POW
BITMAIN is a global blockchain technology pioneer and is especially famous for its world’s leading blockchain servers. We are devoting ourselves to contributing to blockchain technology to create a better digital world for all human beings.
65 articles
- GoMining Offers Individuals Access to Its Mining Data CentersBitcoin mining service provider GoMining allows individuals to access its data centers and earn mining rewards through a proprietary token system. Users don't need to purchase or maintain hardware, as all operations are…
- Bitfarms' Bitcoin Production Increased in AugustBitfarms produced 383 Bitcoins in August, a 1.3% increase from the 378 mined in July. The company sold 323 BTC in August, generating a total revenue of $9 million (Source: globenewswire).
- Fidelity Investments Started Bitcoin Mining in 2014Bitcoin Magazine reports that Fidelity Investments has been mining Bitcoin since 2014, demonstrating early interest and involvement by mainstream financial institutions in Bitcoin (Source: Twitter).
- SlowMist Yuxuan: Bitcoin engraving vulnerability CVE officially adopted by the United States National Vulnerability DataOn December 12th, BlockBeats reported that the founder of SlowMist, Yu Xian, stated on social media that the CVE vulnerability for Bitcoin's sequence inscription has been officially adopted by the United States National…
- Australia crypto miner further bolsters US presence with a $110M fundraiseAustralian firm Arkon Energy is expanding its US bitcoin mining footprint just six months after first entering North America — and has raised $110 million to help fuel the growth. The Sydney-based company has agreed to…
- Bitcoin Miner Stronghold Secures $15 Million Equity Raise Amidst Hashrate Curtailment ChallengesIn a recent disclosure, the publicly-listed bitcoin mining corporation Stronghold Digital Mining publicized its entry into a $15 million securities purchase agreement with an institutional investor. Furthermore…
- DMG Blockchain Solutions Reports Output and Plans New Equipment PurchaseDMG Purchases Bitmain T21 Bitcoin Miners for up to 1 EH/s of New Hashrate DMG expects shipment of its T21 miners in the March quarter of 2024; terms of the purchase are 10% downpayment (already paid) with the balance due…
- Hut 8 Partners Strategically with CelsiusThe Canadian Bitcoin mining firm Hut 8 has signed an interim agreement to launch a new mining site in Cedarvale, Texas, in connection with the Celsius Network bankruptcy proceedings. Announcing the news on Dec. 18, Hut 8…
- Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for November 2023Fort Lauderdale, FL, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, today published unaudited bitcoin…
- BETS has mined over 120 BTC, and the second site is about to launchCHANGSHA, China, Nov. 29, 2023 /PRNewswire/ -- Bit Brother Limited (the "Company," "we", or "Bit Brother") (NASDAQ: BETS ) is pleased to announce significant achievements regarding its 6MW mining farm at 1968 N Access…
- Crypto Firm Phoenix Hits $3.3 Billion Value in Abu Dhabi DebutThat gave the six-year-old company a market capitalization of 12.3 billion dirhams ($3.3 billion). The stock closed at 2.03 dirhams Tuesday, up from the IPO price of 1.50, having earlier risen as much as 51%. Phoenix…
- 2023 Bitcoin Annual Report OutlookThe report shows a 158% increase in coin price, total mining revenue exceeding $9.8 billion, and a 90.35% increase in mining difficulty (Source: BlockBeats).
- Increase in Bitcoin Miner RevenueBitcoin miner revenue in December exceeded $1.55 billion, nearing the historical high of April 2021 (Source: Dune).
- El Salvador Plans to Launch Bitcoin BondExpected to launch Bitcoin bonds (Volcano Bonds) in the first quarter of 2024 (Source: The Block).
- Bitcoin DeFi Service Platform ALEX Releases New VersionLaunched the Alpha version of Bitcoin Oracle, promising to bring security, transparency, and efficiency to Bitcoin L1 asset operations (Source: Twitter).
- 7RCC, an ESG-Oriented Crypto Asset Company, Submits ETF ApplicationFocused on ESG investment, 7RCC submitted an application to the SEC for a spot Bitcoin and carbon credit futures ETF (Source: Bloomberg).
- Bitwise Revises Spot Bitcoin ETF ProposalMade a second revision to the prospectus of its spot Bitcoin ETF, with ongoing negotiations with the U.S. Securities and Exchange Commission (SEC) (Source: BlockBeats).
- Ordinals-Related Transactions Increase Miner RevenueBlockworks Research noted that transactions related to Ordinals generated approximately $38.7 million in revenue for Bitcoin miners in November (Source: CoinDesk).
- Growth in Bitcoin Ordinals TransactionsOn December 3, the daily transaction volume on the main Bitcoin Ordinals inscription platform rose to about $15.94 million, a significant increase from $4.94 million on November 26 (Source: CoinDesk).
- Bitcoin NFT Sales Exceed $1 BillionAccording to Cryptoslam, total sales of Bitcoin network NFTs have surpassed $1 billion, with 1,234,176 transactions (Source: Cryptoslam).
