UAE’s Bitcoin Mining Firm Phoenix Group Secures $370 Million in Oversubscribed IPO
The United Arab Emirates (UAE) is making its entry into the bitcoin mining sector. In a recent declaration by Phoenix Group PLC, a bitcoin...
Bitmain to Support Aleo’s PoW Blockchain With Latest Antminer Release
Crypto mining rig manufacturer Bitmain plans to release a new Antminer supporting the proof-of-work (PoW) blockchain network Aleo. The announcement comes after Bitmain’s recent...
Bitcoin Mining Company Hut 8 to Bid for Natural Gas Power Plants and Bitcoin...
Hut 8, a public Bitcoin mining company, announced it has been cleared to issue a “stalking horse” bid for several natural gas power plants...
Beijing-Based Bitcoin Miner Bitmain Faces Fines for Tax Regulation Breach – Here’s the Latest
Major crypto mining hardware maker Bitmain is reportedly looking at a nearly $4 million-heavy fine for unpaid taxes in Beijing.According to a report by the local news agency Sina Finance, Bitmain...
Core Scientific to Pay Outstanding Debt with Mining Machines
Monetary & Financial Freedom With blockchain, we will put an end to the monopoly of government-issued currencies, as suggested in the title of...
Bitcoin Mining Difficulty Surpasses 50 Trillion for the First Time, Reaching a Record 51.23...
On Wednesday, Bitcoin reached a new milestone as its mining difficulty increased by 3.4% at block height 792,288, setting a fresh record. The difficulty...
BankProv Stops Offering Loans Secured by Crypto Mining Rigs
After wiping down $47.9 million in loans that were mostly secured by cryptocurrency mining rigs during the year 2022, the holding company for the...
Intel to Discontinue Blockscale Bitcoin Mining Chips
Major United States-based technology company Intel has announced plans to discontinue its Blockscale Bitcoin mining chips. According to a Reuters report on April 18,...
White House Council Reignites 30 Percent Tax on Crypto Mining
The White House is pushing to tax cryptocurrency miners to “pay their fair share” for the costs inflicted on local communities and the environment.Electricity...
Bitcoin Mining ‘the Highest User of Sustainable Energy’ New Data Reveals
Bitcoin mining is the highest user of sustainable energy and has similarly achieved the highest increase in sustainable energy mix between July 2019 and...