Crypto miners are reportedly diversifying into several areas, including artificial intelligence (AI). Miners have repurposed their high-performance computing infrastructure to meet the demand for gaming, image and video rendering services, and AI, CoinDesk reported Monday (Aug. 21), citing JPMorgan. “With the rapid growth of AI, the increased...
Standard Chartered has raised its bitcoin price predictions after seeing increased miner profitability. The bank now projects the crypto asset to reach a price $50,000 by the end of 2023 — a 65% increase from current prices — and then hit $120,000 by the end...
Crypto mining firm Argo Blockchain has made transactions allowing it to continue operating. The firm said in a Wednesday (Dec. 28) press release that its subsidiary would sell its Helios bitcoin mining facility in Texas to Galaxy Digital Holdings for $65 million and refinance its asset-backed loans with a...
A man has pleaded guilty to defrauding customers who bought cryptocurrency-mining products and services. Chester J. “Chet” Stojanovich pleaded guilty Tuesday (Nov. 29) to wire fraud after telling customers he would provide them with crypto-mining computers (“Miners”) and Miner hosting services, but instead keeping the...
February 04, 2024
How much energy does cryptocurrency mining consume in the U.S.? A recent analysis by the Energy Information Agency (EIA) estimates that large-scale cryptocurrency operations consume more than 2% of the country’s electricity. And as Ars Technica noted in a report on Friday (Feb. 2), that’s around the equivalent of adding another state to the country’s power […]
August 21, 2023
Crypto miners are reportedly diversifying into several areas, including artificial intelligence (AI). Miners have repurposed their high-performance computing infrastructure to meet the demand for gaming, image and video rendering services,...
July 10, 2023
Standard Chartered has raised its bitcoin price predictions after seeing increased miner profitability. The bank now projects the crypto asset to reach a price $50,000 by the end of 2023...
December 28, 2022
Crypto mining firm Argo Blockchain has made transactions allowing it to continue operating. The firm said in a Wednesday (Dec. 28) press release that its subsidiary would sell its Helios bitcoin mining...
