Global Crypto Mining News in December
Colin Wu . 2024-01-02 . Mining

Australia-headquartered Iris Energy has bought another 1.3 EH/s of Bitmain’s Antminer T21 model. The bitcoin mining company said the preorder has a similar term to the previous purchase of 1.4 EH/s in October, wherein 20% of the $18.6 million contract is financed by the manufacturer and won’t be due until a year after shipment.

Read more


Bitmain-affiliated Antpool has overtaken Foundry USA as the largest bitcoin mining pool in terms of monthly blocks mined for the first time since January 2022. Antpool mined 1,219 blocks in November, slightly surpassing Foundry USA’s 1,216 blocks mined and reaping total rewards of 8,672 BTC for its miner clients.

Read more


Bitfarms announced that in November 2023 they mined 392 BTC and sold 350, generating a total revenue of $12.8 million USD. The hashrate for that month increased by 2% to 6.4 EH/s, and it is expected to rise by 88% to 12 EH/s in the first half of 2024. They also finalized a contract to increase the capacity of their Paraguay Paso Pe farm from 50 MW to 70 MW. Additionally, they will be deploying 35,888 Bitmain T21 miners in Quebec.

Read more


CleanSpark announced that in November, they mined a total of 666 BTC and sold 402, resulting in a total revenue of $14.7 million USD. As of 2023 year-to-date, they have mined 6,671 BTC and held 2,575 BTC as of November 30th. Their current hashrate is 10.08 EH/s.

Read more


A former couple in Roseau, Minnesota has been accused in a civil lawsuit of stealing electricity to power at least 26 bitcoin ASIC miners since 2022. Jaenicke runs a YouTube channel called “Denegerate Passive Income” where he shares his trades in real estate, crypto mining and DeFi. North Star is demanding damage compensation of at least $50,000 and the disgorgement of all the profits the defendant obtained through the alleged electricity theft.

Read more


Riot places order for 18 EH/s of latest generation MicroBT Bitcoin miners, primarily consisting of the leading-edge M66S model, for $290.5 million. Riot secures purchase options for up to an additional 75 EH/s with a fixed price ceiling. Additional purchase options provide Riot with a path to achieve over 100 EH/s in self-mining capacity. The new order will primarily consist of MicroBT’s recently announced M66S, showcasing an efficiency rating of 18.5 J/TH. Riot and MicroBT have also updated the Agreement to provide Riot with options to purchase up to a total of 265,000 additional miners from MicroBT, on the same terms as the new order.

Read more


Decentralized storage platform Cumulus Encrypted Storage System (CESS) raised approximately $8 million from more than 13 venture capital firms. HTX Ventures, Infinity Ventures Crypto, DWF Labs, Mentha Partners, Vespertine Capital, Web3 Foundation, Singchain Investment, 7 O’Clock Capital, SolrDAO, FishDAO, OneBlock+, Winkrypto and Polkadot Ecology Research Institute participated in the raise. The funds will be used to “drive technological advancements, expand global operations, and strengthen CESS’s position in the decentralized infrastructure sector.

Read more


Bitcoin miner Core Scientific announced its latest bankruptcy plan before the court. If approved by the court, the third version of the plan will take effect on January 5, 2024. Common stockholders and holders of both convertible notes will be compensated separately, with common stockholders receiving new shares at a 25:1 exchange ratio. Holders of notes due in April will receive $1.628 for every $1 of face value, and holders of notes due in August will receive $1.201 for every $1 of face value, with the funds to be released on January 3, 2024. If an agreement is reached with major shareholders, Core Scientific will emerge from bankruptcy with $709 million in net debt and an equity value of $791 million on January 5, 2024, with only $46 million in debt due by 2025. Shareholders can vote on the plan until Dec. 13, with a decision from the Bankruptcy Court for the Southern District of Texas scheduled for Dec. 22.

Read more


Crypto mining company Phoenix Group completed a $371 million IPO on the Abu Dhabi Securities Exchange (ADX), which rose 50% on the day and was oversubscribed 33 times. The offering is the first crypto-related listing in the Middle East, with International Holding Co., Abu Dhabi’s largest conglomerate controlled by prominent members of the emirate’s royal family, buying a 10% stake in Phoenix in early October.

