The country of El Salvador is tapping into its abundant natural resources to create “Volcano Energy.” According to a press release sent to Bitcoin Magazine, the aim is to position the country as a major global player in the Bitcoin mining industry while promoting energy competitiveness, diversification and geographic expansion…
CleanSpark, Inc., a publicly traded bitcoin mining company, has released its May 2023 bitcoin mining and operations update, revealing significant growth in both its bitcoin holdings and revenue. The company’s bitcoin holdings grew by 44% in May, reaching a total of 451 BTC. Bitcoin mined during the month increased by…
CleanSpark Inc. has announced the purchase of 12,500 Antminer S19 XP bitcoin mining machines for a total price of $40.5 million. The machines were acquired at a lower price than the current market average, costing $23 per terahash, according to a press release shared with Bitcoin Magazine. The purchase agreement…
Bitcoin policy advocates celebrated several victories in the recent quarter, including the success of Texas SB 1929, a pro-mining bill, and the defeat of Texas SB 1751, an anti-mining bill. VP of Research at Riot Platforms Pierre Rochard expressed gratitude to everyone involved, stating, “Texas will continue to be #Bitcoin…
Tether, the company behind the widely popular USD stablecoin, has announced its foray into energy production and sustainable Bitcoin mining operations in Uruguay. According to the announcement, Tether’s collaboration with a local licensed company marks the company’s expansion into the energy sector as part of its goal to become a…
Sabre56, a Bitcoin mining hosting provider and digital asset mining consultancy, has announced a significant hosting deal with GEM Mining, an institutional-grade Bitcoin mining company. The agreement entails Sabre56 hosting 4,510 BTC miners that belong to GEM in its newly constructed facilities in Wyoming. Half of the miners will come…
MicroBT, a leading manufacturer of Bitcoin mining rigs, is focused on addressing the need for upgraded power sources in bitcoin mining. In an interview conducted at Bitcoin 2023 in Miami Beach, MicroBT’s COO, Jordan Chen, emphasized the company’s commitment to developing a solar power mining solution. According to Chen, “Solar…
BIT Mining Limited has announced a collaboration with semiconductor company Chain Reaction to develop next-generation systems for bitcoin mining. According to a press release, the collaboration aims to leverage Chain Reaction’s ‘EL3CTRUM ASIC’ solution to create hardware that delivers industry-leading performance with low power consumption. The press release states that…
Canadian Bitcoin mining corporation Upstream Data Inc. has filed a patent infringement lawsuit against Delaware limited liability company Crusoe Energy Systems LLC in the United States District Court for the District of Colorado. The lawsuit alleges that Crusoe has infringed on Upstream’s patent related to bitcoin mining technology used to…
Governor of the Indonesian Province of West Java, Ridwan Kamil and prominent Bitcoin global advocate and JAN3 CEO Samson Mow, revealed in a fireside chat titled “The Indonesia Bitcoin Mining Campaign” that the government of Indonesia is researching various ways in which bitcoin adoption in the country could benefit its…