#mining

According to financial services firm Cantor Fitzgerald, the forthcoming Bitcoin halving could render at least eleven prominent mining corporations, including names like Marathon Digital and Riot Platforms, unprofitable under the current BTC prices. The most severe impacts are anticipated for Argo Blockchain and Hut 8.

CleanSpark, a U.S.-based mining enterprise, is gearing up to launch its own trading desk in 2024. CEO Zachary Bradford sees this initiative as a strategic move to optimize profits, surpassing what third-party platforms offer.

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%.

As reported earlier, mining pool ANTPOOL received an inadvertently overcharged transaction fee of 83 BTC, with the remaining funds (55 BTC) seized by the fraudster.

The company has commenced mining powered by methane gas harvested from a landfill. This off-grid pilot project, with a capacity of 280 kW, is currently operational in Utah.

Cryptocurrencies, primarily due to their mining processes, are projected to boost their energy consumption by at least 40% within the next two years. Concurrently, the energy expenditure for AI apps is set to increase tenfold. These findings come from the International Energy Agency's recent report.

JCapital Research analysts have issued a warning about the potential for a significant drop in Hut 8 Mining Corp (HUT) shares, citing possible involvement in fraudulent schemes like Pump & Dump. This alert is primarily based on the company's recent acquisition of US Bitcoin (USBTC) and the ensuing merger.

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.

Canadian mining firm Hut 8 reported that it hasn't sold any of the 111 BTC it minted in September 2023, despite a decline in the previous year's revenues.