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.
Latest block reward mining News
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.
BTC miner Core Scientific files for bankruptcy
Despite the filing, Core Scientific expects to continue operating normally, won’t liquidate assets and has entered into restructuring support agreement with creditors.
Microsoft bans cloud mining
Microsoft quietly updated the terms of use of its online services to prohibit block reward mining effective December 1, claiming it’s to protect its users.
BTC miner Bitfarms faces NASDAQ delisting over share price deficiency
NASDAQ has issued a warning to Bitfarms, giving it 180 days to correct its share price, which has been trading below the $1 mark for more than 30 days.
Argo Blockchain can’t guarantee it will avoid bankruptcy despite London relisting
Argo Blockchain was delisted on December 9 after ‘accidentally’ publishing a statement saying it’d file Chapter 11 bankruptcy, but says it’s now restructuring amid relisting.
Kazakhstan parliament to introduce block reward mining regulations
The bill has been touted to offer several changes to the mining industry that has operated without any concrete legal framework in the country.