Mining Archives

Aerial image of Greenidge Generation’s Dresden facility, showcasing the Bitcoin mining operation in New York amidst surrounding greenery.

Bitcoin Miner Greenidge Generation Wins Legal Battle in New York

November 15, 2024 Dan K

Greenidge Generation wins a court case in New York, overturning DEC’s air permit denial. This ruling ensures the Dresden facility’s operations

Chart showing the decline in Bitcoin mining revenue in August 2024

Bitcoin Mining Revenue Hits All-Year Low

September 2, 2024 Dan K

Bitcoin mining revenue dropped to $827.56 million in August, marking the year’s lowest point and highlighting the challenges faced post-halving.

Cryptocurrency mining rigs consuming vast amounts of electricity, illustrating the environmental impact of the industry.

Crypto Mining and Data Centers Consume 2% of Global Electricity: IMF Proposes Tax to Curb Environmental Impact

August 16, 2024 Dan K

Crypto mining and data centers use 2% of global electricity, with expected growth. The IMF proposes an electricity tax to curb their environmental impact.

Scott Melker analysis highlights low Bitcoin volume despite bullish price move

Bitcoin and BTC Mining Pose Promising Future

July 30, 2024 Dan K

H.C. Wainwright & Co analysts predict a bullish future for Bitcoin and BTC mining, citing institutional developments and potential national adoption.

Bitcoin mining equipment operating smoothly despite network issues

Bitcoin ‘Keeps Hashing’ Despite Widespread CrowdStrike Network Failures

July 20, 2024 Dan K

Bitcoin remains unaffected by CrowdStrike’s network failures due to its decentralized nature and reliance on Linux systems, says mining CEO Taras Kulyk.

Illustration of Crusoe Energy and Lancium's AI data center in Texas.

Bitcoin Miner Crusoe to Build ‘Multibillion-Dollar’ AI Data Center in Texas

July 18, 2024 Dan K

Crusoe Energy’s new AI data center in Texas aims to leverage renewable energy to power significant advancements in artificial intelligence technology.

Bitcoin Miners equipment in operation amid market turmoil.

Bitcoin Miners Face ‘Capitulation’ as Profits Diminish Amid BTC Sell-Off

July 6, 2024 Dan K

Bitcoin miners approach capitulation as profits diminish and BTC sell-off continues, hitting hashrate lows akin to post-FTX collapse conditions.

New Bitfarms board member Fanny Philip smiling against a blockchain background

Bitfarms Appoints Independent Board Member Amid Riot Platform’s Push for Director Replacements

June 28, 2024 Dan K

Bitfarms appoints Fanny Philip as an independent board member amid Riot Platform’s push to replace directors, highlighting strategic shifts in Bitcoin mining.

Image of Bitcoin mining equipment illustrating the decline in Bitcoin miner reserves.

Bitcoin Miner Reserves Drop to 1.90M BTC, Lowest Level in Over 14 Years

June 20, 2024 Dan K

Bitcoin miner reserves fall to 1.90M BTC, the lowest since 2010, due to halving events and strategic shifts, despite fiat value nearing all-time highs.

Greenpeace report calls for Wall Street accountability in Bitcoin mining energy use.

Bitcoin Mining Companies Hiding Energy Data, Wall Street is Responsible

June 17, 2024 Dan K

Greenpeace blames Wall Street for Bitcoin mining’s excessive energy, urging financial institutions to adopt more transparent and responsible practices.