Mining News

El Salvador’s Bitcoin HODL Strategy Pays Off

El Salvador's HODL strategy with Bitcoin pays off as the nation sees a 55% profit. Despite market fluctuations, El Salvador remains committed to...

Biden Urged to Intervene in U.S. Citizens’ Detention in Nigeria

Pressure mounts on the Biden administration to aid the release of Tigran Gambaryan and Nadeem Anjarwalla, detained by the Nigerian government since Feb....

Binance Labs Becomes Independent Entity, Detaches from Binance

Binance Labs separates from Binance, becoming an independent entity. The transition signifies a significant development during CEO Richard Teng’s tenure. Contracts for Binance...

Energy-Efficient Bitcoin Miners in the US Poised to Weather Halving Storm

Recent data reveals that 40% of Bitcoin mining occurs in the United States. The upcoming Bitcoin halving event, set for April, is expected...

U.S. Energy Agency Tightens Grip on Cryptocurrency Miners’ Energy Data

EIA Oversight: The U.S. Energy Information Administration (EIA) intensifies scrutiny on cryptocurrency miners, demanding detailed energy consumption data. Deadline Looms: Cryptocurrency miners instructed...

Phoenix Group Reports 50% Net Income Surge and 20% Sales Growth Post-IPO

Dubai-Based Triumph: Phoenix Group, a Dubai-based bitcoin mining and blockchain infrastructure firm, reveals a remarkable 50% surge in net income post-IPO. Sales Soar:...

Bitcoin Prepares for Record Difficulty Surge in Upcoming Retarget

Bitcoin Difficulty Surge: Projected increase of 8.45% to 9.2% on Feb. 15, 2024. Network Challenge: This surge may set a record for the...

California School Officials Admit Guilt in Illegal Crypto Mining Operation

Guilty Pleas: Jeffrey Menge and Eric Drabert, senior officials of Patterson Joint Unified School District, plead guilty to theft charges. Cryptocurrency Mining Scheme:...

Bitcoin Mining and Environmental Harmony: A Contrarian View

Bitcoin hash rate hits record highs amid environmental concerns. U.S. Energy Information Administration reveals Bitcoin miners' electricity usage equals the state of Utah. ...

DOJ Charges School District Staff for Crypto Mining Amidst Energy Scrutiny

DOJ Charges: Two senior staff members of Patterson Joint Unified School District face charges for operating a crypto mining operation in schools. Operation...

Bitcoin Miner Capitulation: Hash Ribbon Analysis Signals Stability Amidst Downturn

Bitcoin Miners' Defensive Move: Miners strategically offloaded BTC holdings in January 2024 ahead of potential halving events. CryptoQuant's Reassuring Hash Ribbon: Despite a...

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El Salvador’s Bitcoin HODL Strategy Pays Off

El Salvador's HODL strategy with Bitcoin pays off...

Biden Urged to Intervene in U.S. Citizens’ Detention in Nigeria

Pressure mounts on the Biden administration to aid...

Binance Labs Becomes Independent Entity, Detaches from Binance

Binance Labs separates from Binance, becoming an independent...

Dogecoin Surges 14% Following Elon Musk’s Endorsement

Elon Musk expressed potential acceptance of Dogecoin as...

HKMA Launches Stablecoin Issuer Sandbox

The Hong Kong Monetary Authority (HKMA) introduced a...
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