Bitcoin Mining Stock Report: Monday, November 28
Most bitcoin mining stocks tracked by The Block traded lower on Monday, continuing a longer-term trend.
Eco-Friendly Approach to Bitcoin Mining by PEGA Pool Coming in 2023
If there is one thing that the mainstream associates Bitcoin mining with, it’s the excessive usage of electricity.
New York Mayor Seeks Balance With Regulators After PoW Mining Moratorium
New York City mayor Eric Adams is still focused on making New York a crypto hub, but he believes that goal can be combined with statewide efforts to curb environmental costs related to crypto mining, according to reports on Nov 25.
Bitcoin Mining Can Help Balance Electrical Grid Demand, Says Texas Spokesperson
A spokesperson from the Electric Reliability Council of Texas (ERCOT) — the organization that operates Texas’s electrical grid — told Cointelegraph that crypto loads can have impacts on the grid just like any large load. Yet, they noted that crypto miners can help stabilize the grid by shutting down their demand for electricity in real time:
New York Becomes First US State To Restrict Bitcoin Mining
New York state governor Kathy Hochul has signed a moratorium on using fossil fuels to power Bitcoin mining operations in the region.
Largest Publicly Traded Bitcoin Mining Business in US Lost $1.7 Billion This Year
Core Scientific Inc., the largest publicly traded <a href="https://coingape.com/tag/bitcoin/">Bitcoin</a> mining business in the U.S., reported a $1.7 billion loss for the first nine months of the year. The Austin, Texas-based business is one of the miners that has been most hit, as low Bitcoin prices have caused mining revenue to drop to an all-time low.
Iris Energy Slashes Bitcoin Mining Capacity Due to a Requested Loan
Iris Energy – an Australian crypto mining company whose main purview is the operation of BTC mining sites in Canada running on renewable energy exclusively – has recently ceased mining in two subsidiaries.
Bitcoin mining stock report: Monday, November 21
Most bitcoin mining stocks tracked by The Block traded lower on Monday, some by double digits.
Bitcoin Miner Sell Pressure Reaches Six Year High
Bitcoin miners are selling their coins at a record pace after the top cryptocurrency by market cap fell to its lowest price in 2022 this month.
