Industrial mining operations’ margins have been squeezed by the recent collapse in the price of bitcoin. After soaring as high as $1,100 in late 2013, the value of a bitcoin has plunged to about $230. This has had a huge impact on bitcoin cloud mining, with some firms shutting down or halting payouts to customers.
- CoinTerra Defaults on Debt, Countersues C7 Data Centers – Bitcoin mining firm’s operations on hold, including mining hardware at CenturyLink and C7 Data Centers.
- What The Bitcoin Shakeout Means to Data Center Providers – Some bitcoin mining firms are shutting down or halting payouts to customers, while others are shifting their business models. The fallout is being felt by data center operators who leased space to large mining operations.
- Bitcoin Gets Liquid: BitFury Buys Immersion Cooling Specialist – One of Bitcoin’s biggest players is turning to immersion cooling to address the shifting economics of cryptocurrency mining. Bitcoin hardware specialist BitFury Group said today that it will acquire cooling specialist Allied Control.