To enable the transition to block reward mining, the NASDAQ listed company signed a binding investment term sheet with several former board directors of ASIC hardware manufacturer Canaan.
The wholly owned subsidiary of natural gas firm Gazprom is initially running mining operations from one of its oil drilling facilities in Siberia.
By leveraging its newly assembled hashing power, the company expects to benefit from the economies of scale in purchasing equipment and managing energy cost to achieve higher returns.
The town of Torrey in New York is the subject of a number of lawsuits, following the announcement of plans to expand a block reward mining facility.
U.S.-based Riot Blockchain recently announced it would soon test a new 8-megawatt immersion cooling technology at their Texas facility.
Core Scientific is planning to increase current capacity by threefold by purchasing over 58,000 ASIC hardware miners from Bitmain.
A vendor has taken Hyperblock to court, alleging the owner concocted a scheme to keep them from paying the debt for electricity it consumed.
As it turns out, Bitcoin may end up being the most complex social network we have seen in history, Connor Murray writes.
The NASDAQ-listed block reward mining firm recently announced purchasing 10,000 next-generation Antminer S-19j Pro miners for its Hardin, Montana data center.
Titan Pool seeks to connect regional BTC miners together by offering them the same operational efficiencies that miners in other regions enjoy.
Hive reported revenue of $13 million during its fiscal second quarter, up 8.2% from the same period a year ago, with gross profits of $7.4 million.
Baoshan authorities have reportedly ordered electricity producers to stop supplying power to some block reward miners from the city.