- Cboe Digital to Launch Bitcoin and Ethereum Margin Futures and Clearing ServicesPlanned for January 2024, Cboe Digital will become the first regulated native cryptocurrency company in the U.S. to combine an exchange and clearinghouse, marking further regulatory and maturity advancement in the…
- Boyaa Interactive Plans to Purchase Bitcoin and EthereumBoyaa Interactive, China's largest card game company, plans to purchase approximately $90 million worth of Bitcoin and Ethereum, indicating increased interest in cryptocurrency investments from traditional industries…
- Coinbase COO on Bitcoin ETFThe COO of Coinbase stated that the company is ready to rapidly respond to market demands once a spot Bitcoin ETF is approved (Source: BlockBeats).
- Custodia Bank Launches Bitcoin Custody Service for BusinessesCustodia Bank announced the launch of its Bitcoin custody service for enterprises, offering more choices and security, and further promoting the mainstream adoption of digital assets (Source: CoinDesk).
- Glassnode Reports Record Number of Profitable Bitcoin AddressesAccording to Glassnode, the number of Bitcoin addresses in profit reached a new high, accounting for 80% of all non-zero addresses, indicating continued healthy and stable growth in the Bitcoin market (Source…
- Bernstein Predicts Bitcoin ValueAnalysts at Bernstein predict Bitcoin's value could reach $150,000 by mid-2025, reflecting an optimistic view of the long-term value of cryptocurrencies (Source: Bloomberg).
- Bit Digital Expands AI Computational Power Rental BusinessBit Digital announced the addition of AI computational power rental services, expected to generate up to $250 million in revenue for the company over the next three years, reflecting its rapid response to market demands…
- Multiple Mining Companies Raise FundsQuantum Blockchain, Marathon Digital, Crusoe Energy, and Bit Digital, among other U.S. listed mining companies, announced financing activities or new business launches, showing strong momentum and market opportunities in…
- Phoenix Group Completes IPOSuccessfully completed its IPO on the Abu Dhabi Securities Exchange, achieving 33 times oversubscription, indicating high market recognition and confidence in its business model (Source: BlockBeats).
- Bitfury Sells Cipher Mining StockBitfury sold 10 million shares of Cipher Mining at $2.95 per share, a move possibly related to Bitfury's liquidity needs or strategic adjustments (Source: BlockBeats).
- Cipher Mining Produces 428 BTC in OctoberThe company's Bitcoin output in October increased by 3% month-over-month, showing steady improvement in mining efficiency and output capacity (Source: businesswire).
- Northern Data Obtains Debt FinancingReceived €575 million in unsecured debt financing from Tether to expand its digital asset business, including projects like Taiga Cloud, Ardent Data Centers, and Peak Mining (Source: TheMinerMag).
- Core Scientific Produces 910 Bitcoins in OctoberOperating around 145,000 owned Bitcoin mining rigs, the figure indicates the company's strong output capacity in the Bitcoin mining sector (Source: BlockBeats).
- Quantum Blockchain Completes FinancingSuccessfully raised approximately $2.4 million through a new share offering, aiding its R&D initiatives, including increased hiring, new hardware purchases, and software development (Source: proactive).
- Crusoe Energy Secures Significant FinancingCrusoe Energy received $200 million in asset-backed financing from Upper90, planning to purchase Nvidia H100 GPUs to expand its cloud operations and enhance computational efficiency (Source: businesswire).
- Marathon Digital Launches Mining Center in Abu DhabiThe company unveiled a 200-megawatt immersive cooling Bitcoin mining center in Masdar City, Abu Dhabi, demonstrating its global expansion momentum (Source: twitter).
- Marathon Digital Raises FundsMarathon Digital filed FORM S-3 with the U.S. Securities and Exchange Commission (SEC), announcing plans to raise up to $750 million through a mixed equity offering to support its business expansion and capital needs…
- Komainu Receives Approval from UK FCAKomainu, a compliant crypto custody company, announced it has received approval from the UK Financial Conduct Authority, becoming a custodian wallet provider in the UK, enhancing its compliance status and service…
- Thai Prime Minister Discusses Digital Wallet Policy GoalsThe Thai Prime Minister stated that the digital wallet policy aims to create a $50 billion ripple effect by 2024, equating to a 5% increase in GDP, reflecting the government's focus and expectations for the digital…
- Canada's TMX to Launch Bitcoin Futures TradingTMX Group, Canada's largest trading platform, announced that its derivatives trading platform will soon launch Bitcoin futures contracts, signifying further development in the Bitcoin financial derivatives market…
- El Salvador Launches Geothermal Bitcoin Mining PoolEl Salvador and Luxor Technology launched 'Lava Pool,' using geothermal energy for Bitcoin mining. 23% of the net profits will be contributed to the government, showcasing the country's innovation in sustainable energy…
- Analysis of Bitcoin's Performance in Q3According to NYDIG data, Bitcoin fell by 11.1% cumulatively in the third quarter, performing better than long-term bonds, reflecting the dynamics of the cryptocurrency market and investors' risk preferences (Source…
- Bitcoin Market Share Rises to 48.50%The market share of Bitcoin reached 48.50%, with the total cryptocurrency market cap approximately $1.1128 trillion, demonstrating Bitcoin's dominant position in the cryptocurrency market (Source: CoinGecko).
