Mining

Mining

Finance

Iris Energy Turns On 41 Megawatts of Bitcoin Mining Machines Ahead of Schedule

The company plans to add another 50 MW by the end of next month, bringing its total hashrate to 3.7 exahashes per second.

Bitcoin mining rigs (Image credit: Eliza Gkritsi/CoinDesk)

Finance

After Countless Bungles, Compass Mining Tries to Change Course

The company that set out to make crypto mining available to retail investors has had to put out its own fires.

Compass Mining's booth at Mining Disrupt in Miami in July 2022. (Eliza Gkritsi/CoinDesk)

Finance

Crypto-Miner Mawson Says CFO Resigns

The company appointed Ariel Sivikofsy as a consultant until it selects a replacement.

(Shutterstock)

Tech

What the Merge Means for Ethereum Miners

There is speculation about moving to Ethereum Classic once proof-of-work is gone from the main chain, but mining pools remain split on where they will turn in a post-Merge world.

Ethereum network illustration (Shubham Dhage/Unsplash)

Finance

Core Scientific Sold More Bitcoin in July Than It Mined

The miner still holds 1,205 bitcoins and expects to continue to sell its mined coins to pay for expenses.

Core Scientific CEO Mike Levitt (Danny Nelson/CoinDesk)

Finance

Justin Sun Backs Ethereum Hard Fork as Merge Approaches

Sun said he will support development on the existing Ethereum network following the expected merge in September.

Tron founder and diplomat Justin Sun (Shutterstock/CoinDesk)

Finance

Crypto Miner Argo Blockchain Faced Equipment Challenges, Higher Costs in July

The London-based company produced 219 bitcoins in the month, 22% more than in June.

Bitcoin mining rigs (Image credit: Eliza Gkritsi/CoinDesk)

Policy

Paraguay’s Electricity Authority Requests Higher Rates for Crypto Miners, Partial Veto of Mining Legislation

The legislature last month approved a bill regulating crypto mining and trading in the country.

Bitcoin mining rigs (Image credit: Eliza Gkritsi/CoinDesk)

Markets

Rare Signal Hinting at Bitcoin Price Bottom Emerges

Bitcoin's difficulty ribbon is compressing, hinting at miner capitulation and a market bottom.

Bitcoin's difficulty ribbon is compressing, indicating a bear market bottom. (ElyPenner/Pixabay)

Markets

Ethereum Classic Is Not Ethereum so a Merge-Fueled Rally Won't Last: Messari

It's unlikely Ethereum Classic has any long-term viability, despite interest by miners, according to analyst Tom Dunleavy.

(Unsplash)