bitcoin mining

TeraWulf Inc. (NASDAQ: WULF) on Monday announced that Pennsylvania is now home to a 100% nuclear-powered Bitcoin (CRYPTO: BTC) mining facility, a first of its kind, utilizing reliable, carbon-free, and 24x7 baseload power from the 2.5 GW Susquehanna nuclear generation station in Pennsylvania. The...

Beleaguered cryptocurrency lender Celsius (CRYPTO: CEL) lacks proper asset and liability tracking and attempted to cover up false statements made publicly by its Chief Executive Officer Alex Mashinsky. That's according to independent examiner Shoba Pillay, who informed the U.S Bankruptcy Court...

Bitcoin (CRYPTO: BTC) mining company Bitfarms (NASDAQ: BITF) on Thursday announced the promotion of Geoffrey Morphy to the position of president and chief executive officer, effective immediately. Morphy, who previously served as president and chief operating officer, has been instrumental in the...

A strong storm swept across North America over the weekend and caused Bitcoin (CRYPTO: BTC) miners to shut down throughout the United States. Data from BTC.com shows that between Dec. 21 and 24, the Bitcoin mining hashrate - a measure of computational power on the blockchain - decreased by...

Core Scientific (NASDAQ: CORZ), one of the largest publicly traded Bitcoin (CRYPTO: BTC) mining companies in the U.S., is filing for Chapter 11 bankruptcy protection on early Wednesday morning, CNBC reported, citing sources. What Happened: According to CNBC, this drastic move follows a year of...

While the crypto community was left rattled by the FTX (CRYPTO: FTT) debacle throughout November, crypto mining firms relentlessly pursued all available avenues to shore up revenues and maintain margins. In what is possibly one of the harshest crypto winters ever seen, these digital asset mining...

Bitcoin (CRYPTO: BTC) miner Hut 8 Mining Corp (NASDAQ: HUT) is looking for third-party energy supplier mediation after disagreements over a joint power purchase agreement caused portions of its operations to shut down. The Canadian company was forced to halt mining bitcoin at its facility in North...

Popular crypto analyst Will Clemente has said that we are entering into a Bitcoin (CRYPTO: BTC) miner capitulatory period. The capitulatory period refers to a string selling activity, where investors — in this case, miners — give up their positions and sell their holdings as...

New York has passed a law that will ban new Bitcoin (CRYPTO: BTC) mining companies from setting up bases in the state unless they use 100% renewable energy. What Happened: The Empire State's governor Kathy Hochul signed the law into effect on Tuesday banning certain Bitcoin mining operations in New...

Canaan (NASDAQ: CAN), a manufacturer of Bitcoin (CRYPTO: BTC) mining equipment, reported lackluster third-quarter financial results on the heels of a difficult few months for the crypto industry. According to the Beijing-based company: Net income plummeted 88% to 61.1 million yuan ($8.6 million)...

Investors who bought stocks during the COVID-19 market crash in 2020 have generally experienced some big gains in the past two years. But there is no question some big-name companies performed better than others since the pandemic bottom. Riot Blockchain Inc (NASDAQ: RIOT) benefitted from economic...

Cryptocurrency miner Argo Blockchain PLC - ADR (NASDAQ: ARBK) on Monday warned its shareholders of an imminent collapse if it failed to garner further financing, leading to its stock price nose-diving by over 50% amid a slump in the digital assets market.  In a letter to its shareholders...

Core Scientific (NASDAQ: CORZ) stock nose-dived by nearly 77% after it warned shareholders of a potential bankruptcy if it failed to improve its financial condition. The company, one of the world’s largest Bitcoin (CRYPTO: BTC) miners, told shareholders that it can't pay off its debt and...

Central Asian country Kazakhstan has become one of the world’s leading hubs for Bitcoin (CRYPTO: BTC) mining, ranking behind the United States and China. What Happened: This comes after China in August 2021 suspended mining and trading operations, placing the U.S. at the top — and...

Cryptocurrency exchange Binance has announced a $500 million lending pool for Bitcoin (CRYPTO: BTC) miners as the industry gets stifled by energy costs, low Bitcoin prices and higher-than-ever mining difficulty. The goal of the Binance Pool initiative is to “provide secure debt financing...