Read more


Marathon produced 1,187 BTC in November. As of November 30, the Company holds a total of 14,025 unrestricted BTC. Marathon opted to sell 700 BTC or 59% of monthly production to cover operating expenses. Outside of the US, Marathon has set up a mining power of 2.5 EH / s in Abu Dhabi. Marathon‘s new joint venture in Paraguay also started up in November with 1,170 miners energized representing 0.2 EH/s.

Read more


DMG Blockchain Solutions, a bitcoin miner and cryptocurrency technology company, has purchased 4,550 T21 Antminers from Bitmain. The firm detailed that the miners cost $12.1 million. DMG is expecting the units to arrive sometime in March 2024.

Read more


In conjunction with its successful listing on the Abu Dhabi Securities Exchange (ADX), Phoenix Group PLC, announces a groundbreaking contract with Whatsminer. The agreement entails an immediate delivery of mining equipment valued at $136 million, with an additional option worth $246 million.

Read more


Bitdeer announced its unaudited mining and operations updates for November 2023. Bitdeer mined 403 Bitcoins in total in November, representing a year-over-year increase of 81.5%. Gedu Datacenter remained fully operational during November, providing with 3.3 EH/s hashrate, and mining 209 Bitcoins, representing approximately 51.9% of Bitcoins mined for the month. Their 175 MW immersion cooling datacenter at our Tydal mining facility in Norway remains on course for completion in 2025. Proprietary hashrate as of November 30, 2023 was 8.7 EH/s, equivalent to proprietary hash rate as of October 31, 2023.

Read more


Stronghold mined 193 BTC in November 2023 and generated approximately $0.7 million in energy revenue. The Company generated an estimated $7.2 million of revenue during the month of November, marking its highest monthly revenue in 2023.

Read more


Bitcoin mining firm Bit Origin has announced that the company has secured a $6.74 million investment to build a new mining facility in Cheyenne, Wyoming. The data center will be a new 25-megawatt site that aims to accommodate between 4,480 to 8,400 bitcoin miners.

Read more


Canaan entered into a deal on Nov. 27 to raise up to $125 million through the issuance of Series A convertible preferred stock to an unnamed institutional buyer, with net proceeds to be used for research and development, expanding product sales and paying the company’s administrative expenses. The company has completed its first tranche of preferred stock financing, raising a total of $25 million.

Read more


Marathon Digital Holdings Inc. plans to acquire rival Bitcoin miners and related infrastructure in the next two years, according to Chief Executive Officer Fred Thiel. “We intend to expand considerately in 2024 and 2025”, Thiel said.

Read more


Iris Energy is acquiring 8,380 new-generation T21 miners from Bitmain Technologies Delaware Limited for a purchase price of $14/TH ($22.3 million, payable in progressive instalments). The Company’s 80MW data center expansion at Childress remains on track to be progressively delivered from January 2024 through to Q2 2024, supporting the increase in operating hashrate from 5.6 EH/s to 10 EH/s.

Read more


Bitcoin miner Unblock Global said it raised $15 million to use flared gas from Argentina’s Vaca Muerta, the world’s second-largest shale gas reserve, to power its operations. Major energy companies Crusoe Energy, Pampa Energia, and Petrocuyo participated in the capital raise.

Read morC


F2Pool announces the launch of Bells (BEL) mining pool. The mining pool’s profit payment model is 5% PPLNS. Bells token is BEL, with a total supply of 500 million, and it is a PoW consensus blockchain network using the Scrypt mining algorithm, currently supporting ASIC mining. According to legends, this is an early work by the founder of Dogecoin recently unearthed by archaeologists, and holding an LTC mining machine can participate in mining.


Hut 8 has signed an interim agreement to launch a new mining site in Cedarvale, Texas, in connection with the Celsius Network bankruptcy proceedings. Hut 8 said that the mining site will house almost 66,000 miners and be powered by more than 215 MW of energy.

