Microsoft updated its policy terms to specify it will not allow cryptocurrency mining on its online services without prior approval. The update came into effect on Dec. 1 and applies to all user...
Tag: Mining
Cash Crunch Mining Firm Core Scientific Manages $72M Funding
2 hours ago | 2 mins read Bitcoin News Core Scientific sold 9,618 BTC in April at a loss of $362 million. It was revealed that the company will run out of money before 2023. B. Riley, a provider of fi...
Bitcoin Mining Company Bitfarms Receives Delisting Warning From Nasdaq
Cryptocurrency mining company Bitfarms announced Wednesday that it had received a warning from Nasdaq Stock Market LLC that it was not in compliance with its minimum bid price requirements. The Canad...
Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency
The Canadian Bitcoin (BTC) mining firm Bitfarms is facing compliance challenges over its listing on Nasdaq due to the ongoing cryptocurrency winter. Bitfarms received a warning notification from Nasda...
Japan’s major utility provider partners with local mining rig maker
TEPCO, a Japanese utility company behind the Fukushima nuclear reactor, partnered with local mining rig developer Triple-1 to offer its extra energy for mining. In a recent announcement, TEPCO confir...
B. Riley offers $72 million to mining firm Core Scientific
B. Riley Financial, one of Core Scientific’s largest creditors, argued that bankruptcy is not the the answer to Core Scientific’s woes and is instead offering it a new financial lifeline. ...
Japanese Power Giant Venture Into Bitcoin Mining
The utility firm of Japan, Tokyo Electric Power Grid (TEPCO), is working with TRIPLE-1. Bitcoin mining and to capitalize on the excess power in its grid is the aim. TRIPLE-1 is a local hardware manufa...
Japan approves Sustainable Mining as Bitfarm Warned by NASDAQ
Japan’s policy choices are fostering sustainable cooperation with the country’s cryptocurrency miners, as others around the world struggle. Japanese utility Tokyo Electric Power (TEPCO) is partnering ...
Japanese Power Behemoth ‘TEPCO’ Forays Into Crypto Mining Sector
48 seconds ago | 2 mins read Bitcoin News The giant has agreed to terms with TRIPLE-1, a local rig firm. The goal is to employ TRIPLE-1’s semiconductors to power decentralized data centers. Tokyo Ele...
Japanese power company to utilize excess power for crypto mining
A major Japanese utility company, Tokyo Electric Power Grid (TEPCO), is working with local mining rig manufacturer TRIPLE-1 to capitalize on excess power on its grid. In September, TEPCO established a...
Russia Cracking Down on Crypto Miners Minting in Residential Areas – Mining Bitcoin News
Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are dete...
World’s First Ecological Mining Pool Set for Launch in 2023
While Bitcoin has been at the epicentre of a global controversy storm for several years now, one company is hoping to change that by turning the entire industry on its head – in the best way possi...
Mining Firm Argo Blockchain Desperately Seeking Funds To Survive
Bitcoin News Argo disclosed selling part of the Bitcoin it had mined during the market downturn. The firm said it was back in business on the LSE as of December 12. In an effort to avoid bankruptcy, c...
Bitcoin Miner Terawulf Raises $10M in Fresh Capital to Pay Down Debt, Restructures Deal With Bitmain – Mining Bitcoin News
On Monday, Dec. 12, 2022, the Maryland-based bitcoin mining company Terawulf announced that the firm has raised $10 million in capital to pay down debts. The firm also said that it restructured a deal...
Crypto Mining In Cuba Suffers Owing To Electricity Crisis
Cryptocurrency mining in Cuba has been interrupted for some time due to the electricity crisis on the Caribbean island. Several parts of Cuba have experienced repeated blackouts, which have made minin...
New Crypto Regulations Will Increase Mining “Difficulty” in Kazakhstan
For many, cryptocurrencies are a way to escape the centralized finance, meanwhile the governments are trying to tighten their grip on the digital assets to prevent it from becoming decentralized. Rece...
Constant Blackouts Have Ruined Cryptocurrency Mining Investments in Cuba – Mining Bitcoin News
Several small investors have manifested that the constant blackouts in several parts of Cuba have made cryptocurrency mining unsustainable, leaving them unable to operate their rigs. The blackouts als...
Texas is The Perfect Location for Bitcoin Mining: Ted Cruz
Ted Cruz says Texas is suitable for Bitcoin mining. Many crypto mining stocks have lost around 90% value since the peak last year. Bitcoin was trading at the market price of $17,158 at the time of wri...
Kazakhstan Lawmakers Pass New Bitcoin Mining Bills
Lawmakers in the country have passed the “On Digital Assets of the Republic of Kazakhstan” crypto assets bill and other laws that focus on crypto mining. The Mäjilis, or the lower hours of the Parliam...
Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported – Mining Bitcoin News
The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator wants the extracted digital currency to be sold outs...
Data shows the Bitcoin mining bear market has a ways to go
Bitcoin (BTC) mining is the backbone of the BTC ecosystem and miners’ returns also provide insight into BTC’s price movements and the health of the wider crypto sector. It is well-documented that Bitc...
Bitcoin mining project in Kenya helps power rural community
A hydro-powered crypto mining project based in Africa released an update on its efforts to bring energy developments to rural communities via Bitcoin (BTC). On Dec. 9, Gridless Compute tweeted photos ...
Bitcoin Miner 360 Mining Raised $2.25 Million (USD) To Increase Production Of Natural Gas
Bitcoin miner 360 mining intended to increase $2.25 million (USD) in recent funding. The New York government announced a ban on bitcoin mining entities for the next two years. The Bitcoin miner 360 mi...
Kenya-Based Bitcoin Mining Company Raises $2 Million in Seed Investment Led by Jack Dorsey-Owned Firm – Mining Bitcoin News
Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments company owned by Twitter founder Jack Dorsey, and Stillmark. The b...
Bitcoin mining: the problems are not over
A few days ago, there was a sharp drop in the difficulty of Bitcoin mining. This drop reduced the cost of mining because it reduced the volume of calculations required on average to mine individual b...
Assembling a crypto mining rig for beginners
With the rapid expansion of the cryptocurrency industry, despite its occasional setbacks, an increasing number of people want to earn crypto for themselves through mining it, but not everyone is as te...
Bitcoin miner 360 Mining raises $2.25 million as it scales natural gas production
Bitcoin miner 360 Mining raised $2.25 million in a new funding round and plans to deploy the funds to increase natural gas production and mining capacity. The company’s plans were reveale...
BTC Mining Difficulty To Bottom Spot, Any Possibility Of Reversal?
The low profitability of BTC mining is still puzzling for many crypto fanatics and investors. There’s no surprise here, given the ever-increasing energy costs. Moreover, the bear market is also signif...
The Long Road To Sustainable Cryptocurrency Mining
Cryptocurrency has not had an easy road toward public understanding. At this point in time, major geographical territories have banned crypto outright, and others have clamped down on mining. Beyond t...
Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill – Mining Bitcoin News
Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers...
Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage – Mining Bitcoin News
The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department supports a b...