PRO MINING GLOBAL

💎 Malaysian authorities destroy over 900 bitcoin mining rigs amid power theft crackdown Local police crushed the rigs with a steamroller — as shown in a video — as a warning that the authorities are continuing to crack down on electricity theft linked to bitcoin mining. The authorities destroyed $452,500 worth of mining machines, local media reported. #Mining

💎 DIY closed loop solar Bitcoin mining rig #BTC #Mining

💎 As of August 25, 2024, DCG's Foundry USA and Bitmain's Antpool have become the largest Bitcoin mining pools, accounting for 56.7% of the total bitcoin network hashrate. 🔗 The total Bitcoin network hashrate is about 651 EH/s, with Foundry accounting for 215.79 EH/s and Antpool accounting for 153.55 EH/s #BTC #Mining

📊 JPMorgan lowers bitcoin mining stock targets amid price drop and rising hashrate A JPMorgan report has reduced its price targets for bitcoin mining stocks due to declining bitcoin prices and a rising network hashrate. ➡️ However, the report noted that enhanced efficiencies at Riot Platforms’ facilities and a recent drop in Iris Energy’s stock price present potential opportunities. #JPM #RIOT #IREN #Mining

💎 Promo video from Riot Platforms, Inc. "Flying through what will be the largest Bitcoin mine on earth - Riot’s B1 facility in Corsicana, Texas"👀 #BTC #RIOT #Mining

💎 The reserves of BTC mining companies in over-the-counter (OTC) markets have increased by 70% over the past three months and reached 368,000 BTC (about $22.4 billion), which is a two-year high. 📈 Historically, an increase in this metric has been accompanied by a fall in the price of the first cryptocurrency, as it was in 2018 and 2021. #BTC #Mining

💎🇧🇹 Bhutan is mining Bitcoin with renewable hydropower and no carbon footprints! 🔥 #Mining #BTC

🔝 TOP Publicly traded Bitcoin Miners ranked by $BTC HODL #BTC #Mining

💥 The new development by D-Central Technologies expands solo-miners capabilities thanks to Bitaxe Gamma, achieving speeds of up to 1.2 TH/s at only ~15 J/TH. 💎 Powered by the single-chip BM1370 ASIC from Antminer S21 PRO, Bitaxe Gamma aims to increase the performance of individual miners, providing a more distributed, secure and sustainable blockchain ecosystem. ⚡️ Include power supply 5V/5A 💵The cost of the device is $200 USD. #BTC #Mining #

💎 Bernstein notes growing investor interest in bitcoin miners pivoting to AI and HPC ✔️ The strategy involves using mining platforms as advanced data processing centers for AI, high-performance computing (HPC), and maintaining bitcoin mining operations in the background. #BTC #Mining #AI #HPC

💎 Bitfarms Ltd. acquires Stronghold for $175 million ☄️ The mining company Bitfarms Ltd has completed negotiations to acquire Stronghold Digital Mining Inc., while rejecting an acquisition offer from Riot Platforms Inc. ✔️ The deal is valued at $125 million in share capital and about $50 million in debt. Stronghold shareholders will receive 2.52 shares of Bitfarms for each of their shares. The merger will increase Bitfarms' capacity by providing access to electricity through Stronghold, which has its own generation and connection to local networks. #Mining #BITF #SDIG

💎 Cleanspark has entered into a deal with Bitmain to acquire 26,000 next-generation mining rigs S21XP Immersion ➡️ The cost of the transaction is $167.7 million. Each rig has a nominal hashrate of 300 THs, and the total capacity of the purchased rigs is 7,800,000 THs at an average price of $21.5/TH. #CLSK #BTC #Mining

💎 Bitmain-affiliated Singapore cloud mining company BitFuFu released its Q2 2024 financial report. The report saying that the cost of mining BTC in the second quarter of 2024 was an average of $51,887 per BTC, compared with only $19,344 per BTC in the same period of 2023. The total mining power managed by BitFuFu increased by 62.5% to 24.7 EH/s. #BTC #Mining #FUFU

💎 Hash Ribbons signals the end of miner capitulation ⛏ 📈 Hash Ribbons are a popular indicator that highlights periods of stress in the mining market. It uses the 30 and 60-day moving averages of the Hash Rate and has just signaled the end of miner capitulation. This is logical given that the Hash Rate has just reached a new all-time high of 638 EH/s. Miners are beginning to use more efficient equipment, turning their machines back on and becoming less likely to sell. © CryptoQuant.com #BTC #Mining

💎 The Hashprice on monday was $42.95/PH/Day, an increase of 1.66% from $42.25/PH/Day last week. #BTC #Mining

💎 🇸🇻 El Salvador mined 474 Bitcoin worth $29 million using volcano-fueled geothermal power #BTC #Mining

💎 Singapore-based Bitdeer Technologies Group is set to expand its operations with a $150 million offering of convertible notes due in 2029. The funds will be directed towards data center expansion and the development of ASIC-based mining rigs. #BTDR #Mining

💎 Bitcoin miners may gain $13.9B yearly from shift to AI and HPC — VanEck According to VanEck, an investment company, Bitcoin miners could increase their annual revenue by $13.9 billion by 2027 if they allocate 20% of their energy to the needs of artificial intelligence and high-performance computing sectors. This will be possible because AI companies have a high demand for energy that miners can provide. Some companies, such as Core Scientific and Hive Digital Technologies, have already begun to actively use their capacities for HPC (high-performance computing). #AI #Mining

💎 Core Scientific, Inc., a well-known provider of infrastructure for Bitcoin mining, has announced its intention to issue convertible senior bonds in the amount of $350 million. ✅ The issuance is expected to be closed in September 2029, and the funds raised will primarily be used to pay off debt and other corporate needs. #CORZ #Mining

💎 Public miners raised $2.2B as cash flow crunch intensifies post-halving A total of nine out of 13 US-listed Bitcoin mining companies raised capital through stock offers in the second quarter of 2024. #Mining