Bitcoin mining stocks tracked by The Block were mostly lower on Friday, with three gaining and the other 16 declining. Bitcoin fell 1.3% to $21,748 by market close. Here’s a look at ...
Tag: Mining
CEO of Prominent Crypto Mining Firm Argo Blockchain Resigns
4 hours ago | 2 mins read Bitcoin News Seif El-Bakly has been named the company’s interim CEO. In December, the company mined a paltry 147 BTC, a decrease of 25% from last month. Peter Wall, CEO of Ar...
Government to Subsidize Crypto Mining
Russia has approved a large, subsidized crypto mining center in Buryatia, a republic in the country’s Far East. It will open in the first half of 2023, house 30,000 mining machines, employ 100 people,...
Mississippi Senate legalizes Bitcoin mining
Yesterday the Mississippi Senate passed a bill legalizing Bitcoin and cryptocurrency mining in the state. Although mining was not previously banned in Mississippi, it will now be framed with clear and...
Mississippi Senate passes bill to legalize crypto mining
Ad Lawmakers from the Mississippi Senate have passed a legislative bill to legalize Bitcoin mining in the state and protect miners from discrimination. The Mississippi digital asset mining bill was in...
Russian government subsidizes crypto mining facility in Siberia
The crypto mining industry has faced moratoriums in some parts of the United States and Canada in recent months. Now, Russia provides tax incentives for those who want to invest in crypto mining. With...
Russian government subsidizes Siberian crypto mining operation
The Russian government is giving incentives for crypto mining investors and $12 million in support for building a crypto mining operation in Siberia to solidify its positive disposition toward crypto ...
Hut 8 Mining Company to Merge with US Bitcoin
Hut 8 Mining, a Canadian company that mines cryptocurrencies, has announced publicly their desire to merge with US Bitcoin to become Hut 8 Corp., often referred to as “New Hut.” Hut 8 Mini...
Mawson Infrastructure Group Inc. Breaks Ground on Sharon, PA 120 MW Bitcoin Mining Facility
Mawson has broken ground on the 120 MW Bitcoin mining facility in Sharon, PA. First 12 MW available in early Q2, 2023. SHARON, Pa.–(BUSINESS WIRE)–Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Maws...
Russian government gives green light to crypto mining operation in Siberia
Ad The Russian government announced on Feb. 8 that it would start providing direct financial support to a cryptocurrency mining operation set to launch in Siberia later this year. According to Russia...
Cloud Mining Firm Bitfufu Delays SPAC Deal Yet Again
2 hours ago | 2 mins read Bitcoin News The company was expected to go public in the third quarter of 2022. The latest move pushes back the public listing until May. According to a statement released o...
U.S. Democrats Seek More Info On Federal Crypto Mining Data Collection
United States Democrats have actively followed most of cryptocurrency’s major events and activities. The lawmakers’ interests cut across several crypto aspects, such as regulations and controls, opera...
Get started with cloud mining with QubitHashes
In 2022, the Bitcoin network consumed 0.5% of the world’s electricity – more than Argentina, but less than Norway. The amount of electricity needed to maintain the network is rapidly growing every yea...
The Block: Bitcoin mining report: Feb. 8
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with three gaining and the other 16 declining. Bitcoin fell 1.6% to $22,843 by market close. Here is a look at ho...
Crypto Mining Poses Environment Pollution Threat: US Senators
US Senators requested the EPA and DOE to gather details regarding crypto mining companies’ gas emissions and energy use. The lawmakers claim that crypto mining results in environmental pollution. The ...
Looking for Exposure to Bitcoin? These 2 Small Bitcoin Mining Stocks Are a ‘Must-Own,’ According to One Analyst
The end goal of investing is profit, and few investments have shown the long-term profit of bitcoin. Yes, the true story in cryptocurrency is its extreme volatility, but the underlying fact is simple:...
