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Bitcoin News

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  • Bitcoin News

    Bitmain joins hands with Kazakhstan mining farm Enegix to host rigs

    Chinese cryptocurrency mining rig maker Bitmain has partnered with Enegix, which runs one of the biggest crypto mining data centers in Kazakhstan, to host its Antminer machines in the Central Asian nation. Fast facts Bitmain said in a statement on Friday that it had joined hands with Enegix, a data center operator in Kazakhstan, to […]

    Timmy Shen

  • Bitcoin News

    BIT Mining to exit lottery business for crypto mining expansion

    BIT Mining — a New York Stock Exchange-listed company that only months ago became a big investor in Chinese cryptocurrency mining — has decided to exit its Chinese lottery-related business and focus more on mining outside the country. Fast facts BIT Mining, formerly known as 500.com, has operated online sports lottery services, but announced on […]

    Timmy Shen

  • Bitcoin News

    U.S. crypto miner Core Scientific to list via SPAC merger

    U.S. cryptocurrency miner Core Scientific Holding is set to list on the Nasdaq exchange through a merger with a special-purpose acquisitions company, boosting the value of the combined business to around US$4.3 billion. Fast facts Core Scientific, one of the biggest crypto mining companies in the U.S., announced yesterday that it had entered into merger […]

    Timmy Shen

  • Bitcoin News

    Tesla ‘most likely’ will accept Bitcoin again, once environmental targets are met, says Musk

    Tesla CEO Elon Musk said while Bitcoin mining is steadily becoming more environmentally friendly through the use of renewable energy, he is not yet sure that it’s enough for Tesla to resume accepting the cryptocurrency as payment for purchases. Fast facts Speaking at the virtual Bitcoin event “The ₿ Word” with fellow panelists Twitter CEO […]

    Lachlan Keller

  • Bitcoin News

    Bitcoin sees outflows amid inflows for Ethereum, Cardano, XRP in crypto market ‘summer doldrums’

    The cryptocurrency market remains quiet, with net inflows of just US$2.9 million last week, according to digital asset investment firm CoinShares’ weekly digital asset fund flows report. Fast facts “The summer doldrums are here, but in line with seasonal expectations,” wrote James Butterfill, a CoinShares’ investment strategist. Bitcoin investment products saw net outflows of US$10.4 […]

    Michelle Lim