Bitcoin miner Argo Blockchain sells Quebec site for $6.1 million amidst declining BTC production
Argo blamed its falling Bitcoin production on increasing network difficulty and outage at a third-party facility.
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Argo blamed its falling Bitcoin production on increasing network difficulty and outage at a third-party facility.
Oluwapelumi Adejumo 2 min read
The EIA has agreed to destroy the data it has collected so far to end the lawsuits filed by several industry players, including Riot Platforms and the Texas Blockchain Council.
The company mined a record 12,852 BTC in 2023, which drove its revenue to $387.5 million.
The miner believes the upcoming halving event would provide opportunities for furthe growth.
US agencies have agreed to pause the survey for one month.
The Bitcoin miners alleged the US agencies acted "arbitrarily and capriciously."
Two government agencies have begun to collect data from mining firms.
Hashlabs Mining CEO Kal Kassa said the new venture will include Bitcoin mining via Canaan Avalon machines. However, the government has yet to confirm this officially.
Bitcoin mining difficulty is expected to rise by 8% to a new all-time high.