USBTC Aims to Become Bitcoin Mining Giant After Deal to Buy Celsius Assets

The miner will receive $15 million management fee for the Celsius mining assets, which it will operate exclusively.

• 2023-05-26
• Celsius computing power U.S. Bitcoin Corp. crypto assets mining machines Marathon Digital Holdings

Bitcoin Miner Bit Digital Adds Machines in Iceland Before Possible U.S. Tax Crackdown

New York-based Bit Digital is expanding its operations to Iceland in a bid to hedge the bitcoin-mining company’s regulatory risk amid a proposed a crypto-mining tax from the Biden administration. Samir Tabar, chief executive of Nasdaq-listed Bit Digital, told The Wall Street Journal that the company bought 2,500 new bitcoin-mining machines for $5 million last week and will house them in Iceland, the company’s first time sending new computers outside the U.S. in two years. Bitcoin miners’ el

• 2023-05-18
• Iceland Bitcoin miners digital assets The Wall Street Journal Bit Digital Samir Tabar mining machines U.S.

Jack Dorsey's Block Snaps Up Bitcoin Mining Chip as Intel Winds Down Production

Block's bitcoin mining products could come as early as early next year.

• 2023-04-28
• bitcoin mining Jack Dorsey Block Intel mining machines Thomas Templeton

Crypto mining rig maker Canaan shares slump after Q4 revenue sank 82%

Canaan’s shares on Nasdaq closed 3.83% lower at US$2.51 on Wednesday after the cryptocurrency mining rig maker reported an 82% year-on-year drop in revenue on Tuesday for the fourth quarter of last year, citing “lackluster market demand” for mining machines as the price of Bitcoin fell.

• 2023-03-09
• Bitcoin fourth quarter mining machines price of Bitcoin Canaan cryptocurrency mining