Bitcoin mining hardware has undergone a significant transformation over the past three years, from machines generating colossal terahashes to affordable rigs with efficiencies below 20 joules per terahash (J/TH). At the World Digital Mining Summit last month, Bitmain revealed details…
On May 31, Bitcoin’s hashrate reached a record high of 943 exahashes per second (EH/s), but since then, the network’s computing power has decreased by more than 75 EH/s in the last few days. Bitcoin miners ended May on a…
Russia’s executive authorities have paused an expansion of a ban on cryptocurrency mining that could have added several more regions to the already extensive list of territories where the activity is strictly restricted. On Thursday, the government in Moscow cancelled…
Bitcoin miner MARA Holdings (MARA) mined 950 BTC in May, up 35% from the previous month and the highest since the Bitcoin halving in April 2024, the company said on Tuesday. The company also set a new internal record for…
Bitcoin mining company Riot Platforms (RIOT) reported a significant increase in production in May on Tuesday, mining 514 BTC — up 11% from April and 139% from the same month last year. The company sold almost all of its new…
Do you remember how Elon Musk crashed the Bitcoin price when he tweeted that Tesla would no longer accept it due to environmental concerns, and how everyone started worrying about the environmental impact of Proof-of-Work mining? That happened in 2021,…
Riot Platforms (RIOT) has hired industry veteran Jonathan Gibbs as its chief data center officer, a strategic move for the bitcoin miner as it looks to expand its horizons beyond cryptocurrency into the broader business data infrastructure sector. Gibbs has…
The combined market capitalization of 13 miners listed on U.S. exchanges and tracked by JPMorgan increased nearly 20% in May, while the price of Bitcoin According to a research report released on Monday, the BTC price has risen to $104,157.04…
As Bitcoin prices consolidated after reaching an all-time high (ATH), the network’s computing power reached an all-time high, peaking at 943 exahashes per second (EH/s). The global Bitcoin hashrate has reached a new high, with data showing a peak of…
In an ever-changing world where traditional sectors intersect with cutting-edge digital finance, news that comes from unexpected sources often gets the most attention. This week, Cango Inc., best known as China’s leading vehicle transaction management platform, attracted interest in the…