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Nalezeno "Energy": 1445

Iris Energy to cut mining hardware after defaulting on $108M loan

22.11.2022
The Australian mining firm has had to unplug hardware that was producing "insufficient cash flow" to service its "debt financing obligations."

Startup Arkon Energy Raises $28M to Further Expand Into Bitcoin Mining

17.11.2022
The Australian company also bought Hydrokraft AS, a leading renewable energy-based data center in Norway

2 Lenders Claim Bitcoin Miner Iris Energy Defaulted on Equipment Loans Worth $103 Million

8.11.2022
Another bitcoin mining company is dealing with financial issues as Iris Energy’s Form 6-K filing with the U.S. Securities and Exchange Commission (SEC) shows the company could face default on two loans. Iris Energy’s Form 6-K filing explains to the SEC that the firm “received a notice from...

Bitcoin miner Iris Energy faces $103M default claim from creditors

7.11.2022
The company is facing a cash flow crisis due to tough market conditions

Bitcoin Miner Iris Energy Faces Default Claim on $103M of Equipment Loans

7.11.2022
The bitcoin miner will default on the loans tomorrow, unless it can reach a restructuring agreement with its lender

Why banking uses at least 56 times more energy than Bitcoin

6.11.2022
“Bitcoin uses 0.05% of world energy consumption. Banking uses 56 times more energy than Bitcoin,” Michel Khazzaka, a cybersecurity engineer and cryptographer, told Cointelegraph

Quebec's energy manager to seek government approval to stop powering crypto miners

3.11.2022
Energy provider Hydro-Québec cited the high energy demands anticipated in the Canadian winter in its reasons to reallocate 270 megawatts from crypto mining firms

Canadian Energy Provider Hydro-Quebec Proposes Stopping Electricity Supply to Blockchain Industry

3.11.2022
It asked the Canada's energy regulator to suspend the allocation of 270 megawatts already planned for mining in Quebec

Bitcoin Miner Iris Energy Defended at Compass Point After Equipment Financing Woes

3.11.2022
Iris Energy said this week that some of its mining equipment aren't producing enough cash to meet its financing obligations

Bitcoin Miner Iris Energy Says Some Machines Aren't Covering Financing Costs

2.11.2022
The machines are owned owned by special purpose vehicles that aren't guaranteed by the parent company

Record hash rates may see Big Oil become a major BTC mining player

2.11.2022
Big Oil’s influence over the Bitcoin network is growing stronger due to surging hash rates and distressed mining companies

BTC miner CleanSpark scoops up thousands of miners amid 'distressed markets'

2.11.2022
CleanSpark bought over 3,800 mining machines at $15.50 per terahash – far below the current market price of $22.94 and an 85.4% discount from the all-time high costs of $106.62 in Dec. 2021

The Merge brings down Ethereum’s network power consumption by over 99.9%

29.10.2022
Before the Merge upgrade, in 2022, the energy consumption of Ethereum ranged between 46.31 terawatt hour (TWh) per year to 93.98 TWh per year

Musk fires Twitter execs, research stirs blockchain energy debate and CFTC brass shares crypto concerns: Hodler’s Digest, Oct. 23-29

28.10.2022

Moldova Bans Cryptocurrency Mining Amid Energy Crisis Caused by War in Ukraine

28.10.2022
The government of Moldova has decided to suspend crypto mining activities in the country as it’s facing a major energy crisis. The move is part of emergency measures to reduce power consumption with energy supplies dwindling due to the escalating conflict in neighboring Ukraine. Authorities...

Aspen Creek Digital and Compass Mining to Host Thousands of Bitcoin Mining Rigs at Texas Solar Farm

26.10.2022
On October 26, the bitcoin mining operator Aspen Creek Digital Corporation (ACDC) announced that the company has commenced operations at its solar farm-powered high performance computing center (HPCC) in Texas. ACDC further detailed that the company inked a deal with the firm Compass Mining...