Bankrupt Bitcoin miner Rhodium gets court approval for loan in BTC or USD
The company was authorized to choose between receiving $30 million or 500 Bitcoin loan from Galaxy Digital. Go to Source
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Bitcoin must reach a ‘higher high’ to confirm uptrend after dip below $58K
If Bitcoin is to maintain its longer-term uptrend, it must avoid breaking down below $56,000, according to a crypto analyst. Go to Source
Scientific paper argues Bitcoin mining can reduce methane emissions
According to a United Nations report, Methane gas runoff is “80 times more harmful than CO2 for 20 years after it is released.” Go to Source
Solo miner wins $200K Bitcoin lottery with just 0.012% of hashrate
A solo Bitcoin miner operating as part of the Solo CK pool solved a block with just 0.012% of the average hashrate. Go to Source
Bitcoin mining CEO eyes hashrate contracts to offset rising costs
The slashing of the Bitcoin block subsidy from 6.25 Bitcoin to 3.125 during the April 2024 halving has placed financial pressure on miners. Go to Source
Cipher Mining Boosts Bitcoin Data Center Portfolio With 300 MW Texas Site Purchase
This week, Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a 300-megawatt (MW) data center. The company also highlighted that this location is ideal for high-performance computing (HPC) services. Cipher Mining Grows to 2.5 GW Portfolio In its announcement, Cipher (Nasdaq: CIFR) shared that it invested … Read more
Iris Energy Acquires 39,000 Bitmain S21 XP Antminers, Eyes 30 EH/s in 2024
Bitcoin miner and high-performance computing (HPC) firm Iris Energy Limited has secured 10 exahash per second (EH/s) of Bitmain’s S21 XP Antminers, positioning the bitcoin mining company to reach 30 EH/s by the end of 2024. Iris Energy Expands Mining Capacity and AI Cloud Services Iris Energy Limited (Nasdaq: IREN) reported record financial results for … Read more
President Trump and New York governor propose shift to nuclear energy
According to data from SMR Nuclear, nuclear energy plants produce 441,398,880 megawatt-hours of energy throughout their lifetimes. Go to Source
Bitcoin miner Rhodium files for bankruptcy in Texas court
Rhodium’s debts range between $50 million and $100 million, while its total assets are estimated between $100 million and $500 million. Go to Source
Thai Authorities Raid Illegal Bitcoin Mine After Power Outages Spark Resident Complaints
Thai authorities successfully raided an illegal bitcoin mining operation in Ratchaburi on August 23. The raid came after residents reported frequent power outages. The bitcoin mining operation was found to be consuming electricity that the occupants of the house were not fully paying for. Bitcoin Mine Raided Amid Resident Power Outage Complaints Authorities in Thailand … Read more
