Bitfury current holds 37.2 million shares of Hut 8.
The crypto mining firm’s 42-megawatt data center near Mo i Rana is reportedly already powered by 100% renewable energy.
Ukraine’s Ministry for Digital Transformation will be tracking illicit crypto transactions with a crypto analytics startup backed by Bitfury.
Russia’s blockchain vote was the largest DLT-powered experiment in the country, but whether it went well or not is another matter.
Russia’s blockchain vote experiences yet another hiccup, as e-constituents’ personal data is reportedly exposed.
The Bitfury-powered blockchain for the Russian constitutional amendments was reportedly attacked over the weekend.
Bitfury is planning to launch a Bitcoin mining fund in Japan following a rollout of the offering in North America last month.
Around 18 days ago, the Bitcoin protocol experienced it’s third block reward halving and the network saw a 33% hashrate loss. Since then, however, bitcoin miners have increased in both number and hashpower, as the network has seen a 15-20 exahash per second (EH/s) increase. Moreover, on May 22, there were 17 mining pools hashing […]
The post Bitcoin Hashrate Bounces Back- 2x the Mining Pools, Farm Diversification, 100 Exahash appeared first on Bitcoin News.
Bitfury is opening the company up to institutional investment, which it says will help family offices and others to diversify their holdings with Bitcoin mining.
On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116 BTC, down 54% from the 2,405 […]
The post Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility appeared first on Bitcoin News.