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BIT Mining Limited will invest $25.74 million and jointly build and operate the Texas mining center with Dory Creek, a wholly owned subsidiary of Bitdeer, Inc.
Digital currency miners in China, including HashCow and BTC.TOP, halted all or part of their local operations after Beijing officials signaled a potential crackdown on BTC mining and trading activities.
The block reward miner has completed the purchase of two data centers in Quebec, Canada. This follows an earlier announcement this year that the firm purchased land in Texas.
Bitfarms claims to be the first block reward miner to trade on the Nasdaq Global Market tier, which is reserved for companies who fulfill a higher level of financial liquidity and other requirements.
Elon Musk recognized that despite the misinformation campaign waged by BTC zealots and charlatans, the sector still relies heavily on non-eco-friendly fossil fuels to produce the inferior tokens.
Companies involved in block reward mining may enjoy a significant tax break when South Korea’s new digital currency tax regime begins in 2022.
The NASDAQ-listed blockchain mining hardware maker announced this week that it entered a purchase order agreement with Genesis Digital Assets Limited valued at up to $93.63 million.
For 2020, London-based Argo Blockchain reported increased revenue by 120% to £19.0 million, compared to £8.6 million the prior year.
The firm entered into a sales agreement with strategic partner Bitmain Technologies Limited to buy a mix of its S19, S19 Pro, S19J, and S19J Pro Antminers hardware rigs.
The Beijing Municipal Bureau of Economy and Information Technology reportedly sent an "emergency notice" to the city's data center operators to report if they're involved in the digital currency mining businesses.
Bitfarms signed a power purchase agreement with an undisclosed private Argentinian power producer enabling the firm to draw up to 210MW of electricity at its discretion.
A common misconception seems to be that Bitcoin’s proof of work mechanism exceeds that of the many small nations, thus making it harmful to the environment and detrimental to power grids.
