Foundry, a major Bitcoin mining firm, has laid off about 60% of its employees, reducing its workforce from 250 to around 80-90. This decision, affecting staff in the U.S. and internationally, is part of a strategic realignment despite the company expecting to generate $80 million from its self-mining operations this year. Foundry, which is a ...
HIVE Digital Technologies has announced a significant acquisition of 8.6 EH/s of Bitmain S21+ Hydro chips, aiming to boost its Bitcoin mining capacity to 15 EH/s by summer 2025. The initial order of 13,480 units (4.3 EH/s) will be delivered by April-May 2025 at a price of $14 per TH. The company projects annual revenues ...
Volato Group has unveiled a groundbreaking technology that allows aircraft to earn revenue through Bitcoin mining. This innovative system uses excess electricity generated during flights to power specialized mining hardware designed for high altitudes. It can easily scale up when there are empty seats or unused cargo space, turning aviation inefficiencies into valuable digital assets. ...
Volato Group, trading on NYSE American as SOAR, has introduced a cutting-edge technology that allows aircraft to generate revenue by mining Bitcoin during flights. This innovative system uses excess electricity from regular flight operations, utilizing specialized mining hardware designed for high altitudes. It can expand its operations when there are empty seats or unused cargo ...
MARA Holdings, Inc. (NASDAQ: MARA) made headlines in November by mining an impressive 907 BTC, a 26% increase from October, thanks to operational upgrades and a rise in hash rate. The company also reached a record by snagging 254 blocks, boosting its BTC yield per share to 37.2%. In addition to mining, MARA expanded its ...
Bitfarms Ltd. has released its operational update for November 2024, showcasing significant growth in Bitcoin production. The company achieved an operating hashrate of 12.8 EH/s and earned 204 BTC, reflecting an increase of 100% year-over-year. They have initiated new hosting agreements in Pennsylvania, which are expected to enhance their North American operations. Additionally, Bitfarms is ...
Hyperscale Data, Inc. has announced that it has mined a total of 640 Bitcoin in 2024, with around 380 of those mined at its Michigan facility. The remaining 260 Bitcoin came from previously hosted machines at Core Scientific, Inc. CEO William B. Horne expressed satisfaction with their Bitcoin mining operations as the company transitions toward ...
The parliament of Bern, a Swiss canton, has approved a proposal to explore Bitcoin mining, with a vote of 85 to 48. This legislation, backed by members from various political parties, aims to assess the potential of Bitcoin mining using unused energy. The cantonal government will prepare a report to evaluate how Bitcoin mining could ...
The Swiss canton of Bern’s parliament has approved a plan to study Bitcoin mining, with a vote of 85 to 48. This initiative is backed by members across different political parties, including the Federal Democratic Union and the Green Liberal Party. The cantonal government will research how Bitcoin mining can utilize unused energy and stabilize ...
MARA Holdings, previously known as Marathon Digital Holdings, focuses on Bitcoin mining and holding. Recently, its stock has been on the rise, but many investors are cautious due to its heavy reliance on the volatile cryptocurrency Market. The company’s strategy of buying $100 million in Bitcoin and not selling mined assets puts it at risk ...
