CleanSpark’s Post

Alliance Resource Partners (ARLP), a NASDAQ-listed coal miner, recently revealed that it has been mining Bitcoin using excess power at its facilities. This innovative approach to monetizing excess energy not only highlights the potential for crypto mining to become more sustainable but also demonstrates how traditional mining companies can embrace new opportunities in the digital age. Someone should make an #ESRI map of all the locations of excess power generation at mines that could be applied to mining bitcoin... 🔗Read more: https://lnkd.in/gWykREVA What are your thoughts on this unique marriage of traditional and digital industries? Let's discuss in the comments! #CryptoMining #Bitcoin #Innovation #TraditionalIndustries #Adaptation #BusinessTransformation #mining #GIS #Coal

Vertical integration is a key metric to take into account when investing into Bitcoin Mining companies' stocks, such as many others. 👀 Marathon's transaction represents the company's first fully owned sites and marks the Company’s official transition from an asset-light organization to one that manages a diversified and resilient portfolio of Bitcoin mining operations. 👉 Following this, 55% of Marathon Digital Holdings (NASDAQ: MARA)'s Bitcoin mining portfolio will be hosted by third parties, compared to 97% as of now. Have you ever been interested in getting exposure to this industry?

Cipher Mining released its March 2024 production report this afternoon. We delivered another solid month of production and continued growing our Bitcoin inventory, which now stands at ~1,741 BTC. Our ops teams also made significant progress in the 30 MW expansions at our Bear and Chief data centers, which we plan to bring online this quarter, and on the early work at our new Black Pearl data center. For more details, please see the release: https://bit.ly/3J03wWX $CIFR #BTC #bitcoin #bitcoinmining

The #Bitcoin network's hashrate increased by 104% in 2023.🚀 This is the largest yearly growth in hashrate since 2019.⛏️ Why did this happen? - Bull market mining investment finally getting online - Increased use of public equity financing by miners this cycle - Hashprice bull run from TX fees increasing mining profitability, sidelined miners plugging in as a result Despite the highly anticipated S21s and M60s hitting the market in 2024, I doubt we will see a similar % growth in hashrate. Here's why: 1️⃣ ASIC commoditization The marginal increase in energy efficiency of new-generation ASICs decreases with each new model. 2️⃣ Hashrate “Stock-to-Flow” As the existing stock of hashrate grows, new hashrate getting plugged in has a diminishing impact on the total network hashrate in % terms. 3️⃣ Mining Infrastructure Scarcity The primary bottleneck of #Bitcoin mining is physical infrastructure and energy sources. As such, mid-generation machines will likely get unplugged to make room for the new-generation ones. Resulting in a marginal increase in hashrate rather than a cumulative sum.

2023 was a big year for #Bitcoin mining, marked with growth and challenges! Compass Mining's Anthony Power published his 2023 review of the Bitcoin mining industry which includes many highlights, including the industry's largest-ever M&A transaction between Hut 8 and US Bitcoin Corp, now boasting nearly 1 GW of energy capacity. Some miners saw massive growth in hashrate in 2023 including Marathon Digital Holdings (NASDAQ: MARA), Iris Energy, and CleanSpark. Sustainable miners Bitdeer Group, Bit Digital | NASDAQ: BTBT, and TeraWulf also achieved triple-digit growth in their respective hashrates, echoing the continued unmatched security of the Bitcoin network. Read the full report here 👉 https://lnkd.in/gedKXSdg In Cointelegraph by Gareth Jenkinson 👉 https://lnkd.in/dy22DAZp #BitcoinMining #renewableenergy #BTC #ESG #sustainability #digitalasset #crypto #BitcoinETF #ETF #SBC

Toronto-listed #bitcoin miner Bitfarms (TSX-V:BITF) has seen an impressive surge in #mining output in recent months, but even more aggressive growth is earmarked for the year ahead. In December 2023 alone, #Bitfarms (TSX-V:BITF) earned 446 Bitcoin BTC, a 13.8% increase from the previous month, culminating in a total of 4,928 BTC for the year. On average, 14.4 BTC were earned daily, equating to approximately $612,000 per day, based on the BTC price of $42,500 on December 31, 2023. Bitfarms’ hashrate saw a substantial year-over-year increase of 44%, reaching 6.5 exahashes per second (EH/s) at the end of December. The company also expanded its total contracted capacity to 593 megawatts, demonstrating its commitment to growth and efficiency. In terms of mining efficiency, there was an 8% increase to 71.7 BTC per average EH/s from 66.4 in November 2023. More at #Proactive #ProactiveInvestors http://ow.ly/GBrf1057An4 #TSXV #BITF

🚀 Hut 8 announces the construction of a 215 MW mining farm in the USA! Hut 8 is building a new mining complex in Texas with a capacity of 215 MW, strengthening its position and increasing the efficiency of Bitcoin mining. 🌐 It is expected that the power of the new facility will reach 215 MW, allowing for the accommodation of approximately 66,000 miners. 📈 The two main goals are to reach an agreement with Celsius creditors and enhance mining efficiency. 🔄 Hut 8 President, Asher Genut, emphasized that the company plans to significantly increase its capacity, and after the completion of construction, Hut 8's total capacity will exceed 895 MW. 💼 In June, the company secured a $50 million loan from Coinbase. In the fall of 2023, Hut 8 mined 111 BTC, increasing its reserves to 9,366 BTC. Bitcoin mining difficulty in December reached 67.31 T, marking the first decline since mid-September 2023. #Hut8 #mining #bitcoin #Texas

Bitcoin mining: month-on-month profitability declines in July, according to Jefferies - Crypto - https://lnkd.in/dmSsxhKu According to a recent report by the American bank, Jefferies Group LLC, Bitcoin Mining marginally reduced its profitability in July compared to June. This happened in a context where the price of BTC lost 6% and the computing power of the network

Cipher Mining released its January 2024 production report this afternoon. We curtailed some for the cold weather in Texas, but still mined 371 bitcoin. Our bitcoin inventory has grown to 1,132 bitcoin. We also received the first shipment of our Bitmain S21 mining rigs, and our tireless Ops team is working hard to get these new, efficient rigs hashing right away! For more details, please see the release: https://bit.ly/48Wd2WJ $CIFR #btc #bitcoin #bitcoinmining

Bitcoin mining: month-on-month profitability declines in July, according to Jefferies - Crypto - https://lnkd.in/d-QKiYXb According to a recent report by the American bank, Jefferies Group LLC, Bitcoin Mining marginally reduced its profitability in July compared to June. This happened in a context where the price of BTC lost 6% and the computing power of the network