Mining
Mining News
Mining News: The backbone of the Cryptocurrency Industry.
Mining has been a vital part of the cryptocurrency industry since its inception. It is the process by which new coins are created and transactions are validated on the blockchain network. As the demand for cryptocurrencies continues to rise, so does the demand for mining. The mining industry is constantly evolving, with new technologies and techniques being developed to increase efficiency and profitability.
Stay tuned to cryptonews.one for the latest updates and developments in the mining industry, including news on popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, and more.
CleanSpark Joins S&P SmallCap 600 as Shares Drop Amid Bitcoin Decline
47
Bitcoin miner CleanSpark will be added to the S&P SmallCap 600 index, but its stock fell 5%, mirroring Bitcoin 4% drop. Investors remain cautious despite strong revenue growth.
Read More...
Read More...
TeraWulf Revenue Soars 102% Amid Bitcoin Mining Expansion
50
Bitcoin mining giant TeraWulf has reported a staggering 102% year-over-year revenue growth, reaching $140.1 million in 2024. This surge is attributed to increased BTC production, improved market prices, and the company’s strategic…
Read More...
Read More...
Bitcoin Mining Could Cut Global Methane Emissions by 8.5% by 2030
50
Leading ESG analyst Danial Batten suggests that Bitcoin mining could play a critical role in reducing methane emissions by 8.5% by 2030. By capturing and utilizing methane from landfills and oil fields, miners can generate electricity while…
Read More...
Read More...
US Bitcoin Miners Stockpile BTC Amid Rising Costs and Tough Competition
51
US Bitcoin miners, led by giants like Mara Holdings and Riot Platforms, are hoarding BTC as they face soaring costs, regulatory scrutiny, and competition from AI developers. With Trump’s pro-Bitcoin policies fueling optimism, miners are…
Read More...
Read More...
Russia Imposes Crypto Mining Ban in Ten Regions Until 2031 to Curb Energy Strain
28
Russia bans crypto mining in ten regions, including Dagestan and Chechnya, until 2031 due to high energy consumption. The ban disrupts legal and illegal operations while spurring underground mining activities.
Read More...
Read More...
Online advertising service 1lx.online
Russia Adopts Bitcoin for Foreign Trade as Sanctions Drive Crypto Innovation
29
Russia embraces Bitcoin and cryptocurrencies for international trade, legalizing mining and transactions to counter Western sanctions. The shift underscores its strategy to reduce dependence on the US dollar.
Read More...
Read More...
Bitcoin Ends 2024 in Gains, But Mining Stocks See Mixed Results Amid Challenges
26
Despite Bitcoin all-time highs and a strong hashrate, most mining stocks struggled in 2024, with some like Argo Blockchain down 82%, while others like TeraWulf surged 170% due to diversification efforts.
Read More...
Read More...
Marathon Digital Acquires $618M in Bitcoin, Expands Corporate Treasury
38
Bitcoin mining giant Marathon Digital has purchased $618 million worth of Bitcoin at an average price of $95,352 per BTC. This acquisition raises its corporate BTC treasury to $3.3 billion, solidifying its position as the second-largest…
Read More...
Read More...
Russian Power Provider Shuts Down Illegal Crypto Mining Farm with 110 Rigs in Dagestan
31
Rosseti, Russia power provider, dismantled a large illegal crypto mining operation in Dagestan capital, seizing 110 rigs and investigating damage to the energy grid.
Read More...
Read More...
Miners Go Nuclear: Bitcoin and Energy Sectors Forge New Symbiosis
33
The merger of Bitcoin mining with nuclear energy marks a transformative trend in the energy and crypto sectors. As policymakers champion nuclear energy and Bitcoin prices hit $90K, mining operations leverage nuclear power for cost-effective…
Read More...
Read More...