Bitfury CEO confirms IPO considerations are part of expansion plans
In 2018, Bitfury raised $80 million from investors like Michael Novogratz’s Galaxy Digital at a $1 billion valuation. Go to Source Powered by WPeMatico
mining
Auto Added by WPeMatico
Local Businesses in New York Urge Governor to Impose Statewide Bitcoin Mining Moratorium
The governor of New York state, Kathy Hochul, has been urged by a group of local companies to deny business permits to bitcoin miners. The letter specifically asks for the “denial of permits for the Greenidge Generating Station and the Fortistar North Tonawanda Facility.” The letter also calls for the New York government to assess … Read more
Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners
Authorities in Belarus and the Russian Federation are taking steps to separate cryptocurrency miners from other groups of power users and deny them access to subsidized energy. This could lead to the adoption of differentiated electricity rates for businesses involved in digital coin minting activities. Cryptocurrency Miners in Russia and Belarus May Face Higher Energy … Read more
Jack Dorsey Says Square Is Considering Building a ‘Bitcoin Mining System Based on Custom Silicon’
Following the latest report from Cambridge University that shows a large percentage of the Bitcoin network’s hashrate resides in the United States, the CEO of Twitter and Square, Jack Dorsey, has announced that Square is considering building a “bitcoin mining system based on custom silicon.” Square Considers Building a Mining System On the same day … Read more
Jack Dorsey’s Square plans to build an open-source Bitcoin mining system
Jack Dorsey wants to build a single system that can improve accessibility to Bitcoin mining and further decentralize the BTC network. Go to Source Powered by WPeMatico
Bitcoin Mining Operation Being Sued for Producing High Noise Levels in Tennessee
A bitcoin mining operation in Tennessee is being sued by neighbors due to the high level of noise the facility produces. The lawsuit, which was filed in August, asks mining operator Red Dog to shut down operations and pay personal damages fees, as well as compensate owners for decreased property values. The lawsuit could set … Read more
Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value
Accusing the U.S. of undermining the dollar through money printing and sanctions policy, President Vladimir Putin has admitted that cryptocurrency can be utilized for settlements in the future, although it’s too early to do that in oil trade. While noting that it lacks backing, the Russian leader assumed crypto could be used to store value … Read more
Russia considers new energy tariffs as Chinese crypto miners relocate
Russia’s Irkutsk region saw its energy consumption rates surge by 160% following China’s crackdown on crypto mining. Go to Source Powered by WPeMatico
Bitcoin miner Stronghold will list almost 6M shares in its $100M IPO
The firm uses a sustainable energy source by converting waste coal into power to mine Bitcoin. Go to Source Powered by WPeMatico
Geographic Distribution Data Shows US Takes Leading Bitcoin Mining Position After China’s Crackdown
After China has reigned for a number of consecutive years as the dominant bitcoin mining epicenter of the world, the United States has “taken the leading position in bitcoin mining,” according to new data from Cambridge University. Data Shows US, Kazakhstan, Russian Federation Rule the Bitcoin Mining Roost In mid-July, researchers from the Cambridge Bitcoin … Read more