Marathon Digital boosts Bitcoin production by 21% YoY in April, defies halving challenges

Marathon Digital reported a significant year-on-year surge in its Bitcoin production last month, defying expectations surrounding the halving event. Bitcoin production increase In its April operational report, Marathon revealed that it produced 850 BTC, marking a notable 21% increase on the year-on-year metrics.

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Marathon’s Bitcoin production slips 9% amid ‘unprecedented’ heatwave

Marathon Digital experienced a 9% dip in Bitcoin production in August 2023, primarily due to increased shutdowns in Texas owing to record-high temperatures.

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Marathon Digital posts Q2 losses amid record-breaking Bitcoin production

Marathon Digital Holdings recorded a net loss of $21. 3 million for the second quarter, despite its Bitcoin (BTC) production surging by over 300%, according to an Aug. 8 statement. Earnings breakdown Per the financial statement, the miner earned $81.

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Top Crypto Miner At Record Bitcoin Production, Bear Market Over?

The Bitcoin (BTC) mining and data center hosting company Riot has recently announced its production and operations update for January 2023. It has produced a new all-time high of 740 Bitcoin in the last month.

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Riot Blockchain tripled production this year and is hoarding $194M in Bitcoin

Public mining firm Riot Blockchain has more than tripled its year-to-date Bitcoin production.

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Marathon Shares Bitcoin Production Updates, Secures $100 Million RLOC

The bitcoin miner published its BTC production for September and announced a $100 million revolving line of credit.

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Bitcoin Miner Marathon Digital Loans 300 Bitcoin to NYDIG for a 3% Interest Rate, Production Rises 6% in August

Publicly-listed Bitcoin miner Marathon Digital Holdings disclosed in its latest filing with the US Securities and Exchange Commission (SEC) that it has entered into a Material Definitive Agreement with Bitcoin financial service provider NYDIG.

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Blockstream's $210 Million Raise Is Critical In The Global Bitcoin Arms Race

Blockstream's $210 million raise will play a big role in North American ASIC production and manufacturing.

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Announcing Blockstream Energy, A New Service Focused On Renewable-Sourced Bitcoin

Blockstream has announced Blockstream Energy, a new service that allows energy producers to maximize energy production efficiency and sell surplus electricity.

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Riot Blockchain Forges Ahead With Expansion Plans, Opens Texas Facility For Production

Bitcoin mining firm Riot Blockchain has advanced plans to meet its production target this year by opening its Whinstone facility at Rockdale, Texas, for operation. Riot aims to push the new facility’s hash rate capacity to 7.

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Bitcoin Miner Bitfarms Mined 391 BTC In July With 99% Clean Energy

Bitcoin mining company Bitfarms has shared bitcoin production updates, including energy usage and the company's strategic HODL mentality.

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Public Miner Hut 8 Now Holds Over 4,000 Bitcoin Worth $150 Million

Publicly traded Hut 8 has seen its Bitcoin mining production increase by 50 percent in the wake of China's crackdown on its domestic industry.

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Saudi Aramco, Gazprom, ExxonMobil Move Into Bitcoin Mining

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Russian Crypto Industry Scrambles to Attract Miners as Kazakhstan Overtakes Russia in Mining Volume

An industry association representing the Russian crypto sector has launched a project to entice bitcoin miners. Despite its abundant sources of cheap energy, Russia is now lagging behind Kazakhstan, another Eurasian Economic Union member, in terms of cryptocurrency production.

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Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US

Following the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States.

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Bitfarms Green Energy Bitcoin Mining Hits Record High in July

Bitfarms has revealed in its production update released on July 14, 2021, that the recent bitcoin (BTC) mining difficulty reduction, coupled with the exodus of bitcoin miners from China, has had a positive effect on its production.

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Anhui Becomes The Sixth Chinese Province To Clamp Down On Bitcoin Mining

To say 2021 has been a rough year for Chinese crypto miners would be a big understatement. The country’s increased crackdown on crypto mining has essentially paralyzed an industry that accounts for more than 50% of global BTC production.

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Riot Blockchain Bitcoin Production Jumps More Than 400% Year-on-Year Amidst Mining Exodus

Riot Blockchain, a Nasdaq-listed mining company, reported Thursday on its Bitcoin production last month. The company’s numbers jumped a little more than 400% year-on-year, as a result of the increase in mining power.

