mining machines – DIGIT INFO

Auradine Secures $80 Million in Series B to Accelerate Bitcoin Mining Rig Production

DIGIT — Wed, 10 Apr 2024 21:30:03 +0000

On April 10, the bitcoin mining rig producer Auradine revealed it had secured an $80 million investment in a Series B funding round. Additionally, the company highlighted that it has also achieved $80 million in bookings. Auradine Raises $80 Million, Doubling Down on Teraflux Mining Rig Expansion The California-headquartered bitcoin mining equipment manufacturer Auradine, known […]

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Police in Kosovo Seize Crypto Mining Rigs From Serbs

DIGIT — Sun, 16 Apr 2023 21:30:34 +0000

Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the ethnically divided, partially recognized Balkan state. Kosovo Government Cracks Down on Crypto Mining in […]

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China Fines Bitmain $3.6 Million for Tax Violations, Report

DIGIT — Thu, 13 Apr 2023 06:04:57 +0000

Chinese authorities have fined leading crypto mining hardware manufacturer Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from the crypto community. Bitmain Fined for Failing to Pay Income Tax on Behalf of Employees One of the world’s largest producers of devices […]

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BlockFi gets court nod to sell crypto mining assets

DIGIT — Tue, 31 Jan 2023 06:01:41 +0000

It is understood that BlockFi wants to get bids in as quickly as possible to make the most of the current market conditions.

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Iran Returns Seized Crypto Mining Equipment to Miners

DIGIT — Tue, 03 Jan 2023 22:30:20 +0000

A government body responsible for state property in Iran has released some of the hardware seized from illegal crypto mining farms. Its top executive explained the agency was obliged to do that by courts in the Islamic Republic, where unlicensed miners have been blamed for power shortages. Authorities in Iran Give Confiscated Mining Rigs Back […]

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Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of Hardware

DIGIT — Sun, 04 Dec 2022 05:00:03 +0000

Russia’s market for specialized crypto mining equipment has been seeing high demand over the past couple of months, with buyers attracted by the low price tags. Russian experts also predict an increase in the supply of used coin minting hardware as large foreign companies leave the industry. Russian Demand for Powerful ASIC Miners Skyrockets in […]

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Russian Arrested for Defrauding Buyers of Mining Hardware Worth Over $300,000

DIGIT — Mon, 05 Sep 2022 11:30:56 +0000

Police in the southern Russian city of Astrakhan have detained a man accused of defrauding people who wanted to purchase crypto miners. Law enforcement officials say the suspect made millions of rubles through fictitious sales of mining devices to Russian citizens and foreigners. Investigators Claim Russian Made Money Selling Nonexistent Crypto Mining Rigs A resident […]

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Russian Caught Mining Crypto in Covid-19 Clinic

DIGIT — Mon, 22 Aug 2022 07:30:54 +0000

An IT specialist working for a medical institution in Russia’s Altai Republic has been detained for illegally mining cryptocurrency at the premises of a Covid-19 hospital. The man minted digital currencies using stolen electricity for almost a year before law enforcement busted his crypto farm. Altai Resident Apprehended for Running Underground Crypto Mining Operation An […]

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Foundry Digital Launches Logistics Arm to Advance Standards in the Cryptocurrency Mining Industry

DIGIT — Thu, 28 Jul 2022 17:30:19 +0000

On Thursday, Foundry Digital LLC, the mining company and subsidiary of Digital Currency Group (DCG), announced the launch of Foundry Logistics in order to advance standards in the cryptocurrency mining industry. The newly launched arm of the company plans to “bridge the gap between hardware manufacturers and buyers by providing an all-in-one solution for mining […]

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Masked Men Rob Large Crypto Mining Farm Near Moscow

DIGIT — Thu, 21 Jul 2022 11:30:06 +0000

Armed robbers have plundered a large crypto mining facility not far from the Russian capital, local media reported. The unidentified perpetrators stole dozens of video cards in the latest incident involving theft of coin minting hardware, which has been on the rise in Russia. Unknown Attackers Steal Mining Equipment From Crypto Farm in Russia A […]

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