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Demand for Crypto Mining Rigs in Vietnam Rises With Bitcoin Prices, Report Reveals
7.9.2021
Higher cryptocurrency prices recently have restored interest in digital coin minting in Vietnam. Crypto mining is once again seen as an investment opportunity with other options being limited by the ongoing coronavirus pandemic that has been affecting the Asian country. Vietnam’s Sales...
Mining Hardware Thief Gets 3-Year Sentence in Russia
30.8.2021
Russian authorities have investigated a number of cases involving the theft of crypto mining equipment in the past months. A resident of Yaroslavl has just been found guilty of stealing mining hardware worth over $20,000 and sentenced to three years in prison. Russian Convicted of Stealing Mining...
Bitmain to Host Miners in 180-Megawatt Data Center in Kazakhstan
24.7.2021
Crypto mining hardware manufacturer Bitmain has partnered with Enegix to host Antminer S19 Pro devices in one of the world’s largest data centers. The facility located in Kazakhstan is designed to accommodate more than 50,000 mining rigs. Bitmain to Work With Mining Facility Operator Enegix...
Executives from China’s Largest Bitcoin Mining Firms Speak About Regulatory Crackdown
27.5.2021
During the course of the week, the cryptocurrency community has been focused on China and the country’s Financial Stability Board detailing that it aims to crack down on the bitcoin mining sector. Following the statements from Chinese officials and a few crypto businesses abandoning services...
Chinese Firm Bit Mining Invests $9M to Build 100 Megawatt Bitcoin Farm in Kazakhstan
26.5.2021
Shenzhen-based Bit Mining is planning to construct and operate a 100 MW crypto-mining data center in Kazakhstan. The project will be implemented in partnership with two local companies that will also provide the enterprise with an array of services. The total amount of the investment will exceed...
Evolution of Mining Equipment: From Desktops to Mining Farms
26.5.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Long gone are the days when Bitcoin mining was a lucrative hobby for cryptocurrency brainiacs. The days when a simple personal computer was sufficient enough to mine.
Over the years, Bitcoin mining...
Massive 70 MW Bitcoin Mining Rig Shipped to Russia
12.2.2021
Big moves are happening within the bitcoin mining industry in Russia. An unnamed miner sent what seems to be the largest single batch of mining equipment to the country. Delivery Took Place at the End of 2020 According to Kommersant, the unknown miner shipped almost 20,000 devices on 14 trucks...
Venezuelan Army Starts Mining Bitcoin for ‘Unblockable Income’
30.11.2020
The Venezuelan Army has inaugurated a cryptocurrency mining center with bitcoin mining equipment aimed at generating “unblockable income,” as the country attempts to bypass U.S. sanctions. The crypto mining center has the support of the country’s crypto regulator, Sunacrip....
Bitcoin Mining Equipment Maker Canaan Sets $10M Buyback Program
8.9.2020
The board of directors of bitcoin mining manufacturer Canaan approved a buyback program Monday for its lagging shares
Venezuela Seizes 315 Bitcoin Mining Rigs: Miners Discuss Illegal Confiscation, Police Extortion
9.7.2020
The Venezuelan military has seized 315 Bitmain Antminer S9 bitcoin mining rigs it claims are not properly registered to operate in the country. Although cryptocurrency mining is legal in Venezuela, miners say they have been unfairly treated, citing illegal seizures of mining equipment and police...
Bitcoin Mining Equipment Maker Ebang Files $100 Million IPO for US Stock Market Listing
26.4.2020
Bitcoin mining chip maker Ebang International Holdings Inc. is seeking to raise up to $100 million through an initial public offering (IPO) in the U.S. The Chinese company will sell Class A ordinary shares of nominal value HK$0.001 (US$0.00013) per share if its IPO filing is approved. In a filing...
This Company Sets Out to Prove Crypto Mining Has a Place in Your Home
9.1.2020
Hotmine, a company based in Ukraine which engineers home appliances for crypto enthusiasts, is not new to mining equipment development. But sometimes it takes the right time and the right technology to be able to create and offer solutions that consumers would be willing to buy and use. Thanks...
Bitcoin Mining Equipment Giant Canaan Fails to Raise USD 100 Million
21.11.2019
The second largest producer of Bitcoin mining equipment, China-based Canaan, has finally completed its initial public offering (IPO) after the third attempt, raising less than estimated.
While many have estimated that the company will raise USD 100 million at a USD 1.6 billion market...
Cryptocurrency Mining Equipment Seized by Ukrainian Authorities from Nuclear Power Plant
22.8.2019
The Ukrainian authorities have seized mining equipment for cryptocurrency from a site of the nuclear power station. As reported by the local media, SBU (the Security Service of Ukraine) has confiscated an optical fiber cable, portion of a network cable, and a media converter on 10th July 2019,...
Authorities Seize Crypto Mining Equipment from Nuclear Power Plant
21.8.2019
Two raids of the South Ukrainian Nuclear Power Plant uncovered GPUs, hard drives, and cooling equipment used to mine cryptocurrencies
Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment
12.6.2019
Pan-African insurance firm Old Mutual will not provide coverage for crypto mining equipment due to the unregulated nature of the industry
Venezuelan Mining Parts Supplier Coincoin Now Accepts Bitcoin Cash
2.6.2019
Venezuela is among those nations where cryptocurrencies enjoy faster adoption. The South American country suffers from a political and economic crisis causing hyperinflation of the national fiat, the bolivar. Coincoin, a mining equipment supplier based in Caracas, is one of many Venezuelan...