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Gem Mining, a bitcoin mining company started recently by former U.S. Marine and 2018 candidate for South Carolina governor John Warren, reached hashrate capacity of 1.25 exahashes per second (EH/s) with 13,118 mining machines.The company is currently producing 6.5 bitcoins a day and has fully funded purchase orders for another
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Marathon, one of the leading bitcoin mining companies in North America announced it has entered a new purchase agreement with Bitmain, a bitcoin mining machine manufacturer. This deal would allow them to acquire an undisclosed number of Antminer S19 XP models, an ASIC capable of delivering 140 TH/s while being
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Bitfarms (BITF), the Canadian bitcoin miner, has doubled its mining power over the last eight months, the company said in a statement on Monday.The company has increased its hashrate to exceed 2 exahash per second (EH/s) at the same time when the Bitcoin network has grown about 12%, allowing it
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Bitfarms (BITF), the Canadian crypto miner, is constructing two new production facilities in Sherbrooke, Québec that are slated to be completed in two phases next year, adding 78 megawatts of capacity total.The construction is scheduled to be completed in phases during the first and second quarters of 2022 and will
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The Nasdaq-listed Bitcoin (BTC) mining company Bit Digital has announced it will issue $13.9 million in shares in exchange for mining hardware.According to a Nov. 11 announcement, Bit Digital has inked asset-purchase agreements with non-U.S. investors to issue 4,344,711 shares valued at $3.20 each in exchange for Bitcoin miners boasting
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Hash power on the Bitcoin network has been soaring since May of this year. In the last month alone, Bitcoin has gone from a hash rate of 63.79 million EH/s to 102.85 EH/s. This massive increase directly signals major interest in mining as the block reward halving approaches with less
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