Search Results for: green power

Publicly-Listed Bitcoin Miner Cleanspark’s Hashrate Exceeds 3 Exahash, Firm Records Daily Production High of 13.25 BTC

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Bitcoin miner Cleanspark says it experienced accelerated growth amid the crypto winter this year and the operation’s hashrate has surpassed 3 exahash per second (EH/s), tripling in less than twelve months’ time. The news follows a number of expansions bitcoin mining…

Market Strategist Expects Stock Market to Drop 50% From Here, Says There’s ‘Going to Be No Middle Class Left’

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Following Jerome Powell’s hawkish commentary at the annual Jackson Hole Economic Symposium, major stock indexes, cryptocurrencies, and precious metals slid significantly in value. Over $240 billion was erased from the crypto market and the Crypto Fear and Greed Index continues to…

Applied Blockchain Changes Name, Enters Purchase Agreement for Land in North Dakota

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This week the mining operation Applied Blockchain announced that it is changing its company name to Applied Digital. Furthermore, the mining operation released 2022 financial results and operational updates that noted that the mining firm entered a purchase agreement on August…

Gas-to-Bitcoin Firm Crusoe Energy Sues Rival Alkane Midstream Over Patent Infringement

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The Denver-based gas-to-bitcoin infrastructure company Crusoe Energy is suing the rival firm Alkane Midstream LLC over alleged patent infringement and poaching customers in Colorado. Crusoe’s lawsuit claims since November 2019, “Alkane was actively monitoring Crusoe and its business.” Crypto Flare Mitigation…

Electricity Consumption of Russian Crypto Miners Spikes 20 Times in 5 Years, Research Finds

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Power needs of cryptocurrency miners in Russia have grown significantly since 2017, with consumption of electrical energy seeing a 20-fold increase over the five-year period. In 2021, the minting of the coin with the largest market cap, bitcoin, required 1.25 gigawatts…

Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting ‘Wasted Gas to Energy at Scale’

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The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm Validus Power revealed it has acquired two natural gas…

Iran Amends Regulations to Ease Crypto Miners’ Access to Renewable Energy

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Authorities in Iran have revised some rules for the crypto mining industry in order to facilitate its access to green power. Licensed miners will now be able to purchase electricity produced from renewable sources from across the country at lower rates….

European Banking Authority Concerned About Hiring Talent to Oversee Crypto Space

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Europe’s banking sector regulator is worried it won’t manage to find the specialized personnel needed for the oversight of the EU’s attempt to regulate the crypto market. The authority is also concerned over the lack of clarity regarding which digital assets…

University of Tokyo to Offer Engineering Courses in the Metaverse

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The University of Tokyo will offer a series of engineering courses using metaverse tech. The courses, which are projected to start being offered later this year, will introduce students to the subjects of engineering and will combine this knowledge with the…

Marathon Secures 254 Megawatts to Bolster Company’s 2023 Bitcoin Mining Goals

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The bitcoin mining operation Marathon has announced the company has secured 254 megawatts of new hosting deals with the option to increase to 324 megawatts (MW). Marathon’s latest expansion deals should support the bitcoin mining firm’s intended goal of securing approximately…