In its advanced announcement, the renowned Web infrastructure and crypto mining hardware development company Auradine announced the successful completion of an $80 million funding round. The April 10 series B funding round was led by fast-paced crypto and fintech companies. The participants…
Bitcoin Layer 2 solutions represent a pivotal advancement in blockchain technology, aiming to address the scalability and functional limitations of the Bitcoin network. By creating an additional layer for transaction processing, these projects enable higher transaction throughput and broader application capabilities, all…
In a February 27 report, the American-based crypto-miner Hut 8 officially launched the construction of a new mining facility in Culberson, Texas. The Hut 8 team confirmed that the new mining site will generate 63 megawatts that will be directed toward improving…
As we approach the long-awaited Bitcoin halving, crypto miners have invested heavily in acquiring new infrastructures to maximize their profits post-halving. Marathon Digital has joined the slew of miners preparing for the 2024 Bitcoin halving. In a December 19 report, the Marathon…
In an advanced report dated December 18, the prominent Bitcoin miner in Canada Hut 8 signed an interim agreement with Celsius creditors to establish a new mining site in Cedarvale, Texas. The bankrupt crypto lender Celsius Network has sought to attain its…
Tether has extended its loan facility to German data center operator, Northern Data Group. The $610 million loan will help Northern Data Group expand its Bitcoin mining, AI, and data center operations. “Northern Data Group entered into a loan agreement with a…
Applied Digital, a Dallas-based crypto mining company, has dramatically intensified its Bitcoin mining output. On Friday, the Applied Digital team officially launched a new data center in Texas. According to the announcement, the new mining facility will generate 200 megawatts. The report…
In a recent report the government of Uzbekistan revealed plans to adopt restrictive measures in crypto mining. A bill on licensing crypto mining activities has been discussed in several Uzbekistan legislative bodies. In an exclusive interview with a local newsroom, the National…
As the crypto sector prepares to tap new opportunities in the upcoming Bitcoin halving, miners in Kazakhstan have expressed concerns on the limitations imposed by the government on crypto mining. In October 3 report the crypto miners advised President Kassym-Jomart Tokayev to…
Foundry, the US-based crypto mining service provider, has shared a report on the amount of Bitcoin hash rates generated in the region. The report demonstrated that Texas leads other states in developing Bitcoin hash rates. Per Foundry report, Texas generates approximately 28.5%…
In an advanced report, the Chamber of Digital Commerce (CDC) revealed plans to launch an strategic coalition dubbed Digital Power Network (DPN) to support the agency in promoting innovation. The launching of DPN aims to support the organization in establishing robust trade…
An official publication issued by Marathon Digital Holding revealed that Bitcoin production fell by 9% in the previous month. The report outlined the exact amount of Bitcoin produced between July and August. The statistics shared by the Marathon group indicated that the…
Cambridge Bitcoin Electricity Consumption Index (CBECI), a renowned institution providing real-time electricity consumption estimates, has completed revising the computation approach. The successful reassessment aims to improve the index estimates’ accuracy and reliability. Since 2019, the CBECI has supported Bitcoin mining activities by…
On Tuesday, August 22, the Oman Ministry of Transport, communication, and information technology (MTCIT) officially launched an innovative data hosting and crypto mining center. The launching event was preceded by Hamoud al Maawali, an engineer at MTCIT. The new mining center is…
An announcement conveyed by the chief executive officer of Hive Digital, Aydin Kilic, revealed that artificial intelligence and blockchain technology have massive potential to transform the Web3 sector. The CEO stated that AI and blockchain are the core pillars of Web3 development….
In an advanced report, the leading stablecoin issuer, Tether, revealed that the firm has invested in creating innovative software to improve Bitcoin mining activities. The proposed software will support Bitcoin mining operations that leverage data analytical tools and renewable energy. Addressing the…
The team behind the world’s largest stablecoin, Tether (USDT), has announced plans to release revolutionary Javascript Libraries. The announcement conveyed by Tether developers revealed that the proposed Javascript modules would support sending commands and signals to Bitcoin-oriented mining hardware such as WhatsMiner,…
Phoenix Technology, the prominent crypto mining hardware retailer, confirmed plans to hold talks on an initial public offering (IPO) in the United Arab Emirates (UAE). An IPO offering involves selling privately owned shares to retail and institutional clients. According to two people…
The UK-based British multinational bank Standard Chartered forecast that Bitcoin (BTC) will break the $120 000 resistance level in Q4 of 2024. The Standard Chartered report demonstrated that the BTC price will increase by 300% from the $30 000 current reading. In…
The prominent Bitcoin mining company Cipher has invested in purchasing 11000 mining machines. The Cipher team issued a press release dated May 9 concerning the purchases of the Bitcoin miners. In the announcement, the Cipher group confirmed that the purchases aimed at…
