Report: Core Scientific Posted $179 Million in Revenue During the First Quarter of 2024

Report: Core Scientific Posted $179 Million in Revenue During the First Quarter of 2024

Core Scientific’s Revenue Report Leading Bitcoin mining company Core Scientific announced on Tuesday that its total revenue for the first quarter of this year hit $179 million. By

Bitcoin Rollups Could Improve Transaction Speeds 10X, Developers Claim

Bitcoin Rollups Could Improve Transaction Speeds 10X, Developers Claim

On Monday, a team of Web3 developers released a detailed plan titled BitSnark and Grail to enable the launch of rollups on Bitcoin. Rollups have been used on

Paraguayan Lawmakers Propose Crypto Mining Ban Over Power Problems

Paraguayan Lawmakers Propose Crypto Mining Ban Over Power Problems

The rising temperatures in Paraguay have led to air conditioners running at full throttle. This scenario has endangered the country’s power grid as demand for electricity continues to

Marathon Strikes Deal With Applied Digital to Acquire 200MW Bitcoin Mining Facility for $87 Million

Marathon Strikes Deal With Applied Digital to Acquire 200MW Bitcoin Mining Facility for $87 Million

Marathon’s Latest Purchase Crypto mining company Marathon announced on Monday that it had struck a deal with Applied Digital to buy a 200-megawatt Texas-based Bitcoin mining facility for

Who is a Blockchain Validator? – All You Need to Know

Who is a Blockchain Validator? – All You Need to Know

Validators are important parties in any blockchain network. They verify and add transactions to proof-of-authority and proof-of-stake blockchains. Validators usually check whether the impending transactions follow the rules

Best Graphics Cards for Mining Cryptocurrencies Profitably in 2024

Best Graphics Cards for Mining Cryptocurrencies Profitably in 2024

Is mining cryptocurrencies worth it in 2024? Many continue to ask themselves this question as crypto mining costs increase daily. There are several Graphics Processing Units, famously known

Report: Riot Platforms Bitcoin Output Increased by 19.5% in 2023

Report: Riot Platforms Bitcoin Output Increased by 19.5% in 2023

Riot Platforms’ Latest Report In a report released on February 23rd, Bitcoin mining company Riot Platforms said its BTC output rose by 19.% in 2023 after mining 6,631

Brokerage Firm Bernstein Reveals Two Must-Buy Mining Stocks Ahead of Bitcoin Halving

Brokerage Firm Bernstein Reveals Two Must-Buy Mining Stocks Ahead of Bitcoin Halving

Bernstein Recommends Two Mining Stocks Bernstein, a popular brokerage firm, has advised investors to purchase Bitcoin mining stocks in order to gain exposure to BTC indirectly ahead of

CleanSpark Acquires Three Bitcoin Mining Facilities for $19.5M as Bitcoin Halving Nears

CleanSpark Acquires Three Bitcoin Mining Facilities for $19.5M as Bitcoin Halving Nears

CleanSpark’s Latest Acquisitions Popular Bitcoin mining company CleanSpark, which trades on Nasdaq under the CLSK ticker, has announced that it entered agreements last week to acquire three Mississippi-based

What is Proof of Stake, and How Does it Differ From Proof of Work?

What is Proof of Stake, and How Does it Differ From Proof of Work?

Mining cryptocurrencies like Bitcoin, Litecoin, and Dogecoin requires intensive energy use. This is because they employ a consensus mechanism known as proof of work (PoW). But crypto mining