BTC price surge cannot stop Canaan’s revenue from shrinking
The NASDAQ listed hardware manufacturer reported a net loss of $12.7 million in Q3 despite a BTC price jump during the same period.
Latest block reward mining News
Venezuelan army turns to block reward mining for money
The Venezuelan army has begun block reward mining to secure funds, in a bid to stave off the effects of economic collapse in the country.
US emerging as block reward mining powerhouse
Industry watchers have noticed that hashrate emanating from North American has been increasing, eroding the centralized collective market share that Chinese competitors once held.
Russian in hospital after BTC mining operation sets apartment ablaze
A Russian man is nursing burn wounds after his BTC block reward mining operation caught fire and set his apartment ablaze.
China block reward miners finding it hard to pay electricity bills: report
The clampdown has reportedly makes it harder for block reward miners to exchange the digital token they mine into the Chinese Yuan in order to pay utility companies.
Hut 8 revenue dips in latest 2020 earnings reports
The earnings report shows the firm generated revenue of US$4.3 million in Q3, down significantly from C$26.7 million during the same period last year.
Russia energy titan En+ Group enters digital currency mining sector
Moscow-based En+ Group announced a move into the digital currency mining space through a venture with mining farm operator BitRiver.
Layer1 mired in legal fight over Texas facility
The co-founders of Layer1 Technologies Inc. are mixing it up in court over ownership rights to one of the company's core assets.
2 block reward miners arrested in Malaysia over $600K electricity theft
Power theft in Malaysia by alleged block reward miners continues to be a big challenge for the country’s authorities.
Russia wants oversight over mining farms in new bill
The Russian government will have oversight over all the country’s block reward mining farms if a recently proposed bill is passed.
US Marine Corps banned from block reward mining
The Marine Corps published a memo giving new directions regarding the use of commercial apps on ‘government-furnished equipment (GFE) mobile devices.’