Search Results for: mining firms

Natural Gas Price Hike Hits Crypto Miners in Iran

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Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the price of the fuel. The new rates set by the state-run supplier are almost double the previous…

Core Scientific Shares Downgraded After SEC Filing Hints at Possible Bankruptcy

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One of the largest publicly listed bitcoin miners, Core Scientific, has shaken investors with a recent filing with the U.S. Securities and Exchange Commission that raises the possibility the company may apply for bankruptcy protection. The filing notes that Core Scientific…

Bitcoin Miner Cleanspark Raises Year-End Outlook by 10%, Firm’s Hashpower Surpasses 5 EH/s

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On October 25, the bitcoin mining operation Cleanspark announced that the firm’s hashrate now exceeds 5 exahash na sekundo (EH/s), a milestone achieved more than two months ahead of the company’s original year-end goals. Cleanspark says it now aims to surpass…

Bitcoin Miner Cleanspark Completes Sandersville Facility Acquisition, Firm’s Hashrate Now 4.7 Exahash

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On October 11, the publicly-listed bitcoin miner Cleanspark announced that it has completed the acquisition of Mawson Infrastructure Group’s Georgia-based bitcoin mining facility. Following the acquisition, Cleanspark says it now manages 220 megavatov (MW) of bitcoin miners with a hashrate of…

Bitcoin Miner Greenidge Seeks to Raise $22.8 Million in Class A Common Stock Proposal

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The bitcoin mining operation Greenidge Generation is seeking to raise roughly $22.8 milijonov, according to a U.S.Securities and Exchange Commission (SEC) filing published Wednesday. According to the prospectus disclosing information, the New York-based Greenidge conducted a sales agreement with the investment…

Podjetje Crusoe Energy za pretvorbo plina v bitcoin toži rivalsko družbo Alkane Midstream zaradi kršitve patenta

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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…

Operacije rudarjenja bitcoinov se sredi kripto zime še naprej širijo, Med pretvarjanjem 'izrabljenega plina v energijo v velikem obsegu'

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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) rudarske naprave. V petek, the firm Validus Power revealed it has acquired two natural gas…

Policija v Kazahstanu aretirala združbo, ki je silila strokovnjake za IT, da vodijo kripto farme

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Law enforcement in Kazakhstan detained members of a crime group suspected of forcing IT experts into operating underground facilities for cryptocurrency mining with threats and blackmail. The racketeers allegedly made up to half a million U.S. dollars a month from their…

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….

Charlie Munger: Everybody Should Avoid Crypto ‘as if It Were an Open Sewer, Full of Malicious Organisms’

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Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, has a message for investors considering cryptocurrency. “Never touch it,” he stressed, adding that everyone should follow his example and avoid crypto “as if it were an open sewer, full of…