Cryptocurrency Mining | ForkLog

ForkLog 34 09.01.2025

Thai police seize about 1,000 bitcoin miners from JIT Co.

Thai police seized 996 bitcoin mining devices from JIT Co., based in the eastern province of Chon Buri, according to local media. The firm, registered to trade digital assets, is suspected of stealing electricity. Preliminary estimates put losses at hundreds of millions of baht (millions of dollars). An employee told police the power theft took […]

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ForkLog 86 09.01.2025

Canaan unveils heaters for home bitcoin mining

Canaan has launched the Avalon Mini 3 and Nano 3S, devices that mine bitcoin while heating homes. ? Live from CES 2025! Witness history as our Chairman and CEO, Mr. NG Zhang, officially unveils the Avalon Mini 3 to the world. ? https://t.co/zwFPrYXH0R Compact, powerful, and accessible, this device is designed to revolutionize #Bitcoin mining […]

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ForkLog 40 06.01.2025

MARA deploys 7,377 BTC to crypto lending platforms

Miner MARA has sent 7,377 BTC (16.4% of its bitcoin reserves) to crypto lending services to earn “modest” additional income.

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ForkLog 151 04.01.2025

Bitcoin mining in 2024: the halving shock and an AI ‘lifeline’

The halving dented miners’ revenues, yet hashrate hit record highs, diversification into AI computing became fashionable, and America consolidated its lead in the industry. A look back at what else defined bitcoin mining in 2024. The industry weathered the fourth halving. Amid falling revenues, a boom in AI computing offered a ‘lifeline’ to many participants. […]

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ForkLog 17 03.01.2025

BitFuFu signs Bitmain deal for up to 80,000 Bitcoin miners

Cloud-mining provider BitFuFu has signed a contract with Bitmain to purchase up to 80,000 S-series miners. ? We’ve signed a 2-year deal with BITMAIN to acquire up to 80,000 state-of-the-art miners. Flexible orders and payment terms help us expand capacity and deliver top-notch, cost-effective Bitcoin mining solutions worldwide. #BITMAIN #GlobalExpansion #BTC pic.twitter.com/OSMdXOp8fd — BitFuFu (@BitFuFuOfficial) […]

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ForkLog 35 30.12.2024

Bitcoin Mining Difficulty Reaches New All-Time High

The latest recalibration has seen the difficulty of mining the leading cryptocurrency rise by 1.08%, reaching a record 109.78 T. Bitcoin mining difficulty chart. Data: Minerstat. The average hash rate since the previous adjustment was 777 EH/s. According to Glassnode, on November 21, the smoothed seven-day moving average reached a peak of 780.9 EH/s, before […]

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ForkLog 87 27.12.2024

Bitcoin Miners Account for 18% of Ethiopia’s Electricity Sales

Bitcoin miners contribute nearly a fifth of all electricity sales revenue in Ethiopia, according to The Africa Report, citing Hiwot Eshetu, Marketing Director of the state-owned Ethiopian Electric Power (EEP). “Currently, 18% of EEP’s monthly sales come from Bitcoin mining. This exceeds all of Ethiopia’s electricity exports to neighboring countries,” he noted. As of November […]

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ForkLog 36 27.12.2024

Kyrgyzstan’s Tax Revenue from Cryptocurrency Miners Halves

In 2024, cryptocurrency mining taxes contributed over 46.6 million Kyrgyz soms ($535,000) to the national budget of Kyrgyzstan, according to a report by the Ministry of Economy and Finance. However, local media report that this figure represents a 50% year-on-year decline. In 2023, miners paid 93.7 million soms (over $1 million) in taxes. Source: Ministry […]

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ForkLog 27 26.12.2024

Crypto Stock Winners and Losers of 2024

The year 2024 brought significant developments for the crypto industry: another halving, the launch of several cryptocurrency ETFs, and excitement over the change of power in the United States spurred market growth. Throughout 2024, the price of Bitcoin rose by 125%, while the S&P 500 index increased by 25%. Chart of the total cryptocurrency market […]

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ForkLog 28 25.12.2024

HIVE Invests $30 Million in AI Computing Expansion

Canadian mining firm HIVE Digital Technologies has invested $30 million in Nvidia’s popular GPUs for AI computations. $HIVE announces the acquisition and deployment of an additional cluster of cutting-edge NVIDIA H100 GPUs and the newest NVIDIA H200 GPUs. This $30 million investment reinforces HIVE’s growth position as a leader in the global gig economy while […]

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ForkLog 37 25.12.2024

Bitcoin Miners’ Stocks Diverge from Bullish Trend

Since the beginning of the year, Bitcoin’s price has surged by 113%, yet the shares of most mining companies have ended up “in the red” during this period, as noted by Cointelegraph. Out of 25 public miners, only seven have yielded profitable stock returns in 2024: Core Scientific (CORZQ) — shares increased by 327%; TeraWulf […]

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ForkLog 22 24.12.2024

TeraWulf Allocates 70 MW for AI Computing

Mining company TeraWulf has leased out 70 MW of its infrastructure for AI computing equipment on a long-term basis. $WULF Has Big News ?? (a thread) TeraWulf is thrilled to announce long-term data center leases with our first #AI customer, @Core42_ai (subsidiary of G42) — a prominent AI cloud and managed services provider that brings […]

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