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Texas Issues Emergency Cease and Desist Against Arkbit’s Crypto Operations


The Texas State Securities Board has issued an Emergency Cease and Desist Order against Arkbit Capital and its affiliates, Arkbit Capital Holdings, ABC Holdings LLC, and ABC Mining. These companies were found operating a fraudulent MLM cryptocurrency investment scheme. Promising daily returns...

Texas Regulator Orders Arkbit Crypto Mining To Shut Down


A phoney Arkbit cryptocurrency cloud mining enterprise has suffered a significant setback at the hands of the Texas State Securities Board. A cease-and-desist order was issued by the SEC on May 28 against Arkbit Capital for allegedly using dishonest tactics to commit an investment fraud. The post...

Northern Data’s Peak Mining Acquires Second 300-Megawatt Site in Texas


According to Peak Mining, a subsidiary of the German bitcoin mining and infrastructure firm Northern Data, the company has announced the purchase of a 300-megawatt ERCOT-approved site in Corpus Christi, Texas. The site is adjacent to another location acquired by the firm in December 2023. Peak...

Video Game Adaptations Keep Coming As A Hit Indie Shooter Gets A Movie


El Paso, Elsewhere, an indie third-person neo-noir shooter heavily inspired by Max Payne, is the latest video game getting a Hollywood adaptation. And while it’s surprising to see a smaller, indie game get a movie, El Paso, Elsewhere is a perfect candidate for a film adaptation. Read more

Texas Crypto Mining Firm Giga Energy Expands Operations to Argentina


Texas-based cryptocurrency mining firm Giga Energy has expanded its operations to Argentina following its expansion across the U.S. and into Shanghai, tapping into the gas flaring trend. The post Texas Crypto Mining Firm Giga Energy Expands Operations to Argentina appeared first on Cryptonews

DOJ Charges Texas Man for Orchestrating $10 Million Meta-1 Coin Scam


Texas resident Robert Dunlap has been arrested on federal mail fraud charges in connection with the “Meta-1 Coin” scam that saw investors drained of over $10 million, the Department of Justice reveals. The alleged fraudster had claimed the token was backed by $44 billion in gold and priceless...

Marathon Digital Expands Bitcoin Mining Presence with Texas Acquisition


On March 15, Applied Digital announced that it had concluded the sale of its 200-megawatt (MW) Bitcoin mining facility to Marathon Digital Holdings for $87.3 million. The second quarter of 2024 is the expected date of completion of the deal. The post Marathon Digital Expands Bitcoin Mining Presence...

Marathon to Acquire Applied Digital’s 200 MW Texas Bitcoin Mining Site


The Nasdaq-listed mining enterprise Applied Digital has concluded a definitive pact for selling its 200-megawatt (MW) mining facility in Garden City, Texas. Applied Digital disclosed that the transaction involves Marathon Digital Holdings acquiring the Garden City mining property for a sum of $87.3...

EIA Agrees to Wipe Out Prior Bitcoin Mining Survey Data, Plans Fresh Study


The US Energy Information Administration (EIA) has agreed to discard any data it already collected in response to its emergency Bitcoin mining survey, court documents filed Friday showed. The post EIA Agrees to Wipe Out Prior Bitcoin Mining Survey Data, Plans Fresh Study appeared first on Cryptonews

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