Weeks after the Bitcoin halving in mid-May, miners are seemingly moving out of China and into Europe — with one prominent mining pool stating geopolitical tensions between the United States and China are a major catalyst.
The post Three reasons why China will “lose its grip” on Bitcoin mining as political tensions mount appeared first on CryptoSlate.
Hut 8 Mining Corp. has raised $8.3 million from the sale of 6% of its shares to investors. The Canadian bitcoin miner originally intended to raise $7.5 million from the sale, but it was oversubscribed. Totonto Stock Exchange-listed Hut 8 issued about 5.8 million “units” at a price of $1.45 each. Each unit is comprised […]
The post Bitcoin Miner Hut 8 to Add 275 PH/s of Mining Capacity With $8.3M Capital Raise appeared first on Bitcoin News.
During the last seven days, the price of bitcoin has dropped 4.8% from a high of $9,700 on June 24, to a low of $8,965 on June 27. Since then the price has increased and the price per bitcoin is back above the $9k zone but much lower than before. The lower price has affected […]
The post Bitcoin’s 5% Drop in Value Puts Pressure on BTC Mining Operations and Older ASIC Rigs appeared first on Bitcoin News.
U.S. contract mining firm Core Scientific has agreed on a deal to buy 17,600 mining rigs from Chinese bitcoin hardware maker Bitmain Technologies Inc. The company is buying Bitmain’s next-generation bitcoin (BTC) miner, the Antminer S19, it said in a statement on June 29. The miners will be fully installed at data centers operated by […]
The post US Contract Miner Core Scientific Buys 17,600 Bitcoin Miners From Bitmain appeared first on Bitcoin News.
BHP has completed its first trial trade transaction of iron ore with China’s Baosteel using blockchain technology.
Multi-billion-dollar mining group BHP announced it has completed a $14 million iron ore trade using a blockchain platform.
Chinese mining company Ebang has yet to see a positive net income in 2020, but an IPO might give it a jumpstart.
Shares of bitcoin mining hardware maker Ebang began trading today on Nasdaq with an underwhelming initial performance.
The post Shares of bitcoin miner maker Ebang slide after trading begins on Nasdaq appeared first on The Block.
The mining equipment firm, scheduled to go public via Nasdaq later today, is preparing for a massive expansion.