Tags: Mining Centers

(Getty Images)

Fans help the flow of air so that Bitfarms mining rigs can stay cool. (Eliza Gkritsi/CoinDesk)

(Rachel Sun/CoinDesk)

A Cipher mining bitcoin farm (Cipher Mining)

HUT 8 Mining (hut8.io)

(Eliza Gkritsi/CoinDesk)

The Saxet Infrastructure Group is under construction in Corpus Christi, Texas. (Saxet Infrastructure Group)

(Eliza Gkritsi/CoinDesk)

(DALL-E/CoinDesk)

(Pete Alexopoulos/Unsplash)

Celsius and Core Scientific hope to raise millions via mining rig vouchers (alvarez/Getty Images)

(eddie sanderson/Getty Images).

Bitcoin mining rigs (Eliza Gkritsi/CoinDesk)

Bitfarms is shooting for 6 exahash per second of computing power by end-2023, the same goal it had set and missed for 2022.

Core Scientific had stopped paying Priority Power Management in May 2022.

Bitcoin miners are no longer able or willing to hold onto all of their mined digital assets indefinitely as a slump in prices is eating into their margins.

Marathon terminated a credit facility with Silvergate last week.

Management spoke to investors on Thursday morning following release of the company‘s fourth quarter and full-year 2022 results.

The site is built in the Yguazu region, near the giant Itaipu dam.

The miner also said it expects to reach 5.5 EH/s of computing power across its two sites by early in the second quarter.

The judge also indicated he would allow stockholders to form an official committee in the bankruptcy.

The legislation will likely upend a Missoula county zoning law that was one of the first in the U.S. to target the mining industry.

The bankrupt bitcoin miner stopped making payments to the firm right before it stopped paying off its debt.