CleanSpark Inc., a leading Bitcoin miner in the U.S., achieved remarkable growth in December 2024, mining 668 bitcoins and totaling 7,024 bitcoins for the year. The company reported a 287.9% increase in hashrate and a 33.3% boost in efficiency. CEO Zach Bradford highlighted their progress, reaching a hashrate of 39.1 EH/s and enhancing operational efficiency. ...
Digihost Technology (DGHI) experienced impressive financial growth in December 2024, reporting cash, Bitcoin, and deposits totaling $10 million, a massive 257% jump from the previous year. Their monthly revenue also increased by 21% to $3.4 million despite facing challenges like a temporary shutdown and the Bitcoin halving event. In December, the company produced around 35 ...
Roula Khalaf, the Editor of the Financial Times, shares her favorite stories in a weekly newsletter, highlighting significant issues like the environmental impact of bitcoin mining. This year, bitcoin mining has consumed an enormous amount of energy, equivalent to Sweden’s annual usage. Despite the high cost and environmental concerns, Mara Holdings has found a sustainable ...
Energy Plug Technologies Corp. is taking a significant step towards sustainable energy and cryptocurrency mining with an expansion plan in Greenwood, British Columbia. Partnering with Greenwood Energy Corp. and Malahat Battery Technologies, the company aims to create a supply chain for Battery Energy Storage System (BESS) crypto mining containers, initially targeting Dogecoin mining. The facility ...
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 ...
Cryptocurrency has changed how we handle money by enabling secure and borderless transactions. However, it also has a serious drawback: high energy consumption, particularly from Bitcoin mining, which contributes significantly to carbon emissions. Currently, Bitcoin mining uses more energy than some countries. This article discusses the environmental impact of cryptocurrency, focusing on the push for ...
Tesla Inc. has successfully raised $499 million by selling bonds backed by loans for customers purchasing solar equipment. This move aims to strengthen the company's financing options and support its sustainability initiatives. The bonds will provide capital to expand Tesla's solar energy business, making solar installations more accessible to consumers.
