U.S. blockchain and AI infrastructure provider Core Scientific has expanded its fleet of state-of-the-art crypto miners to over 77,000.
Miners are “scrambling” for any available machines as manufacturers stay sold out.
Riot reported a current mining capacity of 556 petahash per second.
This marks the second 10,000+ machine order from Marathon since August.
The publicly traded bitcoin miner aims to quadruple its current hashrate by mid-2021.
The Nasdaq-listed mining manufacturer dropped 2% in Q3.
A new twist in the power struggle at Bitmain: Co-founder Jihan Wu has regained the legal representative status of the bitcoin mining giant.
A court in China has denied an appeal by bitcoin mining giant Bitmain seeking $30 million in damages from the three co-founders of mining pool rival Poolin.
Affected mining centers in the area may see a notable increase in electricity costs.
The $23 million purchase will see Marathon's bitcoin mining capacity increase drastically, turning it into one of the largest miners in North America.
The escalating internal power struggle at Bitmain is starting to have a more serious impact on its business and customers.
The publicly traded firm has bought hundreds of rigs from mining hardware rivals MicroBT and Bitmain.
Matrixport has set up its own derivatives exchange and now wants to take on Deribit, the market leader for crypto options.
The ongoing battle between the two co-founders at Bitmain has essentially hard forked the production at the world’s largest bitcoin miner manufacturer.
The offer seems an apparent effort to bring about negotiations that could end the divisions that have been tearing the company apart.