Bitcoin Miner CleanSpark Plans to Continue Pursuing Acquisitions Amid Bear Market

The miner's revenue for the first quarter was $27.8 million, just shy of analyst estimate of $29.5 million, according to FactSet data.

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Fat-fingered $22.5 million Ethereum gas fee returned to Bitfinex

The miner who received over seven thousand Ethereum as an incorrectly paid transaction fee has returned (most of) the funds. The post Fat-fingered $22.5 million Ethereum gas fee returned to Bitfinex appeared first on CryptoSlate.

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Ether (ETH) Miner Returns Over 7,000 ETH Transaction Fee Paid in Error

Following a huge incorrect payment in gas fees made by Bitfinex, an Ethereum miner has refunded the overpaid transaction funds.  Bitfinex Paid Over $23 Million for Ether Gas Fee According to blockchain data from Etherscan on Monday (September 27, 2021), one of the wallet addresses belonging to cryptocurrency exchange Bitfinex, paid 7,626 ETH, which atRead More

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Miner Returns $2.2 Million In Fees Mistakenly Paid by Crypto Exchange Bitfinex

Cryptocurrency exchange Bitfinex paid a whopping $23. 57 million in transaction fees to deposit $100,000 in what appears to be a bug in the system. The exchange was actually moving the amount in stablecoin Tether (USDT) to the decentralized exchange DeversiFi, which shared the mishap on Twitter.

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Why Bitfinex Paid $27 Million For An Ethereum Transaction

In just another Monday on Crypto, users reported that Bitfinex paid a single miner the astonishing sum of $23 million to validate an Ethereum transaction. In what could potentially be the largest fee an ETH miner has ever received to validate a block, the reasons behind it remain as pure speculation. The crypto exchange sent […]

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Bitcoin miner Genesis Digital Assets raises $431M

Genesis Digital previously raised $125 million in an equity funding round led by Kingsway Capital in July 2021.

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Public Bitcoin Miner Closes $172 Million Common Share Public Offering

On Friday Hut 8 Mining announced the closing of its underwritten public offering of common shares in the United States and Canada.

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CleanSpark Announces $145 Million In Capital, Human Investments In Georgia

The bitcoin miner is working with public-private initiatives to create jobs and benefit community members in Gwinnett County, Georgia.

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Bitcoin Miner Canaan Reports ‘Strongest Quarterly Sales’ Despite Unexpected Regulatory Policy and Price Volatility

Bitcoin miner Canaan disclosed a record second-quarter 2021 results that showed that its total net revenue was $167. 5 million. This is an increase of 507% from $2. 45 million in the same period of 2020 and 168% from $62.

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Canadian Bitcoin miner Blockstream joins crypto unicorns with $3.2B valuation

Blockstream has secured $210 million in fresh investment from a U.K. private equity firm and crypto exchange Bitfinex’s operator.

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Miner Argo Blockchain Reports Record Profit Amid Bitcoin Price Boom

London Stock Exchange-traded miner Argo Blockchain announced record profits in its Q2 earnings report, per a press release. The bitcoin mining firm now holds over 1,100 bitcoin worth $50 million.

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Bitcoin Miners’ Margins Rise Significantly Thanks to China Crackdown, But Ether Miners’ Revenue Outpacing BTC’s

Bitcoin miner revenue jumped 15. 8% in July to $971. 83 million. This increase in miner revenue came after three consecutive months of drop following the all-time high of $1. 75 billion in May. Daily bitcoin miner revenue (7DMA) is also on the rise since a low of $20.

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Public Miner Hut 8 Now Holds Over 4,000 Bitcoin Worth $150 Million

Publicly traded Hut 8 has seen its Bitcoin mining production increase by 50 percent in the wake of China's crackdown on its domestic industry.

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2.7 Million TikTok Views for Bitcoin Miner Made with USB-Sticks Running on Free Starbucks Electricity

Idan Abada has published a TikTok video showing himself in a Starbuck caf

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Genesis Digital Assets Raises $125 Million To Expand Bitcoin Mining Operations

Genesis announced a $125 million round of equity funding to further expand the bitcoin miner's industrial-scale operations.

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Bitcoin Miner Stronghold Files For Nasdaq IPO

Stronghold, a bitcoin mining company powered by waste coal, has filed an S-1 form with the SEC for a $100 million IPO on the Nasdaq.

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Bitcoin miner may land U.S. listing after investment

Bitcoin miner Iris Energy Proprietary Limited is hoping to seek a direct listing on the Nasdaq, but before that, it was planning to raise $200 million in a new fundraising round. As per reports, the SThe post Bitcoin miner may land U.

