Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going to vote on the proposal in December. The bill is expected to set the rules for ...
Tag: Mining
Public BTC mining companies face $4B in liabilities, Core Scientific leads the pack
Public Bitcoin (BTC) mining companies collectively have liabilities that amass to over $4 billion, according to Hashrate Index. Owing the most in liabilities, Core Scientific debt sat at approximately...
Russia’s crypto mining bill could be finalized in January 2023
Russia’s cryptocurrency mining bill, which would legalize crypto mining and the sale of mined crypto, could be approved by January, according to a report by local news agency Tass on Dec. 23. The bill...
Blockware Customer Accuses Bitcoin Mining Firm of Fraud
The case, filed in U.S. federal court in the Northern District of Illinois on Dec. 17, centers around an allegation that Blockware sold Faes & Co. 50 mining rigs for $525,000. But, Faes said in th...
Mining Industry Boosts Third Quarter Economic Growth In Several States
Two workers with helmet and protective suit using drill-machines in an underground enviroment getty Many economists are predicting a recession in 2023 due to the Fed’s rate hikes to slow inflation, le...
Bitcoin Miners Discovered 53,240 Blocks This Year, Foundry Led the Pack, Hashrate Tapped an All-Time High – Mining Bitcoin News
As the new year approaches, more than a dozen bitcoin mining pools still dedicate a total of 238 exahash per second (EH/s) toward the Bitcoin blockchain in order to secure the network and reap mining ...
Buenos Aires plans to tax crypto mining activities in 2023
A province in Argentina, Buenos Aires, will begin taxing cryptocurrency mining activities and probably staking in 2023. A new proposal introduced by the government stated that cryptocurrency mining wo...
Buenos Aires to Tax Cryptocurrency Mining in 2023 – Regulation Bitcoin News
The province of Buenos Aires in Argentina will begin taxing cryptocurrency mining and possibly staking, in 2023. A new proposal modifies the tax law to introduce cryptocurrency mining as a taxable act...
Will Bitcoin [BTC] mining see a resurgence? This new data suggests…
Bitmain’s mining rigs sell out in under 27 seconds, however, volatility persists in terms of mining revenue. Retail investors show faith in Bitcoin, as traders take long positions. Leading Bitcoin mi...
Global Cryptocurrency Mining Hardware Market Report 2022-2026: Market is Poised to Grow by $9.21 Billion – Rising Popularity of Mining Pools – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Cryptocurrency Mining Hardware Market 2022-2026” report has been added to ResearchAndMarkets.com’s offering. The cryptocurrency mining hardware market is poised to g...
Most mining stocks decline on Thursday
Most Bitcoin mining stocks tracked by The Block fell on Thursday. Bitcoin was down and trading a bit under $16,800 by market close, according to data from TradingView. BTCUSD Chart b...
Bitcoin Mining News: Core Scientific Filed For Bankruptcy
Core Scientific was among leading crypto miners in the crypto industry. The mining firm reportedly has 51-200 employees. Core Scientific, a global crypto mining company, filed for bankruptcy on Wed...
Crypto Mining in Canada Province Witnessing a Challenge
Crypto mining operations in Canada might take a hit as the electric utility in the region seeks to cut down energy supply. BC Hydro, British Columbia Hydro and Power Authority, reported on December 21...
British Columbia Suspends New Crypto Mining Operations
Josie Osborne, Minister of Energy, Mines and Low Carbon Innovation stated that this decision was taken to ensure the preservation of clean energy for consumption by residents and businesses which will...
Two Key Hard Rock Mining Events Show Progress On Biden Energy Transition Plans
Looking East over the Rhyolite Ridge South Basin in west central Nevada. ioneer One of the biggest questions surrounding the future of the energy transition as it relates to the United States and Bide...
British Columbia Shuts Down Power Supply for Crypto Mining
Bitcoin News Currently, BC Hydro serves seven cryptocurrency mining facilities. A report titled “Crypto dilemma” was published by the British Columbia Hydro and Power Authority. British Columbia, Cana...
Bitcoin Miner Core Scientific to File for Bankruptcy but to Continue Mining
By the end of trading on Tuesday, the company’s market capitalization had dropped to $78 million from a $4.3 billion valuation in July 2021 when the company went public. Major crypto mining company Co...
British Columbia to suspend new power connections for crypto mining
For the next 18 months, a state-owned power utility provider in the Canadian province of British Columbia, BC Hydro, is going to suspend all new power connection requests from cryptocurrency mining fi...
British Columbia Halts New Crypto Mining Requests
The Canadian province of British Columbia announced that it is suspending new requests for electricity connections for cryptocurrency miners for 18 months. The energy ministry of British Columbia (B.C...
BHP Offers To Buy Oz Minerals For $6.5 Billion As Mining Giant Seeks To Boost Clean Energy Assets
Mike Henry, chief executive officer of BHP Group, speaks during the AFR Business Summit in Sydney, … [+] Australia, on March 8, 2022. Brendon Thorne/Bloomberg BHP Group on Thursday offered to bu...
British Columbia suspends new crypto mining energy requests
Crypto mining firms looking to start up in British Columbia province are out of luck, at least for the next 18 months as the Canadian province is temporarily refusing new requests from miners for powe...
Most Bitcoin Mining Firms Towards Bankruptcy in 2022!
Major BTC mining firms move towards bankruptcy. Many couldn’t withstand the financial year 2023. Core Scientific files for Chapter 11 bankruptcy. The year 2022 couldn’t be denied that it has indeed ...
Bitcoin mining: another company goes bankrupt
Bitcoin mining company Core Scientific has filed for bankruptcy. Reuters reported that today Core Scientific filed for Chapter 11 bankruptcy. Core Scientific is listed on the Nasdaq stock exchange u...
BTC is now cheaper than the all-in-sustaining cost of mining BTC
The cost of Bitcoin (BTC) is now cheaper than the cost of mining one Bitcoin, according to the Difficulty Regression Model. As per data obtained from Glassnode, the current cost of mining one Bitcoin ...
Core Scientific Files For Bankruptcy Protection, Plans To Continue BTC Mining
This year has been difficult for Core Scientific, one of the major Bitcoin mining companies in the world, as a result of the precipitous decline in the price of Bitcoin as well as the rising cost of e...
Core Scientific files for Chapter 11 bankruptcy, mining operations will continue
Core Scientific has filed for Chapter 11 bankruptcy protection. The company will continue its mining operations during the bankruptcy proceedings. Bitcoin mining giant Core Scientific Inc. has filed ...
Core Scientific Files for Bankruptcy Protection, Firm Plans to Continue Mining Bitcoin to Pay Down Debt – Mining Bitcoin News
On Dec. 21, 2022, one of the largest bitcoin mining operations in the industry, Core Scientific, filed for Chapter 11 bankruptcy protection in the Southern District of Texas. According to the filing, ...
This publicly-listed Bitcoin mining company has gone bankrupt, but it’s not so bad
A bankruptcy petition has been submitted by yet another Bitcoin mining business. Just a few days after a creditor volunteered to assist Core Scientific, one of the largest Bitcoin miners in the world ...
Celsius receives numerous offers for its retail and mining assets
Bankrupt cryptocurrency lender Celsius Network LLC has received several offers for its retail platform and mining companies. There was no disclosure of the bids’ terms. In the hearing on Tuesday, a l...