- AnchorWatch Completes $3 Million FundingAnchorWatch, a commercial entity insurance company holding Bitcoin, announced the completion of a $3 million funding round led by Ten31, indicating the market's demand and confidence in Bitcoin insurance solutions…
- Historical High Profits for Three Bitcoin Miners in SeptemberCleanSpark mined 643 BTC in September, increasing their total holdings to 2,240 BTC, marking the highest profit quarter in company history. Riot Blockchain mined 362 BTC in the same month, receiving total electricity and…
- Franklin Templeton Applies for a Spot Bitcoin ETFManaging nearly $1.5 trillion in assets, the company plans to list this type of fund on the Cboe BZX Exchange (Source: Blockworks).
- CME's 'Fed Watch' Shows High Probability of Rates Remaining Unchanged in SeptemberAccording to CME data, there is a 93% chance that the Federal Reserve will keep interest rates unchanged at its September meeting (Source: Bloomberg).
- Probability of the Federal Reserve Keeping Rates Unchanged in September RisesThe swap market reflects a 93% probability of the Federal Reserve maintaining interest rates unchanged in September (Source: Bloomberg).
- Japan's Financial Services Agency Promotes Development of Digital Currencies and Cryptographic AssetsIn the 2023 fiscal year financial policy guidelines, Japan's Financial Services Agency mentioned initiatives to advance digital currencies and cryptographic assets, including promoting the registration review system for…
- Financial Stability Board and International Monetary Fund Launch Joint Document at G20 SummitThe document aims to implement a cryptocurrency policy framework, including global coordination, cooperation, and information sharing, submitted at the request of G20 chair country India (Source: The Block).
- The Potential Upside of a U.S. Spot Bitcoin ETF May Be UnderestimatedA report by K33 Research suggests that the market may be underestimating the potential upside of a U.S. spot Bitcoin ETF. The report argues that the approval of a spot Bitcoin ETF would attract substantial capital…
- Centralized Cryptocurrency Exchanges' Bitcoin Spot Trading Volume Hits Near Two-Year Low in AugustBitfinex reports that the Bitcoin spot trading volume on centralized cryptocurrency exchanges in August dropped to the lowest monthly level since October 2020, reflecting a decline in confidence in Bitcoin and the…
- Bitcoin Seen as Ideal Currency for AIAccording to Bloomberg, Bitcoin, as an efficient open-source digital currency, is viewed as the ideal currency type for AI agents due to its fast, permissionless, and microtransaction capabilities, offering more…
- GlobaleCrypto Launches Cloud Mining SolutionGlobaleCrypto has announced its entry into the Turkish market with a cloud mining solution aimed at reducing energy consumption and hardware maintenance costs. The company manages over 10EH/s of computing power, ensuring…
- Compass Mining Analyst Discusses Diversified Revenue Strategies for Bitcoin MinersAnthony Power, an analyst at Compass Mining, notes that Bitcoin miners are exploring diversified revenue strategies, especially in the context of Bitcoin's price volatility. Miners like Hut8, Hive Digital, and Iris…
- AnchorWatch Completes $3 Million FundingAnchorWatch, a commercial entity insurance company holding Bitcoin, announced the completion of a $3 million funding round led by Ten31, indicating the market's demand and confidence in Bitcoin insurance solutions…
- Uzbekistan: Solar mining assets exempt from tax, but bans mining anonymous currenciesThe National Agency of Prospective Projects (NAPP) in Uzbekistan announced its demands toward crypto mining operators. It would only allow the companies that use solar energy to mine Bitcoin (BTC) or other…
- New York Environmental Regulators Deny Greenidge Generation's Power Plant PermitThe New York State Department of Environmental Protection (NYSDEC) has denied bitcoin miner Greenidge Generation’s application for a power plant license needed to continue operating in the region, after a “dramatic”…
- Russian central bank executive: Legalizing crypto mining is possible under certain conditionsThe head of the financial technology department of the Central Bank of Russia (CBR), Kirill Pronin, told the Saint-Petersburg International Legal Forum on Wednesday, June 29 that discussions on legalizing mining are…
- Proof of Work in Blockchain
- Nothing is Cheaper than Proof of WorkSo-called “alternatives” to Proof-of-Work “waste” just as much “work”. Intro: Wasted Resources I previously wrote a post on proof of work (PoW) and mining . The first half generated great interest but (apparently) failed…
- But how does bitcoin actually work?
- UnenumeratedIntroduction Blockchains are all the rage. The oldest and biggest blockchain of them all is Bitcoin , which over its eight-year history so far starshipped in value from 10,000 bitcoins per pizza (before there were…
- Is Crypto Destroying The Planet? No!
- Bitcoin Is an IdeaDon’t worry about people stealing an idea. If it’s original, you will have to ram it down their throats. Howard H. Aiken There’s no flesh or blood within this cloak to kill. There’s only an idea. Ideas are bulletproof…