Hut 8’s Post

In this new episode of Rootstock Fundamentals, Daniel Fogg sat down with Raul Laprida, Director of Architecture at RootstockLabs, for an in-depth exploration of proof-of-work, hashing power, merged mining, and more. You'll come away with a stronger grasp of the principles behind merged mining and how it provides security advantages over other consensus models. https://lnkd.in/dps4W6Xe

Check out HIVEDigital Technologies latest interview with Stephen Gunnion at Proactive's London studio, where Aydin Kilic, their President and CEO, talks about #HIVE recent results. 🔎 The Video Highlights: •⁠ ⁠Pioneers in Crypto Mining: #HIVE began mining Ethereum in Iceland in 2017, and later expanded to Sweden and Canada, made history by being the first cryptocurrency mining business to go public in 2021. •⁠ ⁠Strategic Evolution: Shifted GPU resources to #Bitcoin mining and then #AI computing once Ethereum moved to PoS (proof of stake), seeing notable growth in both domains. •⁠ ⁠AI Computing Success: #AI computing segment generated an annual run rate of $1 million and an IRR of nearly $10 million, indicating significant profitability. •⁠ ⁠Operational Excellence: Operating sophisticated, high-performance tier-three #data #centers and tough #crypto mining operations that are ideally positioned to take advantage of renewable energy sources. •⁠ ⁠Financial Stability: Preserving financial stability in the face of market volatility by keeping #Bitcoin operations efficient and optimizing investments, by maintaining a strong Bitcoin treasury and less debt. •⁠ ⁠Future Vision: By focusing on both #Bitcoin #mining and #AI, HIVE Digital Technologies LTD want to significantly boost their AI revenue in the next quarters and deliver value to investors. 📺 Watch the full video on: HIVE Digital Technologies LTD, CEO @AydinKilicHIVE discusses strategic growth in AI and crypto mining #Proactive #ProactiveInvestors https://lnkd.in/dS9CEQCa #HIVETechnologies #BitcoinMining #GreenEnergy #AI #Innovation #TechGrowth #Sustainability #FutureOfTech #DataCentres #HPC #greenenergy

CoinMetrics did extensive research on what kind of models of ASICs are participating in the network hashrate. These are five important conclusions that drawn from this data: ➡BITMAIN dominates the network. The models S19XP, S19JPro, S19, S17 and S9 make up 74.34% of the network. MicroBT follows with 17,98%. ➡69,15% of the network are new generation (25 – 38 J/TH) ASICs. ➡The S19JPro is the most popular miner out there with 28.74%. ➡S19XP deployments started picking fast up in 2023. ➡Even though the hashrate contribution to the network of the Antminer S9 saw a steep decline as of 2019, the S9 is still contributing to the network.        Get more insights into price developments and trends in the ASIC market by downloading the 2023 Annual Review of Digital Mining Solutions. Brought to you by Lincoin Technologies Inc.: https://lnkd.in/dD-yUNBd #bitcoinmining #bitcoinnews #bitcoin

The Next Big Thing in Gold Investment: Argo Featured in The Northern Miner Michael Petch, President of Argo, recently sat down with The Northern Miner's Western Editor Henry Lazenby to discuss the revolutionary platform that's poised to shake up the gold investment landscape. This insightful interview delves into: -How Argo empowers individuals to own physical gold securely vaulted at the Royal Canadian Mint, all from a user-friendly platform (launching soon! - pre register at https://lnkd.in/eWSJAwRN). -The benefits of democratizing gold investment, making it accessible and convenient for everyone. -Why Argo is the future of gold ownership, leveraging technology and security for a seamless experience. Watch the interview below and learn more about Argo and how you can be a part of the gold revolution. #NorthernMiner #GoldInvestment #Argo #InvestSmart #BeYourOwnBoss

🌍💡 The next #BitcoinHalving might just be a win for the planet! 🌱 Expect a 30% drop in mining power, reducing the environmental footprint. 🖥️📉 Dive into the details in our latest feature! #CryptoNews #EcoFriendlyTech https://lnkd.in/e59NPzy3

Delve into our thorough review of BlockDAG, exploring its credibility, growth potential, mining technology, and price forecasts. https://lnkd.in/dw32bZjX

Bitdeer Technologies (NASDAQ: BTDR), a leading Bitcoin mining company, has secured a strategic land deal in Ohio, bolstering its power capacity to 2.5 GW. The company has signed a 30-year lease agreement for a Bitcoin mining facility in Clarington, Ohio, gaining access to a 570 MW power facility previously used for aluminum production. 'The strategic location of the Hannibal Industrial Park, combined with its ready-to-use infrastructure, significantly expands our existing power capacity and supports our growth ambitions in Bitcoin mining and HPC and AI,' said Linghui Kong, Bitdeer's Chief Business Officer. The facility's relatively cooler climate maximizes efficiency for computing operations. Bitdeer expects the first 266 MW of power capacity to be available in Q3 2025, with the remaining capacity under review for integration into the regional transmission planning process. The site could also support broader partnerships amid soaring demand for electricity access for generative AI and machine learning applications. Bitdeer's platform is used for Bitcoin mining, high-performance computing (HPC), and AI, allowing users to process data speedily and effectively. Wall Street analysts are bullish on Bitdeer stock, citing the company's diversified business model, potential of its commercial Bitcoin mining rig division, and the recent unveiling of SEAL01, its first chip that amplifies Bitcoin mining efficiency. @monroecountyoheconomicdevelopment @taylor_stepp @cantor_fitz @rothmkm @benchmark_co @btig @hcwainwrightco #bitcoinmining #hpc #ai #blockchain #technology #ohioeconomy

We've exceeded 17 EH/s of operating hashrate as our newly acquired site in Dalton goes online. In addition, CleanSpark has exercised our option to purchase 100,000 Bitmain S21 Pros, or 23.4 EH/s of machines, from an existing agreement announced earlier this year. The purchase is an amendment and allowed us to acquire the S21 Pro model instead of the S21 while maintaining the industry low price of $16 per terahash. The improved efficiency of the S21 Pro means that we will still acquire the same number of bitcoin mining machines, but with a 17% increase in hashrate (3.4 EH/s). Under the agreement, the new S21 Pros are scheduled for delivery between June and December 2024. “...Our extraordinary scale has allowed us to make meaningful gains in our bitcoin production without having to increase the energy use of our data centers. This is good not only for CleanSpark and our shareholders, but for the entire bitcoin network. After halving, many old and inefficient machines will go offline, increasing CleanSpark’s organic market share while lowering the network’s energy consumption. We are well-suited to take advantage of the opportunities that the halving affords and look forward to continuing our unmatched growth.” -Zachary Bradford, CEO Full press release here: https://bit.ly/4cTF9Ie

ASIC mining isn't just some cool tech advancement; it's a game-changer in how we think about finance. If you're in the financial world, whether you're a solo investor or a big financial institution, you need to get this. Understanding ASIC mining is like getting an edge in this fast-paced, evolving landscape. It’s crucial. Dive in, get educated, and stay ahead. #bitcoinmining #bitcoin #innovation #techtrends #financialrevolution