Pennsylvania-based Bitcoin mining firm Stronghold Digital Mining has filed for a $100 million initial public offering (IPO) with the United States Securities and Exchange Commission (SEC).Read more
Tesla CEO Elon Musk has revealed for the first time that his firm SpaceX owns Bitcoin (BTC).
The company is yet to officially announce how much Bitcoin it has purchased, however Musk’s other company Tesla purchased $1.
Energy from a historically-preserved hydroelectric power plant in Mechanicville, New York, will now be used to power Bitcoin.
However, because the power plant retains most of its 19th century machinery, it’s not capable of producing too much electricity.
New York locals are accusing Greenidge Generation’s gas-fired Bitcoin mining plant of heating Seneca Lake in upstate New York.
On a daily basis, the Greenidge plant is permitted to withdraw 139 million gallons of water from the lake and discharge 134 million gallons of water.
The global Bitcoin mining sector has reached a 56% sustainable power mix in Q2, according to estimates from a Bitcoin Mining Council (BMC) report.Read more
Edward Evenson, head of business development at Slush Pool owner Braiins, reports that a large number of Chinese BTC mining machines equivalent to Quebec’s entire output are currently en route to North America and Europe.Read more