Global Crypto Mining News in December: Bull market expectations are justified, global mining companies accelerate expansion
1. Australia-headquartered Iris Energy has bought another 1.3 EH/s of Bitmain’s Antminer T21 model. The bitcoin mining company said the preorder has a similar term to the previous purchase of 1.4 EH/s in October, wherein 20% of the $18.6 million contract is financed by the manufacturer and won’t be due until a year after shipment. Read more 2. Bitmain-affiliated Antpool has overtaken Foundry USA as the largest bitcoin mining pool in terms of monthly blocks mined for the first time since January 2022. Antpool mined 1,219 blocks in November, slightly surpassing Foundry USA’s 1,216 blocks mined and reaping total rewards of 8,672 BTC for its miner clients. Read more 3. Bitfarms announced that in November 2023 they mined 392 BTC and sold 350, generating a total revenue of $12.8 million USD. The hashrate for that month increased by 2% to 6.4 EH/s, and it is expected to rise by 88% to 12 EH/s in the first half of 2024. They also finalized a contract to increase the capacity of their Paraguay...