Iris Energy Shares Jump Nearly 20% on Plans for Bitcoin Miner Expansion
June 21 (Cointime) - Shares of Bitcoin miner Iris Energy have risen by almost 20% following news of its planned expansion to 9.1 exahashes/second (EH/s). The company aims to expand its capacity by 63% by early 2024 and revitalize its high-performance computing (HPC) data center strategy.
Bitcoin miner earns over $160,000 with a single rig, defying the odds
Despite the recent downturn in the crypto market, one lucky bitcoin miner managed to solve a block using a single Antminer S9 rig. The miner earned 6.175 BTC, or $160,100, which is 200 times the price of the rig on Amazon. The miner used Solo CKPool, a software proxy that returns 98% of bitcoin rewards to the miner instead of sharing profits with other miners. Solo CKPool is ideal for small setups that may struggle to sync the entire Bitcoin blockchain, but large mining operations can also use it.
Bitcoin Miner Revenue Slows, But Reserves Surge and Potential for Rally Rises
The hype surrounding Bitcoin has decreased, resulting in a slowdown of miner revenue. However, the introduction of the BRC-20 token standard caused a surge in Bitcoin miner revenue, reaching a peak of $17.8 million.
Upstream Data Sues Crusoe Energy Over Patent Infringement in Natural Gas Bitcoin Mining Technology
Upstream Data, a Canadian natural gas bitcoin miner, has filed a lawsuit against Crusoe Energy for patent infringement. The lawsuit alleges that Crusoe's technology infringes on Upstream Data founder Stephen Barbour's patent, and that Crusoe developed the technology with knowledge of this infringement. Upstream Data is seeking damages and a court order for Crusoe to stop violating their intellectual property.
Bitcoin Miner Reserve Takes Sharp Plummet as On-Chain Data Shows Recent Selling Pressure
Bitcoin has fallen below $27,000 as on-chain data suggests that miners may have been selling the asset. The "miner outflow" indicator shows that miners have taken out approximately 1,750 BTC from their wallets in the past day, which could be a bearish sign for the cryptocurrency's value.
Marathon Digital Holdings Receives Subpoena from US SEC in Montana Data Center Investigation
Bitcoin miner Marathon Digital Holdings has received a subpoena from the US Securities and Exchange Commission (SEC) in relation to the ongoing investigation of the Montana Data Center and potential violations of securities laws.
Crypto Evening Briefing: Bitcoin Miners Reap Profits As Mining Difficulty Hits 3-Month Low
Bitcoin miners have received a boost in profits after the scheduled difficulty level adjustment resulted in a positive balance, which is the first time since February that the difficulty has decreased.
Bitcoin Miner Bitfarms Hits 5 Exahash per Second Milestone with Argentina Expansion
Bitcoin miner Bitfarms has achieved a hashrate of 5 exahash per second (EH/s) with the expansion of production at its farm in Argentina. The facility, in Rio Cuarto, has taken advantage of low energy costs in the region to increase its hashrate from 4.1 EH/s when it went live last September.
Beleaguered Bitcoin Miner Greenidge Inks Deal with Core Scientific
New York Bitcoin miner Greenidge said that Core Scientific will host 6,914 of Greenidge’s mining rigs as part of a one-year partnership. Core Scientific is a miner with facilities in Dalton, Georgia, and Calvert City, Kentucky.
Russia Is 2nd Biggest Bitcoin Miner After U.S.: Report
Russia is now the second largest Bitcoin miner after the U.S., according to a report by Russian media Kommersant. Russia’s new ranking comes amid moves by the U.S. to tax and regulate crypto mining at both state and federal levels, resulting in a less welcoming environment for the industry in the U.S.
