About $80 million will be used to build new data centers in Ohio, North Carolina and Texas as part of a plan to increase the company’s total megawatts by 130% by mid-2024.
Bitcoin has had a strong rally so far this year, and some mining experts see this as an opportunity for the space to stage a comeback.
Galaxy plans to acquire Argo’s bitcoin mining facility Helios for $65 million and provide a $35 million loan amid the miner’s restructuring.
Bitcoin prices have continued to hold near $20,000 this past week, but some miners are crumbling as spiking energy prices and historically low hash prices cut into profits.
The New York Senate has passed a bill that bans crypto mining operations that use carbon-based fuel to power their facilities. The bill specifically is targeting proof-of-work mining, which is one of
Hey everyone, and welcome back to Chain Reaction. In our Chain Reaction podcast this week, Anita and I chatted with Slow Ventures’ Jill Gunter on why there are so many dang blockchains out there
Bitcoin mining is often criticized as an imperfect process due to its energy expenditure, but major firms in the industry are trying to maximize efficiency and sustainability while seeking regulatory
Clearly, demo days are a showcase for tech media, but how much value does this performative Silicon Valley tradition create for founders and investors?
Kentucky and mining-focused businesses alike have reaped benefits from legislation to incentivize bitcoin miners to establish roots in the southeastern state.
There are thousands of pounds of bitcoin mining equipment still in transit from China to Texas, part of a multi-month caravan, as Texas Governor Greg Abbott makes courting the bitcoin industry a pinna
As crypto investors widely know, China has declared all cryptocurrency transactions illegal and outlawed crypto mining activities. Lately, a court decision further reasserted the government’s at
The two founders of Crusoe Energy think they may have a solution to two of the largest problems facing the planet today — the increasing energy footprint of the tech industry and the greenhouse
Cryptocurrency mining has become the latest target for the Chinese government seeking to phase out industries considered a drag on the country’s economy. The National Development and Reform Comm
During a gold rush, Silicon Valley’s line is to always invest in picks and shovels instead of mining. Sometimes it pays just to do both. TechCrunch has learned through a company fundraise overvi
Write off another piece of crypto craziness: A Kodak-branded Bitcoin-mining rig that was on show at CES in January, where it generated much headshaking and skepticism that it could ever deliver the cl
One news site is taking a novel approach to making ends meet. Salon announced today it would give readers a choice between turning off ad-blocking software or "allowing Salon to use your unused comput
After over two years in stealth mode, the bitcoin mining supercomputer manufacturer, Bitcoin Brothers is launching its hosted bitcoin mining services, powered by what the company claims are better, st