Hut 8 | ForkLog

ForkLog 47 09.07.2024

Hut 8 to Expand Bitcoin Mining Capacity to 1.3 GW

Mining firm Hut 8 has finalized an agreement to purchase electricity for a site in Texas, granting immediate access to land and a capacity of 205 MW. Hut 8 has executed definitive agreements for a 205 MW greenfield site in West Texas, expanding our energy infrastructure platform to approximately 1.3 gigawatts. This transaction marks several […]

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ForkLog 24 25.06.2024

Hut 8 Secures $150 Million for AI Computing Infrastructure Expansion

Coatue Management invests $150 million in Hut 8 to develop AI computing infrastructure. Investor interest in bitcoin miners surged following Core Scientific’s HPC hosting deal. Mining company Hut 8 has finalized an agreement with a fund managed by Coatue Management, which will invest $150 million in the firm through convertible bonds. We are incredibly excited […]

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ForkLog 36 12.05.2024

Bitcoin Mining Output Declines in April, Say Miners

In early May, mining companies reported their performance for the previous month. ForkLog compiled the key metrics in one article. Marathon Digital Holdings In April, Marathon Digital Holdings produced 850 BTC — a 21% increase from the same period last year. However, compared to March, the figure decreased by 5%. Data: Marathon Digital Holdings. According […]

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ForkLog 24 07.04.2024

Bitcoin Miners Ramp Up Production Ahead of Halving

In early April, mining companies reported their performance results for the previous month. ForkLog has compiled the key figures in one report. Marathon Digital Holdings In March, Marathon Digital Holdings produced 894 BTC—an increase of 7% compared to the previous month. Data: Marathon Digital Holdings. According to the press release, the hash rate fell by […]

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ForkLog 15 03.04.2024

Hut 8 CEO Dismisses Prospect of New Bankruptcy Wave Among Bitcoin Miners

Hut 8 CEO Asher Genut does not foresee a repeat of 2022’s wave of bankruptcies among mining companies in the near future. He made this statement in an interview with Bloomberg. According to him, the primary financial issues for miners at that time were linked to excessive debt and unpreparedness for rising electricity prices. In […]

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ForkLog 40 06.03.2024

Bitcoin Mining Output Declines in February

In early March, mining companies reported their performance for the previous month. ForkLog compiled the key figures in one article. Marathon Digital Holdings In February, Marathon Digital Holdings produced 833 BTC — a 23% decrease from the previous month. Data: Marathon Digital Holdings. According to the press release, the hash rate increased by 9% to […]

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ForkLog 28 27.02.2024

Hut 8 to Establish 63 MW Bitcoin Mining Facility in Texas

Mining company Hut 8 has announced the commencement of construction on a bitcoin mining facility in Culberson, Texas, with an anticipated hash rate of 3.6 EH/s. It’s a great day to build, esp. when it’s at a 40% savings over buying turnkey sites! Construction is underway at our newest site in Culberson County, TX: expected […]

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ForkLog 29 09.02.2024

Marathon Digital’s Bitcoin Production Plummets by 42% in January

At the beginning of February, mining companies reported their performance results for the past month. ForkLog compiled the key figures in one article. Marathon Digital Holdings In January, Marathon Digital Holdings produced 1084 BTC — a 42% decrease compared to the previous month. Source: Marathon Digital Holdings. According to the press release, the hash rate […]

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ForkLog 19 08.01.2024

Marathon Mines Record 1853 BTC in December

At the beginning of January, mining companies reported their performance for the previous month. ForkLog compiled the key figures in one article. Marathon Digital Holdings In December 2023, Marathon Digital Holdings mined a record number of coins — 1853 BTC. For the entire year, the figure amounted to 12,852 BTC. Source: Marathon Digital Holdings. According […]

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ForkLog 18 11.12.2023

Marathon trims mining output in November, and Riot Platforms mined 552 BTC

In early December, mining companies reported results for the past month.

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ForkLog 19 01.12.2023

Hut 8 completes merger with USBTC

Hut 8 Mining announced the completion of the merger with mining company US Bitcoin (USBTC).

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ForkLog 48 15.11.2023

Riot Platforms Sold 440 BTC in October, while Bit Digital Trimmed Production by 14%

ForkLog has compiled the main mining-company metrics for the month in one piece.

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