Auto Added by WPeMatico

Bitcoin Miner Cleanspark Completes Sandersville Facility Acquisition, Firm’s Hashrate Now 4.7 Exahash

On October 11, the publicly-listed bitcoin miner Cleanspark announced that it has completed the acquisition of Mawson Infrastructure Group’s Georgia-based bitcoin mining facility. Following the acquisition, Cleanspark says it now…

Continue ReadingBitcoin Miner Cleanspark Completes Sandersville Facility Acquisition, Firm’s Hashrate Now 4.7 Exahash

Bitcoin Miner Greenidge Seeks to Raise $22.8 Million in Class A Common Stock Proposal

The bitcoin mining operation Greenidge Generation is seeking to raise roughly $22.8 million, according to a U.S.Securities and Exchange Commission (SEC) filing published Wednesday. According to the prospectus disclosing information,…

Continue ReadingBitcoin Miner Greenidge Seeks to Raise $22.8 Million in Class A Common Stock Proposal

Bitcoin Mining Industry Reveals Mergers, Hashrate Increases, and New Facilities Amid Market Downturn

While bitcoin is down more than 72% from the crypto asset’s all-time high, bitcoin mining operations are expanding at a rapid pace during the downturn. On Tuesday, the bitcoin miner…

Continue ReadingBitcoin Mining Industry Reveals Mergers, Hashrate Increases, and New Facilities Amid Market Downturn

Vietnam Crypto Miners Complain About Losses From Ethereum’s Merge

Miners in Vietnam have expressed grievances over the loss of business following Ethereum’s transition to a consensus mechanism that does not require the energy-intensive computing they were providing. Many are…

Continue ReadingVietnam Crypto Miners Complain About Losses From Ethereum’s Merge

Bitcoin Mining Firm Cleanspark Purchases 10,000 Bitmain Miners for $28 Million

The bitcoin mining company Cleanspark revealed on Wednesday that the company has signed a purchase agreement for 10,000 new Bitmain Antminer S19j Pro mining rigs for $28 million. Cleanspark expects…

Continue ReadingBitcoin Mining Firm Cleanspark Purchases 10,000 Bitmain Miners for $28 Million

Russian Arrested for Defrauding Buyers of Mining Hardware Worth Over $300,000

Police in the southern Russian city of Astrakhan have detained a man accused of defrauding people who wanted to purchase crypto miners. Law enforcement officials say the suspect made millions…

Continue ReadingRussian Arrested for Defrauding Buyers of Mining Hardware Worth Over $300,000

Bit Mining Secures $9.3 Million Registered Direct Offering From Institutional Investors

Bit Mining Limited has announced that it has entered a $9.3 million registered direct offering with specific institutional investors. Bit Mining explained that it aims to use the funds from…

Continue ReadingBit Mining Secures $9.3 Million Registered Direct Offering From Institutional Investors

Report Claims Samsung Is Producing 3nm ASIC Chips — Speculators Assume First Customer Is a Bitcoin Mining Rig Manufacturer

The electronics giant and largest corporation in South Korea, Samsung, is in the midst of creating 3-nanometer (3nm) semiconductors for a Chinese application-specific IC firm, sources have said. The new…

Continue ReadingReport Claims Samsung Is Producing 3nm ASIC Chips — Speculators Assume First Customer Is a Bitcoin Mining Rig Manufacturer

Hardware Worth $1.9 Million Stolen in Russia’s Crypto Mining Capital

Russian law enforcement is looking into the alleged theft of mining hardware valued at around $1.9 million. The powerful computing equipment disappeared from a crypto mining hotel in Irkutsk, the…

Continue ReadingHardware Worth $1.9 Million Stolen in Russia’s Crypto Mining Capital