Russian government subsidies crypto mining facility in Siberia
The facility, which is to open this year, will possess 30,000 crypto mining machines, hire 100 workers and consume 100 megawatts from the power grid.
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Crypto mining firms Hut 8 and US Bitcoin plan merger
The merger, which will create the company 'New Hut', is still subject to court and regulatory approval by U.S. and Canadian authorities.
Riot reports 17K miners offline due to Texas weather
The mining firm reported two of the buildings at its Whinstone facility in Rockdale were damaged in December as Texas experienced days of sub-zero temperatures.
Court permits Core Scientific to borrow $70M to replace existing loan
Investment bank B. Riley is already a Core Scientific creditor and tried to provide funds before the Bitcoin miner filed for Chapter 11.
Bitcoin mining advocate is going state-to-state to educate US lawmakers
The legislatures in Mississippi and Missouri have separately introduced bills aimed at protecting certain activities of Bitcoin miners following visits from the Satoshi Action Fund.
How Bitcoin mining saved Africa’s oldest national park from bankruptcy
The Virunga National Park's Bitcoin mine in the Democratic Republic of the Congo monetizes surplus energy for conservation efforts.
Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023
Bitcoin miners have been under duress for more than a year and even with BTC price trading at $24,000, BTC mining stocks could still face challenges throughout 2023.
Bitcoin mining revenue jumps up 50% to $23M in one month
As Bitcoin remains well-positioned for a steady recovery, the mining industry witnessed a 50% growth in revenue in terms of US dollars.
Core Scientific files motion to sell over $6M in Bitmain coupons
Some conditions applied to the coupons make them useless for Core Scientific's business, a court filing shows.
Blockstream raises $125M to finance expanded Bitcoin mining operations
Bitcoin miners came under significant pressure during the bear market; however, Blockstream said institutional hosting customers were more “resilient.”
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