Tag: bit mining

Mar 01 2022

Once A Promised Land For Bitcoin Miners, Kazakhstan Is Shifting The Regulatory Crosswinds

Following a ban on Bitcoin mining in China, many operations fled to neighboring Kazakhstan. Now, changing regulations raise questions about their future.Bitcoin’s hash rate is hovering around all-time highs, but many miners are still struggling to recover from regulatory changes in regions that became major hubs for the industry.During the summer of...

Jul 28 2021

BIT Mining Picks Kazakhstan As New Mining Base

Jul 28 2021 Published at Bitcoinist.com under tags  bitcoin mining bit mining kazakhstan

BIT Mining, a cryptocurrency mining company that recently stated it will be expanding outside of China, aims to buy 2,500 Bitcoin miners for deployment in Kazakhstan. BIT Mining Goes To Kazakhstan BIT Mining announced on Wednesday that it had agreed to buy 2,500...

Jul 13 2021

BIT Raises $50 Million To Help Bitcoin Mining Expansion Out Of China

BIT Mining announced a raise of around $50 million for the company to expand and move its operations out of China.BIT Mining, a bitcoin mining company and owner of the BTC.com mining pool, has announced that it has reached securities purchase agreements with select investors to raise $50...

Jun 22 2021

Barred From China, BIT Mining Has Started Moving Bitcoin Mining Operations To Kazakhstan

Following power cuts to its bitcoin mining operations in China, BIT Mining is moving rigs to Kazakhstan.Bitcoin mining company BIT Mining, owner of the BTC.com mining pool and the corresponding domain name, announced today that it has successfully transferred the first of three batches of bitcoin mining...

May 21 2021

Bitcoin Mining Firm BIT To Invest $25 Million In Texas Data Center

China’s BIT Mining Limited, a major bitcoin mining firm, has invested $25 million to build a data center in Texas.According to a recent press release, major bitcoin mining firm BIT Mining Limited has entered a binding investment term sheet with Dory Creek LLC,...

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