Crypto News

Self-Mining Capacity Boost What is Self-Mining? Self-mining is the process of a cryptocurrency company using their own mining hardware to mine for new coins. This allows the company to generate their own coins without having to rely on purchasing them from exchanges. This can be a lucrative strategy, especially during times of high market demand for the currency. IREN's Self-Mining Growth During the previous quarter, IREN announced a plan to increase their self-mining capacity from 5.6 EH/s to 10 EH/s. This was a significant boost, nearly doubling their capacity. This investment paid off as IREN was able to generate a record 4,191 BTC during the period. This is a strong indicator of the company's commitment to growing their own mining capabilities and their confidence in the future demand for their cryptocurrency. Crypto Tickers and Trending Hashtags As IREN's self-mining capacity and BTC generation continue to grow, they have caught the attention of the crypto ...