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Bankrupt Celsius Aims to Raise $14.4 Million From Bitcoin Mining Rig Credits and Coupons

Bankrupt Celsius Aims to Raise .4 Million From Bitcoin Mining Rig Credits and CouponsDefunct cryptocurrency lender Celsius aims to secure more than $14 million from credits and coupons backed by Bitmain, according to an interim CEO Christopher Ferraro in a bankruptcy court filing dated Feb. 9, 2023. Ferraro stated in the filing that the “coupons currently provide no utility to the debtors’ mining business.” Celsius Interim CEO Outlines […]

CFTC commissioner urges US crypto policy reforms

Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design

Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip DesignFollowing Bitmain’s product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new miners as well. Revealed during the Bitcoin 22 conference in Miami, Microbt showcased the company’s new Whatsminer M50 series, which offers hashrate speeds of up to 126 terahash per […]

CFTC commissioner urges US crypto policy reforms

Bitmain Reveals New Liquid-Cooled ASIC Mining Rig With 255 TH/s of Computing Power

Bitmain Reveals New Liquid-Cooled ASIC Mining Rig With 255 TH/s of Computing PowerLeading ASIC mining device manufacturer Bitmain has revealed a new bitcoin miner that’s even faster than the company’s last machine, which boasts 198 terahash per second (TH/s). The latest model, called the Antminer S19 XP Hyd., is also a liquid-cooled ASIC mining device that claims to produce 255 TH/s at 20.8 joules per terahash (J/T). […]

CFTC commissioner urges US crypto policy reforms

Bitmain Reveals Hydro Bitcoin Miner With 198 Terahash, Produces Almost Double the Power of Today’s Top Machines

Bitmain Reveals Hydro Bitcoin Miner With 198 Terahash, Produces Almost Double the Power of Today’s Top MachinesOne of the largest bitcoin mining rig manufacturers in the world, Bitmain announced the launch of a new bitcoin miner that boasts speeds of up to 198 terahash per second (TH/s). The new model is called the Antminer S19 Pro+ Hyd. and it leverages liquid cooling technology in order to improve overall efficiency. Bitmain’s Latest […]

CFTC commissioner urges US crypto policy reforms

Canaan Secures Order for 30,000 Bitcoin Mining Rigs From Genesis Digital Assets

Canaan Secures Order for 30,000 Bitcoin Mining Rigs From Genesis Digital AssetsThe application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer Canaan has announced the company has secured a follow-on contract from Genesis Digital Assets for 30,000 mining machines. The sale is part of an agreement between Canaan and Genesis that gives the mining operation the option to purchase up to 180,000 ASIC bitcoin mining rigs. Canaan […]

CFTC commissioner urges US crypto policy reforms