Mining Financial News

15.07 / 01:13

business Mining Buy CleanSpark scoops up 1K+ mining rigs at 'substantially discounted price'

Crypto mining firm CleanSpark announced the purchase of more than 1,000 Bitcoin miners amid the market downturn, reporting a “substantially discounted price” compared to that earlier in 2022.

14.07 / 11:57

Mining Tax Bitcoin Kazakhstan to Increase Bitcoin Mining Tax Rates from 2023

Kazakhstan’s President Kassym-Jomart Tokayev has approved new tax rates for crypto miners – and tax bodies have been instructed to charge miners at a rate of up to USD 0.052 per kilowatt hour (kWh) as of January 1, 2023.

12.07 / 18:01

business Mining Hardware Bitcoin F2Pool fall Bitcoin Miner Bitcoin miner prices will continue to fall, F2Pool exec predicts

The price of cryptocurrency mining hardware is likely to continue falling in the near future amid the ongoing crypto winter, according to an executive at major Bitcoin (BTC) mining pool F2Pool.

12.07 / 00:39

business Mining Texas Crypto miners Crypto miners in Texas shut down operations as state experiences extreme heat wave

With many parts of Texas enduring days of temperatures well over 100 degrees Fahrenheit in July, many crypto miners have shuttered operations in anticipation of the state’s energy grid being unable to meet demand.

08.07 / 16:53

business Mining Bitcoin Compass Mining retrenches 15% of staff, execs to take major pay-cuts

Ongoing strife in the cryptocurrency space has forced Compass Mining to lay off 15% of its employees while top executives and staff take major pay-cuts.

08.07 / 06:55

business Mining Mining Pools Marathon Bitcoin production Marathon Q2 Bitcoin production down 44% as fleet remains crippled

Bitcoin (BTC) mining company Marathon Digital Holdings experienced a steep 43.8% decline in Bitcoin production over the second quarter of 2022, with June registering as the company’s least productive month in over a year following the fall of its Montana facility.

07.07 / 22:35

business Mining Bitcoin reports Another miner cashes in: Argo Blockchain reports selling 637 BTC to pay debts

Argo Blockchain has joined crypto mining firms including Bitfarms, Core Scientific, and Riot Blockchain in selling part of its Bitcoin holdings.

07.07 / 14:21

defi Mining DEX Foresight Foresight is a wonderful thing: DEX aggregator lists coins that might be trending soon

A major aggregator of decentralized exchanges has launched an intuitive new feature that allows traders to find out which tokens are trending right now — and the cryptocurrencies that could be next.

07.07 / 00:11

business Mining Texas Riot Coming to Texas: Riot Blockchain announces plans to move NY miners to Lone Star State

Crypto mining firm Riot Blockchain said it has begun relocating rigs from its New York data facility, with the majority intended to end up in central Texas.

06.07 / 11:31

Ethereum Mining proof-of-work Bitmain Bitmain to Launch its AntMiner E9 Despite the Ethereum Merge Edging Closer

Bitcoin (BTC) and crypto-mining monolith Bitmain will start selling its latest Ethereum (ETH) mining rig AntMiner E9 on Wednesday, even as Ethereum developers gear up for the blockchain’s shift to proof-of-stake (PoS).

06.07 / 01:03

business Mining Bitcoin Holdings bitcoin holdings Core Scientific sold $167M worth of Bitcoin holdings in June

United States-based cryptocurrency mining firm Core Scientific sold more than 7,000 Bitcoin in June to pay for servers, increase its data capacity, and settle debts.

04.07 / 14:03

Blockchain defi Mining DEX This decentralized exchange is on a quest to become an all-in-one DeFi platform

A crypto trading hub is preparing to celebrate five years of innovation at the cutting edge of DeFi — enabling investors to execute trades with low fees.

01.07 / 15:01

Blockchain Ethereum Mining Crowdfunding Have you ever wondered what it would be like to make your own token for free?

Have you ever wondered what it would be like to have your very own token?

30.06 / 13:17

Mining regulation Russian central bank exec is OK with crypto mining under one condition

Kirill Pronin, head of Russian Central Bank (CBR)’s Department of financial technologies, acknowledged the possibility of crypto mining legalization under certain conditions. A public acknowledgment like this makes a rare case, as the CBR continues to lead the battle against the efforts to legalize crypto in the country.

30.06 / 03:07

Adoption Mining Bitcoin Power Despite the Bear Market, a Salvadoran Wants to Build a USD 200M Power Plant to Mine Bitcoin

A wealthy expat Salvadoran is set to fund a USD 200m solar-powered Bitcoin (BTC) mining facility – and appears to have the backing of the government.

29.06 / 05:11

business Mining Bitcoin Marathon 75% of Marathon's mining fleet still offline two weeks after huge storm

Bitcoin mining company Marathon Digital Holdings has revealed that 75% of its mining capability has been out of commission since a severe storm hit Montana on June 11.

28.06 / 22:47

business Mining Texas Switzerland-based crypto mining firm expands operations to Texas

White Rock Management, a cryptocurrency mining company based in Switzerland, said it will be expanding its operations to the United States, starting with Texas.

28.06 / 13:53

Mining regulation Asia Uzbekistan warms up to Bitcoin mining, but there’s a catch

The National Agency of Prospective Projects (NAPP) in Uzbekistan announced its demands toward crypto mining operators. It would only allow the companies that use solar energy to mine Bitcoin (BTC) or other cryptocurrencies.

28.06 / 09:41

business Mining Electricity bills Power Compass Mining loses facility after allegedly failing to pay power bill

Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills.

21.06 / 20:31

business Mining Loans Bitcoin Bitfarms Bitfarms sold 3K Bitcoin as part of strategy to improve liquidity and pay debts

Canadian crypto mining firm Bitfarms sold roughly $62 million worth of Bitcoin (BTC) in June, using the proceeds from the sale to reduce its debt.

20.06 / 14:27

defi MARKET Mining Maker Bancor Pauses Protection Mechanism Due to ‘Hostile Market Conditions’

The decentralized finance (DeFi) protocol Bancor (BNT) said it has paused its impermanent loss (IL) protection mechanism due to what it calls “hostile market conditions.”

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