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Decommissioned Power Plant in Armenia to Host Crypto Mining Farms

Armenia is going to invite cryptocurrency miners to install their coin minting hardware in an old thermal power plant. The TPP will be decommissioned and the government intends to rent…

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Iran Orders Crypto Miners to Halt Operations to Prevent Winter Blackouts

Authorities in Iran have again told licensed miners to suspend their activities in the face of electricity shortages during the cold winter months. Following a period of similar restrictions this…

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Demand for Mining Hardware Spikes in Russia, Prices Rise

The market for crypto mining equipment in Russia has seen strong interest from buyers of both new and used devices, retail data indicates. This year, demand for application-specific integrated circuit…

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Russia, Ukraine Shut Down Several Cryptocurrency Farms

Authorities in Russia and Ukraine have closed down a number of illegal crypto mining facilities allegedly powered by stolen electricity. The underground farms have been discovered around the capital cities,…

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Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates

Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also…

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Demand for Crypto Mining Rigs in Vietnam Rises With Bitcoin Prices, Report Reveals

Higher cryptocurrency prices recently have restored interest in digital coin minting in Vietnam. Crypto mining is once again seen as an investment opportunity with other options being limited by the…

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Iranian Ministry of Industries Denies Power Shortages Are Caused by Illegal Crypto Miners

Iran’s Ministry of Industries, Mining and Trade has rejected claims blaming illegal cryptocurrency miners for the continuing electricity shortages in the country. The department believes the state-run utility company, Tavanir,…

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