Representatives Steven Rudy and Chris Freeland submitted a draft bill for consideration, which could see the state introduce measures designed to support block reward mining businesses to set up shop.
Shenzhen-based and Nasdaq-listed firm 500.com has entered a definitive purchase agreement with an undisclosed party to buy ASIC mining machines.
Mining difficulty is a relative measure of the competitiveness for discovering blocks on the BTC network, rising and falling based on the amount of computing power consumed by the network.
The shutdowns started when Iran recognized mining as a legitimate industry, surging in December 2020 when most digital currencies recorded huge price spikes.
The hardware manufacturer designed the Avalon Immersion Cooling Miner A1066I to be noiseless and eco-friendly.
To enable the transition to block reward mining, the NASDAQ listed company signed a binding investment term sheet with several former board directors of ASIC hardware manufacturer Canaan.
The wholly owned subsidiary of natural gas firm Gazprom is initially running mining operations from one of its oil drilling facilities in Siberia.
By leveraging its newly assembled hashing power, the company expects to benefit from the economies of scale in purchasing equipment and managing energy cost to achieve higher returns.
The town of Torrey in New York is the subject of a number of lawsuits, following the announcement of plans to expand a block reward mining facility.
U.S.-based Riot Blockchain recently announced it would soon test a new 8-megawatt immersion cooling technology at their Texas facility.
Core Scientific is planning to increase current capacity by threefold by purchasing over 58,000 ASIC hardware miners from Bitmain.