Read more


Cipher Mining announced that it has entered into an agreement with Bitmain to purchase 37,396 units of the latest generation Antminer T21 miners, representing 7.1 EH/s of self-mining capacity to be delivered in the first half of 2025. Cipher has also purchased the option to acquire an additional 45,706 miners representing 8.7 EH/s in 2024. The current total hashrate of the Cipher miners is 7.2 EH/s. If all the miners are operated, the total hashrate can be 24.2 EH/s.

Read more


Marathon Digital has entered into a definitive purchase agreement to acquire two currently operational Bitcoin mining sites, totaling 390 megawatts of capacity, from subsidiaries of Generate Capital, PBC for a total of $178.6 million, or $458,000 per megawatt, to be paid in cash from Marathon’s balance sheet.

Read more


Cryptocurrency miner Core Scientific said it was expecting to emerge from bankruptcy in mid-to-late January. The Austin, Texas-based company said it has reached an in-principle agreement with all key stakeholders on the terms of a global settlement. Core Scientific had filed for bankruptcy protection in December last year, citing slumping bitcoin prices, rising energy costs for bitcoin mining and unpaid debt from U.S. crypto lender Celsius Network, one of its biggest customers.

Read more


HIVE Digital announces the purchase of 7,000 units of the new Bitmain S21 Antminers, which will be delivered January through June 2024. Once installed in HIVE’s existing 140 MW of green energy infrastructure, HIVE’s average fleet efficiency will be 25 J/TH, and 5.8 EH/s of Bitcoin mining capacity. HIVE’s growth plans are to expand production to 8 EH/s in 2024.

Read more


Stronghold announced that it entered into a securities purchase agreement with an existing institutional investor to sell 2,300,000 shares of Class A Common Stock and share equivalents, in each case at a price of $6.71 per share equivalent. Gross proceeds from the Private Placement will be $15.4 million, before deducting offering expenses. Proceeds will be used to enhance growth and efficiency of the Company’s miner fleet, accelerate its carbon capture initiative, and improve its working capital position and for general corporate purposes.

Read more


Crypto mining company HIVE Digital announced that it has completed a $28.75 million buyout private placement financing. The offering included the sale of a total of 5,750,000 special warrants with a statutory hold period of four months and one day. The funds will be used to expand Bitcoin mining scale, working capital and general corporate purposes.

Read more


In the first 11 months of 2023, Kyrgyzstan has collected approximately $937,000 in taxes from crypto miners. Starting in April, mining taxes in the country climbed rapidly, with taxes in August reaching $138,000. Kyrgyzstan can currently produce up to 142 billion kWh of energy, with only 10% of its installed capacity being tapped.


BIT Mining announced that it has agreed to sell its entire mining pool business operated under to Esport–Win Limited, a Hong Kong limited liability company, for a total consideration of US$5 million. The sale of the Business is expected to result in an increase of approximately US$16 million in the total shareholders’ equity of BIT Mining, since the Business has approximately US$11 million in cryptocurrency net liability. The sale does not include or affect any of BIT Mining’s other businesses.

Read more


Crypto miners’ bitcoin reserves slid to the lowest point since May following a spate of withdrawals this week, in a sign of mounting selling pressure as the largest cryptocurrency posts a December gain of more than 13%, data from CryptoQuant shows. Reserves now number 1.832 million BTC being held by miners, down from October’s high of 1.845 million. The miners have sold 3,000 bitcoin (BTC) over the past 24 hours, equating to around $129 million.(CoinDesk)

Read more


The official website of the Shenzhen Stock Exchange shows that the review status of the GEM IPO of Shenzhen Silidi Technology Co., Ltd. has changed to “terminated”. The Shenzhen Stock Exchange launched a focused inquiry on whether the company’s products involve “mining machines.” From 2021 to 2022, Sidel Technology’s LoRa gateway achieved sales revenue of 224 million yuan and 274 million yuan respectively; its LoRa gateway products are mainly used in Helium Network in the United States. Pan Hao is the actual controller of the company, and his total direct and indirect controlled shares account for 56.72% of the company’s voting rights.

Follow us