1.
Hashrate Index: The new Bonanza mine will be second only to the S19 XP in terms of hashrate performance and energy efficiency. GRIID purchased Bonanza Mine for $5,625 / unit (or $41.60 /T); By comparison, Bitmain's first round of S19 XP orders in November 2021 cost a whopping $10,500 per unit ($75 /T). What is not known, however, is Intel's public shipping schedule for Bonanza Mine, nor is it known how many machines Intel plans to produce in the first round.
2.
The hackers behind last week's Nvidia data breach claim to have a customized driver that unlocks the limitations on the GPU manufacturer's graphics cards that prevent them from being used to mine cryptocurrencies.
According to PC Mag, the LAPSUS$ hacking group posted messages in its public chat room offering a customized driver for sale that, it claims, is capable of unlocking the hash rate limiter on Nvidia's RTX 3000 GPUs.
In response, Nvidia launched a dedicated Crypto Mining Processor (CMP) in February 2021. After sales initially outperformed expectations, they swiftly tailed off; by Q4 2021, they had dropped to just $24 million.
Wublockchain learned that mining efficiency increased by 20 to 40 percent after the crack was tested by miners.
3.
Bitfarms provided a Bitcoin (BTC) production and mining operations update for February 2022. 298 new BTC mined during February 2022, up 67% from February 2021. 4,883 BTC in custody on February 28, 2022, representing a total value of approximately US$210 million based on a BTC price of US$43,000. 2,000 used Bitcoin miners moved or are in transit to the company’s Paraguay farm；the two mines in Quebec will soon be operational; and the start of expansion in Argentina.
4.
U.S. Mining Company MARATHON DIGITAL HOLDINGS Reports Full Year 2021 Financial Results: Produced 3,197 self-mined bitcoins in fiscal 2021 with 32,150 miners, holding approximately 8,956 bitcoins as of February 28, 2022; increase Marathon's miner count to approximately 199,000 miners with a hashrate of 23.3 EH/s by early 2023.
5.
Riot Blockchain announced that it mined 436 BTC in February and as of February 28, 2022, Riot holds approximately 5,783 BTC, all produced by the company's self-mining operation. Riot Blockchain currently has 38,310 mining machines and is expected to hashrate to 12.8 EH/s by January 2023.
6.
Genesis Digital Assets plans to start a new self-hosted bitcoin mining data center in Sweden, which is expected to have up to 100 megawatts of power capacity. The energy mix at the facility in Sweden will be 54.5% hydro, 42.8% nuclear and 2.7% wind powered. In 2021, Genesis Digital Assets raised more than $550 million in the latest round of funding led by Paradigm. However, Swedish officials have repeatedly proposed a ban on POW at the EU level. （Coindesk）
7.
Australian bitcoin miner Mawson Infrastructure (MIGI) plans to expand its Sandersville, Georgia mining facility to 230 megawatts (MW), which will be capable of generating up to 7.5 exahash per second (EH/s) mining power. The facility in Sandersville, Georgia, will mainly use nuclear and hydro energy sources.
Mawson signed a 12 megawatt (MW) managed hosting agreement with Foundry Digital.
Mawson Infrastructure (MIGI) has signed a new 100 megawatt (MW) co-location deal with Celsius Mining, a subsidiary of crypto lending firm Celsius Networks, that entails Celsius providing a data center to host mining equipment.
The first mining hardware under the new deal will be deployed at the end of the first quarter and will bring the hosting co-location agreements with Mawson’s subsidiary, Luna Squares, to about 102MW, according to a statement. Celsius also loaned $20 million to Luna Squares for the purpose of funding the infrastructure required to meet the obligations of the co-location deal, according to a Securities and Exchange Commission filing.
Additionally, Mawson issued Celsius 3.85 million warrants, each of which is exercisable for one share of common stock at $6.50. On Feb. 15, Mawson said it produced 140 bitcoins in January and expects its monthly hashrate to rise 23% to 1.35 EH/s by the end of February.（CoinDesk）
8.
Bitcoin miners brought in $1.06 billion in revenues during February 2022, according to data compiled by The Block Research.
