mining bitcoin

US Miners Gain Ground as Chinese Pools Lead Bitcoin Hashrate: Cryptoquant

September 24, 2024 Bitcoin.com

Antpool

According to metrics shared by Ki Young Ju, the founder and CEO of cryptoquant.com, mining pools in China currently dominate 55% of Bitcoin’s network hashrate, while U.S.-based mining pools control about 40%. Chinese Pools Still Control Majority of Bitcoin Hashrate On Monday, Cryptoquant’s founder Ki Young Ju took to X (formerly known as Twitter) to […]

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LAPD Investigates $579,000 Bitcoin ASIC Miner Theft, Suspect Released

July 2, 2024 Bitcoin.com

ASIC

According to the Los Angeles Police Department (LAPD), a 26-year-old man was arrested and charged with stealing $579,000 worth of application-specific integrated circuit (ASIC) bitcoin miners. Local reports confirmed that the man has been released from jail, and the LAPD stated that the investigation is ongoing. Canyon Country Resident Accused of Stealing $579K Worth of […]

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Chinese Embassy Advises Citizens in Angola to Avoid Crypto Mining

April 22, 2024 Bitcoin.com

Angola

The Chinese Embassy in Angola has cautioned its citizens residing in the African nation to refrain from mining cryptocurrencies, as this activity is now considered a criminal offense. The embassy has also urged its citizens to be vigilant of virtual currency schemes that exploit users’ aspirations for rapid wealth and assured returns. Violators of Angola’s […]

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Short Sellers Target Bitcoin Miners as Reward Halving Nears, $2 Billion at Stake

April 15, 2024 Bitcoin.com

Bitcoin mining

A recent report highlights that the collective short interest in stocks from 15 bitcoin mining companies has approached the $2 billion mark. The performance of these mining stocks has declined compared to their stronger start earlier this year, coinciding with the proximity of just 663 blocks remaining until the next reward halving. Impending Bitcoin Halving […]

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Bitcoin Difficulty and Hashrate Reach Record Highs as Halving Draws Closer

April 11, 2024 Bitcoin.com

Bitcoin hashrate

Bitcoin’s network difficulty climbed to an unprecedented peak on April 10, 2024, at block height 838,656, increasing by 3.92% to reach 86.39 trillion. This escalation in difficulty will make it increasingly challenging to mine blocks as the fourth halving event nears, with fewer than 1,250 blocks remaining until block 840,000 is mined. Block 838,656 Marks […]

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Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production

April 5, 2024 Bitcoin.com

Bitcoin mining

According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in March, marking a 28.4% enhancement over March 2023’s earnings. Ahead of Bitcoin’s Next Halving, Bitdeer Taps TSMC for Proprietary Mining […]

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Arkon Energy Strikes Deal With Bitmain for 27,700 Bitcoin Mining Rigs

April 3, 2024 Bitcoin.com

Arkon Energy

On Tuesday, the Ohio-based bitcoin mining and colocation company Arkon Energy announced its procurement of 27,700 bitcoin mining rigs from Bitmain, equaling a hashpower of 6 exahash per second (EH/s). Ohio’s Arkon Expands Mining Fleet With 6 EH/S Boost From Bitmain Arkon Energy has revealed its acquisition of 27,700 bitcoin application-specific integrated circuit (ASIC) mining […]

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Marathon Introduces Custom Firmware and Control Board for Enhanced Bitcoin Mining Operations

March 26, 2024 Bitcoin.com

Bitcoin

This week, the publicly traded mining company Marathon Digital Holdings unveiled new firmware and a control board designed to enhance the efficiency of bitcoin mining rigs. Marathon revealed it has been developing this technology for about a year. Marathon Releases Custom Firmware and MARA UCB 2100 Control Board On March 25, 2024, Marathon (Nasdaq: MARA) […]

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LAPD Recovers $6.9 Million Worth of Stolen Bitcoin Mining Rigs, Suspects in Custody

March 22, 2024 Bitcoin.com

ASIC

The Los Angeles Police Department (LAPD) has apprehended three individuals following the theft of bitcoin mining equipment valued at $6.9 million. The Commercial Crimes Division’s Cargo Theft Unit announced the retrieval of all stolen items. California Authorities Arrest Trio for Stealing Bitcoin Mining Hardware On March 19, 2024, the LAPD, along with detectives from the […]

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Bitcoin Mining Stocks Rally Ahead of Halving: Double-Digit Gains Mark Midweek Surge

March 21, 2024 Bitcoin.com

Bitcoin mining

Publicly traded bitcoin mining companies experienced a revival this week, as numerous stocks saw double-digit increases on Wednesday. Shares of Cleanspark soared by 22.8%, Marathon’s shares climbed by 16.1%, and Riot’s shares increased by 11.81% throughout the trading day. Bitcoin Mining Equities See Recovery With Stellar Wednesday Gains With less than a month remaining until […]

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