Marathon Digital has announced the purchase of additional Bitcoin mining hardware from Bitmain. According to a release issued on Monday, the United States-based Bitcoin (BTC) mining giant has completed a purchase deal for 30,000 Antminer S19j Pro at a reported cost of $120.7 million. The news marks a continued increase of Marathon’s Bitcoin mining inventory, with Bitmain expected to complete the delivery of the new rigs by June 2022. With the 30,000 rigs in tow, Marathon’s total Bitcoin miner count will go north of 133,000, delivering an estimated hash rate of 13.3 exahashes per second (EH/s). To put the figure …
The Nasdaq-listed Bitcoin (BTC) mining company Bit Digital has announced it will issue $13.9 million in shares in exchange for mining hardware. According to a Nov. 11 announcement, Bit Digital has inked asset-purchase agreements with non-U.S. investors to issue 4,344,711 shares valued at $3.20 each in exchange for Bitcoin miners boasting a combined hash power of 1,000 petahashes per second, or 1 exahash per second. Bit Digital launched its BTC mining business in February 2020, quickly amassing 1,250 PH/s in power by October. The additional miners will nearly double Bit Digital’s operational hashing power once installed. The company also expects …
Leading cryptocurrency mining application specific integrated circuit (ASIC) producer Bitmain announced the intention to grant a partial refund to the customers that bought its AntMiner S17+ and T17+ before the price cuts. A post published by Bitmain on April 14 announced that customers who purchased AntMiner S17+ and T17+ machines from mid-February to the end of April will receive compensation coupons. Who gets refunds and where can they use them? If the machines shipped after April 13 but the customer paid the original, higher, price, then the buyer will receive a coupon after the shipment. Bitmain says to expect the …
Blockchain company Bitfury announced the launch of a new crypto-mining data center in Ontario, Canada. The new crypto mining center adds to the list of existing Canadian sites currently operating in Drumheller, Alberta and Medicine Hat. Bitfury partnered with Hut 8 Mining, a Toronto Stock Exchange-listed Bitcoin (BTC) mining company, to set up mining operations across North America. The new crypto mining facility in Ontario is expected to operate at 16 megawatts (MW) by the end of this month. According to the announcement, Bitfury has plans to add 12MW capacity in the coming months, which will bring up the total …
Cryptocurrency mining involves using a computer, or several computers, to validate transactions on a blockchain. Technically, these computers solve cryptographic equations and record data in a digital ledger. The more computers solving equations, the faster the blockchain can validate transactions. When miners verify the hashes of unconfirmed blocks, they receive a reward for each verified hash. Mining can be energy and computationally-intensive, requiring specialized hardware and crypto-mining software. Among the most mined (and most profitable) cryptocurrencies are Bitcoin (BTC), Monero (XMR), Ravencoin (RVN), and Dogecoin (DOGE). Ether (ETH) used to be part of this list but Ethereum has recently shifted …