Poolin finds partner as it eyes North America expansion
Hong Kong-based block reward mining pool Poolin has acquired the hashrate of rival NovaBlock to expand into North America and increase its hash power dominance.
Hong Kong-based block reward mining pool Poolin has acquired the hashrate of rival NovaBlock to expand into North America and increase its hash power dominance.
The publicly listed block reward mining operation expects gross proceeds of nearly CAD$40 million via the sale in the United States of 11,560,695 common shares.
The global chip shortage is disrupting production across a worldwide array of products, including automobiles, consumer electronics, and, yes, even blockchain mining.
The NYSE-listed online sports lottery firm signed a definitive agreement to purchase 5,900 ASIC miners for 55.2 million yuan (around $8.5 million).
The South Korea tech giant is reportedly looking at investing upwards of $10 billion to build its most cutting edge logic chip producing plant in the United States.
The Canada-based block reward miner will use the funds to provide a US$2.9 million deposit to purchase 5,400 new Whatsminer M30S ASIC mining machines from MicroBT.
Block reward miner Bit Digital faces a class-action lawsuit in the Southern District Court of New York as investors are accusing the firm of making false and misleading statements.
The New York Police Department has published a six-page report that explains its use policy for digital currency transaction analysis.
Canada-based Hive Blockchain Technologies Ltd. announced it exceeded its ASIC capacity goal of 1,000 PH/s through the purchase of 6,400 Canaan AvalonMiner 1246 next-generation miners.
An Nvidia executive said if demand in the digital currency market picked up to a “meaningful” level, the company could again start selling specialized cards to address the mining demand.
The facility's opening highlights the difference between blockchain infrastructure companies that understand Bitcoin and support its adoption versus companies out to make quick cash.
For most normal people, the Ethereum blockchain is pretty much unusable for average size transactions—costing about $60 to send an ERC20 token, Jacob Rozen writes.