Search results for Hashrate Index
Crypto
Top 3 countries account for 65.4% of bitcoin mining, U.S. slips and Russia rises
The United States’ share of the bitcoin mining network fell while Russia’s rose, but the combined share of the top three countries remained above 65%, estimates showed. Hashrate Index’s October country estimates put the combined share of the United States, Russia and China at 65.4%. The U.S. estimate slipped to 335 EH/s and Russia’s rose to 170 EH/s. The overall network estimate held near 941 EH/s.
Crypto
Bitcoin miners increasingly exit mining as funds flow into AI and HPC
Bitcoin mining companies are increasingly shutting down mining operations and shifting to AI and high-performance computing infrastructure businesses as mining profitability deteriorates and demand for AI data centres surges. Some listed miners have effectively stopped mining, unwound equipment contracts and sold bitcoin holdings. The shift is reflected in a fall in network hashrate. Large AI and HPC deals have drawn capital, while market valuations diverge between miners with and without such contracts.
Crypto
Bitcoin mining pool Poolin files for Chapter 11 bankruptcy protection
Bitcoin mining pool Poolin filed for Chapter 11 bankruptcy protection in the United States and began a process to sell two West Texas mining sites for $52 million as part of a creditor recovery program. Cointelegraph reported that Poolin and two U.S. affiliates filed on July 23 in a New Jersey court. Court filings put liabilities at $100 million to $500 million and assets at $1 million to $10 million.
