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Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG


The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per second (EH/s) of Greenidge’s mining capacity...

Russian Energy Companies Crack Down on Domestic Crypto Miners


Russian energy providers are hunting illegal crypto miners who plying their trade from home, the government has said. Per Izvestia, the Deputy Energy Minister Pavel Snikkars stated that some “home”-based miners have successfully changed the load profile of their electrical connections – allowing...

Russia Cracking Down on Crypto Miners Minting in Residential Areas


Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates. Amateur Crypto...

Constant Blackouts Have Ruined Cryptocurrency Mining Investments in Cuba


Several small investors have manifested that the constant blackouts in several parts of Cuba have made cryptocurrency mining unsustainable, leaving them unable to operate their rigs. The blackouts also affect telecommunications, leaving some of these operations that rely on off-grid power plants...

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