Estonian court nixes extradition of accused crypto scammers to US
Ivan Turogin and Sergei Potapenko, co-founders of Bitcoin cloud miner HashFlare, have successfully appealed their extradition from Estonia to the United States, where the two face 18 counts of fraud and money laundering. The Tallinn Circuit Court overturned a lower court’s order on Nov. 29, ...
Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining
Nasdaq-listed Iris Energy has bought 248 state of the art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative AI in addition to its core business focus on Bitcoin mining.The firm expects to receive delivery of the 248 GPUs in the coming months and plans to d ...
Canaan’s 2Q mining revenue jumps 43% on 1Q, but net loss climbs 31%
Bitcoin mining company Canaan announced its unaudited financial results for Q2 2023, showing growth in computing power sold and BTC mining revenues while it tackled a significant net loss of $110 million. up 31% on Q1.The NASDAQ-listed company outlined a variety of reasons influencing incr ...
Argo Blockchain cuts 2022 debt by half, down to $75M
The mining company, which has been one of a number of firms to struggle amid negative market conditions and a highly-competitive mining ecosystem, reported half year net losses of $18.8 million in 2023, down over 50% from a net loss of $39.6 million in H1 2022.Argo also notes that it has r ...
Binance launches Bitcoin mining cloud services amid SEC crackdown in the US
Crypto exchange Binance announced the launch of new subscription-based could mining products dedicated to Bitcoin (BTC) mining. Starting June 15, users that are interested in Bitcoin mining but lack the equipment can subscribe to Binance’s cloud mining services and purchase hashrates ...
North Korean Authorities Leverage Cyberattacks and Crypto Theft for Funding
The U.S. government believes that cyberattacks and cryptocurrency theft have become a major source of income for the North Korean authorities. At least half of North Korea's missile program is funded by cybercrime, says Anne Neuberger, de ...
North Korean Hacker Group APT43 Allegedly Laundering Cryptocurrencies Through Cloud Mining Services
Based on a recent report by Mandiant, a cybersecurity firm based in the US, North Korean hacker group APT43, also known as Kimuski, is utilizing cloud mining services to launder the cryptocurrencies they've stolen. The report further reveals that APT43 is stealing enough digital assets to purchas ...