Bitcoin (BTC) mining firm Marathon Digital has reported a quarterly record of 2,195 BTC mined over the first quarter of 2023, currently worth around $62 million.Marathon reported in an April 3 update that the 2,195 mined BTC is a 74% increase from the first quarter of last year and a BitcoinDigitalMarathonminedPostsQuarterlyRecord Read More
The company announced that it would continue adding more Bitcoin miners this year.
Marathon Digital Holdings Inc (NASDAQ: MARA), a leading Bitcoin mining company with about 9.5 exahashes, announced its unaudited February production and miner installation updates on March 02. The $760 million-valued Marathon Digital produced 683 Bitcoins in February BitcoinsDigitalFebruaryMarathonminedSold Read More
The miner said in a release on Thursday that the decision was made to cover some of its expenses. "With bitcoin production increasing and becoming more consistent, we made the strategic decision to sell some of our bitcoin, as previously planned, to cover some of our operating expenses and for BitcoinDigitalMarathonminedMonetizeRallySellsTime Read More
The mining company also deployed the first machines that it has designed itself using Intel's (INTC) Blocksale chips. Hive installed 1,423 of the so-called Buzzminers, whereas all 5,800, totalling 620 petahash/second (PH/s) of computing power, will be shipped by the end of January, Hive said.
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Publicly listed Bitcoin (BTC) miners sold off almost 100% of all the Bitcoin they mined throughout 2022, leading to a debate over whether the sales created "a persistent headwind" for the Bitcoin price or not. Analyst Tom Dunleavy from blockchain research firm Messari shared the data in a Dec. 26 BitcoincryptoexchangeExchangesminedMinersPublicSold Read More
The miner used almost 30 million gwei to pay for that transaction.
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Celsius lawyer Josh Sussberg disclosed the receipt of cash-injection offers during a Tuesday bankruptcy hearing but didn't say how big the offers were. Moving hastily on this is “mission critical” for Celsius, Sussberg said. It’s customary for companies reorganizing in U.S. bankruptcy court to seek financing to keep their operations ApprovalBankruptBitcoinCashInjectionCelsiusCryptoLenderminedOffersSell Read More
The miner still holds 1,205 bitcoins and expects to continue to sell its mined coins to pay for expenses.
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Several bitcoin miners temporarily halted mining operations as energy demand soared in July due to heat waves that swept through the U.S., particularly in Texas. Riot curtailed 11,717 megawatt hours in July, enough to power 13,121 average homes for a month, Les said, adding that it lowered power costs for BitcoinBlockchaincutHeatJulyminedPowerRiotSupplyWave Read More