The U.S. Labor Department’s consumer price index (CPI), the most widely used gauge for tracking inflation, rose to an annual clip of 7%, hitting predictions made by economists, marking the highest increase since June 1982 and topping November’s 6.8% increase.The core CPI, which excludes more volatile energy and food prices, rose by 0.6% month-over-month, exceeding economists’ … [Read more...] about US Inflation Rose to Nearly Four-Decade High of 7% in December
December
Crypto Miner Digihost’s December Bitcoin Production Falls 11%
The miner has also received "all planning board permits and compliance approvals" to ramp up the development of a 60MW power plant in New York, which it expects to be completed by mid-February. However, it is still waiting for the final approval from utilities regulator, Public Service Commission, for the acquisition of the building. Source link … [Read more...] about Crypto Miner Digihost’s December Bitcoin Production Falls 11%
Traders Will Be Watching if December CPI Confirms Inflation at 4-Decade High
Bitcoin traders have been betting for years the largest cryptocurrency by market cap could serve as an effective hedge against inflation. That's why they'll be watching Wednesday as the U.S. Labor Department publishes its Consumer Price Index (CPI) report for December.The widely followed CPI, scheduled for release at 8:30 a.m. ET (13:30 UTC), is expected to show an acceleration … [Read more...] about Traders Will Be Watching if December CPI Confirms Inflation at 4-Decade High
Iris Energy’s December Hashrate Rises 14% as Revenue Falls Again
Two new sites in British Columbia will bring in a combined 3.9 exahash/s (EH/s) when operational, Iris Energy said. One site in Mackenzie will deliver 1.5 EH/s in 2022, with the first 0.3 EH/s expected Q2 2022, and another in Prince George will deliver 1.4 EH/s in Q3 2022, expanding to 2.4 EH/s sometime in 2023, according to the statement. Source link … [Read more...] about Iris Energy’s December Hashrate Rises 14% as Revenue Falls Again
Core Scientific Mined Over 1K Bitcoin in December, Nearly 6K in Total in 2021
Digital asset mining company Core Scientific mined a total of 1,044 bitcoin in December, taking its total for the year to 5,769.As of the end of the year, Core Scientific held 5,296 BTC (approximately $248 million at current prices), according to an announcement Wednesday.The total of 5,769 BTC in 2021 comfortably exceeds those of Bitfarms and Marathon Digital who both made … [Read more...] about Core Scientific Mined Over 1K Bitcoin in December, Nearly 6K in Total in 2021