3 / 7 Relevant items tagged with #CryptoMining
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Australian Regulator Initiates Civil Proceedings Against Three Cryptocurrency Investment Firms
[Apr 15, 2024 2:34 AM] The Australian Securities Regulator has launched civil proceedings against three cryptocurrency firms. These firms are accused of convincing investors to purchase investment packages using self-regulated superannuation funds. The regulator stated…
A Single Custodian Oversees Nearly Half of Bitcoin’s Block Rewards
[Apr 12, 2024 3:32 PM] Onchain data indicates that a single custodian now manages the coinbase addresses for at least nine prominent mining pools, which collectively account for 47% of Bitcoin’s total hashrate. The analysis shows that substantial miners’…
Auradine Secures $80 Million in Series B to Accelerate Bitcoin Mining Rig Production
[Apr 10, 2024 3:30 PM] On April 10, the bitcoin mining rig producer Auradine revealed it had secured an $80 million investment in a Series B funding round. Additionally, the company highlighted that it has also achieved $80 million in bookings. Auradine Raises $80…
Latam Insights: Paraguay Targets Bitcoin Miners, Brazil Mulls Crypto Taxation Changes
[Apr 7, 2024 9:42 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguayan lawmakers introduce a bill to ban cryptocurrency mining, Brazil to change crypto taxation…
Bitcoin Miner Bitdeer Seeks $100 Million for Mining Capacity Expansion
[Mar 28, 2024 5:30 AM] Bitcoin miner Bitdeer is reportedly in discussions with private credit firms to secure $100 million in funding to expand its mining capacity. It is believed that the cryptocurrency miner has engaged a financial adviser to assist with the…
Texas Blockchain Council and Riot Secure Legal Victory in Bitcoin Mining Data Collection Lawsuit
[Mar 3, 2024 3:30 AM] In a landmark ruling, the Texas Blockchain Council (TBC) and Riot Platforms Inc. have triumphed in their lawsuit against the Biden administration, successfully halting the data collection efforts on bitcoin mining operations. TBC and Riot Platforms…
Legal Action Forces US Energy Department to Suspend Crypto Mining Investigation
[Feb 24, 2024 3:30 PM] Following legal action initiated by Riot Platforms and the Texas Blockchain Council against the U.S. Department of Energy (DOE), the department’s statistical branch, the Energy Information Administration (EIA), has put a temporary hold on its…
Riot and Texas Blockchain Council Challenge US Government’s Bitcoin Mining Data Request in Court
[Feb 23, 2024 9:00 AM] The publicly listed mining firm Riot Platforms and the Texas Blockchain Council have initiated legal proceedings against the U.S. Department of Energy (DOE) and other federal entities, aiming to obstruct what they deem an unauthorized data…
Green Bitcoin: Sustainable Energy Usage Surges To Record 55% High
[Feb 22, 2024 9:00 AM] Bitcoin, the enigmatic cryptocurrency known for its volatile price swings and digital gold status, is making a surprising play for a new title: sustainability champion. A recent analysis by Bitcoin environmental impact expert Daniel Batten reveals…
Tecpetrol Raises Crude Oil Production Fivefold With Crypto Mining In Argentina
[Feb 8, 2024 6:30 PM] Tecpetrol, an Argentina-based oil and gas company, has reported the benefits of including crypto mining operations in its oil explorative activities. According to Tecpetrol CEO Ricardo Markous, including on-site vented gas generators to mine…
Blockchain Advocacy Groups Slam EIA’s ‘Politically Motivated’ Inquiry Into US Crypto Mining
[Feb 8, 2024 1:30 PM] After the U.S. Energy Information Administration (EIA) declared its intention to launch an urgent inquiry into the power consumption of cryptocurrency mining within the nation, two blockchain advocacy organizations have labeled the move as a…
British Columbia Court Backs Ban on Crypto Mining in Canadian Province
[Feb 6, 2024 12:22 AM] Conifex, a B.C.-based cryptocurrency mining company, challenged B.C. Hydro's 18-month moratorium on mining.
