Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees
Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021…
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New York Mayor Supportive of Mining Restrictions but Maintains Crypto Hub Objective
Mayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban imposed in the state. A law signed by fellow Democrat…
Kazakhstan Auditors Go After Crypto Miners Accused of Exploiting Tax Benefits
Authorities in Kazakhstan have found several businesses minting digital currencies that took advantage of tax cuts they were allegedly not supposed to benefit from. Auditors said the crypto firms registered…
Kazakhstan Mulls Nuclear Power to Deal With Electricity Shortages Blamed on Crypto Miners
The government in Kazakhstan is considering building a nuclear power plant to overcome an electricity deficit allegedly caused by the booming crypto mining industry. Problems with power supply are driving…
Bitcoin Mining Company Griid Plans for Public Listing on NYSE via SPAC Deal
After the vertically integrated bitcoin self-mining company Griid revealed it secured a $525 million credit facility from Blockchain.com, the company revealed it plans to go public via a special purpose…