Hive Digital converted some of its capacity to AI after the Ethereum Merger, and now it is upgrading its Bitcoin mining capacity.
Mining news
The Bitcoin stacking firm has bought Bitcoin 42 times at a dollar cost average of $39,292, according to Bitcoin Treasuries data.
United States lawmakers believe Building energy infrastructure for Bitcoin mining, AI, and high-performance computing is a major priority.
Hut 8 could see its hash rate rise from 5.6 exahashes per second to 24 EH/s by Q2 2025 should it also execute a 15 EH/s purchase option with Bitmain.
Both firms partly attributed the rise in Bitcoin production to increasing their respective energized hash rates in October.
Europe’s largest telecommunications provider plans to mine Bitcoin using surplus energy from renewable sources, which would otherwise remain unused.
Researchers argue that “not all Bitcoin mining is equal” across countries, suggesting that bans in certain nations may cause more harm than good on a global scale.
Russia’s crypto mining laws have filled the “regulatory vacuum,” but there is still a lot of legal uncertainty about many aspects of regulation.
CleanSpark CEO Zach Bradford said it was a strategic move for the firm to increase its mining capacity in Tennessee.
The Bitcoin data center firm is deploying an additional 10,000 miners to Stronghold’s Scrubgrass site.