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'There's a lot less land to go around' — why White Rock established off-the-grid mining in Texas
17.8.2022
“The U.S. is where the action is in terms of markets, so we plan to be in at least another couple of states as well as Texas with some diversified offering," said CEO Andy Long
Russian Bitcoin Miners ‘Used 1.25GW’ to Power Their Rigs Last Year, Double the 2020 Total – Report
17.8.2022
Russian bitcoin (BTC) miners reportedly used a whopping 1.25 gigawatts (GW) of electrical power to fuel their activities in 2021, almost double their total for 2020 – as the industry continues to expand in the nation.
Per Novie Izvetiya, Intelion Data Systems experts calculated that altcoin mining...
Bit Mining Secures $9.3 Million Registered Direct Offering From Institutional Investors
17.8.2022
Bit Mining Limited has announced that it has entered a $9.3 million registered direct offering with specific institutional investors. Bit Mining explained that it aims to use the funds from the offering to expand infrastructure and invest in new mining machines. Bit Mining to Use Fresh Capital...
Troubled miner returns 26,000 rigs to eliminate debt
17.8.2022
The mining operator entered into a deal with NYDIG to sell rigs to alleviate $64.7 million in outstanding debt
Lido Finance Partners With KyberSwap Elastic to Enhance Liquidity on Polygon With Over $120,000 in Liquidity Mining Rewards
17.8.2022
Singapore — August 17th – Lido Finance, a giant in the Ethereum staking world, will be enhancing liquidity on Polygon with KyberSwap Elastic. Lido Finance is the largest platform for liquid staking services on Ethereum. Powering DeFi and CeFi applications alike with their technology, Lido...
For greater good: NY judge allows Celsius to mine, sell Bitcoin
17.8.2022
Chief bankruptcy judge Martin Glenn, Southern District of New York, approved Celsius’ request for running BTC mining and selling operations as a means to reinstate financial stability
Binance Obtains In-principle Approval to Operate With Cryptocurrencies in Kazakhstan
17.8.2022
Crypto exchange Binance has been granted preliminary approval to offer trading and custody services for digital assets in Kazakhstan. The exchange is yet to complete the full application process but the development has already been hailed as a landmark achievement for the company in the Central...
Bitcoin miners hodl 27% less BTC after 3 months of major selling
16.8.2022
The industry's "hodlers of last resort" have had no choice but to sell their coins, but the trend is fiercely reversing this month, data shows
PoW Miners Rake in Profits Mining ETH Until the End, Ethash Networks Expect a Boost, JPMorgan Strategists Say ETC Could Benefit
15.8.2022
In just over a month’s time, The Merge is likely to be implemented on the Ethereum blockchain and the network’s proof-of-work (PoW) miners will be forced to mine another coin. So far, it seems ethereum miners are sticking with the PoW Ethereum chain until the very end as profits have...
Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates
14.8.2022
It is illegal to buy or sell cryptocurrency in Iran, the head of the country’s monetary authority has recently reminded citizens and businesses. The governor noted, however, that mining cryptocurrencies and using them in payments for imports is not against the law in the Islamic Republic....
Bitcoin mining revenue jumps 68.6% from the lowest-earning day of 2022
13.8.2022
Since July 2022, the Bitcoin ecosystem recovered across numerous determinants, including miners’ revenue in dollars, network difficulty and hash rate
Crypto Biz: A Futurist take on crypto
12.8.2022
The 2022 Blockchain Futurist conference in Toronto, Canada wrapped up this week. DeFi and institutional adoption of crypto were high on the agenda
Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting ‘Wasted Gas to Energy at Scale’
12.8.2022
The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm Validus Power revealed it has acquired two natural gas power...
UK Financial Giant's Crypto Move, Solana's Growth, Pudgy Penguins Get Physical + More News
12.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: UK Financial Giant's Crypto Move, Solana's Growth, Pudgy Penguins Get Physical + More News
Crypto Mining Hosting Firm Applied Blockchain Adds $15M Loan to Pay Off Debt, Fund Growth
12.8.2022
The firm's North Dakota site was knocked offline in July due to an equipment failure in the substation feeding it power
Creditors Want to Pour Cold Water on Celsius’ Mined Bitcoin Sale Plans
12.8.2022
Celsius creditors want to block the bankrupt crypto lender from selling mined bitcoin (BTC) reserves – and have labeled the firm’s CEO previous attempts to reassure them as “empty and false.”
The company is filing for bankruptcy in New York, where the case is now being heard. But in a letter...
Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022
12.8.2022
This week the bitcoin mining company Genesis Digital Assets announced that the firm has secured 708 megawatts (MW) in capacity and revealed plans to create 130 full-time jobs in the United States. The chief operating officer at Genesis, Andrey Kim, said the firm has been pleased with “the...
BTC mining stocks double in a month as production ramps
12.8.2022
While Bitcoin and Ethereum prices may have climbed lately, Bitcoin mining companies have been absolutely pumping
Genesis Digital Locks In 708 MW of Energy for Bitcoin Mining
11.8.2022
The power capacity is spread across sites in west Texas, as well as North and South Carolina
Landfill Gas Mitigation Firm Vespene Energy Secures $4.3M to Bolster Gas-to-Bitcoin Solutions
11.8.2022
On August 9, a firm that uses landfill methane to fuel bitcoin miners, Vespene Energy, announced the company has raised $4.3 million in a funding round led by Polychain Capital. Vespene aims to use the funds for its pilot in California by using landfill methane to mine bitcoin and “mitigate...