News with the tag "Bit Mining"

BIT Mining, a Chinese Bitcoin mining company, completed a $14.28M deal with Ethiopia on December 3rd to acquire a 51-megawatt facility and 18K mining rigs. Ethiopia is now at par with Norway, contributing about 1.5% of the total Bitcoin hashrate. Bit Mining announced its plans to expand into Ethiopi...

Landlocked between six different neighbors in the Horn of Africa, Ethiopia has approximately 120 million inhabitants, making it the second most populous nation on the continent, and a GDP of $163 billion, which puts it in the same economic league as Ukraine, Morocco, Slovakia or Kuwait. However, the...

It comes as US Bitcoin miners have had to deal with delayed deliveries of Bitmain ASICs that have been stuck at US ports of entry for weeks.

BIT Mining attributed its widened profit margins from DOGE and LTC to specialized LD3 mining machines it acquired from Bee Computing in 2021.

A crypto mining firm faces a $14 million penalty after admitting to a $2.5 million bribery scheme to secure a Japanese casino contract, which ultimately failed. A Mining Empire’s Downfall: Bribery Scandal Leads to Global Fallout The U.S. Department of Justice (DOJ) and the U.S. Securities and Exchan...

After paying the sum of $10 million, the US SEC and the DOJ has resolved the Japenese bribery scandal hanging over its head The post BIT Mining Settles With DOJ and SEC to Resolve Bribery Scandal appeared first on TheCoinrise.com .

BIT Mining, formerly known as 500.com, has settled with the U.S. Department of Justice and SEC over Foreign Corrupt Practices Act (FCPA) violations. At the same time, its former CEO, Zhengming Pan, faces criminal charges for orchestrating bribes to Japanese government officials in a failed casino re...

The partnership will leverage Chain Reaction’s ASIC announced at Bitcoin 2023 to further develop systems for miners.