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Marathon Digital, a U.S.-based company, recently disclosed its quarterly figures. During the first three months of 2024, the company managed to mine 2,811 Bitcoins, valued at a staggering $176 million. Remarkably, the company unveiled possessing liquidity amounting to $1.6 billion, affirming the inclusion of Bitcoin within this substantial figure. Profits Surge as Marathon Digital Reveals…
The United States Energy Information Administration (EIA) has announced its initiation of a comprehensive investigation into the energy consumption of crypto mining companies based in the U.S. This probe, set to commence next week, specifically targets certain Bitcoin mining entities. The call for this investigation came under the “Urgent Collection of Data” title from the…
In a recent revelation, Bhutan, a South Asian country neighboring China, has been identified as hosting government-owned Bitcoin mining facilities. This discovery sheds light on a strategic move by the Bhutanese government to compensate for the decline in tourism revenue due to the pandemic by venturing into Bitcoin mining. The mining facilities, strategically scattered across…