Nasdaq-listed mining firm Stronghold Digital Mining for sale?

Stronghold announced its first quarter results for 2024 and revealed that it is considering a range of options to increase shareholder value including selling the business.

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$20 Million Crypto Mining Farm to Be Built at Hydropower Plant in Kyrgyzstan

Kyrgyzstan intends to build a new facility for cryptocurrency mining at one of the country’s hydroelectric stations. The project aims to minimize the power plant’s electricity losses by utilizing its full generating capacity that currently exceeds that of the transmission network. Kyrgyzstan to Power Crypto Mining Hardware With Surplus Green Energy President of Kyrgyzstan, Sadyr [...]

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US Bitcoin Corp to Operate Restructured Mining Division of Celsius, Boosting Hashrate by 12.2 EH/s

Bitcoin mining company U.S. Bitcoin Corp (USBTC) has announced its intention to employ the mining assets of Celsius, the defunct crypto lender. The development follows the acquisition of application-specific integrated circuit (ASIC) machines from the bankrupt company by the Fahrenheit coalition, of which USBTC is a member. USBTC said it aims to revive the fleet [...]

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Terawulf Energizes 50 MW at Nuclear-Powered Bitcoin Mining Facility Nautilus

Bitcoin mining company Terawulf has announced the full deployment of its 50-megawatt (MW) stake in the nuclear-powered Nautilus Cryptomine facility. The behind-the-meter bitcoin mining facility is powered by 100% nuclear power and benefits from a fixed power cost of $0.02 per kilowatt-hour (kWh), according to the company. Terawulf Fires up 50 MW Zero-Carbon Bitcoin Mining;

The post Terawulf Energizes 50 MW at Nuclear-Powered Bitcoin Mining Facility Nautilus appeared first on BTC Ethereum Crypto Currency Blog.

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Crypto Lending Scheme Implosions Make Bitcoin Stronger

Amid the cryptocurrency market decline, it’s clear that Bitcoin can’t be stopped despite a price drawdown.

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Microsoft Expands Capacity to Enhance Support for OpenAIs GPT-4-5 and GPT-5 Models

Microsoft is gearing up to accommodate the upcoming OpenAI GPT-4, GPT-4.5, and GPT-5 models. The tech giant is preparing to support these powerful language models, which are continuously pushing the boundaries of artificial intelligence. As a leading player in the tech industry, Microsoft is staying ahead of the curve by embracing cutting-edge AI technologies like [...]

The post Microsoft Expands Capacity to Enhance Support for OpenAI’s GPT-4-5 and GPT-5 Models appeared first on Crypto Breaking News.

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Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion

In the past week, the Bitcoin network has made progress in resolving its congestion issues. On May 7, 2023, the number of unconfirmed transactions reached an all-time high of over 500,000 transfers, causing a major backlog. However, as of today, that number has been reduced to 263,406. Currently, 184 blocks need to be cleared to [...]

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Lightning network capacity decreases while number of channels grows

The Lightning Network is a Layer-2 solution designed to address Bitcoin transactions’ scalability and speed issues. It creates off-chain payment channels that allow users to conduct transactions almost instantly and at a fraction of the cost compared to traditional on-chain methods. By enabling multiple transactions to occur off-chain and only recording the final balance on […]

The post Lightning network capacity decreases while number of channels grows appeared first on CryptoSlate.

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Nansen highlights AI-fueled NodeFi, GPUfi for DePIN investment

Nansen takes a detailed look at an emerging opportunity for Web3-powered investors in a new report.

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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. 

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Bitcoin miner Riot Platforms trims Q2 loss to $27.7M

Colorado-based Bitcoin mining firm Riot Platforms narrowed its second quarter net loss to $27.7 million as it ramped up its Bitcoin production and reached record hash rate capacity. The crypto miner posted total revenue of $76.7 million — up 5.2% from Q2 2022 — which was primarily driven by a 27% year-on-year increase in Bitcoin [...]

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Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports

Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector has been growing, reaching record highs this year. 1 GW of Electrical Power Involved in Crypto Mining in [...]

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Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say

Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe. Under such a scenario, Russia has what it takes to occupy up to 18% of the global bitcoin hashrate, they claim. Russia May Attract Half

The post Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say appeared first on BTC Ethereum Crypto Currency Blog.

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Mawson Infrastructure Group Deploys 2,600 Bitcoin Miners at Newly Secured Pennsylvania Site

Mawson Infrastructure Group, a publicly-listed bitcoin mining operation, announced on Thursday that it has acquired a new mining site in Bellefonte, Pennsylvania. The company detailed that it has swiftly deployed 2,600 bitcoin miners at the location. Mawson Secures Pennsylvania Site, Deploys 2,600 Bitcoin Miners for Self-Mining Operations Bitcoin mining companies are experiencing ongoing expansion in [...]

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Cathedra Bitcoin Unveils Plans for Off-Grid Bitcoin Mining in Texas

On Friday, Cathedra Bitcoin Inc. announced a partnership with 360 Mining, revealing plans to deploy mobile data centers and application-specific integrated circuit (ASIC) bitcoin miners at 360 Mining’s off-grid location in Texas. 360 Mining and Cathedra Bitcoin Announce Texas Bitcoin Mining Venture According to Cathedra Bitcoin (CBIT), the firm will be deploying bitcoin miners at [...]

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Russian Miners Mint Crypto Worth $700 Million a Year, Mining Bill Postponed

Cryptocurrency miners in Russia have extracted digital currencies for around $700 million last year, according to a state-run fintech entity. However, the growing industry remains unregulated with the government having postponed the adoption of the respective legislation once again. Russian Crypto Miners Produce Coins for up to 60 Billion Rubles in 2022 Miners operating in [...]

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