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Bitcoin mining rigs are becoming more powerful despite environmental concerns

Mining hardware makers are raising the hash rates on their machines significantly. Hash rates show …

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1 min read

Bitdeer to go public via SPAC merger valuing the bitcoin mining company at $4 billion

Bitdeer was spun off from Chinese bitcoin mining giant Bitmain in January and operates five mining …

Isabelle Lee   


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Crypto mining manufacturer Bitmain says it will stop shipping equipment to China after the government's crackdown

Crypto mining manufacturer Bitmain said it would stop selling its machines in China after the gover…

Camomile Shumba   


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Chinese bitcoin mining giant Bitmain had revenues of $2.8 billion in the first half of the year

In it, the Chinese company discloses that it had revenues of $2.8 billion in the six months to June…

Oscar Williams-Grut   


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RBC: Bitmain's new ethereum miner could make a huge dent in Nvidia's crypto boom

"Currently, purchasing five GPUs would cost approximately $1,600 and would result in ~140-180 MH/s,…

Graham Rapier   


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Russia's bitcoin-mining industry is booming through war and sanctions

There's more bitcoin mining equipment flowing into Russia than anywhere else in the world as sancti…

Phil Rosen   


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3 mins read

World’s largest Bitcoin mining rig seller isn’t taking any new orders for foreseeable future

The Chinese company is the largest Bitcoin mining rig maker in the world, and has stopped spot d…

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Riot Blockchain inks a deal to acquire the largest North American bitcoin hosting facility for $650 million

Riot will acquire Whinstone US for $80 million in cash and 11.8 million shares in a move the CEO sa…

Will Daniel   


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1 min read

Bitcoin-mining stocks surge after the cryptocurrency passes $28,000 for the first time

Riot Blockchain and Marathon Patent Group soared on Monday morning following bitcoin's latest recor…

Emily Graffeo   


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US stocks mixed as surging oil and talk of stagflation worry investors

The combination of rising inflation and lower economic growth has led to poor returns for the S&P 5…

Matthew Fox   


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Riot Blockchain jumps 25% as bitcoin momentum continues and the company notches new mining milestone

Riot Blockchain announced it has surpassed the one exahash per second mining rate, and it expects t…

Will Daniel   


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US stocks fall as higher energy prices collide with lowered growth forecasts

US stocks erased early morning gains and closed lower as concerns about stagflation grew among inve…

Matthew Fox   


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The world's largest maker of cryptocurrency mining chips will likely lay off more than 50% of its staff, according to reports

A Bitmain spokesperson did not confirm the 50 percent number with CoinDesk, but said: "There has be…

Nick Bastone   


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1 min read

Bitcoin-mining stocks sink as the cryptocurrency struggles to reclaim $50,000 level

Bitcoin miners Marathon Patent Group, Riot Blockchain, and Hive Blockchain Technologies were all do…

Will Daniel   


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Riot Blockchain jumps after announcing an 80% increase in bitcoin production as the cryptocurrency pushes past $60,000

Riot Blockchain announced on Monday that it produced 187 bitcoin in March, an over 80% increase ver…

Will Daniel   


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The world's largest maker of bitcoin mining chips is reportedly hoping to raise $18 billion for what could end up being the largest IPO in history

So far, Wu's pursuit has proved overwhelmingly successful: In the few short years since it was foun…

Zoë Bernard   


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The world's largest producer of bitcoin mining chips, which is run by a 32-year-old billionaire, is reportedly considering an IPO

The company, which is run by 32-year-old cryptocurrency billionaire Jihan Wu, has become a global f…

Zoë Bernard   


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Bitcoin mining stocks sink as the cryptocurrency tests key $50,000 support level

Bitcoin is down roughly 16% from March 13 record highs of over $61,000 per coin, as highly correlat…

Will Daniel   


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Riot Blockchain plummets 32% in 3 days as bitcoin momentum turns negative

Despite increased revenue and new mining equipment, shares of crypto-miner Riot Blockchain are sink…

Will Daniel   


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Bitcoin is down after China signals it wants to ban bitcoin mining

The NDRC is seeking comment from the Chinese public on a revised list of industries that it plans t…

Theron Mohamed