cryptocurrency mining

Litecoin (CRYPTO: LTC) and Dogecoin (CRYPTO: DOGE) recorded a sharp uptick in hash rate on Sunday after a mining company disclosed that the two coins yielded three times the profit as mining Bitcoin (CRYPTO: BTC) alone. What happened: Litecoin's hash rate jumped from 1.48 PetaHashes per second to a...

Jensen Huang is one of the world’s most popular technocrats, spearheading the artificial intelligence behemoth Nvidia Corp. (NASDAQ:NVDA)— currently the second-most valued company with a market capitalization of $3.38 trillion. His views on technology, life, and philosophy have been the...

Gita Gopinath, Deputy Managing Director of the International Monetary Fund, expressed concern over the increasing energy consumption and carbon footprint of cryptocurrency mining and AI data centers, expected to worsen in the next few years. What Happened: In an X post on Sunday, Gopinath stated,...

A new report by European law enforcement agency Europol cast aspersions on cryptocurrency mining, calling the burgeoning industry vulnerable to money laundering and financial frauds. What Happened: The 56-page report on encryptions and data privacy accused the mining industry of being a soft target...

President Joe Biden has issued an order to prohibit and require the divestment of a cryptocurrency mining facility operated by MineOne, a company significantly owned by Chinese nationals. What Happened: The facility is notably situated within a mile of the Francis E. Warren Air Force Base in...

JPMorgan analyst Reginald L. Smith highlights the investment cases for Riot Platforms Inc (NASDAQ:RIOT) and Iris Energy Ltd. (NASDAQ:IREN), emphasizing their potential for growth and profitability. Riot Riot Blockchain stands out as a key player in the bitcoin mining landscape, boasting operational...

The U.S. stock market attempted a rebound following Tuesday's declines, sparked by a higher-than-expected inflation report in January, as investors refocused on corporate earnings. The Dow Jones Industrial Average ended Wednesday 0.4% higher at 38,424.27, while the S&P 500 gained 0.96% to 5,...

Russia is considering a proposal to allow the export of cryptocurrencies as part of a broader effort to regulate cryptocurrency mining. What Happened: Ivan Chebeskov, the Deputy Minister of Finance, highlighted this development at a round table titled “Cryptocurrency and the future of digital...

Crypto mining firm Bitdeer Technologies Group (NASDAQ: BTDR) on Friday announced its board of directors sanctioned a new share repurchase initiative, worth around $2 million. As the crypto industry navigates through dynamic financial landscapes, such strategic financial moves by companies like...

Bankrupt Bitcoin (CRYPTO: BTC) miner Core Scientific Inc (OTC: CORZQ) announced the purchase of 27,000 Bitcoin mining servers from Bitmain as part of a deal valued at $77 million. The deal also includes $23.1 million in cash and $53.9 million in Core Scientific common stock...

Crypto mining company Bitdeer Technologies Group (NASDAQ: BTDR) on Tuesday announced the completion of its state-of-the-art mining facility in Bhutan. The Singapore-based Bitcoin (CRYPTO: BTC) mining giant, founded by the Chinese crypto billionaire Jihan Wu, confirmed on Tuesday that...

United States Bitcoin Corp (USBTC) has inked extensive multi-year contracts to accommodate 150,000 Bitcoin mining rigs, among notable companies such as Marathon Digital Holdings (NASDAQ: MARA), reflecting a recovery of the mining sector, striving to bounce back after a challenging 2022. The...

Robert F. Kennedy Jr., the latest presidential candidate and a member of one of the most famous U.S. political families, criticized President Joe Biden's proposed 30% tax on cryptocurrency mining, calling it a "bad idea." Kennedy believes that cryptocurrencies, such as ...

British Columbia has become the third jurisdiction in Canada to place limitations on cryptocurrency mining. The province will not permit new connections to its power system for 18 months as a way to protect electricity for electric vehicles and heat pumps, according to Josie Osborne, Minister of...

Several NVIDIA Corporation (NASDAQ: NVDA) reacted to the chipmaker's first-quarter report with lower price targets. Here's what they had to say. The NVIDIA Analysts: BMO analyst Ambrish Srivastava has an Outperform rating and lowered the price target from $375 to $300. Wells Fargo...