Mining Financial News

10.02 / 01:01

Mining regulation Discrimination Mississippi senate passes bill to protect cryptocurrency miners from discrimination

The American state of Mississippi is one step closer to protecting the rights of cryptocurrency miners after the state senate passed the Mississippi Digital Asset Mining Act on Feb. 8. There is a companion bill under consideration in the state house of representatives.

09.02 / 19:59

business Mining Loans Bankruptcy Bitfarms Bitfarms settles outstanding loan with BlockFi for $7.75M

Bitcoin (BTC) miner Bitfarms has settled its debt obligations with BlockFi, closing the chapter on its short relationship with the bankrupt cryptocurrency lender.

09.02 / 19:09

Stablecoin Mining Latin America LocalBitcoins Tether Legal Investment Testnet Today in Crypto: Aave Announces Launch of GHO Stablecoin on Ethereum’s Goerli Testnet, MakerDAO Establishes Phoenix Labs, LocalBitcoins Closing down

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

09.02 / 13:35

business Blockchain Mining Bitcoin Argo CEO follows resignation trend after company acquisition by Galaxy Digital

The cryptocurrency miner Argo continues to undergo a series of company changes in light of its major acquisition and newly filed lawsuit.

09.02 / 13:35

business Adoption Mining regulation Mining Pools Russian government subsidizes crypto mining facility in Siberia

The crypto mining industry has faced moratoriums in some parts of the U.S. and Canada in recent months. Now, Russia provides tax incentives for those who want to invest in crypto mining. The new $12 million crypto mining center will open in East Siberia with the direct support of the government.

09.02 / 08:03

business Mining Bitcoin Hut 8 merger would've happened even without FTX or crypto turmoil, says CEO

Crypto exchange FTX’s collapse and overall crypto market turmoil were not key factors in the decision to merge crypto mining firm Hut 8 with US Bitcoin Corp., according to Hut 8 CEO Jamie Leverton.

09.02 / 01:31

business Mining Bitmain Cloud Mining Cloud mining firm BitFuFu postpones merger with SPAC until May

Cloud mining firm Bitfufu, one of Bitmain's crypto firms, is delaying for the second time its plans to go public via a special-purpose acquisition company (SPAC), according to a statement on Feb. 7.

08.02 / 17:51

Mining regulation Elizabeth Warren Energy usage US Senator Elizabeth Warren Leads the Charge to Learn More About Crypto Mining Energy Usage – Regulation Incoming?

Elizabeth Warren, the Democratic Senator who is known as a fierce crypto critic, is now part of an effort by lawmakers to learn more about the energy use of crypto mining.

08.02 / 01:19

Mining regulation Environment information lawmakers Energy usage Lawmakers write to US officials about crypto energy usage information gathering

United States Environmental Protection Agency Administrator Michael Regan and Energy Secretary Jennifer Granholm were the recipients Feb. 6 of another letter on the environmental impact of cryptocurrency mining. Eight Democratic lawmakers headed by Elizabeth Warren reached out to the officials this time.

07.02 / 19:31

business Mining Crypto mining firms Hut 8 and US Bitcoin plan merger

Canada-based cryptocurrency mining company Hut 8 Mining has announced plans to merge with U.S. Bitcoin to form Hut 8 Corp, or "New Hut".

07.02 / 09:27

business Mining regulation Investments Court Bitcoin Power Layer1 CEO alleges co-founder is using majority power to 'ransack' company

The CEO of crypto miner Layer1 Technologies has filed a lawsuit against the firm’s two other board members — including co-founder Jakov Dolic — for allegedly commandeering Layer1's operations for their own gain.

07.02 / 01:11

business Mining Environment reports Riot Riot reports 17K miners offline due to Texas weather

Crypto mining firm Riot Platforms — formerly Riot Blockchain — reported that 17,040 rigs deployed at its operations in Texas were offline due to “severe winter weather” in the state.

03.02 / 15:35

business Mining regulation ASIC Bankruptcy Core Scientific to hand over 27K rigs to pay $38M debt

Crypto mining firm Core Scientific made a deal with the New York Digital Investment Group (NYDIG) to pay off an outstanding debt of $38.6 million by handing over more than 27,000 mining machines used as collateral.

03.02 / 08:33

business Mining MicroStrategy Press Release Bitcoin NOT Marathon’s first Bitcoin sale in 2 years not the result of distress

The second largest publicly-listed holder of Bitcoin, crypto mining firm Marathon Digital Holdings has offloaded some of its Bitcoin for the first time in two years.

01.02 / 09:19

business Mining regulation SEC Banks Interest rates Loans Backed Crypto-friendly bank ends loans backed by crypto mining rigs

The holding company for the crypto-friendly bank, BankProv, has revealed it’s no longer providing loans secured by cryptocurrency mining rigs after writing off $47.9 million in loans primarily secured by them throughout 2022.

31.01 / 16:53

business Mining Bitcoin Bitcoin Miner Bitcoin miner Greenidge cuts NYDIG debt from $72M to $17M

Bitcoin (BTC) mining company Greenidge Generation has significantly reduced its debt with the investment management firm, New York Digital Investment Group (NYDIG).

31.01 / 09:21

business Mining Court Bankruptcy Bitcoin BlockFi gets court nod to sell crypto mining assets

Bankrupt crypto lender BlockFi has been granted court approval to sell off its crypto mining equipment as part of ongoing efforts to repay its creditors.

31.01 / 02:29

Adoption Mining Environment Funding Africa Bitcoin National park How Bitcoin mining saved Africa's oldest national park from bankruptcy

Virunga National Park in the Democratic Republic of the Congo has become the first national park in the world to run a Bitcoin (BTC) mine in an effort to protect its forests and wildlife. Cointelegraph spoke with Sébastien Gouspillou, CEO of Big Block Green Services, and the man who introduced Bitcoin mining to the park.

30.01 / 21:49

markets Mining stocks Bitmain Bitcoin Bitcoin Price BTC Mining Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023

Bitcoin mining stocks usually follow BTC’s price because it directly influences the company's earnings. These stocks were beaten down heavily in the last quarter of 2022, especially in the month of December. The downturn after FTX's collapse worsened with the bankruptcy filings of the largest U.S.-based Bitcoin mining company, Core Scientific.

30.01 / 12:29

business Mining Hash Rate income Bitcoin Dollar Bitcoin mining revenue jumps up 50% to $23M in one month

As Bitcoin (BTC) shows a minor bull run, the connected sub-ecosystems’ year-long struggle for survival has started to pay off. For starters, the Bitcoin mining community experienced a 50% increase in revenue — through mining rewards and transaction fees — in the first month of 2023.

28.01 / 23:35

business Mining Bitmain Core Scientific files motion to sell over $6M in Bitmain coupons

Bankrupt Bitcoin (BTC) mining firm Core Scientific filed on Jan. 25 an emergency motion seeking to sell Bitmain coupons worth $6.6 million, according to court records.

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