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EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy
19.10.2022
Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying to lower. New energy efficiency labeling is to address the growing electricity usage in the crypto...
How to build a cryptocurrency mining rig
18.10.2022
Building a crypto mining rig involves a lot of different parts — here’s how to get started
Binance to Offer $500 Million Worth of Loans to Crypto Mining Industry
16.10.2022
Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unveiled that Binance Pool intends to launch cloud mining products. Leading Exchange Binance Looking...
US Lawmakers Send Inquiry to ERCOT CEO Over Texas Crypto Mining and Its Effects on the So-Called Climate Crisis
13.10.2022
A number of Democratic U.S. policymakers have written a letter to the CEO of the Electric Reliability Council of Texas (ERCOT) in order to inquire about the cryptocurrency mining operations in the state. The letter that stems from senator Elizabeth Warren’s office says that the lawmakers...
Draft Law Seeks to Oblige Kazakhstan’s Crypto Miners to Exchange Bulk of Income in Country
13.10.2022
Cryptocurrency miners in Kazakhstan are to be required to convert up to three quarters of their income on locally registered exchanges, according to a new bill that’s advancing in the nation’s legislature. Lawmakers also want to make sure crypto companies pay their taxes and fees. Parliament...
Argentinian Tax Authority Strengthens Crackdown on Illegal Crypto Miners
13.10.2022
Argentina’s tax body has bolstered its ongoing crackdown on crypto miners who do not declare their operations – and looks set to make good on the government’s pledge to ensure that all crypto-related activity in the nation is taxed....
Read More: Argentinian Tax Authority Strengthens Crackdown...
Further BTC mining consolidation as Crusoe acquires peer mining firm
13.10.2022
Crusoe Energy Systems has just acquired the operating assets of Great American Mining, a sign that further consolidation could be ahead
Gas-to-Bitcoin Firm Crusoe Energy Acquires the Operating Assets of Great American Mining
13.10.2022
The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy announced on Wednesday that it acquired the operating assets of Great American Mining (GAM). The acquisition gives Crusoe over 10 megawatts (MW) of mining capacity and 4,000 ASIC mining rigs. Digital Flare Mitigation Firm Crusoe...
Bitcoin Miner Cleanspark Completes Sandersville Facility Acquisition, Firm’s Hashrate Now 4.7 Exahash
12.10.2022
On October 11, the publicly-listed bitcoin miner Cleanspark announced that it has completed the acquisition of Mawson Infrastructure Group’s Georgia-based bitcoin mining facility. Following the acquisition, Cleanspark says it now manages 220 megawatts (MW) of bitcoin miners with a hashrate...
Norway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners
8.10.2022
The Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says conditions have changed and the country needs the energy currently used by miners. Mining Firms...
Bitcoin Miner Greenidge Seeks to Raise $22.8 Million in Class A Common Stock Proposal
7.10.2022
The bitcoin mining operation Greenidge Generation is seeking to raise roughly $22.8 million, according to a U.S.Securities and Exchange Commission (SEC) filing published Wednesday. According to the prospectus disclosing information, the New York-based Greenidge conducted a sales agreement with...
Marathon reports $80M exposure to bankrupt mining firm
7.10.2022
Marathon has outlined that at this stage its operations hosted by Compute North will continue to operate as usual, and highlighted an improved BTC mining production in Q3
Russia Supplying Kazakhstan with Electricity for Cryptocurrency Miners
2.10.2022
Russia is looking to bolster Kazakhstan's energy demands in an amendment of the partnership between the two nations, as a means to provide electricity to miners within the former Soviet republic member state. The move comes amidst growing demand for electricity by crypto miners in Kazakhstan,...
Uzbekistan Introduces Monthly Fees for Cryptocurrency Companies
2.10.2022
Crypto firms in Uzbekistan will have to pay fees to the state under new legislation proposed by regulators. The charges vary depending on the business activity and can reach $11,000 a month in the case of digital asset exchanges. Failure to pay will result in license suspension. Crypto Operators...
Bill Aims to Limit Crypto Mining in Kazakhstan Only to Registered Companies
1.10.2022
New legislation proposed in the parliament of Kazakhstan will allow only authorized miners to mint digital currency, if adopted. The draft has been designed to comprehensively regulate the industry and reduce what its sponsors label as uncontrolled consumption of electricity in the sector....
Russia to Supply Electricity to Kazakhstan’s Cryptocurrency Miners
1.10.2022
Russia is preparing to provide Kazakhstan with additional energy needed to operate crypto mining farms in the Central Asian nation. New arrangements will allow Kazakhstan’s miners to buy electricity directly from the Russian power generation and distribution giant Inter RAO. Miners...
SAI Tech Reveals 2 New Liquid Cooling Bitcoin Mining Containers Built for Overclocking Flexibility
29.9.2022
On September 28, the bitcoin mining operator and clean-technology company, SAI Tech, announced the launch of two liquid cooling bitcoin mining infrastructure products called the Tankbox and Rackbox. The two new models join the firm’s SAIHUB Box and feature plate cooling and immersion cooling...
Russia Said to Allow Crypto Mining in Regions With Hydroelectric and Nuclear Power
29.9.2022
Cryptocurrency mining should be allowed in areas with excess energy and prohibited in those that experience deficits, according to Russian officials preparing to legalize it. An expert from the crypto industry has recently marked the regions where Moscow is likely to authorize mining and the ones...
Jihan Wu-Backed Crypto Miner Bitdeer Acquires ‘Singapore’s Fort Knox’ for $28.4 Million
26.9.2022
Sources have disclosed that the digital currency mining operation, Bitdeer Technologies, has purchased a high-security storage and display facility in Singapore called Le Freeport for $28.4 million. Bitdeer’s chairman, Jihan Wu, confirmed the vault acquisition via a text message following...
What is a cryptocurrency mining pool?
24.9.2022
A fraternity-based approach to mine crypto, mining pools let miners combine their computational resources for a better chance to win rewards