Bitcoin Miner CleanSpark Acquires 36 MW Facility, 3,400 Antminers for $25M

CleanSpark made the acquisitions to expand its operating presence while maintaining cost-effective production rates.

Marathon Digital Posts Negative Q2 Results, but Increases Bitcoin Production 8% YoY

Marathon Digital, one of the biggest mining companies in the Bitcoin ecosystem, has posted its financial results corresponding to the second quarter of the year.

Crypto Miner Marathon Increased Bitcoin Holdings Amid $191.6M Quarterly Losses

Bitcoin miner Marathon Digital increased its Bitcoin holdings by 707 despite a quarterly decline in production.

Core Scientific Sold 1,975 Bitcoins More That It Mined in July

Core Scientific mentioned that curtailment activities related to power shutdowns limited its Bitcoin production activities during the month of July.

Argo Mining Crypto Production Rose to 219 BTCs in July

Argo not only mined more Bitcoins in July, but also generated higher revenues than the previous month.

Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts

The mining firm reported it “completely powered-down its Texas data center operations on several occasions” in July to support the state's power grid operator. Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid.In a Friday announcement, Core Scientific said its month-over-month Bitcoin production had increased from 1,106 in June to 1,221 in July — roughly 10.4%.

Bitcoin Pioneer Jeff Garzik Launches Web3 Production Company

The new media outfit aims to tell stories from the intersection of Sci-Fi and Web3.

Bitfarms Adds 18 MW of Capacity to ‘The Bunker’ — Miner’s Daily Production Taps 16.8 BTC per Day

On July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation.

Tron Filmmaker Donald Kushner Creates Cryptosaurs in Metaverse & NFT Collections

Filmmaker and creator of the classic American tech film Tron, Donald Kushner, and his Gumbotron production team teamed up with Forj, a subsidiary of Animoca Brands, to create a new metaverse called Cryptosaurs and launch a related NFT collection.

Elon Musk Reveals the Reason Why Tesla Sold 75% of Its Bitcoin

Tesla had to sell most of its bitcoin holdings to meet unexpected production costs in China, the USA, and Germany.

FLIX: Revolutionizing Film Financing and Production With Crypto and Blockchain

The media and entertainment industry generates billions of dollars in annual revenue as artists and creators release more content for consumers via multiple streaming platforms.

Sweden’s Priority Should be Steel Production, Not Bitcoin Mining, Energy Minister Says

"We need energy for more useful things than bitcoin," Minister Farmanbar argued.

Cross Staking attracts the attention of large investors!

According to the analytical company Arcane Research, the dynamics of reducing the share of mining in the production of cryptocurrencies is increasing.

Bitcoin miners sold nearly 400% of their production in June but...

Bitcoin, the world's largest cryptocurrency, despite the latest price hike, is finding it difficult to lure miners and prevent the exodus.

Banking Giant JPMorgan Says Lowered Cost of Bitcoin Production May Hurt Its Price – Here’s Why

Analysts at financial giant JPMorgan say the reduced cost of producing Bitcoin (BTC) may hurt the price of the leading digital asset.

JP Morgan Claims Drop In Bitcoin Production Cost Is Negative For BTC Price

The recent crypto winter has affected miners negatively to the extent that many sold off their Bitcoin and other crypto holdings.

BTC mining costs reach 10-month lows as miners use more efficient rigs

It now costs less to mine a single Bitcoin which could help to reverse the falling profitability trend while lowering power demands on the network. The cost of mining one Bitcoin (BTC) has fallen to ten-month lows as mining hardware becomes more efficient, and difficulty has dropped 6.7% since its May peak.On July 13, strategists from JPMorgan led by Nikolaos Panigirtzoglou told investors that Bitcoin production costs have fallen to around $13,000 from $24,000 at the beginning of June.