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Production Cost: Why $14K Is Likely The Absolute Floor For Bitcoin

Bitcoin price is at a critical inflection point according to most analysts across the market, either ready to lose support and fall deep into a bear market, or about to climb to new highs – nothing in between.

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Bitcoin Miners Must Stop Production Altogether, Says Iranian VP

Despite the ban, Iraning Bitcoin miners are still blamed for crippling power outages

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Chinese Bitcoin mining shakeout may have surprise BTC price consequences — analyst

Bitcoin's production cost is dropping, and price action often rebounds to new highs if it dips below it, data shows.

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Riot Blockchain’s Bitcoin production up 220% from last year

The company’s May production and operations update revealed it had mined a total of… The post Riot Blockchain’s Bitcoin production up 220% from last year appeared first on Coin Journal.

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Key Quotes And Ideas From Day One Of The Bitcoin 2021 Conference In Miami

The Bitcoin 2021 conference in Miami is well underway. First day: done. Apparently, sadly, production failed and there were thousands of people in line for hours. They missed the first few talks, but we didn’t.

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Отраслевой эксперт назвал инициативу Илона Маска губительной для индустрии

Финтех-предприниматель Рагнар Лифтрасир назвал создание Совета по добыче биткоина [Bitcoin Mining Council, BMC] «регуляторным захватом» индустрии майнинга. This man is an enemy of Bitcoin and the Mining Council is regulatory capture of Bitcoin at its point of production.

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Bitcoin Power: The Energy Of A Money

Energy production and its surrounding industry will experience a major shift in operations as Bitcoin becomes a driving force of profit.

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Crypto mining will be a bridge to 100% renewable energy production, says Mike Colyer

"At some point Bitcoin mining will look like a utility, and it’s going to be a part of critical infrastructure for countries," said the Foundry Digital CEO.

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Riot Blockchain Bitcoin production jumps 80% over pre-halving levels

The company said it held more than $94 million in crypto as of March 31, all from Bitcoin it has mined.

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UK Bitcoin mining revenues soar, but China hogs 75% of ‘blood coin’ production

U.K.-based Argo Blockchain just did record revenues, but a new report suggests 75% of Bitcoin mining still takes place in China, where “blood coin” is made.

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SEC Claims Bitcoin and Ether Documents Are Not Relevant to Ripple Case

The SEC has asked the judge not to order the production of the Bitcoin and Ethereum documents demanded by Ripple

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What The Stock-To-Flow Model Says About Bitcoin’s Future Price

The stock-to-flow model, which accounts for the availability and production of an asset, can help predict the future bitcoin price.

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The Wisemining Sato Boiler- A Product That Aims to Heat Your Home and Offset Costs by Mining Bitcoin

In just over two weeks, a company called Wisemining plans to launch a new product called Sato, a boiler that can provide heat to a home by leveraging ASIC mining rigs for heat production. It also means that the heater provides revenue in the form of cryptocurrency, which offsets the costs of heating a home […]

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Nasdaq-Listed Mining Company Riot Blockchain Reports Its February Production Results

Riot Blockchain mined $10 million worth of Bitcoin in February

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Bitcoin an ‘Emerging Competitor’ to Gold, Says CME’s Chief Economist

Blu Putnam said gold's ongoing production, likely to increase this year, contrasts with bitcoin's fixed supply.

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Global Chip Shortages Disrupt Bitcoin Mining Rig Production: China’s Dominant Position as Hash Rate Leader Under Threat

The ongoing global shortage of chips that are used in the production of bitcoin mining rigs is now causing manufacturing disruptions. According to one report, these disruptions are causing a shortage of rigs on the market and subsequent price increases.

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China’s Bitcoin Mining Industry Get Hits by Ongoing Global Chip Shortage

A severe global shortage of computer chips used to make bitcoin mining rigs has reduced the production capacity of the rigs in China, which has the world’s biggest BTC mining rigs manufacturing industry.

