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
energy costs
Auto Added by WPeMatico
Riot Platforms’ Bitcoin holdings cross 10K BTC, production drops
Riot Platforms reports a drop in Bitcoin production for August 2024 but stays bullish with expansion plans to increase its mining capacity and optimize energy costs. Go to Source
Core Scientific to Shut Down 37,000 Bitcoin Mining Rigs Belonging to Bankrupt Crypto Lender Celsius
Core Scientific plans to shut down 37,000 bitcoin mining rigs belonging to now-defunct crypto lender Celsius, according to an agreement between the two bankrupt firms. Celsius owes Core Scientific approximately $7.8 million for energy and hosting costs, as the crypto lender has been unable to make regular payments as outlined in the hosting contract. Celsius … Read more
Sub-$20K Bitcoin price puts BTC miner profits under pressure as hash rate soars
Soaring hash rate, high electricity costs and BTC price hovering under $20,000 for months is complicating matters for Bitcoin miners. Go to Source Powered by WPeMatico
Low hash price, soaring energy costs spell tough Q3 for Bitcoin miners
The third quarter of 2022 has not been any kinder to Bitcoin mining operators in North America and Europe. Go to Source Powered by WPeMatico
Argentinian Government Raises Energy Costs Almost 4x for Cryptocurrency Miners
The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of the wholesale power market in the Tierra del Fuego province, one of the provinces more notably occupied by miners in the country due to its … Read more
