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Crypto Mining Hardware Retailer Phoenix Technology Considers Public Listing in UAE
31.7.2023
Leading cryptocurrency mining hardware provider, Phoenix Technology, based in the United Arab Emirates (UAE), is reportedly in preliminary discussions to conduct an initial public offering (IPO) in the country.
As per anonymous sources cited in a Bloomberg report, the discussions are ongoing,...
Crypto Mining Crackdown in Malaysia: Sarawak Police and Energy Plant Dismantle Illegal Mining Operation
31.7.2023
A covert cryptocurrency mining operation, suspected of electricity theft, was uncovered in a Marina Square shophouse in Miri, Malaysia. Representatives from the Sarawak police and Sarawak Energy plant revealed that the successful operation was made possible by a tip-off from the public....
$20 Million Crypto Mining Farm to Be Built at Hydropower Plant in Kyrgyzstan
31.7.2023
Kyrgyzstan intends to build a new facility for cryptocurrency mining at one of the country’s hydroelectric stations. The project aims to minimize the power plant’s electricity losses by utilizing its full generating capacity that currently exceeds that of the transmission network. Kyrgyzstan...
Hydropowered crypto mining gets nod from Kyrgyz president: Report
28.7.2023
Kyrgyz President Sadyr Japarov promised to distribute money from crypto mining at the hydropower plant to “ordinary people.”
Crypto mining hardware retailer Phoenix Technology mulls IPO in UAE: Report
28.7.2023
A mainstream media report highlighted that the mining hardware firm Phoenix Technology is planning to go public in Abu Dhabi, UAE
Crypto Mining Retailer Phoenix Looks at IPO in UAE: Bloomberg
28.7.2023
The UAE-based firm is developing one of the region’s largest mining facilities
Ghost From the Well: Is Crypto Mining With Associated Gas Better for the Environment?
24.7.2023
Oil and gas companies are keen to use gas that would normally be flared off to run bitcoin mining operations. But environmentalists claim the practice merely perpetuates the use of fossil fuels
8 ways crypto mining companies can effectively embrace ESG practices
6.7.2023
Smart ESG practices can help crypto mining companies be more responsible members of the global community and attract new investors
Report: Dozens of Chinese Nationals Arrested in Libya for Operating Illegal Crypto Mining Farm
26.6.2023
Around 50 Chinese nationals have reportedly been apprehended by Libyan authorities following allegations of running a cryptocurrency mining facility within the city of Zliten, local reports detail. Cryptocurrency mining is strictly prohibited by law in Libya. Libyan law enforcement officials have...
Experts: This Is Why Russia Is Becoming a ‘Crypto Mining Hotspot’
24.6.2023
Experts have explained why Russia is reportedly becoming a crypto mining hotspot, as the nation claims its crypto mining hashrate is second only to that of the USA.
Per Finam, Nikita Zuborev, a Senior Analyst at the domestic crypto platform BestChange, said:...
Read More: Experts: This Is...
Ukrainian Investigators Find ‘Illegal Crypto Mining Farm’ at State-run Firm
21.6.2023
Ukraine’s State Bureau of Investigation says it has uncovered an illegal crypto mining farm in a state-owned enterprise in the Western region of Lviv.
In an official post, the bureau (SBI) said that the farm was being run by managers of a branch of the state-owned company Forests of Ukraine...
Russia’s Ministry of Energy Pushes to Legalize Crypto Mining
20.6.2023
Russia’s Ministry of Energy is pushing for the legalization of industrial crypto mining, and wants lawmakers to press ahead with a much-anticipated mining-related bill.
Per the Russian news agency Tass, the ministry made the comments at the weekend, during the St. Petersburg International Economic...
Hut 8 Says Repairs to Damaged Crypto Mining Equipment Are Taking Longer Than Expected
9.6.2023
The delays are impairing the miner's hashrate and bitcoin production
Deal to avoid US debt default nixes proposed 30% crypto mining tax, says Ohio lawmaker
29.5.2023
According to Representative Warren Davidson, legislation to address the U.S. debt ceiling blocks “proposed taxes,” including a 30% tax on electricity used by crypto miners
US Sen. Lummis Says President Biden Is Picking ‘Winners and Losers’ With Proposed Crypto Mining Tax
27.5.2023
The Biden administration is picking “winners and losers” in a proposal to tax cryptocurrency miners, US Sen. Cynthia Lummis said in a tweet on Thursday.
The Wyoming Republican called Biden’s proposed 30 percent tax a “blatant attempt by the administration to pick winners and losers.”
“I will...
President Biden’s Crypto Mining Tax “Isn’t Going To Happen,” Sen. Lummis Says
19.5.2023
US Sen. Cynthia Lummis is not a fan of President Biden’s proposed 30 percent tax on cryptocurrency miners.
“That isn't going to happen,” the Wyoming Republican and crypto enthusiast, said on Friday at Bitcoin 2023 Conference in Miami.
There are environmental benefits including “not venting...
U.S. Bitcoin Corp to Host 150K Crypto Mining Rigs
18.5.2023
The contracts are the latest in a series of moves indicating the mining industry is getting back on its feet
ViaBTC’s 7th Anniversary: The Evolution of Crypto Mining
17.5.2023
On January 3, 2009, Satoshi Nakamoto mined the Genesis Block on a small server in Helsinki, Finland, and received a reward of 50 bitcoins, which marks the beginning of crypto mining. From CPU to ASIC In Satoshi Nakamoto’s initial vision, BTC mining could be performed using CPUs installed...
Crypto Mining Data Center Soluna Stock Surges After $14M Investment Deal
15.5.2023
The investment includes a $2 million loan and $12 million in equity
Large Immersion Cooled Crypto Mining Farms to Extract Bitcoin in Middle East Desert
12.5.2023
A project to build two large-scale facilities for cryptocurrency mining is underway in the United Arab Emirates (UAE). The high-tech data centers will rely on a full immersion solution to cool the power-hungry miners as the desert climate renders air-cooled mining infeasible, participants said....