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Report: Iris Energy Seeking $200 Million Ahead Of Nasdaq Listing

Sustainable bitcoin miner Iris Energy is reportedly seeking a $200 million fundraising round to aid its plans for listing on the Nasdaq.

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Green Bitcoin Miner Planning to Raise $200 Million Ahead of Nasdaq Direct Listing This Year

Iris Energy Pty has also signed new mining equipment-related contracts that would push its mining capacity from the current 0. 7 exahash, which is on track to rise to 4. 5 exahash by 2022-end, to 15.

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US-based Bitcoin miner Gryphon buys 7,200 rigs from Bitmain

Gryphon has doled out $48 million to buy Bitmain’s latest Bitcoin mining hardware set for release in the summer.

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El Salvador’s Bitcoin mine could earn over 20,000 BTC ($750 million) a year

El Salvador’s proposed Bitcoin mine could earn hundreds of millions of dollars each year given the current network state, a top miner pointed out in a tweet today. The post El Salvador’s Bitcoin mine could earn over 20,000 BTC ($750 million) a year appeared first on CryptoSlate.

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Bitcoin Miner, Hut 8, Projects Crypto Holdings to Eclipse 5,000 BTC by EoY

In a newly released corporate update, Canadian crypto mining firm Hut 8 said it plans to increase its self-mined Bitcoin holdings to 5,000 by the end of 2021. The firm currently has about 3,806 Bitcoin, roughly $134 million, on its balance sheet.

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Bitcoin Miner Stronghold Raises $105M To Fund Clean Energy Mining

Stronghold Digital Mining, a Bitcoin mining firm, has raised $105 million from two private equity securities funding rounds. This was disclosed in the firm’s Securities and Exchange Commission (SEC) filings.

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US miner raises $105M to recycle waste coal into crypto

Stronghold Digital Mining has raised more than $100 million in two private placements supporting its model for sustainable Bitcoin mining.

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Mystery Whale Returns by Moving $35 Million — Miner Transfers 1,000 ‘Sleeping Bitcoins’ from 2010

Two months after the mystery mining whale from 2010 transferred a string of 20 block rewards with 1,000 bitcoin on March 23, it seemed as though the entity was finished, after spending 10,000 bitcoin total.

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Bitcoin Miner Funds $250 Million Solar Panel Project in USA

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Bitcoin Miner Revenue Hits New All Time High Among Other Key Metrics: Potential Bull Case? 

Total Bitcoin miner revenue has been on a steady uptrend since the start of the year, hitting its new all time high on Friday. According to figures from on-chain analytics site Glassnode, miners are now making an aggregate $64 million from newly minted coins and fees — up nearly 400% since a year ago.

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Bitcoin Miner Riot Blockchain Invests $780 Million to Expand Operations 

Bitcoin mining firm Riot Blockchain announced its milestone purchase of $138. 5 million in mining equipment this Wednesday. In a statement, the company announced that it will be purchasing 42,000 units of Bitmain’s Antminer S19J for $3,300 per unit.

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Riot Blockchain Mining Giant Acquires Major BTC Hosting Firm Whinstone for $651 Million

Leading US Bitcoin miner Riot is to purchase the US largest BTC hosting facility to become the major global mining service provider

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Bitcoin Miners Dumping Half A Million BTC Couldn’t Dent Bull Rally

Bitcoin price is still fighting to break back above $60,000 per coin, but things could push higher according to miner behavior. After dumping more than a half a million BTC on the market during the bull rally, and barely being able to make a dent in terms of price decline, miners might have finally given in and started holding their coins for the sudden surge ahead.

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Bitcoin miner Blockcap closes $75M investment led by Off The Chain, Foundry Digital

The Texas-based miner raised more than $38 million in two separate funding rounds.

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Miner Hut 8 Purchases $30 Million of Nvidia CMPs

Publicly listed Canadian miner Hut 8 announced the purchase of the Nvidia CMPs on March 26. The move helps broaden the company’s mining capacities while maintaining its Bitcoin mining operation. Hut 8 did not specify how many GPUs, or which versions of the CMP, were being purchased.

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Public Miner Holds 3,000 Bitcoin

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SEC Filing Reveals Bitcoin Miner, Argo Blockchain, Purchased 172.5 BTC ($6M) In January

U. K. ’s leading Bitcoin mining firm, Argo, purchased 172. 5 BTC in the past month to bring its total BTC (or its equivalent) portfolio to 501 BTC, or approximately $18. 37 million at current prices.

