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Marathon Digital, a Bitcoin (BTC) miner, has teamed up with renewable energy asset manager Nodal Power to test a 280 kW Bitcoin mining project in Utah, according to a joint statement released on Nov. 2. The project will use methane gas from landfill waste to generate electricity which will be channeled towards BTC mining.  Today, we're announcing the energization our first #Bitcoin mining pilot project powered by renewable, off-grid energy from a landfill . The project is currently fully energized and operational. Learn more: https://t.co/RnqtJOvOCa pic.twitter.com/U1UPEgwmRm — Marathon Digital Holdings (NASDAQ: MARA) (@MarathonDH) November 2, 2023 This initiative aims to tackle greenhouse gas emissions by employing renewable energy sources for its mining processes. According to the Environmental Protection Agency (EPA), municipal waste was responsible for 14.3% of methane emissions in the United States in 2021. The EPA sees the potential of capturing and us...

Bitmain, the largest maker of Bitcoin (BTC) mining rigs, said it plans to launch the Aleo mining machine .  The Aleo project uses Zero Knowledge Proof (ZKP) technology and provides full-stack programmability, and users can build privacy applications on the Aleo network. Aleo aims to create a blockchain network that considers decentralization, scalability, and privacy protection.  “The Aleo project deeply uses Zero-Knowledge Proof ( ZKP ) technology and aims to build a blockchain network that takes into account decentralization, scalability, and privacy protection.” Aleo project Earlier, it was reported that the company partially failed to pay salaries to employees for September due to its difficult financial situation. The company discovered negative cash flow for the month. Bitmain also fired three workers for “illegally publishing the company’s salary announcement.” You might also like: Bitmain fired employees after salary data leak However, shortly before the ...

Digital Shovel has launched the latest evolution of its MiniPOD line of modular cryptocurrency mining data centers, the S300 MiniPOD. The new product is designed to reduce transportation costs, improve portability, and drive profitability for crypto miners. The S300 MiniPOD is a mobile unit that can be shipped in a flat pack and assembled on-site within four hours, requiring only two people and no heavy lifting equipment. The unit can also be easily moved with a forklift, allowing miners to relocate their operations to access cheap and abundant power sources. The S300 MiniPOD has several Features that enhance the efficiency and performance of crypto mining . The unit has four direct drive fans that increase the airflow from 60,000 cubic feet per minute (CFM) to 88,000 CFM, a 32% improvement from previous models. This helps to cool down the mining machines and prevent overheating. You might also like: El Salvador pioneers first Bitcoin mining pool, boosting renewable ene...

Data center operator US Bitcoin Corp (USBTC) has announced it will host 8,500 Bitcoin miners from the insolvent crypto lender Celsius at its Alpha Site.  A press statement on Aug. 31 revealed that the miners are expected to have an estimated hashrate of 820 petahash (PH). The hosting arrangement is part of a more significant deal that could see USBTC managing as many as 310,000 Bitcoin (BTC) miners . These miners would belong to Celsius and other clients like Teslawatt, Foundry USA, Marathon Digital, Decimal Group, and Sphere 3D. In May, USBTC, in collaboration with other partners in the Fahrenheit LLC consortium, won the auction to manage Celsius assets. These assets comprise a lending portfolio and approximately 122,000 mining machines. You might also like: Hut 8 receives a $50m loan from Coinbase’s subsidiary USBTC will manage the bankrupt lender’s mining division and play a key role in setting up and operating a 100-megawatt Bitcoin mining facility. Whe...

The manufacturer of Bitcoin mining machines, Canaan, released financial results for the quarter ending on June 30. The firm’s financial statements report total revenue of $73.9 million, a 33.7% increase compared to the previous quarter. A  surprising turn On Aug. 29, Canaan, which is listed on the Nasdaq, announced the company saw an increase in mining revenue . At the end of the quarter, the computing solutions provider shared that the mining revenue grew to $15.9 million, a 43.4% increase from $11.1 million in Q1 of 2023 and a 105.1% increase from the same period in 2022. The company’s chief financial officer, James Jin Cheng, also quoted a notable 115% increase in cryptocurrency assets on Canaan’s balance sheet, which would include 747 Bitcoins owned by the firm. This increase is likened to two factors, according to the statement: improved uptime and enhanced Bitcoin rewards. At the same time, the second quarter included a net loss for the company of $110.7 million, like...

Jaime Leverton has led digital asset mining player Hut 8 over the past two years, wading through the waters of the bull market of 2021 and the bear market of 2022. In January 2023, during the World Economic Forum’s (WEF) annual conference in Davos, Switzerland, Jaime Leverton, CEO of Hut 8, a crypto mining entity that trades as a public company, sat down with me for a fireside chat at the Crypto Summit on the Promenade. Leverton outlined some of her views on the recent shakeout in the cryptocurrency market and reflected on how Bitcoin (BTC) mining fares during the current turbulent period for the industry. Throughout 2021 and 2022, the crypto industry experienced significant growth, followed by bear market struggles, bankruptcies and job cuts. Leverton took on the position of leading Hut 8 Mining as CEO a little over two years ago and experienced those ups and downs from the front line. Jaime Leverton CEO of Hut 8 (left) and Kristina Lucrezia Cornèr (right) during Crypto Summit 2023 i...