BitFuFu boosts Bitcoin mining with first physical facility in Ethiopia
BitFuFu is no longer exclusively a cloud miner as it transitions to a more resilient portfolio. Go to Source
Cloud Mining
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Bitfufu Reports 70% Revenue Growth in Q2 2024, Cloud Mining Clients Pay $77 Million
Bitfufu Inc., a Nasdaq-listed cloud mining services company, announced a 69.7% revenue jump for the second quarter of 2024, bringing in $129.4 million. The Singapore-based firm, established in 2020 by CEO Leo Lu, credited this growth largely to a substantial increase in cloud mining revenue, which made up more than half of the quarter’s earnings. … Read more
US Bitcoin miners hodl in expectation of BTC price rises
US mining firms are confounding pre-halving expectations by hodling the BTC they mine. Go to Source
How GoMining is revolutionizing Bitcoin mining through NFTs
How can retail investors profit from Bitcoin mining after the halving slashed profit margins? Go to Source
Core Scientific declines unsolicited Coreweave buyout bid
The unsolicited buyout bid followed a series of long-term business contracts in which Core Scientific would provide infrastructure for Coreweave. Go to Source
Estonian court nixes extradition of accused crypto scammers to US
Ivan Turogin and Sergei Potapenko are suspected in a $575 million fraud case, but they can’t be exposed to U.S. detention conditions. Go to Source
Dropbox ditches unlimited storage offering, blaming crypto cloud miners
The storage platform turned to metered storage after discovering its Advanced plan was being used by some for crypto mining and other resource-intensive tasks. Go to Source
Binance launches Bitcoin mining cloud services amid SEC crackdown in the US
Crypto exchange Binance is currently selling 1 Terahash per second (Th/s) at $10.7280, which is split between the hashrate and electricity costs at $1.17 and $9.558 respectively. Go to Source Powered by WPeMatico
Crypto mining in 2023 — Is it still worth it? Watch Market Talks
Join us as we discuss whether cryptocurrency mining is still worth it in 2023 and all the latest updates regarding the mining industry. Go to Source Powered by WPeMatico
Cloud mining firm BitFuFu postpones merger with SPAC until May
Bitfufu’s plans to go public have been delayed for the second time. The company is the cloud mining arm of Chinese mining giant Bitmain. Go to Source Powered by WPeMatico
