Texas Blockchain Summit Scheduled for October 8th
The Texas Blockchain Council announced plans to host its inaugural Texas Blockchain Summit in Austin on October 8, 2021. The event will feature prominent subject matter experts who will discuss how blockchain technology and digital assets contribute to the economy in Texas and the United States. Darin Feinstein, Founder and Chairman of Core Scientific, is […]
Bitmain Hosts Digital Mining Energy Conference to Promote Renewable Energy Mining in North America
Bitmain, the world’s largest producer of digital asset mining hardware, announced plans to host the very first Digital Mining Energy Conference in Miami, Florida, on September 9, 2021. The conference will serve as an opportunity for digital asset miners and renewable energy providers to forge new partnerships. Attendees will showcase new technologies that can be […]
Core Scientific, a Major U.S. Bitcoin Mining Company, is Going Public VIA SPAC
Core Scientific, the largest digital asset miner and blockchain hosting provider in North America, will be listed publicly on the NASDAQ exchange through a merger with Power & Digital Infrastructure Corp (XPDI). The combined company will now operate as Core Scientific, and the merger will set the company’s pro forma enterprise value at $4.3 billion. […]
How the U.S. Became the World’s New Bitcoin Mining Hub
As of August 2021, the United States is the second-largest Bitcoin mining destination on the planet. To date, the United States accounts for close to 17% of the world’s Bitcoin miners. The country’s rising dominance in the industry can be attributed to two main factors: miners leaving China due to recent regulations and growth in […]
Bitcoin Mining Isn’t Nearly as Bad for the Environment as It Used to Be
Ever since its creation, people have criticized Bitcoin for being environmentally destructive. However, new data from the University of Cambridge shows that Bitcoin’s environmental impact is drastically improving. This is largely due to miners relocating from China to the United States, where there’s plenty of cheap, renewable energy available. Read the full article
Crypto Cowboys: Texas Counties Welcome Bitcoin Miners With Open Arms
Recent regulations in China have led many Bitcoin miners to relocate to the U.S. Texas has become a popular destination for many mining companies thanks to the state’s abundance of wind energy, deregulated power grid, and digital asset-friendly political leaders. Darin Feinstein, Founder and Chairman of Core Scientific, noted the positive aspects of setting up […]
Crypto Lender Celsius Confirms $54M Investment in Miner Core Scientific
Core Scientific will receive a $54 million investment from the digital asset lender Celsius. Celsius announced its investment plans two days after Core Scientific said it planned to go public on the NASDAQ stock exchange. Celsius also announced that it would be joining the Bitcoin Mining Council, which Core Scientific is a founding member of. […]
China’s Crackdown on Digital Assets: Darin Feinstein’s Insights
While China accounts for approximately 65% of the world’s bitcoin mining, the nation has a complicated relationship with digital assets. The first big crackdown took place in 2013, and in May of 2021, another major regulatory crackdown took place. What does the most recent crackdown mean for the rest of the world? Should Bitcoin miners […]
Core Scientific Provides Software to Fujitsu Australia in its SaaS Reseller Agreement
Core Scientific recently announced a partnership with Fujitsu Australia. Fujitsu Australia will be reselling Core Scientific’s innovative Plexus software solution. The company will also use the Plexus software to initiate a test-drive cloud powered by its AI hardware stack. Silke Barlow, the Head of Infrastructure Solutions at Fujitsu Australia and New Zealand, noted that “Fujitsu […]
Bitcoin Mining Council Survey Findings Focus on Sustainability
The Bitcoin Mining Council (BMC) put together a first-quarter survey that primarily focused on two metrics: energy consumption and sustainable power mix. Results revealed that survey participants are currently using electricity that has a 67% sustainable power mix. These results mean that the overall sustainable energy mix has grown about 56% since Q1, making Bitcoin […]