Marathon Digital Inks Renewable Energy Deal With Kenya; Crypto Miner to Invest $80M

May 26, 2024 Bitcoin.com

Marathon Digital Inks Renewable Energy Deal With Kenya; Crypto Miner to Invest M

bitcoin.com

Marathon Digital Holdings and the Kenyan Ministry of Energy and Petroleum recently signed an agreement which sees the crypto mining firm committing to invest $80 million in Kenya’s digital infrastructure. Following the memorandum of understanding (MOU) signing, the Kenyan government will establish a steering committee comprised of ministry officials and executives from Marathon. Joint Steering […]

Analyst Issues ,000 Bitcoin Price Warning As Crypto Markets Retreat

Analyst Issues $80,000 Bitcoin Price Warning As Crypto Markets Retreat

Shifting Sands of Bitcoin Mining: How Hydro-Cooling Tech is Leading the Charge Post-Halving

May 25, 2024 Bitcoin.com

ASIC miners

Now that the halving has occurred and fees are at a six-month low, the profitability of application-specific integrated circuit (ASIC) mining rigs has shifted significantly. It is now essential to ensure electricity is inexpensive and machines are efficient in terms of joules per terahash. The following is an examination of today’s top six ASIC miners […]

Analyst Issues $80,000 Bitcoin Price Warning As Crypto Markets Retreat

Marathon Digital enters renewable energy partnership with Kenyan gov’t

May 24, 2024 Coin Telegraph

Africa

Marathon Digital, one of the world’s leading Bitcoin mining operations, announced a collaboration to overhaul Kenya’s renewable energy sector.

Bitcoin mining giant Marathon Digital recently announced a new partnership with Kenya’s Ministry of Energy and Petroleum (MOEP) to develop the country’s already thriving renewable energy sector.

The partnership will focus on exchanging technical knowledge and research, policy ideas, investment strategies, and the development of critical energy infrastructure.

In the wake of the newly inked collaboration, Marathon Digital CEO Fred Thiel noted the advantages of fostering such a relationship with Kenya’s Ministry of Energy and Petroleum:

Analyst Issues $80,000 Bitcoin Price Warning As Crypto Markets Retreat

Northern Data’s Peak Mining Acquires Second 300-Megawatt Site in Texas

May 24, 2024 Bitcoin.com

Bitcoin mining

According to Peak Mining, a subsidiary of the German bitcoin mining and infrastructure firm Northern Data, the company has announced the purchase of a 300-megawatt ERCOT-approved site in Corpus Christi, Texas. The site is adjacent to another location acquired by the firm in December 2023. Peak Mining Purchases ERCOT-Approved Texas Site Northern Data’s Peak Mining […]

Analyst Issues $80,000 Bitcoin Price Warning As Crypto Markets Retreat

Paraguay Cracks Down on Illegal Bitcoin Mining: Over 550 Miners Seized

May 24, 2024 Bitcoin.com

ANDE

Paraguayan authorities have intensified their efforts to fight illegal bitcoin mining, using innovative techniques including artificial intelligence (AI) and its distribution systems to detect these activities. In less than a week, two new illegal bitcoin mining operations have been closed with over 550 miners seized, causing undetermined damages to the National Power Administration (ANDE). Paraguay […]

Analyst Issues $80,000 Bitcoin Price Warning As Crypto Markets Retreat

Bitcoin Difficulty Rises 1.48% Reaching 84.38 Trillion at Block 844,704

May 23, 2024 Bitcoin.com

Bitcoin

Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns with Bitcoin’s overall hashrate exceeding the 600 exahash per second (EH/s) mark. Bitcoin Network Difficulty Increases by 1.48% On May 23, 2024, at block 844,704, the difficulty adjusted from 83.14 trillion to 84.38 trillion. This rise follows a 5.62% […]

Analyst Issues $80,000 Bitcoin Price Warning As Crypto Markets Retreat

Venezuelan Authorities Announce Bitcoin Mining Ban, Confiscate Over 11,000 Miners to Face the Nation’s Energy Crisis

May 19, 2024 Bitcoin.com

Bitcoin (BTC)

The Venezuelan National Power Ministry announced a special operation to disconnect all bitcoin mining farms from the grid. Authorities have seized over 11,000 bitcoin miners as the government seeks to reduce the power usage from high-power customers siphoning energy from the national electric system. Venezuelan Authorities Seize and Disconnect Over 11,000 Bitcoin Miners Amidst Energy […]

Analyst Issues $80,000 Bitcoin Price Warning As Crypto Markets Retreat

Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to $39.4 Million

May 18, 2024 Bitcoin.com

Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to .4 Million

bitcoin miner

In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same period which resulted in the company recording a gross loss of $37.3 million. Nangeng Zhang claimed that Canaan’s revenues in the last quarter exceeded expectations due to the company’s persistent sales efforts and […]

Analyst Issues $80,000 Bitcoin Price Warning As Crypto Markets Retreat

Crypto Mining Surge and Erratic Weather Strain Laos’ Power Grid

May 17, 2024 Bitcoin.com

Bitcoin mining

A report released on May 16 highlights how increased electricity consumption due to crypto mining and inconsistent rainfall have led to power shortages in Laos, challenging its goals as a hydropower exporter in Southeast Asia. Reuters: Increased Crypto Mining Strains Laos’ Hydropower Grid Laos, often called the “battery of Southeast Asia” for its extensive hydropower […]

Analyst Issues $80,000 Bitcoin Price Warning As Crypto Markets Retreat

El Salvador Reportedly Mined Nearly 474 BTC Using Geothermal Energy

May 16, 2024 Bitcoin.com

Bitcoin (BTC)

El Salvador, the first country to adopt bitcoin as legal tender, has reportedly added 473.5 BTC to its treasury using geothermal energy. According to reports, official data released by The Bitcoin Office of El Salvador (ONBTC) disclosed that this number of bitcoin was mined since 2021 using 1.5 MW of power from the Tecapa volcanic […]

Mining

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