Moldova has banned crypto mining in the country as part of its emergency measures to manage its current electricity crisis. Ukraine cannot continue exporting electricity to the country, hence the shortage.
Aspen Creek Digital Corporation has announced the commencement of operations of its second high-performance computing center. The center can host 10,000 ASIC miners and is linked to a brand-new 87MW solar farm.
Leading provider of Bitcoin mining machines, Canaan Inc., has launched its Avalon Made A13 ("A13") series. The series consists of two models promoted as more power-efficient with more computational power.
Bitcoin mining difficulty has reached a new high, increasing by 13.55% over the previous figure. Part of the rising difficulty is attributed to Ethereum's "Merge" upgrade, which freed up more space for Bitcoin miners.
Norwegian government has made known its intention to eliminate subsidized electricity tax rates for Bitcoin miners. They believe miners should be exposed to the same standard electricity tax rate as other industries.
Grayscale partnered up with Foundry Digital to launch an investment vehicle centered around Bitcoin mining. This product will capitalize on the depressed prices of Bitcoin mining equipment caused by the bearish market.
The White House OSTP released a report addressing crypto mining’s impact on the climate. However, it did not sit well with Nic Carter, who stated they did not address all the necessary issues and cited unworthy sources.
The company stated that it cannot keep clients' assets on the Ethereum 2.0 network, but plans to settle with them before The Merge. This is attributed to the risk of censorship related to US sanctions on Tornado Cash.
SBI Holdings sees a 40% drop in its hash rate after it ceases crypto mining operations in Siberia, while Canaan sees an increase of 117% in its mining revenue despite China’s crypto ban and the overall decrease in mining profits.