Bit Digital, a Bitcoin mining company, has purchased an industrial building in Madison, North Carolina for $53.2 million through its Canadian subsidiary. This acquisition is part of a broader strategy to diversify into artificial intelligence (AI) and high-performance computing. The deal includes an initial deposit of $2.25 million, with $1.2 million being non-refundable, and is ...
Bitfarms, a leading Bitcoin mining company, has secured a $300 million loan from Macquarie Group to enhance its high-performance computing data centers. Initially, $50 million is earmarked for the Panther Creek project in Pennsylvania, with the remaining funds contingent on meeting specific development goals. Once fully operational, Panther Creek aims to achieve a capacity of ...
Bitfarms Ltd., an energy and compute infrastructure company, has secured a significant private debt facility with Macquarie Group for up to $300 million. This initial agreement allows Bitfarms to access $50 million immediately to cover soft costs for its Panther Creek data center project, with the potential for up to $250 million more as development ...
Bitdeer Technologies Group, a leading blockchain and high-performance computing company, has unveiled its new Bitcoin mining machines, the SEALMINER A2 Pro series. This upgraded line includes two models: the SEALMINER A2 Pro Air, featuring air-cooling, and the hydro-cooled SEALMINER A2 Pro Hyd. Both models boast an impressive power efficiency ratio of 14.9 J/TH and enhanced ...
Bitfarms Ltd., a major player in Bitcoin mining, has successfully acquired Stronghold Digital Mining, enhancing its U.S. strategy. This acquisition expands Bitfarms’ energy management to 623 megawatts and establishes a robust growth pipeline of 1.1 gigawatts in Pennsylvania, positioning the company as a leader in the PJM Market. The merger rebalances Bitfarms’ portfolio to 80% ...
Bitdeer Technologies Group has successfully tested its new Bitcoin mining chip, SEAL03, achieving an impressive power efficiency of 9.7 joules per terahash. This chip, developed in collaboration with TSMC, meets the performance targets set in the SEALMINER technology roadmap. The Chief Business Officer, Matt Kong, expressed excitement about this milestone, highlighting Bitdeer’s commitment to innovation ...
A group of 38 tech companies in Europe has launched the Digital Autonomy with RISC-V in Europe (DARE) project, which focuses on creating advanced processor units for supercomputers and high-performance machines. Supported by significant funding, DARE aims to develop three RISC-V chiplets over the next three years. The project is coordinated by the Barcelona Supercomputing ...
HIVE Digital Technologies announced impressive results for the third quarter of fiscal year 2025, reporting total revenue of $29.2 million. This includes $26.7 million from digital currency mining and $2.5 million from high-performance computing services. The company achieved a net income of $1.3 million and an Adjusted EBITDA of $17.3 million, showcasing its operational efficiency. ...
The Bitcoin ecosystem is hitting new milestones, with its mining difficulty rising to an all-time high of 110.45 trillion. This increase, marking the eighth consecutive positive adjustment, makes mining Bitcoin significantly harder, pushing many miners to explore other avenues like high-performance computing and artificial intelligence for sustainability. Notable companies like MARA Holdings are adapting by ...
Iris Energy (IREN) has announced impressive growth in its Bitcoin mining operations, reporting a 450% increase in hashrate and a remarkable 77% profit margin on hardware. In December alone, the company mined 529 Bitcoins, resulting in $52.1 million in revenue. They aim to reach a mining capacity of 50 EH/s by mid-2025. Additionally, Iris Energy ...
