News with the tag "Crypto Mining News"

Bitdeer acquires a 19-acre site in Alberta for Bitcoin mining and power generation. New 101 MW power plant and data center set to boost Bitdeer’s mining capacity. Bitdeer aims for full vertical integration with its energy and mining operations. Bitdeer has scaled its operations by buying a 19-acre s...

Russia’s Federal Security Service (FSB) confirmed putting a resident behind bars for seven years. The resident of Yakutia was found guilty of sending crypto to the aid of Ukrainian forces. The FSB filed a criminal case under Article 275 of the Criminal Code of the Russian Federation. A resident of Y...

Phoenix Group’s North Dakota facility adds over 2.7 exahashes to its global hash rate. Completed in under five months, the site showcases engineering efficiency and scalability. The facility strengthens the company’s position as a leader in blockchain innovation. Phoenix Group has opened a 50-megawa...

Russia has imposed a 6-year ban on crypto mining. The crypto mining ban cuts across 10 different regions. Russia’s electric energy challenges triggered the crypto mining ban. The Russian government has reportedly imposed a six-year cryptocurrency mining ban across 10 regions within the federation. T...

Former President Donald Trump’s call for Bitcoin to be “mined, minted, and made” in the United States could significantly challenge the dominance of China-based Bitmain Technologies Ltd., according to a Bloomberg report. Bitmain, a leading manufacturer of Bitcoin mining equipment, currently controls...

On-chain analysts have noticed a key trend in Bitcoin miners’ behavior this year. Even with the rise in BTC price, the miner-to-exchange transfer rate has significantly decreased, suggesting that BTC miners are choosing to keep their coins. At the same time, a JP Morgan analyst noted that August saw...

Bitcoin miners HIVE Blockchain and TeraWulf are focusing on efficiency to navigate the challenges posed by the recent Bitcoin halving. Michael Saylor, founder of Microstrategy, emphasized the importance of miners adopting the “Bitcoin Standard,” echoing the sentiment of the broader industry. Bitcoin...

Russia took a significant step in crypto regulation; in the mining sector. President Vladimir Putin has signed legislation that legalizes cryptocurrency mining in Russia. The new laws, passed by the State Duma, will be effective November 1, 2024. Breaking: Putin signs both crypto laws. The State Dum...