'Bad batch' or flawed design? Compass Mining flags problems with new ASIC miners
The Bitcoin mining company is stumped as to why Bitmain changed the design of the S19 Antminers.
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Bitcoin ASIC manufacturer Canaan saw 82% revenue drop in Q4
The firm's revenue only fell by 14% for the entire year as part of better industry conditions in Q1 and Q2 2022.
Bitcoin ASIC miner prices hovering at lows not seen in years
ASIC miners' price per terahash has fallen more than 80% from its peak in 2021 as Bitcoin mining machines continue to flood the marketplace.
A loophole allowed FTX to secure its Aussie license without full checks: ASIC's Longo
ASIC's Joseph Longo pointed the finger at a loophole that allowed FTX to acquire an Australian Financial Services License under its watch.
Crypto miners in Russia capitalize on the bear market by hoarding ASIC devices
Miners in Russia have likely been increasingly buying crypto ASICs due to reduced prices of mining devices as well as low-cost energy.
‘Do not delay’ — ASIC warns Aussies to look for 10 signs of a crypto scam
The list comes out as part of Australia's 2022 Scams Awareness Week.
ASIC's Longo pledges action against certain ‘high-risk’ crypto products
The chair of Australia’s market regulator has warned that “action will be taken” on financial product issuers who promote risky products to a wide consumer base.
Core Scientific to increase ASIC server capacity by 75 MW
The Nasdaq-listed Bitcoin miner expects to generate $50 million in annual revenue once the ASIC servers are fully operational.
Compass Mining to add 25,000 ASIC miners just weeks after staff cuts
The Bitcoin mining company plans to expand its fleet of mining devices comes on the back of staff lay-offs and executive salary cuts just weeks before.
Bitcoin miners sell their hodlings, and ASIC prices keep dropping — What’s next for the industry?
Beset with multiple challenges, Bitcoin miners continue to liquidate their reserves, and a handful are selling more BTC per month than they make, but is there a silver lining?