Mining firm BIT Mining Limited to invest millions in data center outside China
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.
Articles By Jacob Rozen:
China block reward mining industry stalls amid news of impending crackdown
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.
Argo Blockchain purchases 2 facilities in Quebec
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 gains approval to list on Nasdaq
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.
Bitcoin SV leads all other blockchains in energy efficiency
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.
Block reward miners in South Korea getting tax break under new scheme
Companies involved in block reward mining may enjoy a significant tax break when South Korea’s new digital currency tax regime begins in 2022.
Canaan inks new deals injecting capital into firm
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.
Argo Blockchain delivers on revenue growth in 2020
For 2020, London-based Argo Blockchain reported increased revenue by 120% to £19.0 million, compared to £8.6 million the prior year.
Core Scientific spending spree continues
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.
Block reward mining facilities under Beijing’s watchful eye
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 moves ahead with plans to open mining facility in Argentina
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.
Yes, Bitcoin is eco-friendly despite popular misconceptions
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.