Mining
Higher Average Bitcoin Prices Boost TeraWulf’s Q3 Earnings
United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue […]
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Ohio Mining Facility Fire Extends Stock Sell-Off
Bitcoin mining company Bitdeer confirmed that a fire broke out at its facility in Massillon, Ohio, on Tuesday, with no reported casualties. The fire affected two of 26 buildings under construction at the Massillon site, […]
BitFuFu Doubles Q3 Revenue as Cloud Mining Demand Surges
Singapore-based cloud Bitcoin miner BitFuFu doubled its third-quarter revenue from the previous year, driven by demand for cloud mining and equipment as miners sought to capitalize on the rising price of Bitcoin. Total revenue increased […]
Solo Bitcoin Miner Wins $266K After Beating Huge Odds
A solo Bitcoin miner hit the jackpot on Friday, earning 3.146 BTC, worth roughly $266,000, after solving block 924,569 with only a tiny fraction of the computational power typically needed to win a block reward. […]
US Probes Bitmain ASICs for National Security Risks: Report
The leading Bitcoin mining application-specific integrated circuit (ASIC) manufacturer, Bitmain, which is based in China, is reportedly under investigation in the US over national security concerns. According to a Friday Bloomberg report, an unspecified US […]
