Tag: crypto miners

May 20 2022

Bit Digital hosting partners shut down crypto miners after explosion

May 20 2022 Published at Coinscreed under tags  bit digital crypto miners news

Bit Digital, a crypto mining company based in New York, said two of its hosting partners had shut down more than 4,800 rigs due to power outages at various locations. Bit Digital said in a Thursday release that "an explosion and ensuing fire" damaged a substation in Niagara Falls, forcing its partner Blockfusion USA to […] The post...

May 13 2022

Norwegian Crypto Miners Rejoice As Proposed Ban Rejected

On May 10, 2022, the parliament of Norway voted against a proposed ban on Bitcoin mining in the country. This was good news for crypto miners, who were relieved at the decision. Red Party (communist party of Norway) initially recommended a plan to restrict the Bitcoin mining activities...

May 05 2022

Kazakhstan imposes strict energy consumption reporting requirements on crypto miners

Kazakhstan has imposed new reporting requirements that seek to determine the energy consumption rate by crypto miners. The order requires every crypto- miner in the country to provide detailed information about their operations 30 days before commencing operations. Kazakhstan requests new information from miners...

Apr 08 2022

Big Crypto Miners Are Shifting Towards Europe, Middle East; Here’s Why

Major crypto miners in North America are looking to expand into regions with more power resources and less regulatory pressure. At the Bitcoin Conference 2022 in Miami on Thursday, crypto miners such as Core Scientific, Riot Blockchain, Marathon Digital, and Argo Blockchain shared their interest in expansion to Scandinavia, the Middle East, and other lightly-regulated...

Feb 12 2022

The IRS’ Reporting Requirements For Brokers Won’t Affect Crypto Miners & Stakers

The infamous Infrastructure Bill put the IRS in a difficult situation. The bill gave the organization incredible fund tracking superpowers. The thing is, the measurements were impossible to enforce. Now, Bloomberg...

Feb 04 2022

Texas Crypto Miners To Close Operations On Upcoming Winter Storm

Major Texas crypto miners adopt a proactive approach and close down 99% of their mining operations to fear an expected Arctic blast. A massive winter storm with heavy snow, rains, and flash flooding with thundered storms can damage the power grids of state areas....

Oct 04 2021

Kyrgyzstan Government Raises Rates For Crypto Miners

The Cabinet of Ministers of Kyrgyzstan has recently revised its electricity tariffs for different groups of consumers. The authorities have raised the rates at which crypto mining businesses buy power. They cited the energy- intensive nature of the crypto mining process. Related Reading | More Miners Come Back Online...

Jul 01 2021

Blockware Mining Closes $25M Investment Round, Plans To Triple Hash Rate From Kentucky Facility

Jul 01 2021 Published at Bitcoinist.com under tags  bitcoin blockware btc crypto miners miners

Blockware announced on Thursday that a second oversubscribed fundraising round had raised $25 million. Blockware Raise Money In Oversubscribed Round North American bitcoin mining company Blockware Mining today announced that it has raised over $25 million in...

May 24 2021

China’s Ban On Mining Is Changing Crypto’s Landscape

May 24 2021 Published at Bitcoinist.com under tags  btc china crypto miners eth mining

China announced last week that financial institutions in the country would no longer be able to sell Bitcoin services, and that mining would be prohibited. Many in the Bitcoin community, including this paper, reacted with skepticism to the news, noting that China has previously “banned” its companies from using Bitcoin with little effect, and that it is...

China Crackdown: Chinese Crypto Miners Halt Business In Home Country and Plan to Move Overseas

China's recent decision to ban crypto mining and trading operations within the country has had a widespread impact on the crypto markets. The crypto market...

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