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Bitcoin Hashrate Reaches an All Time High in Q1 of 2022
Bitcoin Hashrate Reaches an All Time High in Q1 of 2022
News  •  Bitcoin  •  Feb 15, 2022 by Deniz Saat

Prior to the spring of 2021, the majority of the hashrate to secure the Bitcoin network was located in China. Miners were consistently adding more ASIC machines to their mining farms in order to earn rewards for providing energy to the network.  During the spring of that year, the China

Tallycoin Fundraiser for the Freedom Convoy Voluntarily Shut Down
Tallycoin Fundraiser for the Freedom Convoy Voluntarily Shut Down
News  •  Bitcoin  •  Feb 15, 2022 by Daniel Kuhman

On Monday, leaders of the Tallycoin fundraiser for the Freedom Convoy in Canada voluntarily stopped accepting donations, at least for the time being. At the time of deactivation, the HonkHonk Hodl group had raised approximately 22 BTC, valued at nearly $1 million, through the bitcoin fundraising platform Tallycoin.  The Freedom

ConocoPhillips Reducing Flaring by Selling Gas to Bitcoin Miners
ConocoPhillips Reducing Flaring by Selling Gas to Bitcoin Miners

Oil and gas giant ConocoPhillips announced this week that they are partnering with an undisclosed Bitcoin mining company as part of a pilot project to reduce flaring. According to a ConocoPhillips spokesperson, they have “one Bitcoin pilot project currently operating in the Bakken [a region in North Dakota known for

News  •  Bitcoin  •  Feb 16, 2022
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ConocoPhillips Reducing Flaring by Selling Gas to Bitcoin Miners
ConocoPhillips Reducing Flaring by Selling Gas to Bitcoin Miners

Oil and gas giant ConocoPhillips announced this week that they are partnering with an undisclosed Bitcoin mining company as part of a pilot project to reduce flaring. According to a ConocoPhillips spokesperson, they have “one Bitcoin pilot project currently operating in the Bakken [a region in North Dakota known for

News  •  Bitcoin  •  Feb 16, 2022
Bitcoin Hashrate Reaches an All Time High in Q1 of 2022
Bitcoin Hashrate Reaches an All Time High in Q1 of 2022

Prior to the spring of 2021, the majority of the hashrate to secure the Bitcoin network was located in China. Miners were consistently adding more ASIC machines to their mining farms in order to earn rewards for providing energy to the network.  During the spring of that year, the China

News  •  Bitcoin  •  Feb 15, 2022
Tallycoin Fundraiser for the Freedom Convoy Voluntarily Shut Down
Tallycoin Fundraiser for the Freedom Convoy Voluntarily Shut Down

On Monday, leaders of the Tallycoin fundraiser for the Freedom Convoy in Canada voluntarily stopped accepting donations, at least for the time being. At the time of deactivation, the HonkHonk Hodl group had raised approximately 22 BTC, valued at nearly $1 million, through the bitcoin fundraising platform Tallycoin.  The Freedom

News  •  Bitcoin  •  Feb 15, 2022
Intel Release New Details About Its Bitcoin Mining ASIC Chip
Intel Release New Details About Its Bitcoin Mining ASIC Chip

In January, the first mention of Intel’s application-specific integrated circuit (ASIC) was revealed in an agenda for the International Solid State Circuit Conference. Less than a month later, Senior Vice President General Manager Raja M. Koduri Announced on Intel’s Newsroom page that the company is developing a more

News  •  Bitcoin  •  Feb 14, 2022
Compute North Closes $385 Million in Funding for Computing Infrastructure
Compute North Closes $385 Million in Funding for Computing Infrastructure

On February 8th, 2022 - Compute North announced a $385MM raise to help fund the development of new U.S based data centers with a focus on sustainability and efficiency. The round was co-led by Mercuria and Generate Capital with additional investors including National Grid Partners.  Compute North aims to

News  •  Bitcoin  •  Feb 14, 2022
OpenNode Closes $20m Series a Funding Round at $220m Valuation
OpenNode Closes $20m Series a Funding Round at $220m Valuation

On February 8th, OpenNode announced the end of their Series A funding round which was led by Kingsway Capital with additional investments from Twitter, Tim Draper, and Avon Ventures, a subsidiary of Fidelity Investments. Following the investment, OpenNode will focus on building Bitcoin and Lightning Network payments. “OpenNode has believed

News  •  Bitcoin  •  Feb 10, 2022
Marathon Digital Hits New Mining Production Highs in January
Marathon Digital Hits New Mining Production Highs in January

Marathon Digital January Highlights * 3.6 EH/s with 32,710 active miners * 462.1 BTC mined * 8,595 total BTC on hand as of 1/31 Marathon Digital Holdings just released their bitcoin mining production numbers, noting several large year-over-year increases. The first noted improvement was the production of

News  •  Bitcoin  •  Feb 09, 2022
Co-creator of Meta’s Diem Praises Bitcoin
Co-creator of Meta’s Diem Praises Bitcoin

Former head of Meta’s cryptocurrency and fintech unit and co-founder of Diem, David Marcus, took to Twitter on Tuesday to vocalize his support for Bitcoin, predicting that it will be the “one asset and L1 still around in 20+ years.” Marcus spent years working on Meta’s Diem, a

News  •  Bitcoin  •  Feb 04, 2022
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