While crypto market prices are down, bitcoin mining operations are expanding at a rapid pace during the market downturn.
The newly merged operation plans to apply for a public listing and the business combination is expected to settle by the end of the year. The Texas-based Rhodium utilizes “proprietary tech to self-mine bitcoin,” according to the firm’s website.Following a number of announcements during the last three months, Cleanspark, Inc. revealed on Tuesday that the company’s mining operations have surpassed 4 exahash per second .
“Bitcoin mining, when done with an eye toward low-carbon energy sources, can hasten the decarbonization of our economy,” Bradford. “No other industry can do this like Bitcoin. In addition to being a technology that we believe will revolutionize our monetary system, Bitcoin is also a technology capable of revolutionizing our energy systems, making them more resilient, abundant, and clean.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Network's Mining Difficulty Drops for the First Time in 2 Months – Mining Bitcoin NewsThe change on Tuesday, September 13, means it’s currently 2.14% easier to find a bitcoin block reward after the difficulty decreased.
Read more »
Research Finds Bitcoin Mining Equates to 0.10% of Global Greenhouse Gas Emissions – Mining Bitcoin NewsCCAF’s bitcoin mining study claims that the Bitcoin network produces 48.35 million tons of carbon dioxide per annum.
Read more »
Russia Said to Allow Crypto Mining in Regions With Hydroelectric and Nuclear Power – Mining Bitcoin NewsCryptocurrency mining should be allowed in areas with excess energy, according to Russian officials preparing to legalize it.
Read more »
Bitcoin Mining Difficulty Sees First Decrease in 2 MonthsThe fall comes amid a drop in Bitcoin price which has hampered the profitability of the mining process.
Read more »
Bitcoin mining difficulty falls 2.14% after four consecutive increasesBitcoin mining difficulty fell by 2.14%. The network's hash rate went down by about 2.04%.
Read more »