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bitcoin: Bitcoin drops amid Weibo crypto suspensions, Goldman CIO survey

Bitcoin and most other top cryptocurrencies fell on Sunday on concerns that there may be a further crackdown on the industry in China and as a report from Goldman Sachs Group Inc. served as a reminder that institutional adoption may be a long process. Bitcoin and many others in the top 30 cryptocurrencies excluding stablecoins declined in the past 24 hours as of 12:20 p.m. in London on Sunday, according to pricing data from CoinGecko, though No. 2 Ether was slightly higher. Chinese social-media...
United States El Salvador Jonathan Cheesman Paul Tudor Jones Nayib Bukele Timothy Moe

Square to invest $5 mln in Blockstream's solar-powered bitcoin mining facility

1 minute read Blockchain technology company Blockstream Mining said on Saturday that Square Inc (SQ.N) will invest $5 million to build an open-source, solar-powered bitcoin mining facility at one of Blockstreams U.S. sites. Blockstream, in an announcement on its blog, said the "facility will be a proof-of-concept for a 100% renewable energy Bitcoin mine at scale." Square, in a tweet, said it was teaming up with Blockstream as part of its Bitcoin Clean Energy Initiative.
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BlockFi Mining Bitcoin With Blockstream - Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Bitcoin lending platform BlockFi is now hosting bitcoin mining operations with Blockstream Mining. Bitcoin lending platform BlockFi is now hosting bitcoin mining operations with Blockstream Mining, with plans to deploy miners at Blockstream’s facility in Adel, Georgia. “As BlockFi looks to expand our offerings to the mining community and accumulate bitcoin on our balance sheet, mining directly to support the Bitcoin network provides a means to vertically integrate our supply chain while div...
United States Argo Blockchain Joe Chu Blockstream Adel Blockstream Mining Galaxy Digital

How Texas Is Becoming A Mecca For Bitcoin Miners

How Texas Is Becoming A Mecca For Bitcoin Miners Access to unique power sources and friendly regulations are driving bitcoin mining companies to set up shop in Texas. Author: May 4, 2021 Access to unique power sources and friendly regulations are driving bitcoin mining companies to set up shop in Texas. Texas might seem like an unlikely mecca for large scale bitcoin mining operations. Although energy prices in Texas are relatively cheap — a big draw for miners — the state’s reserve margin...
United States Meredith Angwin Argo Blockchain Samson Mow Peter Wall Rick Perry

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