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Nasdaq-Listed Bitcoin Miner Marathon Buys 4,812 BTC ($150M) for Treasury Reserves

Marathon Patent Group, the North America-based Bitcoin mining company, has purchased 4,812 Bitcoin for an aggregate price of $31,168. The company purchased $150 million worth of Bitcoin through the New York Digital Investment Group (NYDIG).

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Bitcoin Miner Bit Digital Hits Back at ‘False Accusations’ of Fraud

The company shed $130 million in value after J Capital’s report.

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Hive Bitcoin Miner Raises $15 Million

The publicly traded bitcoin and ethereum miner, HIVE Blockchain Technologies Ltd, has raised $15 million out of an offering of nearly $27 million according to a filing with the Securities...

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Bitcoin Miner Marathon to Raise $250M in Direct Stock Offering

The Las Vegas company has agreed to a direct offering of 12.5 million shares of common stock at $20 per share.

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Decade-Old Idle Bitcoins Worth $40 million Moved In Recurring Pattern

Idle wallets and illiquid bitcoins are finally coming to life as the crypto markets continue to break new grounds. On January 3, 2021, an old miner spent 20 block rewards from a decade ago that summed up to 1000 bitcoins.

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Bitcoin Miner Bit Digital Passes $1B Market Cap

The company had a total value of $6.2 million a year ago.

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Sleeping Bitcoins Worth $40 Million Move- Mystery Miner Spends Another 1,000 BTC From 2010 Block Rewards

On January 10, another strange string of 20 bitcoin block rewards from 2010 was spent after sitting idle for over ten years. The spending of 1,000 decade-old bitcoins worth over $39 million today, follows the recent string of 1,000 units transferred on the 12th anniversary of Bitcoin’s genesis block launch. Seven days ago an old-school […]

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US Firm Marathon Buys 70,000 Bitcoin Miners for $170 Million

Marathon already operates mining units in the United States. However, Monday’s deal will significantly increase the firm’s share of the global hash rate. Marathon Bitcoin Miner Order is Bitmain’s Largest to Date One of the biggest Bitcoin mining companies in the United States looks set to grow even larger in 2021.

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Cleanspark Buys US Bitcoin Miner for $19.4 Million, Plans to Quadruple Mining Capacity

Cleanspark Inc. , a Nevada-based corporation, said Thursday that it is acquiring U. S. bitcoin miner ATL Data Centers for $19. 4 million in a deal to be completely settled in shares. Cleanspark specializes in microgrid energy software.

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Bitfury to Sell Its 38% Stake in Bitcoin Miner Hut 8

Bitfury current holds 37.2 million shares of Hut 8.

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Argo Reports 23% Monthly Revenue Increase, With 2,369 Bitcoin Mined Since January

Bitcoin miner Argo Blockchain reported Thursday that revenue climbed 23% to £1.48 million ($1.98 million) in November compared to £1.2 million ($1.6 million) the previous month. ● The London Stock Exchange-listed firm mined less bitcoin (BTC) in November (115 BTC) than it did in October (126 BTC) “due to changes in mining difficulty”, but bitcoin’s […] The post Argo Reports 23% Monthly Revenue Increase, With 2,369 Bitcoin Mined Since January appeared first on Bitcoin News.

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Canaan Reports a Q3 Net Loss $12.3 Million Despite the Crypto Market Comeback

Canaan Creative, a Nasdaq listed Bitcoin miner manufacturer, has reported another loss in Q3 according to the latest unaudited financials released on Nov 30. This time the number jumped to $12. 3 million, which is around four times the $2.

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Ethereum Classic Undergoes Thanos Hard Fork Upgrade for Improved GPU Miner Access

After crossing the 11. 7 million block height milestone, Ethereum Classic (ETC) has undergone a hard fork to bring about the anticipated Thanos upgrade. The Ethereum fork has suffered numerous security issues with multiple 51% attacks and proponents are hoping the new Thanos upgrade will provide much-needed network fidelity while allowing GPU-based mining to continue.

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Hackers Take Over Bitcoin Exchange and Miner Domain

Hackers have been able to take over the domain of a crypto exchange that handles some $270 million in daily volumes by tricking GoDaddy employees. “On the 13th of November...

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Bitcoin Miners Slow Down as Hash Rate Drops 26% But Miner Revenue Spikes

Over the weekend, the Bitcoin network's hash rate hit an all-time high as it has repeatedly been doing since the May halving when it dropped about 40%. During this time, the monthly miner revenue jumped from about $280 million (subsidy plus transaction fees) in June to $368 million in August.

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