1、

Crypto mining firm Riot Blockchain Inc. shut down most of its bitcoin mining operations in Texas, where the miners have reduced energy use by about 98%, using only 1% to 2% of electricity. Other electricity should have been sold back to the grid at a high price.

Industry insiders said that the ice and snow weather this time is completely different from the Texas ice disaster in early 2021. The electricity price has only risen to 7-9 cents for the time being, and it rose to 9 dollars in early 2021. The industry is expected to return to normal by the second week of February.

2、

NuMiner announced its Bitcoin mining machine NM440, which uses TSMC chips and cooperates with Foxconn and Xilinx. It claims to have a computing power of up to 440T and an energy efficiency ratio of 20.2 J/T. It will be shipped in the second quarter of 2022. US-listed company Sphere 3D has committed to purchase 60,000 NM440 machines for approximately $1.7 billion in cash and Sphere 3D stock. It should be noted that this news may conspire with listed companies to raise stock prices, and its performance indicators, chip production capacity, supply chain and other information are doubtful.

3、

As of January 31, 2022, Hut 8 Mining held 5,826 self-excavated bitcoin reserves, mined 308 bitcoins in January, and produced an average of 9.93 bitcoins per day, about 16% of bitcoin production came from the company's GPU Miners that mine Ethereum while receiving payments in Bitcoin.

4、

Although the price of Bitcoin hit a new low in nearly half a year this month, the computing power of the entire Bitcoin network has continued to soar, setting a new record. Currently, the computing power of BTC is close to 200 EH/s. Samir Tabar, chief strategy officer of Bitcoin mining company Bit Digital, said that the more computing power used to maintain the network, the more secure the Bitcoin network is and the more transactions it can process. Peter Wall, CEO of encryption mining company Argo Blockchain, said that even with recent events such as political turmoil in Kazakhstan that disrupted BTC computing power, computing power will continue to grow every month in the future. (Cointelegraph)

5、

Greenidge Generation, a bitcoin mining company, said in a statement that despite a 16 percent decline in bitcoin production, preliminary fourth-quarter revenue rose 23 percent to about $44 million from the third quarter's $35.8 million. Dollar. In addition, as of December 31, 2021, the company's computing power has increased by 17% to 1.4 EH/s.

While Greenidge produced roughly 609 bitcoins during the quarter, a 16 percent drop, bitcoin prices hit an all-time high of nearly $69,000 during the period.

Adjusted earnings before interest, taxes, depreciation and amortization are expected to be $18 million to $20 million in the fourth quarter, down from $21.2 million in the third quarter, the company said.

The company said it had $85 million in cash and short-term investments, only $2 million of which was in cryptocurrencies, meaning it likely liquidated most of the cryptocurrencies it produced. (CoinDesk)

6、

The Argentine government has eliminated electricity subsidies applicable to crypto mining activities. According to the new Resolution 40/2022, which was published on February 1 and came into force, miners will now pay almost 4 times as much for energy as before. The reasons behind this change are explained in the Resolution: Due to the availability of payment and the profitability of the event, we consider it appropriate that these users are faced with paying a price for energy equivalent to the cost of supply, the price they pay residential or other users is unfair. (News Bitcoin)

7、

Mining company Merkle will receive 4,449 Bitmain’s new mining machines S19 Pro+ Hydro in May Merkle Standard, headquartered in California, USA, will become one of the first encryption mining companies in the United States to receive Bitmain’s latest mining machine, the S19 Pro+ Hydro, which uses Liquid cooling technology, which can reduce heat, power consumption and noise, and extend the service life of the machine.

Merkle signed an agreement with Bitmain to acquire 4,449 of the latest mining machines in May, which will add approximately 840 PH/s of mining capacity to the company. Merkle will deploy all Bitmain miners at its flagship data center in Eastern Washington, which has a capacity of 225 megawatts (MW) and potential expansion of up to 500 MW. The miner expects to be net carbon negative by the end of the year and reach a hashrate of 4.6 EH/s. (CoinDesk)

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According to the "Notice on Further Preventing and Dealing with the Risk of Hype in Virtual Currency Transactions" issued by the central bank and other departments, the content of this article is only for information sharing, and does not promote or endorse any operation and investment behavior. Readers are requested to strictly abide by the laws and regulations of the region and do not participate in Any illegal financial conduct. Wu said that without permission, it is forbidden to reprint or copy the content, and those who violate it will be investigated for legal responsibility.

According to the "Notice on Further Preventing and Dealing with the Risk of Hype in Virtual Currency Transactions" issued by the central bank and other departments, the content of this article is only for information sharing, and does not promote or endorse any operation and investment behavior. Readers are requested to strictly abide by the laws and regulations of the region and do not participate in Any illegal financial conduct. Wu said that without permission, it is forbidden to reprint or copy the content, and those who violate it will be investigated for legal responsibility.