#bitcoin mining
55 articles found
Latest
Iran tightens crypto mining controls as energy grid faces strain
-tF0AX0qC.png "Iran tightens crypto mining controls as energy grid faces strain")
Iranian authorities have intensified a nationwide crackdown on unlicensed crypto mining, citing daily power losses of roughly 1.4–2.0 gigawatts and reporting large-scale seizures of illicit rigs that officials say are straining the grid. 
Bitcoin mining remains highly lucrative, with profitability on the rise, as noted in JPMorgan’s latest report. The network’s hash rate, an indicator of overall computational power for BTC mining, has grown by 5% since November 2024, pointing to increasing interest and competition in the sector. 
TeraWulf, a mining company, is set to launch a new Bitcoin mining facility named WULF Den by the end of September 2024. This facility will be equipped with a liquid cooling system and will deliver a minimum of 2 MW of power, substantially increasing the company's total output. 
USA speeds up grid access for AI centres and Bitcoin mining
The U.S. Department of Energy (DOE) has sent a letter to the Federal Energy Regulatory Commission (FERC) proposing the development of rules for connecting large electricity users to interstate transmission lines. The focus is on loads above 20 MW, primarily AI data centres and crypto‑mining sites. -2c9nISjw.png "Mining companies surge as BTC strats diversify into AI computing")
Bitcoin mining company MARA Holdings is urging U.S. policymakers to take bold steps to secure the nation’s dominance in cryptocurrency mining. The company has outlined a comprehensive government strategy for blockchain and cryptocurrency technology to achieve this goal. 
Japanese company Agile Energy X started using surplus renewable energy for Bitcoin mining. According to company president Kenji Tateiwa, this initiative will help balance supply and demand in the energy grid while boosting the popularity of green energy sources. 
