Bitcoin Mining

Bitcoin mining is the process by which new bitcoins are created and transactions are verified and added to the blockchain network. It involves powerful computers solving complex mathematical problems to secure the Bitcoin network and maintain its decentralized nature. Individuals, companies, and even specialized mining pools participate in this process, known as miners. These miners play a crucial role in ensuring the integrity and security of the Bitcoin network. As the number of bitcoins in circulation is limited, mining also serves as a means of distributing new bitcoins. Miners are rewarded with newly minted bitcoins for their computational efforts and the energy they contribute to the network. Bitcoin mining has evolved over time, with the advent of more efficient hardware and the rise of mining farms. These farms, often operated by companies, leverage economies of scale to maximize their mining capabilities. Additionally, mining protocols and algorithms have been developed to adapt to the increasing computational power and maintain the network's stability. Crypto exchanges facilitate the trading of bitcoins, allowing miners to convert their earned bitcoins into traditional currencies or other cryptocurrencies. This dynamic ecosystem of people, companies, protocols, and blockchain networks collectively contribute to the functioning and growth of Bitcoin and the broader cryptocurrency market.

Finance

Bitcoin Miner Iris Energy Says Some Machines Aren't Covering Financing Costs

The company's shares fell almost 9% in early trading.

By Jamie CrawleyNov 2, 2022

Finance

Bitcoin Miner Stronghold Digital Completes Debt Restructuring

The company over the past 10 weeks has returned 26,200 miners to NYDIG in exchange for the extinguishment of $67.4 million of debt.

By Stephen AlpherNov 1, 2022

Stronghold runs a coal refuse facility in Pennsylvania. (Stronghold Digital Mining)

Finance

Lender Generate Capital to Buy Bankrupt Bitcoin Miner Compute North's Stake in 2 Bitcoin Mining Facilities

The lender is paying $5 million in cash and assuming liabilities associated with the two sites, which total 400 MW of operating capacity.

By Eliza GkritsiNov 1, 2022

Compass' Wolf Hollow site in Granbury, Texas (Compute North)

Finance

Bitcoin Miner CleanSpark Buys Another Batch of Mining Machines

The company has acquired more than 26,500 rigs and 116 MW of facilities in recent months.

By Eliza GkritsiNov 1, 2022

CleanSpark's immersion-cooled bitcoin miners at a site in Norcross, Georgia. (Eliza Gkritsi/CoinDesk)

Finance

Digihost Bucks Bearish Trend Among Bitcoin Miners, Remains Cash-Flow Positive

The company remains debt free despite soaring energy prices and a stagnant crypto market.

By Oliver KnightNov 1, 2022

Antminer bitcoin mining rigs displayed at Consensus 2021 (Christie Harkin/CoinDesk)

Finance

El minero de bitcoin Argo no consigue recaudar US$27M y las acciones se desploman

El sector de la minería de bitcoin está luchando contra el aumento de los precios de la energía y el estancamiento del valor de las criptomonedas.

By Oliver KnightOct 31, 2022

Argo Blockchain's Helios facility in Dickens County, Texas. (Argo Blockchain)

Finance

Bitcoin Miner Argo's $27M Fundraise Falls Through; Shares Plunge

The bitcoin mining industry is battling soaring energy prices coupled with the stagnated value of cryptocurrencies.

By Oliver KnightOct 31, 2022

Finance

Troubled Bitcoin Miner Core Scientific's Shares Continue to Plunge on Bankruptcy Risk

The shares fell another 15% Friday after a rough week amid financial woes and analyst downgrades.

By Michael BellusciOct 28, 2022

Core Scientific facility in North Carolina. (Core Scientific)

Videos

As Bitcoin Teases 100-Day Average, Traders Say Latest Crypto Bounce Looks More Constructive Than August

Risk assets seem to be breaking out bullishly, with bitcoin is challenging its 100-day simple moving average that aborted the August rally. Meanwhile, public miners have slowed their coin sales since June when they ran down their bitcoin inventory by liquidating 350% of the mined coins. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Oct 27, 2022

Videos

US GDP Expands 2.6% in Q3; Core Scientific’s Shares Plummet After Bankruptcy Warning

The U.S. economy rose in the third quarter after two consecutive months of contraction. Shares of the world's largest bitcoin miner, Core Scientific (CORZ), plummeted to as low as 23 cents after the firm warned it could enter into bankruptcy. CFTC Commissioner Christy Goldsmith Romero said crypto echoes the risks of the 2008 financial crisis.

Oct 27, 2022