Crypto miner Hut 8 surpassed 5K Bitcoin held in reserves
According to the firm, they mine close to 20 BTC per day. Go to Source Powered by WPeMatico
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DCG Mining Subsidiary Foundry Launches Range of Services for 20 Crypto Staking Networks
Foundry, the Digital Currency Group (DCG) subsidiary and cryptocurrency mining and consulting firm from Rochester, New York announced the launch of a new platform on Wednesday called Foundry Staking. The company says the product currently supports 20 blockchain networks and will provide digital asset staking and advisory services going forward. Foundry Launches Staking Services The … Read more
Russian Duma creates working group to tackle crypto mining regulations
Some regulators feel that a lack of clear laws for the industry is helping crypto miners avoid paying taxes. Go to Source Powered by WPeMatico
Bitcoin miners look toward nuclear power for sustainable energy
Several major players say that nuclear energy might be the best choice for Bitcoin miners. Go to Source Powered by WPeMatico
Influx of crypto miners to Kazakhstan reportedly strains energy supply
According to the country’s vice minister of energy, addressing the potential strain on Kazakhstan’s power grid from crypto miners “cannot be delayed any longer.” Go to Source Powered by WPeMatico
Argo Blockchain files for $57.5 million offering of secured notes to fund Texas mining facility
The company said it intends to use the proceeds for construction costs and rigs at its Texas crypto mining facility, expected to be operational in 2022. Go to Source Powered by WPeMatico
A New Semiconductor Manufacturing Competitor Has Entered the ASIC Bitcoin Mining Rig Industry
While companies like Microbt, Bitmain, Innosilicon, Strongu, Ebang, and Canaan have ruled the roost in terms of manufacturing application-specific integrated circuit (ASIC) bitcoin miners, a new challenger has entered the competition. A relatively unknown integrated technology firm called AGM Group Holdings has seen a lot of ASIC sales and partnerships in recent times. A Relatively … Read more
Bitcoin soft fork days away as Taproot upgrade closes in
The Taproot upgrade was set for deployment after achieving a 90% consensus among the Bitcoin miners (mining nodes). Go to Source Powered by WPeMatico
Argo Blockchain’s Texas mining facility could cost up to $2B
CEO Peter Wall has cited Texas’ cheap renewable energy as well as its openness to innovation in new technologies as part of the reason for the construction of the data center. Go to Source Powered by WPeMatico
Ex-Wall Street execs lead new Bitcoin mining firm as US hash rate soars
PrimeBlock’s CEO was involved in the $98 billion direct listing for Coinbase that Goldman Sachs was leading. Go to Source Powered by WPeMatico