The Ethiopian government will invest $250 million in the development of Bitcoin mining
The Ethiopian authorities have announced a groundbreaking plan to invest a whopping $250 million in developing infrastructure for bitcoin mining and educating their citizens in digital technologies. This visionary move comes as the government signed an agreement with Data Center ...
In Dagestan, 16 cases of electricity theft were identified in 2023
PJSC Rosseti Northern Caucasus has released a report stating that the total amount of unaccounted electricity consumed by miners in the North Caucasus region exceeded 22.5 million kWh by the end of 2023.According to Dagenergo, the North Caucasus branch, the Republic of ...
Riot Platforms plans to launch a 400 MW mining farm in Texas
An exciting development is taking place in the world of cryptocurrency as Riot Platforms, an American company headquartered in Colorado, prepares to launch a state-of-the-art bitcoin mining farm in Texas. Set to commence operations in March, the initial phase will boast an impre ...
Chinese mining companies are expanding their business in Ethiopia
Chinese companies have identified Ethiopia as a strategic destination for investment and the establishment of large-scale bitcoin mining operations, according to sources from Bloomberg. The legalization of bitcoin mining in Ethiopia in 2022 has opened up new opportunities for fo ...
The US Energy Information Administration will collect data on Bitcoin mining
The US Office of Management and Budget (OMB) has given authorization to the Energy Information Administration (EIA) to collect detailed data on electricity consumption and usage specifically from mining companies. Due to the recent cold weather and the surge in mining a ...
A Mongolian citizen was detained at Russian customs for attempting to export mining equipment
Customs officers at the Kyakhta checkpoint in Buryatia intercepted an attempt to unlawfully export two pre-owned Watsmimer M21 ASIC miners manufactured by MicroBT, a Chinese company.The Russian Federal Customs Service apprehended a Mongolian citizen who claimed to be tr ...
Canadian court bans mining in British Columbia
A court in the Canadian province of British Columbia has upheld an 18-month moratorium imposed by local energy companies on cryptocurrency mining companies, making it the latest jurisdiction to implement such restrictions. The court, led by Judge Michael Tammen, conclud ...
Bitdeer: Antminer S21 became the technological breakthrough of the year
In a groundbreaking development for cryptocurrency mining technology, the Antminer S21 from Bitmain emerged as the frontrunner in 2023, according to cloud mining platform Bitdeer. Bitdeer recently hosted its inaugural Mining Awards ceremony, honoring industry leaders in ...
Two senior employees of the Patterson school district in the United States were accused of illegal mining
The US Department of Justice has filed charges against two high-ranking individuals from the Patterson Unified School District for engaging in illegal cryptocurrency mining activities at ten local schools.Prosecutors allege that Jeffrey Menge, the school district's assi ...
An underground mining farm with 378 devices was discovered in Dagestan
Authorities in Dagestan, with the assistance of energy workers, carried out a successful operation to uncover hidden cryptocurrency mining operations. During the operation, a large-scale farm consisting of 378 devices was found in the city of Kizilyurt.Police officers f ...