Marathon to control over 12% of the current Bitcoin mining hash rate
Marathon acquires 30,000 more Bitcoin miners in an attempt to become the leading Bitcoin miner in the United States by 2022, with a target of 13.3 EH/s hashing power. In a recent announcement, Marathon Digital stated that it had purchased additional Bitcoin mining hardware from Bitmain. Following the publication of a press statement on Monday, […]
Due to China’s crypto crackdown, Bitcoin miners relocate to Paraguay
In recent news, eight Bitcoin mining firms in China have made plans to relocate their operations to Paraguay. This will in no doubt increase the number of Bitcoin miners and mining activities in the area. In the aftermath of China’s crackdown on its domestic industry , eight China-related Bitcoin mining companies are intending to shift […]
Chinese Bitcoin miners and crypto firms donate to flood victims in Henan
Cryptocurrency firms and Bitcoin miners in China have come together to support families in Henan. The area was previously hit by a devastating flood. Despite the Chinese crypto crackdown, enterprises that had to relocate their operations due to the massive mining migration have turned to the Chinese crypto community for assistance . Colin Wu, a […]
Black Rock Petroleum Company to host 1 Million Bitcoin Mining devices
Black rock company has said that it has the expertise, technology and resources to host the devices and increase their production level in the long run at a subsidized rate. Under the terms of a new arrangement, Black Rock Petroleum will host and operate 1 million Bitcoin mining devices across its gas reserves. Optimum Mining […]
Malaysia destroys Bitcoin mining equipment owned by illegal miners
Malaysian authorities has destroyed crypto mining equipment which was seized from people who were illegally mining crypto and at the same time using stolen electricity. Authorities in Malaysia destroyed Bitcoin mining equipment worth more than $1.2 million after seizing them for operating illegally. Police in the city of Miri on the island of Borneo and […]