Crypto mining service Sattva Block Co has announced the launch of two new mining sites. They will use liquid cooling technology to boost hash rate, efficiency, environmental sustainability, and overall mining performance.
Argo’s attempt to raise $27 million to sustain its business was unsuccessful. The company called off the LoI signed with a strategic investor because the deal could not go through under the previously announced terms.
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.
Bitcompare.net is a trading name of Tokentalk Ltd. Registered in England No. 11332964. Registered Office: Unit 3 Mitcham Industrial Estate, 85 Streatham Road, Mitcham, United Kingdom, CR4 2AP.
Advertiser disclosure: Bitcompare is a comparison engine that is supported by advertising. The commercial opportunities that may be discovered on this site are provided by firms with whom Bitcompare has negotiated relationships. This relationship may affect the way and where products appear on the site, such as in which order they are listed in categories. Other elements, such as our proprietary website’s ranking algorithms, may also factor into the placement of product information. Bitcompare does not review or include all companies or all products available in the market.
Editorial disclosure: The editorial content on Bitcompare is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone. Additionally, the opinions of the commenters are not necessarily the views of Bitcompare or any of its staff. Comments submitted to this site are moderated and will not appear until approved by a Bitcompare administrator.