Tag: Crypto Mining

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Bitcoin Mining Quietly Makes A Comeback In China As Cheap Power & Data-Center Expansion

Despite being outlawed four years ago, bitcoin mining is quietly making a comeback in China, according to miners and industry statistics, as both individual...

Bitfarms (TSE:BITF) Shares Plunge 18% As It Pivots From Bitcoin Mining To AI, To Convert 18 MW Washington Site

Bitfarms (TSE:BITF) announced to convert its Bitcoin mining activities into artificial intelligence and high-performance data centres over the next two years, and soon after,...

British Columbia To Ban New Crypto Miners From Using BC Hydro As Province Focuses On AI/Data Centres

In order to protect the area's power supply, British Columbia, the third-largest province in Canada by population, announced intentions to indefinitely prohibit new cryptocurrency...

New York Senator Proposes Tiered Energy Tax On Crypto Miners

New York State Senator Liz Krueger on Wednesday introduced a bill in Albany to tax the electricity used by cryptocurrency mining firms that operate...

China’s Guangzhou Court Voids Sale Of Offshore Crypto Mining Rigs, Cites Threat To Financial Order

The Guangzhou Intermediate People’s Court said yesterday it voided a sales contract for offshore virtual currency mining machines after a press conference marking the...

Social App Thumzup Raises $50M To Build Crypto Mining And Expand Coin Holdings

Thumzup Media Corporation said, on Wednesday, August 13, it will expand into large-scale cryptocurrency mining and target blockchain investments after raising $50 million. https://twitter.com/thumz_up/status/1955617025356632488   The company...

World’s Top Miner Maker Bitmain Plans To U.S. Factory, Aims For Full 2026 Output

According to Irene Gao, the global business head of the world's leading Bitcoin mining machine manufacturer, Bitmain, plans to open its first U.S. factory...

Kevin O’Leary Backed Bitzero Raises $25 Million To Scale Sustainable Crypto Mining

In Vancouver this week, Bitzero, a crypto mining company backed by investor Kevin O’Leary, announced it has secured $25 million in funding to grow its...

France Lawmakers Pitch Bitcoin Mining Trial On Surplus Nuclear Power For $100–$150M Revenue

French lawmakers on July 11 introduced a bill in the National Assembly to launch a five‑year pilot program that would let electricity producers channel surplus...

Russia Moves To Ban Crypto Mining At Power-Subsidised Data Centres

In a recent move, the Russian Government in Moscow is planning to it would block data centres from mining cryptocurrencies if they are found...

Russia Builds Crypto Mining Equipment Register To Stop Illegal Power Use

The Ministry of Energy, the Federal Tax Service and the Ministry of Digital Development of Russia have jointly created a register of cryptocurrency mining...

Cango Closes Deal on Crypto Mining Assets Acquired Through Share Settlement

Cango Inc. (NYSE: CANG) has officially completed its previously announced acquisitions of crypto mining equipment with a total hashrate of 18 Exahash per second....