bitcoin mining

The leading oil producer in the U.S. is exploring using excess natural gas for cryptocurrency mining. Here’s the latest. What Happened: A pilot program was launched by Exxon Mobil Corp (NYSE: XOM) in January 2021. The company is running it in North Dakota using excess natural gas to...

Block Inc (NASDAQ: SQ), formerly known as Square, is working on a low-maintenance, reliable, and affordable Bitcoin (CRYPTO: BTC) miner meant to remove mining pain points.  What Happened: “We’re officially building an open bitcoin mining system,” Block CEO Jack Dorsey...

Bitcoin (CRYPTO: BTC) mining company Bitfarms Ltd. (NASDAQ: BITF) said it purchased 1,000 bitcoins during the first week of January this year. What Happened: Bitfarms noted that the purchase worth $43.2 million increased its BTC holdings by 30% to over 4,300 bitcoins. “With the dip in BTC...

CleanSpark Inc. (NASDAQ: CLSK) shares are trading lower amid overall market weakness as growing COVID-19 concerns and omicron variant uncertainty weigh on market sentiment. The stock was unable to hold one key level as support. It has been falling and is going to test another key level...

OLB Group, Inc. (NASDAQ: OLB), a cloud-based merchant service provider, is expanding its Bitcoin (CRYPTO: BTC) mining enterprise DMint. What Happened: DMint will add 500 Antminer S19j Pro cryptocurrency mining computers by the end of the year and add five additional Bitcoin data centers, the...

The Bitcoin (CRYPTO: BTC) rally may not have come at a better time for a New York-headquartered cryptocurrency miner. Timing It Right: Stronghold Digital Mining Inc (NASDAQ: SDIG), a vertically integrated crypto asset mining company with a particular focus on Bitcoin mining, timed...

Russian authorities are weighing starting to mine Bitcoin (CRYPTO: BTC) after recently suggesting they may use cryptocurrencies in an effort to diminish the country's reliance on the United States dollar. What Happened: Deputy minister of Industry and Trade of...

Cryptocurrency mining company BIT Mining Ltd (NYSE: BTCM) subsidiary BTC.com will cease registering new users from mainland China and expects to start retiring the accounts of existing users in mainland China to comply with local regulations beginning on October 15. The...

A leading blockchain technology company focused on mining Bitcoin (CRYPTO: BTC) is uplisting from the OTC to the Nasdaq. Here’s what investors should know about the company. Argo Blockchain Uplsting: Shares of Argo Blockchain PLC (OTC: ARBKF) will uplist to the Nasdaq and trade under the...

What Happened: Alexander Lukashenko, the president of Belarus, wants his government to get in on mining cryptocurrency. Russian publication RBC news reported that the president of the Eastern European country presented crypto mining as a lucrative opportunity in a recent public gathering....

Potential short squeeze plays have gained steam in 2021 with an influx of new retail traders in the market.  A short squeeze can occur when a heavily shorted stock rises in value instead of falling. Short sellers could be looking to close out their position and can face a loss if they have to...

SaaS solutions and Blockchain applications provider Powerbridge Technologies Co Ltd (NASDAQ: PBTS) inked a cryptocurrency mining agreement with Cryptodigital Holdings Ltd as previously announced. Powerbridge will acquire 5,600 bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO:...

In the previous article on bitcoin mining, we already discussed many aspects of energy consumption by the industry. We also compared the usage with other sectors and energy consumers from around the globe based on the most recent data. This article will focus on the future of energy...

What Happened: Nasdaq-listed Bitcoin (CRYPTO: BTC) mining firm Riot Blockchain Inc (NASDAQ: RIOT) reported record revenues in the second quarter of 2021. In a statement on Monday, the company said its mining revenue increased by 1540% to a record $31.5 million over the second quarter from the...

BlackRock Inc. (NYSE: BLK), the world's top asset manager, which controls an astonishing $9 trillion, invested in two publicly traded cryptocurrency mining companies. What Happened: BlackRock's Form 13F SEC filings reveal that it has acquired stakes in...