crypto mining

As of Friday morning, cryptocurrency miners such as Marathon Digital Holdings Inc (NASDAQ: MARA) and Riot Blockchain Inc (NASDAQ: RIOT) have risen 16% and 5.4% respectively, moving in a positive direction away from recent lows. New York Legislation Update: New York lawmakers are now awaiting Gov....

Chip manufacturer NVIDIA Corporation (NASDAQ: NVDA) attributed its 52% decline in "OEM and Other" market platform revenue to a decline in Cryptocurrency Mining Processor (CMP) sales. What Happened: In an SEC filing on Wednesday, Nvidia reported $158 million in OEM and Other revenue...

Despite a blanket ban on cryptocurrency in China, many Chinese citizens continue to mine Bitcoin illegally, according to data from the Cambridge Bitcoin Electricity Consumption Index (CBECI). What Happened: The data showed that China became the second-largest Bitcoin (CRYPTO: BTC) hash rate...

Tesla, Inc. (NASDAQ: TSLA) rival and Chinese electric vehicle manufacturer NIO (NYSE: NIO) in an internal note has blamed an employee for using the company's servers to mine Ethereum (CRYPTO: ETH) since February 2021, according to CnEVPost report.  The report shared information from a...

Key takeaways: •      Canaan (NASDAQ: CAN) has entered the Bitcoin (CRYPTO: BTC) mining business with deals to jointly operate facilities in Kazakhstan •      The move comes as such mining operations become increasingly difficult due...

In order to create a conflicting block on Ethereum (CRYPTO: ETH), an attacker would have to burn more than 2.5 million ETH worth $10 billion, according to core developer Tim Beiko. What Happened: In a new report titled “How The Merge Impacts Ethereum’s Application Layer,”...

Fred Thiel, the CEO of Bitcoin (CRYPTO: BTC) mining company Marathon Digital Holdings Inc (NASDAQ: MARA), said Bitcoin’s price would have to undergo an 80% correction before things become challenging for Marathon Digital. What Happened: In an interview with Bloomberg on Thursday, Thiel...

Hut 8 Mining Corp. (NASDAQ: HUT) declined as far as 7.5% in pre-market trading Wednesday morning in sympathy with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: BTC), which fell 1.52% and 1.57, respectively, between the hours of 7 a.m. and 9:30 a.m. EST. By Wednesday afternoon, Hut 8 had...

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...

The U.S. is now the largest Bitcoin (CRYPTO: BTC) miner in the world, according to a report from Bloomberg. What Happened: Bloomberg found the U.S. accounted for 35.4% of the global hash rate at the end of August. Meanwhile, China’s share of hash power has effectively fallen to zero, as...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. The bipartisan infrastructure bill pushes mining to the edge of extinction even while it seems that the US will remain the undisputed...

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...

Bitfarms Ltd (NASDAQ: BITF) sold off over 16% on Aug. 17 after printing its second-quarter earnings the day prior. This Bitcoin (CRYPTO: BTC) and alt-coin miner’s stock has been volatile because it is often affected by the wild fluctuations in the cryptocurrency market. The Toronto-based...

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...

If Bitcoin (CRYPTO: BTC) bulls are right and the coin's price reaches a price of $500,000, there could be dire consequences for the environment. What Happened: According to a Tuesday Fortune report, Bitcoin's "notorious carbon footprint" may inexorably increase...