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Foundry mined over a third of all Bitcoin blocks in the past week
[ad_1] What is CryptoSlate Alpha? CryptoSlate Alpha requires a one-time purchase of our membership NFT using SOL, the native token of Solana. Connecting your Solana wallet is required to complete the purchase. Learn more › […]
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DCG launches Fortitude Mining to diversify beyond Bitcoin amid industry challenges
[ad_1] Digital Currency Group (DCG) has announced the launch of Fortitude Mining, a new subsidiary focused on diversifying exposure to high-growth crypto assets and Proof-of-Work ecosystems beyond Bitcoin (BTC). DCG CEO Barry Silbert revealed the […]
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Grayscale launches Bitcoin miners ETF on NYSE
[ad_1] Grayscale has introduced a new crypto-related investment product focused on the Bitcoin mining sector, according to a Jan. 30 statement shared with CryptoSlate. The new product is called the Grayscale Bitcoin Miners ETF and is […]
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Tether CTO clarifies rumors around photo of a container with the ‘Tether Energy’ logo
[ad_1] Paolo Ardoino, the CTO of Tether, posted a picture of large industrial containers sporting the logo of Tether Energy on Aug. 24. The photo sparked a flurry of rumors and speculations which Ardoino addressed […]
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Historic Bitcoin mining revenue fails to offset Canaan Q2 financial loss
[ad_1] Bitcoin (BTC) miner Canaan‘s second-quarter financial report showed that the firm operated at a loss during the reporting period despite its increasing mining revenue and computing power. Per the unaudited financial report, the miner […]
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Riot Platforms power strategy reaps $31.7M in Texas energy credits
[ad_1] Continuing its strategic shift aimed at mitigating losses, Riot Platforms, a prominent Bitcoin miner, continues to capitalize on Texas’s energy credits system, earning a substantial $31.7 million in August alone. According to a report […]
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Cambridge Bitcoin Energy Consumption Index lowers estimate by 14%, revises methodology
[ad_1] The Cambridge Bitcoin Electricity Consumption Index (CBECI), which tracks global Bitcoin energy consumption, has undergone its first major update since 2019, influenced by evidence pointing to frequent overestimating Bitcoin’s electricity usage. A new report […]