Two large bitcoin miners are growing beyond Quebec because of restrictions on the use of power to run their operations.
Luna Squares’ site will be used for third-party hosting and Mawson’s proprietary bitcoin mining operations.
CEO Dave Perrill says it could take until Q3 2022 for mining capacity to recover from China's recent crackdown.
Hive predicts the purchase will generate an additional $80,000 in daily income.
Plus: China’s Bitcoin crackdown, and why bitcoin isn’t a “boomer coin.”
Crypto mining is a small yet easy target for China’s efforts to realize carbon neutrality.
The miners reportedly used the electricity of the local power provider.
The number of listings on China's most prominent marketplace apps has increased in the last month and a half.
Mining economics have improved significantly, according to one analyst.
China’s announcement preceded choppy price moves around $34,000, which left traders with little sense of direction.
Argo also said it mined 167 bitcoin in June, compared with 166 in May.
The publicly traded mining company generated 654.3 bitcoins in Q2, more than triple its Q1 haul.
Miners who remain operational are likely to become even more profitable over the coming weeks.
Two-thirds of the electricity at the site is sourced from zero-carbon sources such as nuclear power.
Miners outside of China are getting a financial boost from their competition’s forced exile. Will the trend continue?