bitcoin mining

Sen. Elizabeth Warren and six other members of the U.S. Congress called on leaders in Texas to disclose the energy usage and environmental impact of Bitcoin mining operations in the state. What Happened: Warren (D-MA) sent a letter to the Electric Reliability Council of Texas and its CEO Pablo...

Bitcoin (CRYPTO: BTC) asset management firm Grayscale announced a new investment product that gives investors exposure to Bitcoin mining equipment. The fund will generate money to purchase Bitcoin ASIC computers, which Foundry Digital will run to mine and trade Bitcoin for investors. The Asset...

YPF Luz, a division of the state-owned Argentine energy company YPF has begun an initiative to use residual gas to power Bitcoin (CRYPTO: BTC) mining. The project seeks to make use of this residue from the earliest phases of oil well drilling and is presently being tested in Vaca Muerta, one...

Fluctuations in the prices of Bitcoin (CRYPTO: BTC) only affect investor sentiment in the short term and do not impact miners’ profitability. That's according to BitPatagonia chief technical officer Nick Damico. “Bitcoin's price changes and fluctuations in the short run affect...

Bitcoin (CRYPTO: BTC) mining company Marathon Digital Holdings (NASDAQ: MARA) has rallied 63% over five days. What Happened: According to data from Benzinga Pro, MARA rallied from $8.26 on Monday to $13.49 on Thursday. The stock was trading 1.85% higher during the pre-...

The mining difficulty for Bitcoin (CRYPTO: BTC) has fallen 2.35% alongside the Bitcoin hash rate, which dropped to 288 EH/S earlier. What Happened: On June 22, Bitcoin’s mining difficulty dropped 2.35% at 741,888 block height. This drop is associated with a current difficulty rate...

Bitcoin (CRYPTO: BTC) miners are said to be playing an important role in keeping the air conditioners up and running in Texas as the heatwave intensifies. What Happened: According to a report from Fox Business on Thursday, Bitcoin miners are aiding in stabilizing the Texas...

A Nevada-based independent Bitcoin (CRYPTO: BTC) miner has been mining blocks from his home using Tesla Inc (NASDAQ: TSLA) solar panels and its Powerwall. What Happened: In an explanatory thread on Twitter, Miner 4 Heat detailed how he optimizes energy costs while mining Bitcoin from his residence...

New York lawmakers passed legislation banning the use of carbon-based energy sources for the mining of Bitcoin. If the bill goes into law by Gov. Kathy Hochul, it could have an impact on companies currently mining Bitcoin. New York would be the first state in the U.S. to ban particular...

Leading electric vehicle company Tesla Inc (NASDAQ: TSLA) is helping two companies mine Bitcoin (CRYPTO: BTC). Here are the details. What Happened: A partnership was announced in April between Tesla, Block Inc (NYSE: SQ) and Blockstream to use Tesla’s Megapacks. An open-source Bitcoin...

The world's first cryptocurrency Bitcoin (CRYPTO: BTC) is on its way to decreasing its inflation rate once again, with many in the cryptocurrency community believing that it will lead to another parabolic price increase. What Happened: Progress Until Next Halving — a...

Bitcoin (CRYPTO: BTC) miners have embraced new strategies to finance operations without selling any of their crypto holdings. What Happened: According to a recent report from Bloomberg, Bitcoin mining firms like Marathon Digital Holdings. (NASDAQ: MARA) are...

The inventor of hashcash, a proof-of-work algorithm used in Bitcoin (CRYPTO: BTC) mining, and Blockstream CEO Adam Back thought he missed the boat in 2013 on the apex coin. What Happened: On the ninth anniversary of Back’s post, Bitcoin Magazine editor Pete Rizzo shared what...

Blockstream and Block Inc (NYSE: SQ) broke ground on a solar- and battery-powered Bitcoin mine in Texas that uses solar and storage technology from Tesla Inc (NASDAQ: TSLA). Tesla’s 3.8 MW solar PV array and 12 MWh Megapack will power the facility. Blockstream...

The first shipments of Intel Corporation’s (NASDAQ: INTC) new energy-efficient Bitcoin (CRYPTO: BTC) mining microchip are set to begin in the third quarter. What Happened: In an announcement on Monday, Intel unveiled details about its newly launched...