News
Canaan will supply 4.5 megawatts of water-cooled Bitcoin mining ASICs to a Japanese engineering firm for real-time grid balancing and energy optimization.
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Energy News
Energy for blockchain products is one of the main topics of discussion for the development process of the cryptocurrency industry. As Bitcoin mining is very demanding in terms of energy usage and has become even harder to do over time, Bitcoin’s proof-of-work algorithm has been altered in other, less consuming algorithms for new cryptocurrencies. Bitcoin’s influence on the energy sector is hard to overestimate. Bitcoin energy consumption is currently taking more energy than most countries on the planet. This is not just the reason for the large profits in the energy industry but also a warning for the environment, as it is a threat to the climate with an amount of 20 megatons of CO2 emission per year. The reduction of the energy consumption for cryptocurrencies is also an important task as government environmental policies may become an obstacle for the blockchain industry.
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The Bitcoin mining industry is financing its expensive pivot to AI data centers with convertible debt that sometimes features a 0% coupon.
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Brazilian solar energy company Thopen is reportedly exploring Bitcoin mining as a way to monetize excess renewable power and offset curtailment losses.
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Crypto markets reel from a crash, Binance pledges relief, JP Morgan to offer crypto, and corporations are stacking BTC as Elon Musk praises it.
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Daylight removes the high upfront cost of installing solar panels and batteries, which has impeded the adoption of solar energy.
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Shares of Nasdaq-listed miner CleanSpark rose more than 5% Friday after the company reported higher September production.
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Akash founder Greg Osuri told Cointelegraph that AI may soon need nuclear power and called for a more sustainable approach to training models.
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Bitcoiner Chamath Palihapitiya filed documents to raise $250 million for American Exceptionalism, a prospective SPAC focused on the DeFi, AI, energy and defense sectors.
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With 93% of all Bitcoin already mined, the race for the remaining coins is intensifying. Here’s how it impacts scarcity, mining rewards and the future of the network.
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Shares in IREN closed trading on Wednesday up 11.4% after it reported mining more Bitcoin than MARA Holdings in July.
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Making the US energy grid more resistant to shocks and maximizing grid uptime is central to the Trump administration’s AI strategy.
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The CEO, who was just appointed in June, is also listed among the management of Japan-based crypto exchange BITPoint.
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AgriFORCE says it launched a site that uses stranded gas to power 120 Bitcoin mining rigs and will expand to two additional sites in Canada.
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Amazon is investing over $13 billion in expanding AI and cloud infrastructure in Australia, including new solar farms and data centers nationwide.
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Amazon joins a growing list of tech companies shifting to nuclear power to meet the energy-intensive needs of artificial intelligence.
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