Argo has asked the UK FCA to restore its share listing on the London Stock Exchange. The regulatory body suspended the trading of the company’s securities on LSE after Argo accidentally published it would be filing for bankruptcy.
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.
Vertrax Miner has launched its product that enables crypto miners to mine various cryptocurrencies. Its unique features aim to offer seamless mining for users.
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.
Core Scientific might be filing for bankruptcy in the near future. This is due to the prolonged decrease in Bitcoin price and other factors, which have affected the company’s liquidity.
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.
Block has hired a former Argo CTO, Perry Hothi, to assist in developing its Bitcoin mining division. This move by Block is part of its effort to provide crypto-centric services for its users.
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.
The Cambridge Centre for Alternative Finance (CCAF) revealed that Kazakhstan-based miners accounted for 13.22% of the total Bitcoin hash rate, with the country’s monthly hash rate averaging 24.6 Eh/s.
Bitcoin mining difficulty has jumped by another 3.44%. This brings the network's mining difficulty to a lifetime high of 36.84 trillion (ET). BTC's hash rate is currently between 260 and 275 EH/s.
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.
Luxor has just launched Luxor Hashprice NDF. This derivative product aims to enable miners to hedge their exposure to Bitcoin prices and the energy costs associated with mining.
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.
Bitcoin mining pool, Poolin, is under distress due to the withdrawal freeze on its wallet. Its hash rate and revenue have fallen significantly as many miners exit the pool.
YPF has moved into crypto mining and is set to power Bitcoin operations using residual gases generated from oil production. The 1-megawatt operation is currently being tested in Vaca Muerta.
Merkle Standard has increased its hashrate to 900% within eight months. This has led to the rise in its computing power from a previous rate of 0.3EH/s to 3.1EH/s.
Russian energy generation company, Inter RAO, plans to sell electricity to mining farms operating in Kazakhstan under the contract signed with Kazakh crypto mining enterprises.
Bitmain has announced its plan to offer an 80% discount on its Antminer S19 Pro mining rigs. This move by the manufacturer is to support miners struggling amid the crypto winter.
Maple Finance has come to the aid of Bitcoin mining firms by launching a $300M lending pool. It aims to deliver “low-teen” risk-adjusted returns to accredited investors and capital allocators.
According to the latest press release, BitNile Holdings Inc. expects its Bitcoin mining rate to hit 4.7 BTC per day by the end of this month, and believes this number will double by December.
A crypto mining facility has been established in South Australia, and it will be powered primarily by solar energy. Local authorities say the development is important for decarbonizing blockchain.
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.
Addressing some misconceptions surrounding Bitcoin mining and its impact on the global environment, Michael Saylor claims Bitcoin is beneficial, not detrimental.
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.
