Category: Mining

Chinese Authorities Might Be Rethinking Their Negative Stance on Crypto Mining

Chinese Authorities Might Be Rethinking Their Negative Stance on Crypto Mining

China might be backpedaling on their negative stance towards cryptocurrency mining. Back in September 24, the National Development and Reform Commission added digital asset mining into its list of outdated industries — which followed after severe crackdown on crypto miners. Just recently, the agency started seeking public opinion regarding the inclusion of crypto mining in […]

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Stronghold Digital Mining stock spikes 52% on its first day of trading

Stronghold Digital Mining stock spikes 52% on its first day of trading

The stock for Stronghold Digital Mining, a Pennsylvania-based bitcoin mining firm, rose more than 52% on its first day of trading on NASDAQ.  The pricing range was originally set between $16 and $18 per share, The Block previously reported, with the final price set at $19. As of publication, the stock is now worth nearly […]

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Russian oil industry asks regulators to let them mine crypto using wasted flare gas

Russian oil industry asks regulators to let them mine crypto using wasted flare gas

Russian regulators are considering a push from oil and gas firms, seeking authorization to mine cryptocurrencies using natural gas that is otherwise wasted in oil drilling. Per an October 20 report from business outlet Kommersant, the Russian Central Bank, Ministry of Industry and Trade and Ministry of Digital Development are discussing authorization for oil industry […]

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Iran to Pilot ‘National Cryptocurrency,’ Amend Central Bank Law

Iran to Pilot ‘National Cryptocurrency,’ Amend Central Bank Law

The central bank of Iran is gearing up to begin the pilot phase of its digital currency project in the near future, its new head announced to representatives of local media. The monetary authority is also preparing to move forward with a plan to reform the legislation that governs its own activities. Iran Preps Pilot […]

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Atlas Mining is migrating a large supply of Bitcoin miners to the US

Atlas Mining is migrating a large supply of Bitcoin miners to the US

Singapore-headquartered Atlas Mining, which previously had extensive Bitcoin mining operations in China, is set to move a significant amount of hash rate to North America. Atlas Mining said in an announcement on Tuesday that it has signed a partnership with U.S-based mining colocation provider Compute North for over 100 megawatts (MW) of hosting capacity. The […]

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Local Businesses in New York Urge Governor to Impose Statewide Bitcoin Mining Moratorium

Local Businesses in New York Urge Governor to Impose Statewide Bitcoin Mining Moratorium

The governor of New York state, Kathy Hochul, has been urged by a group of local companies to deny business permits to bitcoin miners. The letter specifically asks for the “denial of permits for the Greenidge Generating Station and the Fortistar North Tonawanda Facility.” The letter also calls for the New York government to assess […]

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Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners

Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners

Authorities in Belarus and the Russian Federation are taking steps to separate cryptocurrency miners from other groups of power users and deny them access to subsidized energy. This could lead to the adoption of differentiated electricity rates for businesses involved in digital coin minting activities. Cryptocurrency Miners in Russia and Belarus May Face Higher Energy […]

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