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Marathon Digital will pay $179 million to acquire two Bitcoin mining sites with 390 megawatts of capacity from Generate Capital. MARA stock surged by 9% after the news, bringing year-to-date gains to over 530%. Bitcoin was trading above $42k, up 2.2% in the past week after paring recent gains. Bitcoin mining firm Marathon Digital is set to add to its mining capacity and reduce the cost of mining BTC when it completes the purchase of two Bitcoin mining sites for $179 million. Marathon will buy the two mining sites from subsidiaries of Generate Capital at a cost of $458,000 per megawatt, with this paid for in cash, the company said in a press release. In total, the deal will see Marathon add 390 megawatts to its mining capacity. Marathon to reduce cost of mining BTC According to Marathon, the transaction will be its “first fully owned sites ”, adding to the 3% of 584 megawatts it directly controls in its portfolio. The deal should see Marathon...

Canaan reports significant mining loss in Q3 2023 but reflects a resilient year-on-year performance. Bitcoin mining solution provider Canaan has reported a total revenue of $33.3 million and a net loss of $80.1 million for Q3 2023. The revenue , primarily from the sale of 3.8 million Thash per second of computing power, represents a year-over-year increase of 8.6% despite a decrease from previous quarters. .@canaanio Reports 48% Decline in Q3 #Bitcoin Miner Sales$CAN #BitcoinMining https://t.co/GSmM25fn0D — TheMinerMag (@TheMinerMag_) November 28, 2023 You might also like: Bitcoin advocates cite BTC mining as key tool for clean energy and grid balance A significant development in the quarter was the launch and pre-sales of the new A14 product series, characterized by high computing power and energy efficiency. This release has been well received, indicating growing customer interest. However, the company faced increased pricing competition. Canaan also obtained ...

The Solana Foundation has launched a real-time carbon emissions tracker to monitor the Solana blockchain. The Solana Foundation, in collaboration with Data platform Try carbon ara, announced the launch of a real-time tracking dashboard to measure carbon emissions on the Solana block chain .  1/ Today, the Solana Foundation is leading the charge in the climate fight by making Solana one of the first blockchains to have its emissions measured in real time, thanks to a new data portal created with TryCarbonara. Learn more: https://t.co/k4QsZmtjHn pic.twitter.com/gqPwpKtv3u — Solana (@solana) April 21, 2023 According to a blog post from the foundation, this represents the first “major smart-contract blockchain” to measure carbon emissions in real-time. The organization hopes this will spur a trend towards carbon emissions transparency in the blockchain ecosystem: “The Solana Foundation hopes to set a new standard for measuring emissions in blockchain by publishing this data.” The n...