Crypto Mining News

Norway Government Moves To Eliminate Subsidized Electricity Tax 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 Releases Bitcoin Mining Investment Vehicle

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 Faces Chaos As Liquidity Crisis Continues

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.

Argentina’s State-Owned Oil Subsidiary YPF Luz Moves into Crypto Mining

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 Increases Hashrate to 900% Within 8 Months

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.

Russia Plans To Sell Electricity To Kazakhstan Miners

‍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 Helps Miners By Offering Antminer Mining Rigs At Discounted Rate

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 Offers To Help Bitcoin Mining Firms With a $300M Lending Pool

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.

BitNile Expects Its Bitcoin Mining Rate To Double By December

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.

South Australia’s First Solar-Powered Bitcoin Mining Facility Begins Operation

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.

Nic Carter Comments on White House Crypto Mining Climate Implication Report

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.

Michael Saylor Shares Thoughts on Bitcoin Mining and the Environment

Addressing some misconceptions surrounding Bitcoin mining and its impact on the global environment, Michael Saylor claims Bitcoin is beneficial, not detrimental.

Hive Blockchain Considers Mining Ethereum Alternatives Ahead Of The Merge

Hive Blockchain begins analyzing other GPU mineable coins to optimize its mining equipment for the upcoming Ethereum Merge.

Poolin To Suspend BTC And ETH Withdrawals Starting September 6

Poolin revealed its plans to freeze Bitcoin and Ethereum withdrawals after September 6 to stabilize liquidity and preserve users’ assets.

AntPool To Cease Maintenance Of Clients’ Assets On Ethereum After The Merge

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.

Iran Confiscates Over 9,400 Illegal Mining Rigs Operating In Tehran

Iranian authorities seize 9,404 mining rigs from different districts of Tehran as the country suffers from power shortages throughout the summer. 

Miners To Make A Choice As Ethereum Merge Approaches

Experts weigh in on the impact of the upcoming Ethereum Merge on mining pools and miners.

SBI Holdings Loses 40% Of Its Hash Rate, Canaan Doubles Mining Profits

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.

Miner Selloff Reduces With Increased Mining Difficulty

Panicking miners sold off their BTC following the Luna crash; however, recent reports indicate a reduction in the selloff rate.

Bitmain And Antpool Partners With Antalpha To Support Bitcoin Mining Industry Amid Capitulation

Bitmain and its mining pool are partnering with Antalpha to help miners refinance billions of dollars in debt at lower rates.

Bitcoin Mining Revenue Gains 69% From 2022 Low

Recent data reveals that BTC mining revenue rose from $13.9 million in July to $23.5 million in August, achieving a 69% growth.

Bitcoin Mining Company CleanSpark Acquires 86MW Mining Facility

Bitcoin mining company, CleanSpark, widens its tentacles by acquiring 86MW Georgia-based facility.
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