mining bitcoin

Bitcoin Mining Operation Genesis Digital Assets Announces New Data Center in West Texas

November 1, 2021 Bitcoin.com

1.4 gigawatts

Following a number of ASIC mining rig acquisitions from the manufacturer Canaan, the bitcoin mining operation Genesis Digital Assets announced on Monday that the firm is developing an industrial-scale bitcoin mining data center in West Texas. According to the announcement, Genesis says that the new facility will have 300 megawatts of capacity with a “low […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Salvadoran President Shares Video of Volcano-Powered Bitcoin Mining Facility

September 29, 2021 Bitcoin.com

$480 million

On Tuesday, Salvadoran president Nayib Bukele shared a video of a bitcoin mine operating adjacent to a volcano. Bukele discussed the volcano-powered bitcoin mining on June 9 when he talked about the “95MW of 100% clean, 0 emissions geothermal energy from our volcanos.” El Salvador’s Nayib Bukele Shares a Video of the ‘First Steps’ Behind […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Genesis Digital Assets Acquires 20,000 Bitcoin Mining Rigs From Canaan, Company Has Option to Buy 180K More

August 31, 2021 Bitcoin.com

1.4 gigawatts

The China-based bitcoin ASIC mining machine manufacturer Canaan has announced the company has forged a partnership with Genesis Digital Assets, and the two firms have now signed a deal for a large purchase order. Genesis will buy 20,000 bitcoin miners from Canaan and the mining operation also has the option to purchase an additional 180,000 […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Higher Bitcoin Prices Create Resurrection of Old Mining Rigs, Outdated Miners See New Life

August 30, 2021 Bitcoin.com

$0.12 per kWh

The price of bitcoin has dipped a hair in value this past week, but the crypto asset is still up 14.4% over the course of the last month. Statistics show that Bitcoin’s hashrate has seen a resurgence and because bitcoin’s price has increased, mining profitability and hashrate has followed suit. Today’s top bitcoin mining rig […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Bitcoin Network’s Mining Difficulty Expected to See Largest Increase in Over 2 Months

August 10, 2021 Bitcoin.com

Antpool

Bitcoin’s hashrate has been steadily climbing after dropping to 69 exahash per second (EH/s) on June 28, as it reached a high of 117 EH/s on Tuesday morning (EDT). The rise in hashpower will likely lead to the highest difficulty expansion in 89 days as estimates currently show a 7.39% increase is due in two […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Compass Mining Partners With Oklo to Power Bitcoin Mining Operations With Advanced Fission

July 15, 2021 Bitcoin.com

Advanced Fission

Bitcoin mining firm Compass Mining announced the company has entered a 20-year partnership with Oklo Inc., a California-based firm that produces clean, emission-free energy via advanced fission. Oklo explains the company is committed to providing 150 megawatts (MW) of clean power to Compass in order to drive bitcoin mining operations. Advanced Fission and Bitcoin Mining […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

123-Year-Old Hydroelectric Plant Sees New Life Mining Bitcoin — Revenue 3x Higher Than Selling to the Grid

July 9, 2021 Bitcoin.com

1897

On Thursday local reports from Mechanicville, the city located in Saratoga County, New York, say that an old hydroelectric plant constructed back in 1897 was almost dismantled, but today the plant is mining bitcoins. The Mechanicville facility is considered one of the oldest renewable energy plants in the world, and it’s now making “more money […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Bitcoin Miner Greenidge Generation Plans to Develop South Carolina Mining Facility

July 4, 2021 Bitcoin.com

Bitcoin mining

On Friday, the bitcoin mining operation Greenidge Generation Holdings announced the company is expanding to South Carolina in order to develop the firm’s next bitcoin mining facility. Greenidge details that the carbon-neutral Spartanburg facility will be ready in 2021 or early 2022. Bitcoin Miner Greenidge Generation Plans to Expand to South Carolina Spartanburg, South Carolina, […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Bitcoin’s Hashrate Recoups Some Loss, 2021’s Largest Mining Difficulty Drop Expected Next Week

June 27, 2021 Bitcoin.com

100 EH/s

On Saturday, Bitcoin’s SHA256 hashrate managed to climb back above the 100 exahash per second region after it slid to a low of 91 EH/s three days ago. Meanwhile, in five days the network’s mining difficulty change is approaching and it could see the difficulty drop over 20%. Bitcoin Hashrate Climbs Back Above 100 EH/s, […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum

Waste Coal-Converting Bitcoin Miner Stronghold Digital Mining Raises $100 Million

June 23, 2021 Bitcoin.com

Bitcoin mining

On Tuesday, Stronghold Digital Mining, Inc., an ESG-friendly cryptocurrency miner announced it has raised $105 million in two private equity securities funding rounds. Stronghold’s operations convert waste coal into alternative energy in order to mine bitcoin and other cryptocurrencies. ESG-Friendly Crypto Miner Turns Coal Waste to Bitcoin, Operation Raises $100M While many have been focused […]

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2021 Bull Run Déjà Vu? Altcoin Market Gains Momentum