Stablecoin issuer Tether has signed a memorandum of understanding (MoU) with Adecoagro SA to explore strategic collaboration opportunities focused on bitcoin mining using renewable energy, according to a July 3 announcement. Adecoagro, one of South America’s leading producers of organic…
Bitcoin mining company CleanSpark has received approval to build a new mining facility in Mountain City, Tennessee, local outlet WCYB reported on July 2. According to the report, the Mountain City Board of Mayor and Aldermen approved the mine project…
Despite the fact that the price of Bitcoin has more than doubled compared to the cost of its production, miners are in no rush to sell off their assets, CryptoQuant CEO Ki Young Ju emphasized, citing Marathon Digital (MARA) as…
MARA Holdings’ bitcoin mining output fell 25% in June as the company faced adverse weather conditions at its Texas facility and ongoing difficulties that have hampered mining in the industry as a whole, according to its June report . The…
Cryptocurrency analytics firm Alphartal has provided an interesting analysis of the Bitcoin mining sector. The report highlights that miners are not selling off their Bitcoin holdings despite historically low profitability. Overall transaction fees on the Bitcoin network have fallen to…
Iran has been mining and trading cryptocurrencies since 2019, when its national currency lost much of its value due to years of strict international sanctions and high inflation. However, experts say it is still extremely difficult to accurately estimate how…
Iran is mining and trading cryptocurrencies out of necessity, driven by tough international sanctions and the collapse of its currency due to high inflation since 2019. However, experts told Decrypt that valuing its assets remains extremely difficult. The University of…
Ethiopia is seeing an increase in electricity problems related to cryptocurrency mining as the country’s crypto industry grows. According to reports, the cryptocurrency mining and data center sector in Ethiopia is expected to consume a third of all electricity by…
Cango has successfully completed its previously announced acquisition of 18 EH/s of active Bitcoin hashrate from Bitmain’s financial division, Antalpha, bringing its total installed hashrate to 50 EH This article from Theminermag, a specialized publication for the cryptocurrency mining sector,…
In a research note published Thursday evening, Cantor Fitzgerald argued that Core Scientific (CORZ) could fetch more than $30 per share if it is acquired by cloud giant CoreWeave, citing both the long-term cash flows from its AI contracts and…