Criminals Behind $2M School Theft Admit Guilt: Crypto Mining Scheme Uncovered
[Feb 2, 2024 7:00 PM] In recent developments, two California school district officials have admitted guilty to stealing up to $1.8 million and misappropriating electricity to finance and operate a clandestine crypto-mining operation. The United States Department of…
EIA Launches ‘Emergency Survey’ on Crypto Mining’s Power Use Amid Concerns of Alleged ‘Public Harm’
[Feb 1, 2024 10:30 AM] The U.S. Energy Information Administration (EIA) has gained clearance from the Office of Management and Budget (OMB) to conduct an urgent survey regarding electricity usage by cryptocurrency mining firms across the U.S. The EIA submitted this…
Estonian Government Approves Extradition of Crypto-Fraud Accused Duo to the US, Again
[Jan 27, 2024 4:30 AM] The Estonian government has once again approved the extradition of the two alleged masterminds behind the Hashflare crypto mining Ponzi scheme to the United States. According to a local news report, the government has met the conditions for the…
Bitcoin Mining Rig Manufacturer Canaan Raises $50 Million Through Preferred Shares Sale
[Jan 25, 2024 10:30 AM] In a recent disclosure to the U.S. Securities and Exchange Commission (SEC), Canaan, a publicly traded manufacturer of bitcoin mining rigs, announced it has secured $50 million through the sale of preferred shares. This follows a successful…
Iris Energy Boosts Bitcoin Mining Capacity to 6 EH/s, Eyes 20 EH/s Milestone by H2 2024
[Jan 23, 2024 1:30 PM] According to an announcement from the publicly-listed bitcoin miner Iris Energy, the mining operation has increased its operating capacity to 6 exahash per second (EH/s) and expects an additional 4 EH/s to be online by the first half of 2024. Iris…
Ukrainian Police Collaborate With Europol to Apprehend Alleged Cryptojacking Mastermind
[Jan 16, 2024 1:00 AM] The Ukrainian police, in collaboration with Europol, recently apprehended the alleged mastermind behind a cryptojacking scheme. According to a statement released by Europol, the arrest underscores why the private sector should collaborate with law…
Cipher Mining Bolsters Operations With 16,700 Bitcoin Miners From Canaan
[Jan 5, 2024 1:00 AM] The Nasdaq-traded mining company Cipher Mining unveiled plans to expand its Bear LLC and Chief Mountain LLC projects, revealing the acquisition of 2.5 exahash per second (EH/s) of Canaan-crafted application-specific integrated circuit (ASIC)…
Unlimited Innovations vs. 2,500 Swimming Pools — AI Faces Similar Environmental Backlash as Bitcoin Mining
[Dec 29, 2023 4:30 PM] In recent years, attention has centered on bitcoin mining, particularly its energy usage in securing the network and validating transactions through proof-of-work (PoW). As generative artificial intelligence (AI) emerges as a major force in…
Angolan National Assembly Approves Crypto Law to Safeguard ‘Monetary Sovereignty’
Bitcoin’s Hashrate Hits Historic 527 EH/s Lifetime Peak, Shattering Previous Records
Bitcoin Miner Marathon Acquires 2 High-Capacity Mining Facilities for $178.6M
[Dec 19, 2023 11:00 PM] On Tuesday, Marathon Digital Holdings, a leading bitcoin mining company listed on public markets, revealed its acquisition of two fully operational bitcoin mining facilities, representing a combined capacity of 390 megawatts (MW). For these…
Cipher Mining Enhances Bitcoin ASIC Fleet With 7.1 EH/s Bitmain Deal
[Dec 18, 2023 4:00 PM] On Monday, Cipher Mining revealed its acquisition of 7.1 exahash per second (EH/s) in new mining equipment from Bitmain. The company invested in Bitmain’s T21 series miners, totaling a purchase price of $99.5 million. Cipher Mining’s…
Echoes of 2013: Bitcoin Mining Concentration Reaches Decade-High Levels
[Dec 16, 2023 1:00 PM] In the past 72 hours, Antpool has dominated 26.48% of Bitcoin’s overall hashrate, closely followed by Foundry USA at 24.95%. Together, these two mining pools wield 51.43% of the prevailing 502 exahash per second (EH/s) total hashrate. This…
Australian Bitcoin Miner Iris Energy Set to Acquire 8,380 New-Generation T21 Miners
[Dec 16, 2023 1:00 AM] Bitcoin mining company Iris Energy Limited said on Dec. 15 that it expects to take delivery of 8,380 new-generation T21 miners from Bitmain. Delivery of the mining machines is expected to help Iris Energy fulfill its goal of increasing its…
Bitcoin Miner Hive Diversifies Into AI, Acquires 96 Nvidia GPUs to Boost High-Performance Computing Operations
[Dec 15, 2023 4:00 PM] On Friday, Hive Digital, based in Vancouver and specializing in bitcoin mining and high-performance computing (HPC), announced its foray into artificial intelligence (AI) and HPC technologies. This strategic move involves acquiring 96 Nvidia H100…
How To Mine Bitcoin And Crypto | Guide
[Dec 9, 2023 9:00 AM] Mining Bitcoin is the cornerstone of the BTC network, providing both security and new Bitcoins into circulation. This essential process involves powerful computers solving complex mathematical problems to validate transactions on the network. As a…
UAE Bitcoin Miner Signs Order Worth Over $380 Million With Microbt
[Dec 8, 2023 1:00 AM] United Arab Emirates-based bitcoin miner Phoenix Group PLC has signed an order worth more than $380 million with Whatsminer mining rig maker Microbt. Bijan Alizadehfard described the collaboration with Microbt as a reflection of his company’s…