Bitcoin mining company Iris Energy Limited said on Dec. 15 that it expects to take delivery of 8,380 new-generation T21 miners from Bitmain. Delivery of the mining machines is expected to help Iris Energy fulfill its goal of increasing its self-mining capacity to 10 EH/s (exahash per second). Acquisition to Improve Overall Fleet Efficiency The […]
The bitcoin mining corporation Riot Platforms, a publicly traded firm within the industry, recently announced a significant expansion of its operations. The firm has completed its largest-ever acquisition of application-specific integrated circuit (ASIC) miners, securing 66,560 units of Microbt’s latest Whatsminer M66S models. This substantial purchase is set to boost Riot’s current mining capabilities by […]
November marked a significant milestone in the 2023 revenue generated by bitcoin miners, reaching a peak of $ 1.16 billion. This month not only stood out in terms of total earnings but also set a record for the highest monthly fees collected by miners within the year. Bitcoin Mining Fees Soar to Yearly High …
In the past six months, Bitcoin miners’ revenue has dropped by more than 30%, with November revenues approximately $ 270 million lower than October revenues. The drop in Bitcoin miners’ revenue is attributed to Bitcoin price volatility, increased competition, and higher electricity prices. Gradual Decline in Miner Revenue Bitcoin miners’ revenues have fallen by …
The Australia-based and Nasdaq-listed Iris Energy recently announced the acquisition of 1.3 exahash per second (EH/s) capacity in Bitmain’s latest Antminer T21 models. This purchase boosts Iris Energy’s proprietary mining capacity to a notable 8.3 EH/s. Iris Energy Secures 1.3 EH/s in Latest Bitmain Deal Iris Energy (Nasdaq: IREN) announced on Thursday its procurement of […]