Bitfufu Launches Private-Label Mining Pool With Competitive Commission Rates

December 5, 2024 Bitcoin.com

Bitfufu, a cryptocurrency mining service provider, announced the launch of Bitfufu Pool, a private-label mining pool offering commission rates starting at 0.4%. Bitfufu Expands Services With Low-Commission Bitcoin Mining Pool The service, set to roll out next week, will be accessible via the Bitfufu app and is exclusively focused on Bitcoin mining. The company, Bitfufu […]

Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024

Bitcoin Miner Foundry Cuts Jobs, Focuses on Core Business

December 5, 2024 Bitcoin.com

ASIC

Foundry, a leading bitcoin mining company, has laid off nearly a third of its workforce as part of a broader restructuring effort. Foundry Spins off AI Arm, Cuts Jobs Bitcoin miner Foundry has laid off nearly a third (27%) of its employees, with more than half of those affected based in the U.S. According to […]

Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024

BIT Mining Acquires Ethiopian Data Centers and Mining Machines

December 5, 2024 Bitcoin.com

Bitcoin mining

BIT Mining (NYSE: BTCM) has agreed to acquire 51-megawatt crypto mining data centers and 17,869 bitcoin mining machines in Ethiopia for $14.28 million. The consideration comprises a cash payment of $2.265 million and the issuance of Class A ordinary shares of the Company with a par value of $0.00005 per share, amounting to an aggregate […]

Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024

MARA Holdings acquired over $600M Bitcoin in the last two months

December 2, 2024 Coin Telegraph

Bitcoin

MARA Holdings urged the US government to be more aggressive in securing positions in Bitcoin and Bitcoin mining.

Crypto miner Marathon Digital has spent more than $600 million to purchase Bitcoin in the last two months, according to a filing with the United States Securities and Exchange Commission.

In a Dec. 2 filing, MARA Holdings said it acquired 6,484 Bitcoin (BTC) between Oct. 1 and Nov. 30. The coins were purchased for $618.3 million in cash at an average price of $95,352 per BTC.

In addition, MARA Holdings said in a press release that it intends to offer $700 million in convertible senior notes due 2031 in a private offering. The proceeds will be used to purchase more Bitcoin and repurchase existing convertible notes due in 2026.

Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024

A Deep Dive into Bitcoin Mining Veteran Hut 8

December 1, 2024 Bitcoin.com

Bitcoin mining

A deep dive into Hut 8 Mining, uncovering its often overlooked business sectors. Understand its financial performance, strategic initiatives and HPC/AI developments. The following guest post comes from Bitcoinminingstock.io, providing comprehensive data, in-depth research, and analyses on Bitcoin mining stocks. Originally published on Nov. 29, 2024, it was penned by Bitcoinminingstock.io author Cindy Feng. The […]

Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024

Bitcoin Miners Raised Over $5 Billion in 2024 With $3.6 Billion Spent on Machines and Infrastructure

November 30, 2024 Bitcoin.com

Bitcoin

Bitcoin mining companies channeled a significant portion of their fund raises into machine and infrastructure upgrades. Miners Raise Big and Invest Big in Bitcoin Mining 16 publicly traded bitcoin mining companies have raised more than $5 billion in 2024, according to theminermag.com. The report also revealed that Q3 had the biggest property, plant, and equipment […]

Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024

Microsoft breakthrough signals quantum-exclusive future for blockchain mining

November 28, 2024 Coin Telegraph

Atom Computing

The new hardware could ultimately host a theoretical algorithm with the potential to transform proof-of-work.

Microsoft and Atom Computing, a technology firm based in California, recently announced a breakthrough in quantum computing that could pave the way for a proof-of-work transformation in the world of blockchain mining.

Scientists and engineers from the two companies developed a quantum computing system made up of 24 entangled logical qubits produced by just 80 physical qubits — a feat that sets a new record for the highest number of entangled logical qubits achieved using error correction techniques.

The significance of this scientific breakthrough is in the teams’ achieved efficiency. Previous estimates have indicated that it could take thousands of physical qubits working in tandem to produce a single logical qubit.

Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024

BTC Miner Cipher Expands Texas Operations With 100 MW Data Center

November 27, 2024 Bitcoin.com

Bitcoin mining

Cipher Mining Inc., a bitcoin mining company listed on Nasdaq, has announced the acquisition of a 250-acre site in West Texas. Cipher Mining Secures Strategic Site for Bitcoin Mining Expansion According to Cipher Mining’s (Nasdaq: CIFR) announcement, the new facility, known as the Stingray site, will add 100 megawatts (MW) of front-of-the-meter capacity to its […]

Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024

Cipher Mining: Will It Be Another Standout Bitcoin Miner This Cycle?

November 23, 2024 Bitcoin.com

Bitcoin

Dive into Cipher Mining’s Q3 2024 performance. From revenue challenges to strategic investment in fleet upgrades, data center expansion and plans for AI/HPC. Discover what’s next for this Bitcoin miner! The following guest post comes from Bitcoinminingstock.io, providing comprehensive data, in-depth research, and analyses on Bitcoin mining stocks. Originally published on Nov. 21, 2024, it […]

Despite Bitcoin’s surge, mining stocks struggle to match gains in 2024

MARA Piles Into Bitcoin: 5,771 BTC Bought After $1B Note Offering

November 23, 2024 Bitcoin.com

MARA Piles Into Bitcoin: 5,771 BTC Bought After B Note Offering

Bitcoin mining

MARA Holdings Inc., the largest publicly traded bitcoin mining firm, has wrapped up a $1 billion issuance of 0% convertible senior notes set to mature in 2030. Nasdaq Listed Bitcoin Miner MARA Buys 5,771 Bitcoin Following Sale of Convertible Notes MARA Holding, listed as MARA on Nasdaq, stated that the funds will go toward acquiring […]

Bitcoin mining

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