Compass Mining Leadership Steps Down Following Alleged Non-Payment Debacle
Compass Mining – a US-based mining service that hosts Bitcoin miners on behalf of clients – has recently announced that both CEO Whit Gibbs and CFO Jodie Fisher would be…
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Switzerland-based crypto mining firm expands operations to Texas
The company reported its operations in the United States will have an initial capacity of 3 megawatts, aiming for the firm’s total hashrate to be more than 1.6 EH/s.
‘Unique phenomenon’: All 5B toncoins mined on PoS TON blockchain
The TON blockchain has always been proof-of-stake, while the mining of toncoin began “spontaneously and randomly” in 2020, according to the TON Foundation.
3 charts showing this Bitcoin price drop is unlike summer 2021
Bitcoin looks like a different planet this year, according to several popular on-chain metrics.
Uzbekistan warms up to Bitcoin mining, but there’s a catch
The executive order spares all the mined assets from taxation and bans mining anonymous currencies.
Bitcoin mining revenue mirrors 2021 lows, right before BTC breached $69K
The key to survival for Bitcoin miners boils down to the delicate balance between the revenue and the operating cash flow.
Report: $4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales
Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The…
China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’
Stablecoins like USDT and USDC would be doing just fine if properly regulated, while Bitcoin is a "Ponzi scheme" in any case, China's BSN chair told Cointelegraph.
Mining Ban Sparks Negative Reactions From Iran’s Crypto Community
The recently reintroduced seasonal ban on cryptocurrency mining has provoked backlash from the local crypto community. This week, the country’s power distribution company ordered miners to suspend activities citing electricity…
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…
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