BTC mining stocks double in a month as production ramps

Crypto mining companies have seen their stock prices increase as much as 120% over the last month, amid rebounding crypto asset prices, higher mining profitability, and sharp increases in BTC production. Crypto mining companies Marathon Digital Holdings (124.12%), Core Scientific (110.39%), Hut 8 (98.95%), and Riot Blockchain (96.69%) have seen their stock prices rocketing upwards over the last 30-days, according to data from Yahoo Finance — significantly outperforming Bitcoin (BTC) (18.0%) and Ether (ETH) (67.8%) asset prices. In a Q2 results filing on Aug. 11, Core Scientific reported a staggering…

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Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts

Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid. In a Friday announcement, Core Scientific said its month-over-month Bitcoin production had increased from 1,106 in June to 1,221 in July — roughly 10.4%. The firm reported curtailing operations “due to extreme temperatures at multiple data centers,” but also increased the number of its self-mining servers and hashrate by 6%, to 109,000 and 10.9 exahashes per second (EH/s), respectively. JULY 2022…

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Marathon Q2 Bitcoin production down 44% as fleet remains crippled

Bitcoin (BTC) mining company Marathon Digital Holdings experienced a steep 43.8% decline in Bitcoin production over the second quarter of 2022, with June registering as the company’s least productive month in over a year following the fall of its Montana facility.  In its latest mining operation update released on July 7, Marathon reported that it produced 707.1 Bitcoin in Q2 2022, down 43.8% from 1258.6 Bitcoin mined in Q1 2022.  Marathon’s Bitcoin productivity has been on the decline through Q2 2022. The company’s Bitcoin production took a particular hit in…

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Japanese film studio announces the production of a series based on crypto

Noma, a Japanese film studio, has announced that it is producing three feature films that are based on the world of cryptocurrencies. The first film, titled The Rhetoric Star, is already in production and will be released in 2024.  In an announcement sent to Cointelegraph on Tuesday, Taichi Ito, the founder of Noma and a producer of the series, said that the trilogy aims to impart knowledge about the crypto industry through creative storytelling. Additionally, Ito proudly shared that their team is working with Bitcoin (BTC) experts and the award-winning…

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Blockchain technology to power De Beers’ diamond production

Global diamond mining firm De Beers has launched a proprietary blockchain-powered platform to manage its diamond production and distribution. The firm has long been at work on a blockchain system to trace, record and manage its diamond mining, production and distribution across the globe. The Tracr platform was first piloted and tested back in 2018, and the company has finally released the platform at scale to serve the wider diamond mining industry. De Beers has already incorporated the system into its global operations and estimates that 25 percent of its…

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Bitcoin mining network accounts for 0.08% of world’s CO2 production

In a new report published by CoinShares on Monday, the firm estimated that the Bitcoin (BTC) mining network emitted 42 megatons, or Mt, (1Mt = 1 million tons) of carbon dioxide, or CO2, in 2021. In context, the number amounts to less than 0.08% of the world’s total emissions of 49,360 Mts of CO2 in the same year. CoinShares came to such figures using a variety of estimates regarding the efficiency of the Bitcoin network, its energy use, hardware, etc., on a global scale. As a result, it may not…

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Cryptocurrency’s latest use case: Music production?

A recent collaboration between two prominent social influencers has resulted in a device that creates sounds (or music) based on cryptocurrency’s infamous price volatility. In what has been termed as the collaboration of the century, Estefannie and LOOK MUM NO COMPUTER (Sam Battle) joined hands to bring a “cryptocurrency-measuring musical machine to life.”  As a musician, Sam intended to generate sounds against voltage fluctuations that were derived from the price fluctuations in the crypto market. On the flipside, Estefannie programmed a Raspberry Pi device to read the voltage fluctuations for…

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Green BTC miner Bitfarms’ production up 50% after China ban, as Compass goes nuclear

Publicly traded North American Bitcoin mining company, Bitfarms, has doubled its productivity this year amid the Chinese crackdown and resultant miner migration. The Canadian hydroelectricity mining outfit claims to be currently powering an estimated 1.5% of the entire Bitcoin network with more than 99% renewable green energy. In a July 14 production update, the firm revealed that it had mined 1,357 BTC in the first six months of 2021, adding that this was the largest number of BTC mined in North America as reported by publicly-traded miners. It has projected…

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Licensed Iranian crypto miners ordered to halt production ‘altogether’

Eshaq Jahangiri, the first vice president of Iran under Hassan Rouhani, has called on all legally operating crypto miners in the country to stop producing coins. According to a Wednesday report from the Tasnim News Agency, Jahangiri said at a meeting with officials of the Ministry of Energy that the electricity restrictions for Iranians were likely to continue until early August, purportedly in line Rouhani’s previously announced prohibition on crypto mining. The president said in May that crypto mining would be banned in the country until September in an attempt…

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HK production company plans to launch crypto-themed drama series on NFTs

A production and investment firm is launching a drama series on nonfungible tokens featuring a competition between Hong Kongers and Americans to create a digital currency. In a Sunday report from entertainment publication Variety, the AMM Global production company will be creating a 12-episode series called Crypto Keepers to premiere sometime next year. The drama, which will reportedly be released using nonfungible tokens, or NFTs, will feature major figures in the crypto space as well fictional plots surrounding the personal and professional lives of people involved in creating “the next…

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