Most of these revenues came from the block subsidy ($1.05 billion) and only a small portion from transaction fees ($12.92 million). Revenue totals have dropped for the fourth consecutive month, with a month-over-month decrease of 12.9% between January and February.
Total revenues in October were $1.72 billion and have been falling since. They hit an all-time high in March 2021, with a total of $1.75 billion.（The Block）
9.
Gem Mining’s hashrate rose 23% in February, while the privately held bitcoin miner’s production declined about 10% from the previous month. The Greenville miner’s hashrate rose to 1.77 exahash per second (EH/s) from the previous month, according to a statement. February bitcoin production fell about 10% to 200.5 bitcoins due to the short month, an increase in global hashrate and the impact of Gem curtailing miners to support community needs for extra power.（CoinDesk）
10.
Hut 8 Mining, fresh off a recent acquisition, is looking to diversify its business beyond mining digital assets, Sue Ennis, vice president of investor and corporate development said. Hut 8 will build a scalable cloud business, similar to Amazon's AWS and Google Cloud, and provide infrastructure business services for blockchain gaming and Web 3, such as game rendering, NFT storage, node infrastructure management and exchange common storage, as well as Layer 1 and Layer 2 protocol support.
Hut 8 has reportedly entered into a partnership with gaming company Enthusiast Gaming, for which Hut 8 will provide content hosting in its data centers.
With more than 35,000 mining machines, Hut 8 Mining mined 289 bitcoins last month and held 6,115 bitcoins on its balance sheet as of Feb. 28.（Block Works）
11.
Digihost Technology is pleased to announce that it has entered into an at-the-market offering agreement (the “ ATM Agreement ”) with H.C. Wainwright. The agent may issue and sell up to an aggregate of $250 million of the Company's shares with subordinate voting rights at such times as it deems necessary. The Company plans to use the net proceeds of the agreement to support the growth and development of its existing mining operations.
12.
Bitcoin miner Cipher Mining (CIFR) abandoned its plan to buy Bitfury rigs this year, saying it aims to be more flexible, CEO Tyler Page said. The New York-based company had pre-ordered 28,000 to 56,000 mining rigs from Bitfury at a maximum price of $6,250 per machine, according to a filing with the U.S. Securities and Exchange Commission from October. At maximum values, that brings the order total to $350 million.
With the Bitmain and MicroBT purchases, the company plans to have 7.2 exahash/second (EH/s) by year-end. It is under contract to buy 60,000 rigs from Bitmain and 27,000 from MicroBT, Page said on the call.（CoinDesk）
13.
Malaysian electric utility goes after illegal bitcoin miners who steal power. Tenaga Nasional has proposed a special tariff for bitcoin mining operators in a move to fight electricity theft, its top executive said on Thursday. It has also proposed that the Energy Commission encourage bitcoin mining operators to apply for legal electricity supply.
In Malaysia, cryptocurrency mining itself isn’t illegal. But some miners steal electricity, for instance by tampering with meter installation or bypassing the meter and gaining an illegal connection.
T enaga has been working with the Malaysia’s anti-corruption agency, the police, the Energy Commission and the local councils to arrest power thieves, especially among bitcoin miners.
14.
On March 1, Inner Mongolia Daily reported that, aiming the target of carbon peaking and carbon neutrality, Inner Mongolia resolutely curb the "two high" low level project blind development, shut down the virtual currency "mining" project, monitoring the discovery of virtual currency mining IP key list to achieve dynamic "zero".
15.
Recently, the Beijing Chaoyang District People's Court held a public hearing and delivered a verdict in a dispute over a service contract arising from bitcoin "mining". The court held that the two companies signed a mining agreement on behalf of the company, knowing that there were risks associated with "mining" and bitcoin trading, and that the agreement was invalid and the property rights and interests arising from it should not be protected by law. The parties shall bear the consequences of the above actions.
16.
Sichuan Province, Bazhong City Development and Reform Commission issued a respectful notice, investment in virtual currency and related derivatives, the relevant civil legal action is invalid, and the resulting losses are borne by themselves.
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