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BankProv refuses to issue loans secured by mining equipment
Cryptocurrency-friendly American BankProv has announced that it will no longer provide loans secured by cryptocurrency mining equipment.. The bank has already written off similar loans for $47.9 million. The Bank has filed an official statement with the US Securities a ...
Kazakh mining, stock exchanges and exchangers: how the crypto industry works with neighbors
The Republic of Kazakhstan is one of the world leaders in terms of mining. Now the authorities of this largest CIS country after Russia are introducing legislative regulation of the crypto industry. How much will it complicate the life of miners and other players in the crypto ...
Allied Market Research: Global Bitcoin Mining Equipment Market to Surpass $1.7 Billion
According to the results of a study by the American company Allied Market Research, in 2021 the global market for bitcoin mining equipment was estimated at $529 million. Analysts of the company expect that with an average annual growth rate of 12.6%, the market wil ...
Blockstream Raises $125M To Expand Bitcoin Mining
One of the largest mining operators in the world, Blockstream, intends to continue to increase its equipment fleet, as it sees a shortage of capacity in the industry. The company reported raising $125 million to expand its bitcoin (BTC) mining business.. With the help ...
Pennsylvania to Open America’s First Atomic-Powered Bitcoin Mining Center
Cumulus Data, a subsidiary of independent electricity producer Talen Energy, has completed construction of the first US-based Cumulus Susquehanna data center with a promise of zero carbon emissions. The new data center will have a capacity of more than 40 MW, a ...
Compass Mining clients sued the company for $2 million
The mining company is accused of not being able to return equipment purchased by customers, which is now located in Russia. It is reported that clients of the Texas mining company Compass Mining sued the company demanding a refund of $ 2 million for unreturned equipmen ...
New York City environmental activists oppose mining at Fortistar gas power plant
Environmental organization Earthjustice has filed a lawsuit against the New York Community Services Commission (PSC), which approved the use of the Fortistar power plant by the mining company Digihost International. Earthjustice, a non-profit environmental law organiza ...
BIT Mining Releases ASIC Miner for Litecoin and Dogecoin Mining
BIT Mining introduced the LD3 device for mining Litecoin and Dogecoin. More than 5,000 devices have already been released. Against the backdrop of such news, the shares of the crypto company rose by 51%. Of the first batch of 5,000 devices, some will be used by BIT Mining itself, and some will be ...
Residents of the Irkutsk region are asked to introduce differentiated tariffs for miners
Residents of the Irkutsk region sent an appeal to Russian President Vladimir Putin with a request to influence the resolution of the negative situation in the region's electric power industry. According to the Lenta.ru news outlet, the head of state received an ap ...
How crypto winter affected the level of hashrate and bitcoin mining
According to a new insight from mining company Luxor, the numbers associated with Bitcoin mining in 2022 demonstrate the “coin’s resilience.” Unprofitable mining 2022 has become extremely unprofitable for the miners of the first cryptocurrency. It is noteworthy tha ...