Miners that hodl the most Bitcoin are ‘relentlessly expanding’
According to a series of mining metrics, not only are miners holding hard, but they’re also dramatically increasing their hash rate. Go to Source Powered by WPeMatico
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ASIC Mining Rig Manufacturer Canaan Reveals $100 Million Stock Buyback Program
The application-specific integrated circuit (ASIC) manufacturer Canaan has revealed the firm is offering a stock buyback for up to $100 million. Canaan’s chairman and CEO Nangeng Zhang highlighted in a U.S. Securities and Exchange Commission (SEC) filing that the move was due to issues with “recent international frictions” and “domestic quarantine measures for Covid-19 control.” … Read more
Crypto miner Hut 8 posts record revenue as BTC holdings surge 100%
The financial results weren’t all positive, however, as the Bitcoin miner posted a surprise loss in the fourth quarter. Go to Source Powered by WPeMatico
Crypto Assets Can Help Russia Return to Global Financial Market, Lawmaker Says
Digital financial assets like cryptocurrencies can help Russia to reach the global financial market despite western sanctions, a lawmaker working on crypto regulations has stated. The official believes the country is capable of setting up domestic crypto exchanges and should support mining. Russia Can Establish Own Cryptocurrency Exchanges, Deputy Insists The crypto space is an … Read more
Kazakhstan Shuts Down Over 100 Crypto Mining Farms
More than 100 crypto farms in Kazakhstan have terminated operations as a result of ongoing inspections of the mining sector. Authorities have revealed that some of the facilities are linked to prominent businessmen and former government officials. Financial Watchdog Goes After Crypto Miners Across Kazakhstan The rapid expansion of crypto mining in Kazakhstan, since last … Read more
Over 100 illegal mining farms were shut down in enforcement raids in Kazakhstan
Financial Monitoring Agency, Kazakhstan’s financial watchdog, emphasizes the need to regulate the sector. Go to Source Powered by WPeMatico
Bitcoin’s got 3 strikes, but investors remain calm despite price drop
Proof-of-work mining escaped severe regulatory pressure, but crypto derivatives and CNY Tether premium show investors’ lack of excitement. Go to Source Powered by WPeMatico
European Parliament votes against PoW ban, providing huge relief to the crypto industry
The moderate version of the regulatory framework’s draft prevailed in the ECON committee voting. Go to Source Powered by WPeMatico
Bitmain Reveals New Liquid-Cooled ASIC Mining Rig With 255 TH/s of Computing Power
Leading ASIC mining device manufacturer Bitmain has revealed a new bitcoin miner that’s even faster than the company’s last machine, which boasts 198 terahash per second (TH/s). The latest model, called the Antminer S19 XP Hyd., is also a liquid-cooled ASIC mining device that claims to produce 255 TH/s at 20.8 joules per terahash (J/T). … Read more
Bitfarms Buys Land to Open New Mining Facility in Canada
Bitfarms, a corporate player in the bitcoin mining world, has announced a new acquisition of land and a facility in Canada. The purchased land is located in Sherbrooke, Quebec, and according to a press release issued by the company, it will serve to replace one of the other facilities the company has in the country. … Read more