BIT Mining has reported this incident to authorities in Shenzhen, China, who are investigating the incident and collecting more evidence. BTC.com, one of the largest crypto mining pools, suffered a ma...
Tag: Mining
Galaxy to acquire Helios Bitcoin mining facility from Argo Blockchain
Galaxy Digital Holdings Ltd. (TSX: GLXY), a leading digital asset focused financial services and investment management firm, is poised to acquire the Helios facility from cryptocurrency mining giant A...
Argo Blockchain to sell Helios mining facility to Galaxy Digital
Bitcoin miner Argo Blockchain agreed to sell its Helios mining facility to Galaxy Digital for $65 million. The company has been trying to avoid bankruptcy as it struggles with cash flow issues ...
Publicly-Listed Bitcoin Miner Argo Blockchain Suspends Nasdaq Trading – Mining Bitcoin News
Bitcoin miner Argo Blockchain announced that it requested the suspension of trading its company shares on Dec. 27, as the company expects to make an announcement on Wednesday, Dec. 28, 2022. The compa...
Why The Bitcoin Mining Hashrate May Not Be Out Of The Woods Just Yet
The bitcoin mining hashrate took a sharp nosedive as a historical storm tore through multiple US states. This saw power grids consolidate power to be able to provide enough energy for residents to hea...
Bitcoin Mining Firm Agro Blockchain Halts Operations For 24 Hours
Bitcoin News The corporation said that it has sought a 24-hour trading halt with the United States. The bitcoin mining company did not file for bankruptcy and is instead reorganizing. Agro Blockchain,...
Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack – Mining Bitcoin News
A major cryptocurrency mining pool has been hit by hackers earlier this month, the company who owns the pool revealed in an announcement. The incident resulted in the theft of digital assets belonging...
Crypto Mining Bill Proposal Postponed by Russian Parliament
2 hours ago | 2 mins read Bitcoin News The measure was introduced to Russia’s State Duma in November. Most Russian authorities continue to oppose legalizing cryptocurrencies. State Duma members will c...
A subsidiary of BIT Mining Limited encounters a cyberattack
BTC.com, which happens to be a subsidiary of BIT Mining Limited, encountered one of the biggest fear factors of any company, a cyberattack. This occurrence took place on the 3rd of December, 2022. In ...
Bitcoin Hashrate Recovers After Big Chill Cripples Mining
After falling nearly 40% to 170.60 EH/s, Bitcoin’s network hash rate has recovered, rising to 241.29 EH/s. The hash rate had fallen from a weekly peak of 276.40 EH/s. The drop was attributed to bone-...
BIT Mining subsidiary BTC.com loses $3m to cyber attack
A parent company of bitcoin mining pool and blockchain browser BTC.com admits being hacked in December, losing millions to the attack. Crypto mining firm BIT Mining has revealed that its subsidiary, B...
Cybercriminals Steal $3M From Crypto Mining Pool BTC.com
8 seconds ago | 2 mins read Bitcoin News Client funds of $700,000 and corporate funds to the tune of $2.3 million were stolen. BTC.com allows users to mine several cryptocurrencies, such as Bitcoin an...
Bitcoin Mining Pool BTC.com Suffers Cyber Attack, $700K Stolen
Cybercrimes are increasing both in numbers and sophistication. The latest to find itself on the receiving end was the Bitcoin mining pool, BTC.com, which announced suffering a cyber attack on December...
BTC.com parent BIT Mining hacked, $3 million in assets taken
BTC.com parent company BIT Mining Limited said it was hacked earlier this month, with about $700,000 in client assets and $2.3 million in company assets stolen. The publicly-traded firm said it ...
Bitcoin mining pool BTC.com was hacked earlier this month
The Bitcoin mining pool known as BTC.com has revealed that it was the target of a cyberattack on December 3, 2022. During the incident, a number of digital assets were taken, the value of which was ro...
Bitcoin mining pool BTC.com reports $3M cyberattack
Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of funds by the company and its customers. BTC.com experienced a cyberattack on Dec. 3, with attacke...
BIT Mining subsidiary loses $3M to cyberattack
Crypto mining firm BIT Mining said its subsidiary BTC.com lost $3 million worth of digital assets to a cyberattack on Dec. 3, according to a Dec. 26 statement. BIT Mining wrote that $700,000 of the st...
Bitcoin Mining Companies Lost $4 Billion in 2022
Join Our Telegram channel to stay up to date on breaking news coverage Despite a $72 million rescue offer from creditors, concerns have been raised about the general viability of the Bitcoin trading c...
BTC block time reaches yearly high as mining hash rate plunges amid arctic blast
The arctic blast in the US has already claimed at least 22 lives and temperatures could dip dangerously below freezing levels. Amid the extreme weather conditions, several Bitcoin (BTC) miners have vo...
What Is Bitcoin Mining? – The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News
The word mining came into existence long back and, at that time, was not classified because that meant digging natural resources and using them further for a wide variety of work. But after the deve...
Bitcoin mining hash rate plummets amid US winter storm
Today, the bitcoin mining hash rate has significantly dropped from 230 EH/s to 156 EH/s. The current winter storm has presented a distinct set of difficulties for US bitcoin miners. Winter storm distr...
From HODler Confidence to Mining Transformation
2022 has been a brutal year for the crypto investors market by the harsh crypto winter. It all started with the collapse of the TerraUSD algorithmic stablecoin, which prompted other major crypto playe...
Thai police raids crypto mining farm that stole $30K worth of electricity
The police in Nang Rong have discovered a two-story building used for crypto mining. The farm stole over $30,000 worth of electricity in the last nine months. The police unit of the southwestern Thai ...
Bitcoin mining hashrate declines more than 30% amid America’s big winter storm
The continuing blizzard in the U.S. has had a drastic impact on bitcoin miners, causing many of them to shut down. A major shake-up is happening on the Bitcoin network with the hashrate — a mea...
The reason Russia’s crypto mining bill keeps getting delayed
On Dec. 23, Anatoly Aksakov, Russia’s congressional finance committee chairman, stated at a press conference in TASS that Russia’s law on cryptocurrency mining regulation is being postponed due to fea...
Vale: Mining a Stock With Long-Term Promise
Vale S.A. (VALE) is a Brazil-based miner of nickel and other key metals and minerals (iron ore and pellets, nickel, manganese ore, copper, ferroalloys, metallurgical and thermal coal, copper and cobal...
Policymakers in Russia postpone debating cryptocurrency mining bill
The Russian Parliament is delaying the passing of the recently proposed crypto mining bill, citing capital flight risks. Regulation on crypto mining stalled over capital flight fears Despite initia...
Bitcoin mining companies close out year $4 billion in debt: Report
Public Bitcoin mining firms have struggled under the weight of a year-long bear market and are set to end 2022 with a collective debt profile of more than $4 billion, according to a report by Hashrate...
Public Bitcoin mining companies plagued with $4B of collective debt
The recent bankruptcy filing of Bitcoin (BTC) miner Core Scientific despite a $72M relief offer from creditors raised questions about the overall health of the bitcoin mining community amid a prolonge...