Hut 8 to merge with rival cryptocurrency mining firm US Bitcoin
Two notable Bitcoin mining firms, Hut 8 and US Bitcoin, have announced a merger as detailed in a press release published on Feb. 7. Combined company will have six sites The merger will combine two of ...
Bitcoin mining firms Hut8 and US Bitcoin announce merger
Hut 8 and U.S. Bitcoin have joined forces to form a new bitcoin mining corporation dubbed Hot 8 Corp., a large-scale publicly listed bitcoin mining corporation with access to 825 MW of electricity. Hu...
Mining Firms Hut 8 Mining Corp and US Bitcoin Corp Announce Merger
10 hours ago | 2 mins read Bitcoin News The merged business would be headquartered in the United States. Shares of Hut 8 Mining (HUT) finished the day up 7% at $2.38. In an all-stock transaction, Hut ...
Riot Blockchain’s Texas Mining Operations Disrupted by Winter Storms
The cryptocurrency mining company Riot Platforms, previously known as Riot Blockchain, has announced that 17,040 rigs that were installed at its facilities in Texas have been rendered inoperable as a ...
The Block: Bitcoin mining report: Feb. 7
Bitcoin mining stocks tracked by The Block were mostly lower on Tuesday, with seven gaining and the other 12 declining. Bitcoin rose 1% to $23,234 by market close. Here is a look at how th...
Hut 8 Mining Merges With US Bitcoin Corp
Canada-headquartered Hut 8 Mining Corp. plans to merge with US Bitcoin Corp. in an all-stock deal to create a crypto mining giant in North America, the company announced on Tuesday. The Boards of Dire...
Bitcoin mining company Layer1 caught up in internal legal battle
Layer1 Technologies CEO John Harney and DGF Investments Inc. have filed a lawsuit against Jakov Dolic and Tobias Ebel, the other board members of the bitcoin (BTC) mining firm for allegedly looting th...
Future Fintech Group Opens Paraguay-Based Crypto Mining Farm
Future Fintech Group Inc. – a developer of blockchain applications and a fintech services provider – has just finished building a new crypto mining center in the South American nation of Paraguay. Fut...
Bitcoin mining can help solar energy meet 99% of end-user demand, study shows
As the cryptocurrency industry evolves, mining Bitcoin (BTC) is becoming increasingly popular, with arguments in favor of its use to offset energy waste despite criticism over its effect on the enviro...
Bitcoin Mining Firm Riot Reports Monthly Output of 740 Bitcoins in January
9 hours ago | 2 mins read Bitcoin News This is a 12 percent rise from the 659 BTC produced in December 2022. The harsh weather prompted the temporary closure of Riot’s Rockdale, Texas, plant. Riot, a ...
The Block: Bitcoin mining report: Feb. 6
Bitcoin mining stocks tracked by The Block were mostly lower on Monday, with six gaining and the other 13 declining. Bitcoin rose 0.5% to $22,994 by market close. Here is a look at how the...
The Congo Has Established Its First BTC Mining Facility
The Congo in Africa has set up its first official bitcoin mining facility. The clincher? It runs entirely on clean energy and seeks to avoid the often atmosphere-polluting methods utilized by former a...
Core Scientific To Send 27k Mining Rigs To NYDIG To Settle $38.6 Million Debt
– Advertisement – The NYDIG has agreed to settle a debt of $38.6 million owed by Core Scientific Inc. The crypto mining firm will send 27,403 crypto mining rigs to NYDIG as part of the ag...
Bitcoin Mining Firm Core Scientific To Sell 27k Gears To Settle NYDIG Debt
45 mins ago | 2 mins read Bitcoin News A few days before the holidays in 2022, the firm filed for bankruptcy. As part of its 2020 expansion, the company borrowed $77.5 million. In order to settle a $3...
Market strategist David Rosenberg: U.S. stocks will drop 30%. Wait to buy them.
David Rosenberg, the former chief North American economist at Merrill Lynch, has been saying for almost a year that the Fed means business and investors should take the U.S. central bank’s effort to f...