Hut 8 Completes $11.8M Financing for New Bitcoin Mining Machines
The new machines will add 475 PH/s to Hut 8's hash power. Source
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Mining
Minority Ethereum Mining Pools Threaten to Block Update
Ethereum miners have formed a cartel of sorts to thwart the implementation of a now contentious proposal – one they say cuts into their bottom line unfairly.Eight Ethereum mining pools amounting to around 30% of the network’s hash power have cast their support behind tiny mining pool Flexpool’s stance against
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Hive Blockchain Buys 6,400 Mining Machines From Canaan to Reach 1,200 PH/s
Delivery of the new machines is set to start in May. Source
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James Cooper: Greener Bitcoin Mining Is a US Opportunity
The incoming administration of Joe Biden has an opportunity to take the global lead in green mining for digital assets. It is no secret that there is a geopolitical struggle brewing over new forms of cryptocurrencies – both state-backed and private – and the best location for new capital formation
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Nvidia May Restart Production of Crypto Mining GPUs if Demand Sufficient
Selling dedicated crypto cards would alleviate pressure on Nvidia's consumer models. Source
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Iran Reportedly Seizes 45K Bitcoin Mining Machines After Closure of Illegal Operations
The mostly ASIC devices used to mine bitcoin are said to have been consuming 95 megawatts per hour of electricity at a reduced rate. Source
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Galaxy Digital Set to Launch Mining Financial Services
Galaxy Digital is in a unique position to help connect operators and equipment providers with capital.Galaxy Digital has announced that it would be launching financial services for mining operations. According to the press release, this unit would be known as Galaxy Digital Mining and it would be focused on providing
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Galaxy Digital Launches Proprietary Mining, Miner Financial Services
Galaxy has launched its proprietary mining and miner financial services operations. Source
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Coinbase Invests in New US Crypto Mining Pool Titan
The leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source
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Babel Finance Is Letting Crypto Mining Firms Use Machines as Loan Collateral
Babel Finance is letting bitcoin mining firms put up their machines as loan collateral so the lender can offer them better terms.The loan-to-value ratio (LTV) for these loans is 30%, in part because Babel keeps the freshly mined crypto until the borrower pays back the loan. The LTV is significantly
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