CleanSpark acquires 7 mining sites in Tennessee, hashrate to grow 22%
[Sep 11 7:21 PM] CleanSpark is acquiring more sites in Tennessee after buying GRIID Infrastructure's facilities there.
1 / 2 Relevant items tagged with #CryptocurrencyMining
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Bitfarms stock rises 22% after Q2 loss came out better than expectations
[Aug 9 1:39 AM] Bitfarms stock had a strong trading session on Aug. 8 amid lower-than-expected losses in its latest quarterly earnings report.
Russia Advances Cryptocurrency Mining Bill
[Jul 26 9:30 PM] Russia’s State Duma has advanced a bill to regulate cryptocurrency mining, aiming to curb illegal activities and promote investment and employment. Proposed by the chairman of the Duma Committee on Financial Markets and supported by key…
Paraguayan Senate Passes Law Imposing up to 10 Years of Jail Time on Crypto Miners for Electricity Theft
[Jul 12 1:10 PM] The Paraguayan senate has passed a series of reforms that changed penalties for energy and cryptocurrency mining-related energy theft. Now, individuals and companies found to be stealing energy for cryptocurrency mining activities will face jail…
Corruption in Paraguay: Senator States Illegal Bitcoin Mining Farms Pay up to $500,000 to Operate Underground
[Jul 5 8:30 PM] Salyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin mining farms for operating underground. Buzarquis stated these unnamed officials…
Marathon Digital Reports Increase in Hashrate, Holds 18,536 BTC
[Jul 3 11:20 AM] Marathon Digital Holdings, Inc. released its unaudited bitcoin production and miner installation updates for June 2024. The company’s operational hashrate increased slightly, and its bitcoin holdings reached 18,536 BTC. Marathon Digital…
Hong Kong Professor: China’s Crypto Mining Ban Shifts Businesses to US
[Jul 3 12:17 AM] Professor Wang Yang, vice president for institutional advancement and chair professor at the Department of Mathematics at the Hong Kong University of Science and Technology (HKUST), criticized China’s cryptocurrency mining ban during a panel…
Marathon Digital Expands Mining Operations to Include Kaspa
[Jun 27 12:06 PM] Marathon Digital Holdings Inc. has diversified its mining activities by adding kaspa (KAS), a proof-of-work digital asset, to its portfolio. The initiative has already yielded significant results, with the company mining 93 million KAS, valued at…
Indiana vows outage-free energy for crypto miners, data centers
[Jun 11 4:02 AM] Indiana plans to become a hub for the data center and crypto mining industries by promising uninterrupted, low-cost energy.
Riot Platforms proposes $950M buyout for Bitfarms amid CEO dispute
[May 28 12:17 PM] The hostile offer comes after a private offer to the board was rejected in April.
Expert Says Peer-to-Peer Nature of Crypto Activity Renders China’s Ban Ineffective
[May 26 4:26 AM] Continuing raids in China on alleged underground gangs using cryptocurrency to facilitate foreign exchange transactions underscore the ineffectiveness of the Asian nation’s 2021 ban on crypto trading. Chengyi Ong, head of policy for the…
Marathon Digital Inks Renewable Energy Deal With Kenya; Crypto Miner to Invest $80M
[May 26 12:20 AM] Marathon Digital Holdings and the Kenyan Ministry of Energy and Petroleum recently signed an agreement which sees the crypto mining firm committing to invest $80 million in Kenya’s digital infrastructure. Following the memorandum of understanding…
Venezuelan Authorities Announce Bitcoin Mining Ban, Confiscate Over 11,000 Miners to Face the Nation’s Energy Crisis
[May 19 1:07 PM] The Venezuelan National Power Ministry announced a special operation to disconnect all bitcoin mining farms from the grid. Authorities have seized over 11,000 bitcoin miners as the government seeks to reduce the power usage from high-power…
SEC tries again for Debt Box suit dismissal with option to refile
[May 14 3:33 PM] The SEC says case dismissal without prejudice is “normally granted” when a plaintiff requests it, but the court has criticized the agency’s current suit.
