Argo Blockchain sells top mining facility to Galaxy Digital for $65M
Argo Blockchain reduces its total debt by $41 million by selling its flagship Helios mining facility and getting a $35 million loan from Galaxy. Go to Source Powered by WPeMatico
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Publicly-Listed Bitcoin Miner Argo Blockchain Suspends Nasdaq Trading
Bitcoin miner Argo Blockchain announced that it requested the suspension of trading its company shares on Dec. 27, as the company expects to make an announcement on Wednesday, Dec. 28, 2022. The company’s stock has lost 96.34% year-to-date and on Dec. 12, the bitcoin miner “advanced negotiations with a third party to sell certain assets” … Read more
Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack
A major cryptocurrency mining pool has been hit by hackers earlier this month, the company who owns the pool revealed in an announcement. The incident resulted in the theft of digital assets belonging to the pool and its clients worth a combined total of $3 million. Chinese Authorities Launch Investigation Into Crypto Mining Pool Hack … Read more
Bitcoin mining pool BTC.com reports $3M cyberattack
BTC.com, the seventh-largest Bitcoin mining pool, said that its client fund services are unaffected by the recent $3 million cyberattack. Go to Source Powered by WPeMatico
Bitcoin Hashrate Slides as Texas Miners Curtail Hashpower to Bolster the Grid
Bitcoin’s total hashrate tapped a low of 170 exahash per second (EH/s) on Dec. 25, as reports noted that bitcoin miners in Texas curtailed their hashpower during a massive winter freeze. Statistics show that close to 100 exahash dropped off the network but rebounded from the 170 EH/s low to 240 EH/s by 12:00 p.m. … Read more
Blockware sued over alleged misrepresentation of miners’ performance
The plaintiff claims losses of $250,000 and seeks compensatory and punitive damages. Go to Source Powered by WPeMatico
Russian Parliament Postpones Adoption of Crypto Mining Bill
Russian lawmakers will consider a draft law on cryptocurrency mining in 2023 despite earlier indications they were going to vote on the proposal in December. The bill is expected to set the rules for the extraction and sale of cryptocurrency in Russia amid sanctions limiting the country’s access to global finances and markets. Russia’s New … Read more
Public Bitcoin mining companies plagued with $4B of collective debt
The Bitcoin mining community took up massive loans during the 2021 bull market, negatively impacting their bottom lines during a subsequent bear market. Go to Source Powered by WPeMatico
U.S. delays crypto tax reporting rules, as it still can’t define what a ‘broker’ is
Congress passed a law in November 2021 that required the new crypto rules to be issued. Go to Source Powered by WPeMatico
Bitcoin Miners Discovered 53,240 Blocks This Year, Foundry Led the Pack, Hashrate Tapped an All-Time High
As the new year approaches, more than a dozen bitcoin mining pools still dedicate a total of 238 exahash per second (EH/s) toward the Bitcoin blockchain in order to secure the network and reap mining rewards. Statistics indicate that the mining pool Foundry USA discovered the most block rewards this year, as the operation found … Read more
