Does shell offer lubricant & cooling solutions to bitcoin miners?

One of the largest oil and gas companies in the world, Shell, aims to offer its lubricant and cooling solutions to Bitcoin (BTC) miners. The giant will sponsor the 2023 and 2024 Bitcoin Conferences, as it signed a two-year partnership with Bitcoin Magazine, the event's organizer.

What is bitcoin mining?

Bitcoin mining is the process by which new bitcoins are entered into circulation. It is also the way the network confirms new transactions and is a critical component of the blockchain ledger's maintenance and development. "Mining" is performed using sophisticated hardware that solves an extremely complex computational math problem.

What happened to bitcoin mining stocks in September 2023?

Shares of many Bitcoin(CRYPTO: BTC) mining stocks crashed hard in September 2023, according to data from S&P Global Market Intelligence. Riot Platforms(NASDAQ: RIOT) lost 17.8%, Cleanspark(NASDAQ: CLSK) stock fell 22.7%, and Marathon Digital 's (NASDAQ: MARA) shares dropped 33.4%.

How many Bitcoins did marathon mine without selling?

Marathon mined 1,062 digital coins without selling any, and also issued 31.7 million new shares to cancel $417 million of its convertible notes debt. Bitcoin mining companies may look similar to the uninitiated, but each one runs its mining process on distinctly different principles.