Mining
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Mining
How Cheap Power Made Libya a Bitcoin Mining Hotspot
Key takeaways Libya’s cheap, subsidized electricity made it profitable to run even older, inefficient Bitcoin miners. At its peak, Libya is estimated to have generated around 0.6% of the global Bitcoin hash rate. Mining operates […]
Mining
Bitcoin miners find new ally in Google for AI transformation
Search engine giant Google has emerged as a silent architect behind Bitcoin miners’ rapid pivot towards artificial intelligence (AI). Instead of acquiring mining firms, the Alphabet-owned company has provided at least $5 billion of disclosed […]
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Hut 8 Lands Google-Backed $7B AI Data Center Lease
Bitcoin mining company Hut 8 signed a 15-year, $7 billion lease to deliver 245 megawatts of artificial intelligence data center capacity at its River Bend campus in Louisiana, marking one of the biggest infrastructure agreements […]
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Mining
Ex-Canaan exec Blames China for 10% Bitcoin Hashrate Fall
Bitcoin’s hashrate fell by about 10% in a single day on Sunday, with Jianping Kong, former co-chairman of Bitcoin mining hardware producer Canaan, attributing it to mining farms shutting down in China’s Xinjiang autonomous region. […]
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