Russian government subsidies crypto mining facility in Siberia
The facility, which is to open this year, will possess 30,000 crypto mining machines, hire 100 workers and consume 100 megawatts from the power grid. Go to Source Powered by WPeMatico
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Argo CEO follows resignation trend after company acquisition by Galaxy Digital
The CEO of the cryptocurrency miner Argo Blockchain is the second executive to step down from the company after its acquisition by Galaxy Digital. Go to Source Powered by WPeMatico
Crypto mining firms Hut 8 and US Bitcoin plan merger
The merger, which will create the company ‘New Hut’, is still subject to court and regulatory approval by U.S. and Canadian authorities. Go to Source Powered by WPeMatico
Riot reports 17K miners offline due to Texas weather
The mining firm reported two of the buildings at its Whinstone facility in Rockdale were damaged in December as Texas experienced days of sub-zero temperatures. Go to Source Powered by WPeMatico
Court permits Core Scientific to borrow $70M to replace existing loan
Investment bank B. Riley is already a Core Scientific creditor and tried to provide funds before the Bitcoin miner filed for Chapter 11. Go to Source Powered by WPeMatico
Bitcoin mining advocate is going state-to-state to educate US lawmakers
The legislatures in Mississippi and Missouri have separately introduced bills aimed at protecting certain activities of Bitcoin miners following visits from the Satoshi Action Fund. Go to Source Powered by WPeMatico
Bitcoin miner Greenidge cuts NYDIG debt from $72M to $17M
Despite restructuring into a hosting firm for Bitcoin mining, Greenidge still owns about 10,000 miners, maintaining a capacity of 1.1 EH/s. Go to Source Powered by WPeMatico
How Bitcoin mining saved Africa’s oldest national park from bankruptcy
The Virunga National Park’s Bitcoin mine in the Democratic Republic of the Congo monetizes surplus energy for conservation efforts. Go to Source Powered by WPeMatico
Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023
Bitcoin miners have been under duress for more than a year and even with BTC price trading at $24,000, BTC mining stocks could still face challenges throughout 2023. Go to Source Powered by WPeMatico
Bitcoin mining revenue jumps up 50% to $23M in one month
As Bitcoin remains well-positioned for a steady recovery, the mining industry witnessed a 50% growth in revenue in terms of US dollars. Go to Source Powered by WPeMatico