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.
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.
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.
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.
