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Mining

A collection of 11 posts

US Dominates Bitcoin Hashrate with Over 40% Control

US Dominates Bitcoin Hashrate with Over 40% Control

The landscape of Bitcoin mining has shifted dramatically, with the United States now leading the charge by accounting for over 40% of the global Bitcoin hashrate, as reported by the close of 2024. This significant portion of the network's computing power is primarily funneled through two US-based mining

Bitfufu Secures Massive Bitcoin Mining Boost with Bitmain Deal

Bitfufu Secures Massive Bitcoin Mining Boost with Bitmain Deal

In a bold strategic move to dominate the digital asset mining landscape, Bitfufu, a publicly traded company listed on Nasdaq, has revealed a significant partnership with Bitmain. On January 2, 2025, Bitfufu revealed it had secured a deal to acquire an additional 80,000 Antminer S units, showcasing its intent

Why Bitcoin Might Be Less Decentralized Than Ethereum

Why Bitcoin Might Be Less Decentralized Than Ethereum

In the ever-evolving world of crypto, the debate over which blockchain is truly decentralized continues. A recent post by Ethereum evangelist Anthony Sassano has sparked intrigue by comparing the decentralization of Bitcoin and Ethereum, two of the most prominent cryptocurrencies in the market. The post, which has certainly caught the

Chinese Car Dealership Cango Makes $256 Million Investment into Bitcoin Mining

Chinese Car Dealership Cango Makes $256 Million Investment into Bitcoin Mining

In a bold move that underscores the shifting corporate strategy, Shanghai's own Cango Inc., traditionally known for its automotive transactions, has plunged into the murky, yet lucrative waters of Bitcoin mining with a hefty investment of $256 million. Cango's Strategic Shift into Cryptocurrency The company has

Marathon Digital Turns Bitcoin Mining Heat into Warmth for 80,000 Finnish Homes

Marathon Digital Turns Bitcoin Mining Heat into Warmth for 80,000 Finnish Homes

In a fascinating experiment, Marathon Digital Holdings has managed to turn the heat from Bitcoin mining into a resource that warms the homes of 80,000 residents in Finland. This innovative approach not only redefines what we think about Bitcoin mining but also showcases how such operations can contribute positively

Nvidia Faces Setback as US Supreme Court Rejects Appeal in Crypto Class Action Suit

Nvidia Faces Setback as US Supreme Court Rejects Appeal in Crypto Class Action Suit

In a significant legal blow to Nvidia, the tech giant known for its high-performance graphics processing units (GPUs), the United States Supreme Court has dismissed the company's appeal, paving the way for a class-action lawsuit to move forward. This lawsuit accuses Nvidia of misleading investors by understating the

Marathon Digital's Massive $618M Bitcoin Purchase Sparks Market Surge

Marathon Digital's Massive $618M Bitcoin Purchase Sparks Market Surge

In a move that has captured the attention of both the crypto and financial markets, Marathon Digital, a prominent Bitcoin miner from Florida, has announced the acquisition of approximately 6,484 Bitcoins for a staggering $618 million in cash. This strategic purchase was disclosed in a recent SEC filing, signaling

Hive Mining Advances with Paraguayan Operations

Hive Mining Advances with Paraguayan Operations

Hive Mining, a crypto mining company, has recently shared significant updates regarding the expansion and enhancement of its mining capabilities in Paraguay. This strategic move not only underscores Hive's commitment to growth but also highlights their adaptability in the ever-evolving blockchain landscape. Expansion in Paraguay In the verdant

Bitcoin Mining Firm Greenidge Triumphs in New York Legal Battle

Bitcoin Mining Firm Greenidge Triumphs in New York Legal Battle

In a significant development for the cryptocurrency mining industry, Greenidge Generation Holdings Inc. has emerged victorious in a legal tussle that could have profound implications for the sector, particularly in New York. This battle wasn't just about the right to mine Bitcoin; it was a broader discourse on

Trump's Proposal for Tax-Free U.S.-Issued Cryptocurrencies Like Bitcoin, Cardano, and XRP

Trump's Proposal for Tax-Free U.S.-Issued Cryptocurrencies Like Bitcoin, Cardano, and XRP

In a significant policy shift that could reshape the crypto landscape in the United States, former President Donald Trump has hinted at potentially groundbreaking changes in how cryptocurrencies are taxed. The proposal, which has stirred discussions across financial and tech sectors, suggests that digital currencies issued in the U.S.

Russia's Strategic Move: Mining Bitcoin in BRICS Nations

Russia's Strategic Move: Mining Bitcoin in BRICS Nations

In an era where digital currency is not just a trend but a geopolitical strategy, Russia has announced its ambitious plan to mine Bitcoin across the BRICS countries. This initiative, revealed by none other than Andrei Lugovoi, a State Duma member, underscores a pivotal shift in how Russia perceives and