Foundry laid off 16% of its staff and transferred 20 employees to Yuma, a decentralized AI startup. Yuma, DCG’s new project, aims to revolutionize decentralized AI using Bittensor’s network for…
Browsing: Bitcoin Mining
Public Bitcoin miners raised $5B in 2024 and spent $3.6B on hardware and infrastructure development. Marathon Digital leads public miners’ BTC holdings while diversifying into AI amid rising mining challenges.…
The Russian government has proactively moved toward the crypto tax on mining and related trading gains. Russia has continued to make impressive moves to embrace crypto more widely, with plans…
Marathon Digital proposes $700M in convertible senior notes to expand Bitcoin holdings and repay existing debts. Marathon explores diversification into AI and computing amid challenges like rising Bitcoin mining difficulty.…
HODL15Capital reveals top Bitcoin holdings by public mining companies, led by MARA with 27,562 BTC. Marathon Digital explores diversification into AI and computing while miners face rising challenges like increasing…
Mine one Bitcoin is now more difficult as the mining difficulty metric crossed 100T. Bitcoin has a higher price valuation than it currently showcases per MVRV data. Bitcoin’s mining difficulty…
BitFuFu’s Bitcoin mining costs increased significantly in Q3, impacting production levels and profitability. The new Ethiopia facility aims to boost BitFuFu’s capacity, offsetting operational challenges in Bitcoin mining. BitFuFu Inc.,…
German tech giant Deutsche Telekom is getting deep into Bitcoin mining. Beginning with a renewable energy source for mining BTC, the venture is in the test mode. MMS, Deutsche Telekom’s…
Bitcoin mining firms face rising costs, pushing them to diversify revenue sources by incorporating AI and high-performance computing services. Russia enforces strict crypto mining laws, allowing only registered entities and…
Russia is laying plans to establish Bitcoin mining and AI computing facilities in BRIC’s nations just after Russia’s sovereign wealth fund entered a partnership with BitRiver. By fostering a collaborative…
Core Scientific partners with CoreWeave to expand its AI infrastructure, leveraging its expertise in customized data centers. Core Scientific has been involved in AI since 2019, integrating AI clusters while…
BitFuFu acquires an 80-MW Bitcoin mining facility in Ethiopia, aiming to reduce operational costs and increase capacity. The Ethiopian facility will boost BitFuFu’s hosting capacity beyond 600 MW, enhancing its…
Terawulf sold its 25% stake in Nautilus to reinvest in AI and high-performance computing at its New York facility. The transaction netted Terawulf a 3.4x return, supporting the firm’s shift…
Bitcoin miners faced a challenging September, earning just $816 million due to reduced transaction fees and high operating costs. Post-halving challenges, including higher mining difficulty and lower rewards, have strained…
Bitdeer successfully tested the SEAL02 chip, achieving a power efficiency ratio of 13.5 J/TH. The SEAL02 chip will be integrated into SEALMINER A2, with mass production starting in November 2024.…
According to reports, Russia’s Bitcoin mining in 2023 brought 54,000 new Bitcoin (BTC) into circulation, generating a tax revenue of $556 million for the government. The country is expected to…
China and Russia are exploring the use of stablecoin to expand their crypto exposure and complement their CBDCs to establish an autonomous financial system to operate outside the sanctions. The…
Paraguay has now confiscated a total of 10,000 Bitcoin mining machines in 2024, cracking down on illegal mining operations in the country. The recent raid and multiple investigations have revealed…
Bitcoin Policy UK advocates the use of Bitcoin mining to support sustainable networks. A recent report highlights the potential of bitcoin mining to provide a robust solution. Bitcoin Policy UK,…
Northern Data AG is planning a $16 billion U.S. IPO to expand its AI cloud and data center units, aiming to capitalize on the growing demand for digital infrastructure. The…