Foundry to Isolate and Monetize Bitcoin Halving’s ‘Epic Satoshi,’ Distributing Earnings Among Pool Members
Latam Insights: Bitcoin Hurts El Salvador Credit Opportunities, Paraguay Supports Selling Power to Crypto Miners
Russia to Clarify Cryptocurrency Mining Gray Areas, Including Payments
[Mar 27 2:00 AM] Anton Siluanov, the finance minister of Russia, is prepared to discuss the gray areas surrounding cryptocurrency mining and the use of its proceeding for payments. In a recent lecture, Siluanov stated that the government needed to agree “on…
Bitdeer to Boost BTC Mining Capacity With Proprietary Sealminer A1 Rigs, Eyeing 46 EH/S Milestone by 2025
[Mar 26 9:30 AM] The Nasdaq-traded company specializing in bitcoin mining, Bitdeer, has unveiled its strategy to boost its overall hashrate by an additional 3.4 exahash per second (EH/s) through the deployment of its proprietary Sealminer A1 mining devices. These…
Paraguay to Strengthen Measures to Fight Illegal Cryptocurrency Mining
[Mar 26 5:30 AM] The Government of Paraguay will strengthen the measures directed to combat the illegal cryptocurrency mining operations in the country. In a recent meeting, ANDE, the National Power Administration, the Supreme Court, and the Department of Justice…
Greenpeace’s Anti-Bitcoin “Mining for Power” Report Receives Fierce Backlash on X
Bitcoin Miner Bitdeer Says It Has Launched Its ‘First Cryptocurrency Mining Chip’
Latam Insights: Argentina’s Milei States Dollarization Is Close, Bitfarms Expands In Paraguay
[Jan 28 11:30 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine President Javier Milei reiterates dollarization is near, Bitfarms announces a new site in…
Government of Russia Eyes Commodity-Like Crypto Exports
[Dec 15, 2023 11:30 PM] The government of Russia might allow crypto miners to sell their cryptocurrency like other exports such as gas. Ivan Chebeskov, deputy minister of finance, specified that this option was part of a bill to legalize cryptocurrency mining introduced…
Cornell Study: Bitcoin Can Power Renewable Energy Deployments and Climate Action
[Dec 2, 2023 3:00 AM] A recent study led by investigators from Cornell University has outlined how Bitcoin can help finance renewable energy installations by using surplus power even while these facilities are not yet integrated into the U.S. power grid. Texas is said…
Bitcoin Mining Company Hut 8 to Bid for Natural Gas Power Plants and Bitcoin Facility
Latam Insights: Bitcoin Farm Found at Venezuelan Jail, Bill Protecting Crypto From Seizure Advances in Brazil
[Sep 25, 2023 5:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: a Bitcoin mining farm is discovered during a raid on a Venezuelan jail, a bill that protects crypto from…
‘What Is an NFT’ the Most Searched for Crypto-Related Phrase in the US — Study
Environmentalists Rally Against Crypto Mining Facility Renewal in New York, Citing Climate Concerns
[Sep 11, 2023 4:00 AM] Environmental advocates are redoubling their efforts to persuade New York officials to decline an air permit renewal for a cryptocurrency mining facility in North Tonawanda. They assert that the operation imperils residents’ quality of life…
Bitmain’s Upcoming Monero ASIC Miner Sparks Anxious Buzz Within XMR Community
[Aug 27, 2023 5:30 PM] In an announcement on Sunday, cryptocurrency mining rig manufacturer Bitmain revealed its intention to sell a machine designed for mining the digital currency monero (XMR). The machine boasts a hashrate of 212 kilohash per second (KH/s), and the…
Report: Dozens of Chinese Nationals Arrested in Libya for Operating Illegal Crypto Mining Farm
[Jun 26, 2023 12:30 AM] Around 50 Chinese nationals have reportedly been apprehended by Libyan authorities following allegations of running a cryptocurrency mining facility within the city of Zliten, local reports detail. Cryptocurrency mining is strictly prohibited by…