#bitcoin mining

Faced with mounting competition in Bitcoin mining, Michael Novogratz’s Galaxy Digital is redirecting its focus. The company is now eyeing alternatives that could promise higher revenue streams.

Bitcoin’s mining difficulty increased by 3.9%, reaching a new all-time high. According to Mempool data, the seven-day moving average of the network hashrate also reached a record level.

Japanese company Agile Energy X started using surplus renewable energy for Bitcoin mining. According to company president Kenji Tateiwa, this initiative will help balance supply and demand in the energy grid while boosting the popularity of green energy sources.

Bernstein analysts report a growing investor interest in Bitcoin mining companies that are shifting their focus to the artificial intelligence (AI) and high-performance computing (HPC) sectors.

In Indonesia, miners were found illicitly connecting their Bitcoin mining rigs directly to the power grid poles, effectively stealing electricity. Law enforcement revealed this information after conducting multiple raids across various sites.

Marathon Digital (MARA), a leading public Bitcoin mining company, has finalized a deal to acquire two mining facilities with a combined capacity of 390 megawatts for $179 million from Generate Capital's subsidiaries. This acquisition is set to boost MARA's self-operated production capacity from a mere 3% to a substantial 45%.

German telecommunications company Deutsche Telekom is testing Bitcoin mining infrastructure using surplus energy.

Michael Saylor, the CEO of MicroStrategy, made a bold prediction about the future of Bitcoin mining.

TeraWulf, a mining company, is set to launch a new Bitcoin mining facility named WULF Den by the end of September 2024. This facility will be equipped with a liquid cooling system and will deliver a minimum of 2 MW of power, substantially increasing the company's total output.

F2Pool, a prominent Asian Bitcoin mining pool, appears to be enforcing U.S. sanctions by selectively filtering transactions from wallets identified on the OFAC blacklist.