Canadian crypto miner Great North Data files for bankruptcy
After several months of battling local complaints about its operation, noise levels, and lack of job creation, Labrador City-based cryptocurrency mining firm Great North Data has shut down.
Latest cryptocurrency mining News
Canadian crypto miner Hut 8 buys 9 data centers from Bitfury
Canada-based Hut 8 Mining Corp announced the addition of nine Blockbox AC data centers to its mining farm in Drumheller, Alberta, making the facility fully operational.
Crypto miner Canaan falls short of $400M target in US IPO
Bitcoin mining equipment manufacturer Canaan Creative has completed its listing to the Nasdaq Global Market, raising $90 million in its initial public offering.
MicroBT gearing up to launch latest Whatsminer rig: report
The new Whatsminer M30S claims some of the highest hash rates on the market with relatively comparable energy consumption rates.
Is Bitcoin mining hurting Georgia?
The Republic of Georgia's stature has grown within the crypto sector. As of November 2019, the nation is considered to be the third-largest Bitcoin miner behind the countries China and Venezuela.
Crypto mining crackdown continues despite China’s pro-blockchain stance
Despite the central government's reversal on blockchain technology, Chinese authorities continue to crack down on crypto mining companies in North China's Inner Mongolia Autonomous Region
Bitfarms crypto mining operations face troubles amid internal upheaval
Bitfarms have been going through an upheaval of late as Pierre-Luc Quimper, its president and co-founder, quit in October.
Northern Bitcoin merges with US competitor
The transaction is expected to be completed by early 2020, paving the way for the joint venture to establish itself as a global leader in crypto mining.
Bitmain rival Canaan seeks up to $100 million through its IPO
Canaan, the world's second-largest crypto miner producer, intends to raise about $100 million in its U.S. IPO on November 20.
Crypto miners in Iran face new energy tariffs
The new rules include restrictions on the use of subsidized electricity, with a bounty of up to 20% of recoverable damages payable to anyone identifying illegal mining operations.
China softens stance on Bitcoin mining
Following China’s President Xi’s recent embrace of blockchain technology, there have been several encouraging developments in China’s formal relationship with the technology.
Crypto miner Canaan revenues top $100M as IPO looms
Canaan has earned profits in the order of 94 million yuan in Q3, equivalent to around $13 million; however, it remains in the red for 2019 after weak trading earlier in the year.