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Not enough chips to support production of Bitcoin mining rigs

China-based Bitcoin miners are facing setbacks because of a lack of mining chips, across the world. The region, which is the world leader in the mining business, is facing unprecedented prices of miniThe post Not enough chips to support production of Bitcoin mining rigs appeared first on AMBCrypto.

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Venezuela’s Bolivarian Army Embarks on Bitcoin Mining for Income and Sanction Evasion

Venezuela is further expanding its crypto foothold in what seems to be a tact towards salvaging the country’s economy while evading imposed sanctions, especially by the United States. Through one of its engineering brigades, the Venezuelan army recently revealed a Bitcoin mining center dubbed ‘Digital Assets Production Center of the Bolivarian Army of Venezuela.

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Communists Embrace Bitcoin

Use the blockchain to “seize the means of monetary production.” That’s the call by philosopher Mark Alizart in a new book called Cryptocommunism. He argues blockchain provides a basis for...

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Democratizing Bitcoin's hash rate takes center stage at mining summit

Bitcoin's bull market is having a dramatic effect on demand for hardware resources as miners look to ramp up production.

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How Bitcoin Shakes The Energy Industry

Stranded natural gas operations could be the next major avenue of Bitcoin’s entry into the global energy production industry. The post How Bitcoin Shakes The Energy Industry appeared first on Bitcoin Magazine.

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DCG’s $100 Million Plan to Diminish China’s Dominance on Bitcoin Production

Barry Silbert’s Digital Currency Group has entered into the bitcoin mining world with the announcement of its new wholly-owned subsidiary, Foundry. “Digital asset mining and staking provide the backbone of the blockchain technology that will drive that advancement,” noted Silbert, the founder and CEO of DGC.

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Daily Lost Bitcoins Are Creating Scarcity That Will Eventually Boost Its Valuation, Says Bitcoin.org Co-Owner

As of today, 6. 25 BTC is mined roughly every 10 minutes. That translates to an average of 900 BTC mined per day. This number decreases every 4 years during a phenomenon called the Bitcoin halving when Bitcoin production is cut in half.

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Top Bitcoin Mining Firms Bitmain, Ebang, and Canaan Are Shifting Focus to the Development of AI Chips

The Bitcoin mining industry is facing an overhaul in mining equipment production as three of the top mining pools – Bitmain, Ebang, and Canaan – all aim at introducing AI chips in the future. Since the launch of Bitcoin, miners have pocketed over $14 billion in rewards, but this revenue is slowly diminishing as new, […]

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Could Buffett’s Change in Gold Strategy Move Him Toward Bitcoin?

Warren Buffett’s investment firm Berkshire Hathaway Group has invested in gold production for the first time ever. The firm purchased 20. 9 million shares of Barrick Gold Corp. , one of the larger producers of gold.

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Miner Hut 8 Reports Q2 Revenue Plunged 67% to $6.9 Million Due to Bitcoin Halving

Canadian miner Hut 8 Mining Corp has reported that second quarter revenue tumbled 67% to $6. 9 million from $21. 2 million a year ago, as Bitcoin’s supply cut in May forced production to decline.

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Jihan Wu Looks to Split Bitmain’s AntMiner Supply Chain & Manufacturing Process

The power tussle in the largest Bitcoin miner maker, Bitmain, is now threatening to essentially hard fork its operations for the production of AntMiner equipment. On July 16, one of Bitmain’s co-founder, Wu Jihan registered a new firm in Shenzhen, China.

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Power Struggle Inside Bitmain ‘Hard Forks’ Bitcoin Miner Production

The ongoing battle between the two co-founders at Bitmain has essentially hard forked the production at the world’s largest bitcoin miner manufacturer.

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Satoshi Nakamoto Kidnapped, Tortured by NSA to Destroy Crypto in New Movie ‘Decrypted’

Decrypted, a new crypto movie about Satoshi Nakamoto, the mysterious creator of Bitcoin, is in production. In this “outrageous and provocative dark comedy,” Satoshi Nakamoto is kidnapped by the NSA and tortured for information that could help the government destroy cryptocurrency.

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Crude oil futures crash leaves bitcoin unscathed

Owing to restrictions within the U. S. and abroad during the COVID-19 pandemic, the demand for refined petroleum products has all but disappeared. As a result, oil refineries have significantly cut their production and purchase of crude oil.

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