Mining – Bold Players

CleanSpark adds hashrate with $9.3M acquisition of Georgia mining campuses

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Bitcoin miner Iris Energy’s shares surge 20% on expansion announcement

Russia eyes crypto mining legalization by 2024 with specialized authorized mining organizations

What’s going on behind the scenes of June’s massive miner outflow?

El Salvador’s Bitcoin Volcano in sight

El Salvador continues its dedication to becoming a global leader in the Bitcoin mining industry through the development of its ambitious Volcano Energy project. The country plans to add 241 MW of renewables and 1.3 Eh/s of Bitcoin mining, marking a further step towards “economic freedom,” energy competitiveness, and “self-reliance,” as shared on Twitter by…

Cleanspark fiscal year revenue crosses $100M amid expansion plans

Marathon Digital increased its production by 77% to 1,245 BTC in May

Marathon Digital Holdings mined a record-high number of Bitcoin (BTC) in May, increasing its production by 77% compared to April 2023. The mining firm produced 1,245 BTC in May — up 366% from May 2022. Marathon’s chairman and CEO Fred Thiel explained that the spike in BTC production was a direct result of the increase…

Bitfarms sold 90% of its Bitcoin mined in May

Is the US 30% Bitcoin mining tax dead?

In a significant turn of events, the controversial Digital Asset Mining Energy (DAME) excise tax was not included in the latest Fiscal Responsibility bill aimed at tackling the Debt Ceiling crisis. This proposed 30% tax on energy costs for cryptocurrency miners drew widespread criticism from stakeholders within the crypto-mining sector and U.S. lawmakers. Thus, the…

Canaan’s mining revenue rises 3.3% in Q1 while overall revenue declines

Bitcoin (BTC) miner Canaan reported a 3.3% increase in its mining revenue for the first quarter, according to a May 26 statement. Mining revenue According to Canaan, it generated $11.1 million in mining revenue between January 1 and March 31. This represents a 3.3% increase from the $10.7 million it raised during the fourth quarter…