Crypto Winter Ends Era of Bitcoin Mining ‘Hodlers’
The last publicly listed bitcoin miner to pursue a 100% “hodl” strategy since the bull market, Hut 8 Mining (HUT), said last week that it finally gave in and sold 188 bitcoins in February to fund operations.
Bitcoin Miner Hut 8 Talks Operational Issues and USBTC Merger in Earnings Call
Operational issues across its bitcoin mining sites are weighing on Hut 8 Mining (HUT) as it tries to complete what would be one of the largest deals in the sector – the company's merger with U.S. Bitcoin Corp.
Marathon Digital Terminates Credit Facilities with Silvergate Bank
Bitcoin mining firm Marathon Digital has paid off its term loan and terminated its credit facilities with crypto-friendly Silvergate Bank, just as the bank announced it will be winding down operations. Marathon announced on Mar. 8 that it had prepaid its outstanding loan balance earlier that day, and would be terminating the revolving line of credit facility between the firms after providing Silvergate Bank with the required 30-day notice in early February. (Cointelegraph)
Jack Dorsey’s Payments Company Block Seeks Input on Mining Kit
Jack Dorsey’s Block, Inc. has announced that it is seeking input on an ongoing Bitcoin mining project, as seen in a blog post from the company on March 7.
Bitcoin Mining Energy Efficiency Keeps Improving Despite Environmental FUD
The environmental, social, and governance (ESG) properties of Bitcoin mining continue to get better, according to recent findings.
TeraWulf’s Nuclear-Powered Bitcoin Mining at Nautilus Facility is Online
TeraWulf – which focuses on environmentally clean mining operations – has announced starting operations of Nautilus Cryptomine, the first nuclear-powered Bitcoin mining facility in the United States.
Argo Mined More Bitcoins, Increased Revenue — Despite Network Difficulty
The amount of bitcoin mined daily by Argo Blockchain and the mining company's revenue increased in February.
TeraWulf Goes Nuclear: 8,000 Rigs Spool up in Nautilus Mining Facility
United States-based Bitcoin mining company TeraWulf has fired up a new crypto mining facility in Pennsylvania — solely running on nuclear power generated on-site. In Mar. 6 statement, TeraWulf said the Nautilus Cryptomine facility is its first “behind the meter” Bitcoin mining facility, which refers to using energy directly at the generation site without travelling through the grid. (Cointelegraph)
Crypto Morning Briefing: Binance Renews Pledge To Create and Fund Web3 Education for Women
Galaxy Digital Has Excess Capital After Acquisitions, Needs To Get Them Right Before Spending Again; Ordinals Creator Slams Yuga Labs for “Degenerate” Bitcoin NFT Auction; TeraWulf Starts Nuclear-Powered Bitcoin Mining With Nearly 8,000K Rigs at Nautilus Facility; Dogecoin Drops 10% on the Week as Elon Musk Turns Attention to AI
Galaxy Digital Has Excess Capital After Acquisitions, Needs To Get Them Right Before Spending Again
Galaxy Digital has leftover capital after its two infrastructure acquisitions late last year, but plans on getting it right with those first investments, co-president Chris Ferraro said.
