The U.S. Government Seems to Be Closing in on Bitcoin Mining
Bitmain Antminer S19 Hydro mining rigs, the company’s latest technology, installed at a Merkle Standard facility in Washington state. (Eliza Gkritsi/CoinDesk)
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Bitcoin Mining
Bitmain Antminer S19 Hydro mining rigs, the company’s latest technology, installed at a Merkle Standard facility in Washington state. (Eliza Gkritsi/CoinDesk)
The Energy Information Administration (EIA) is starting a survey to track the electricity consumption of crypto miners in the U.S.
The new company, Ionic Digital, expects to hit mining capacity of 12.7 exahash per second (EH/s).
GRIID commenced trading on the Nasdaq Global Market on Monday under the ticker symbol “GRDI” while continuing to trade on Cboe Canada under the same ticker.
Miners such as Bitfarms (BITF), Hut 8 (HUT) and TeraWulf (WULF) were among the outperformers.
The mining business aims to reach 8 EH/s mining power and already has 4.5 EH/s operational after starting the unit in the summer of 2023.
Deus X Capital partnered with Fabiano Consulting to provide funding and strategic advice to miners.
The broker says it prefers outperform rated mining stocks Riot Platforms (RIOT) and CleanSpark (CLSK).
The bankrupt miner received court approval for its Chapter 11 reorganization plan and plans to re-list shares on Nasdaq end of January.
ASIC Miners (Sandali Handagama/CoinDesk)