Argo Blockchain caught up in lawsuit over claims of misleading investors
The plaintiffs claim that Argo Blockchain misrepresented some facts regarding the financial strength of the company in its security offering to the public.
Latest block reward mining News
Hydro-Quebec CEO behind push to ban new power allocation to BTC miners to leave post
Sophie Brochu has been the CEO of Hydro-Quebec for three years and during her tenure, she called on regulators to suspend the allocation of 270MW to BTC miners.
Argo Blockchain regains Nasdaq compliance as price recovers
Argo received a warning from Nasdaq in December that it would be delisted if its price stayed below the threshold $1 mark as it struggled in the bear market.
Brunei’s national police shuts down 2 illegal block reward mining operations
Law enforcement confirmed that block reward mining rigs and machines were discovered at the two locations, and both used illegal electricity connections to mask their mining activity.
BTC miner Core Scientific to shut down 37,000 mining rigs owned by Celsius Network
Core Scientific has been in dispute with the bankrupt Celsius Network over the mining rigs, with the lender owing $7.8 million to the bankrupt BTC miner since November.
Compass Mining wins $1.5M settlement against hosting firm Dynamics Corp
Compass Mining filed the lawsuit in June after Dynamics terminated a hosting agreement with the miner—a rare win in a year that has not favored the miner.
Chinese Communist Party official pleads guilty to aiding BTC miners
Xiao Yi was the CCP Secretary in the City of Fuzhou from ‘18 to ‘21, and during that time, he aided miners through electricity assurance, capital aid, and subsidies.
Smoke & miners: Myth of BTC network ‘decentralization’ exposed
The next 'halving' of the BTC block reward, expected to take place in mid-2024, would further reduce margins and squeeze out smaller miners struggling to make a profit from their existing operations.
Argo Blockchain sells Helios mining facility for $65 million to Galaxy Digital
Argo sold the facility for $65 million while also securing an extra $35 million loan from the Mike Novogratz-owned firm as it struggles with the bear market.
Blockware sued by BTC mining client for fraud
London-based Faes & Company claims that Blockware lied about owning hosting facilities and BTC mining machines' uptime and wants $250,000 in damages.
Understanding Bitcoin energy consumption
Proof of Work gives a trustless model for resilience and security, including identifying assets and preventing fraud and risk, protecting critical infrastructure, detecting activities on a network, and more.
Kazakhstan’s miners face stiffer regulations following new bill
The incoming legislation will require miners to buy electricity from the state-owned KOREM, which miners believe could impose unnecessary bureaucracies.