Cleanspark, a Nasdaq-listed bitcoin mining company, has announced its venture into Mississippi by acquiring three operational bitcoin mining sites, along with an additional site in Dalton, Georgia, currently under construction. This strategic expansion, costing $19.8 million in cash, aims to bolster the company’s mining capabilities by approximately 3.2 exahash per second (EH/s), with the Mississippi sites contributing 2.4 EH/s and the Dalton site expected to add another 0.8 EH/s upon completion.

CEO Zach Bradford expressed excitement about the company’s growth and the opportunity to triple their hashrate in Dalton without significantly increasing overhead costs. With these new acquisitions and the expansion of its existing Dalton mining campus, Cleanspark aims to exceed 20 EH/s by the first half of 2024, enhancing its operational efficiency and strengthening community ties. This move is poised to position Cleanspark as a formidable player in the bitcoin mining industry ahead of the anticipated halving event.

Source

Several headlines recently described a 25% drop in bitcoin network difficulty during Winter Storm Finn in January. Most attributed this drop to curtailment activity in Texas. While Texas does represent 17% of the global bitcoin hashrate, ERCOT data shows that some of the curtailment activity was a combination of higher prices and “good grid citizenship.” In ERCOT, and to a lesser extent in other ISOs, prices are the best proxy for grid stress. There are other proxies such as PRC (physical responsive capability) but prices are a better measure for most situations. For that reason, in order to prevent swings in prices and create more challenging gird conditions, an optimal environment…

Read more on BitcoinMagazine

BIGCAP COINS:

1. Chainlink: Market Cap of $10.9 Billion.
2. Bitcoin: Market Cap of $842 Billion.
3. Solana: Market Cap of $41.2 Billion.

MIDCAP COINS:

1. MANTRA: Market Cap of $120 Million.
2. Jupiter: Market Cap of $686 Million.
3. Ronin: Market Cap of $816 Million.

RISING COINS:

1. PepeFork: Market Cap of $239 Million.
2. SatoshiVM: Market Cap of $24.5 Million.
3. PondCoin: Market Cap of $91.4 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Join CryptoCrunchApp on Telegram Channels – Click to Join

Just one day after the January 11 approval of 11 Bitcoin spot ETFs – including BlackRock’s iShares Bitcoin Trust (IBIT) – by the U.S. Securities and Exchange Commission, BlackRock Chair and CEO Larry Fink sat down with Bloomberg’s David Westin to discuss the implications of the world’s largest asset manager entering the Bitcoin market. Not one to mince words, Fink articulated a clear framework for his company’s approach to Bitcoin, and furthermore for BlackRock’s intention to replicate similar ETF products for other assets. “If we can ‘ETF’ a Bitcoin, imagine what we can do with all financial instruments.” Fink continued, speaking about Bitcoin itself, stating “I don’t…

Read more on BitcoinMagazine

Today, Citrea Team unveils Citrea, the inaugural ZK Rollup designed to elevate Bitcoin’s blockspace capabilities through zero-knowledge technology. Departing from traditional scalability solutions that move security and demand off-chain, Citrea introduces an approach to scale Bitcoin comprehensively with zero-knowledge proofs, ensuring on-chain verifiability and data availability within the Bitcoin network. This positions Citrea as one of the first scaling solutions to enable more complex applications without compromising Bitcoin’s security or altering its consensus rules.

The prevalent issue with creating new blockspace solutions lies in their inability to inherit Bitcoin’s fundamental…

Read more on BitcoinMagazine

In a significant move, Consensys, a leader in blockchain and web3 software, alongside Robinhood Markets, Inc (NASDAQ: HOOD), announced today the launch of Robinhood Connect with MetaMask, the top self-custodial web3 wallet globally. This collaboration marks a milestone by enabling customers to buy cryptocurrency directly through Robinhood’s cost-effective order system via MetaMask’s Buy Crypto feature. Aimed at bolstering web3 adoption, this integration simplifies and secures the process for users to onboard into the web3 space while maintaining full control over their digital assets.

MetaMask users now have the convenience of purchasing crypto through Robinhood Connect. This service aggregates various crypto buying options, offering Robinhood’s customers a streamlined and straightforward way to acquire cryptocurrencies from multiple providers.

Lorenzo Santos, Senior Product Manager at Consensys, emphasized the importance of this partnership, stating it significantly reduces barriers for individuals seeking a self-custodial route to access cryptocurrencies. He noted the public’s growing desire for greater control and ownership over their digital presence and assets.

Seong Lee, Head of Product at Robinhood Crypto, highlighted Robinhood’s commitment to easing the web3 adoption process. He explained that Robinhood Connect facilitates a seamless experience for Robinhood customers to fund their self-custody wallets using various payment methods, enabling immediate use of their purchased crypto.

A 2023 global survey by Consensys involving over 15,000 participants revealed a shift towards a more active, empowered internet user base, with a significant majority expressing a desire for greater control over their online identity and creations. However, the complexity of web3 technology remains a hurdle for many. This partnership between MetaMask and Robinhood represents a step forward in addressing these challenges, making it easier for users to engage with self-custodial services and the broader crypto ecosystem.

Official Press Release Link

NASHVILLE, February 6, 2024 – HIVE Digital Technologies Ltd (NASDAQ: HIVE) and Bitcoin Magazine announce “FUD Fighters”, a new initiative centered around education on the many false narratives articulated by critics of Bitcoin. The “FUD Fighters” series will consist of four in-depth research articles written by industry experts to counter erroneous, biased and misinformed narratives that seek to mislead the public about Bitcoin. Through this initiative, HIVE and Bitcoin Magazine aim to highlight, through a data-oriented approach, the tangible benefits of this technology, and consequently, to rebuke the unequivocally false reporting from traditional media outlets, pundits and…

Read more on BitcoinMagazine