkLog 14 21.08.2022

Analyst notes completion of the Bitcoin miner capitulation phase

Capriole Investments founder Charles Edwards concluded that the Bitcoin miner capitulation period has ended.

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ForkLog 10 19.08.2022

US lawmakers demand environmental data from cryptocurrency miners

Members of the US House Committee on Energy and Commerce sent a data request to four cryptocurrency mining companies seeking information on the environmental impact of their activities.

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ForkLog 12 19.08.2022

Bloomberg: SBI Holdings to halt crypto mining in Russia

The Japanese financial conglomerate SBI Holdings has decided to wind down cryptocurrency mining operations in Russia. Bloomberg reports.

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ForkLog 8 19.08.2022

BIT Mining’s second-quarter revenue falls by $101 million

For the second quarter, BIT Mining Limited, owner of the BTC.com pool, reported revenue of $195.5 million. This is below the January–March figure by $101.2 million.

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ForkLog 10 19.08.2022

Largest Ethereum mining pool will not back PoW forks of the network

The largest Ethereum mining pool Ethermine has stated that it will not support any of the potential forks based on the Proof-of-Work (PoW) algorithm.

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ForkLog 10 17.08.2022

Stronghold trims mining capacity and debt burden

American company Stronghold Digital Mining announced “substantial measures” to restructure debt with a reduction in Bitcoin mining capacity in the second quarter.

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ForkLog 6 17.08.2022

Rriot Blockchain posts quarterly loss of more than $366 million

During the second quarter, the Riot Blockchain mining company posted a net loss of $366.3 million on revenue of $72.9 million.

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ForkLog 7 16.08.2022

PrimeBlock and SPAC 10X Capital terminate $1.25 billion merger agreement

Bitcoin miner Prime Blockchain (PrimeBlock) and SPAC company 10X Capital Venture Acquisition Corp II terminated the merger agreement valued at $1.25 billion, according to a report filed with the SEC.

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ForkLog 9 16.08.2022

Greenidge Generation posts a $107.9 million loss in the second quarter

The mining company Greenidge Generation revised its Texas expansion plans amid a second-quarter loss of $107.9 million.

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ForkLog 11 15.08.2022

Bitfarms reports $142 million loss for Q2

For the second quarter, Bitfarms, listed on Nasdaq and the Toronto Stock Exchange, posted a net loss of $142 million. In April–June, the mining company mined 1,257 BTC, according to the press release.

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ForkLog 24 15.08.2022

Bitmain to Provide Financing to Miners in Partnership with Antalpha

ASIC miner manufacturer Bitmain has struck a strategic partnership with Antalpha to provide financial support to customers in a crypto winter. Bloomberg reports.

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