The Iranian authorities has ordered licensed cryptocurrency miners to quickly shut store due the acute summer time taking a toll on the nation’s energy grid throughout the scorching months. Tavanir, the Iran Energy Era, Distribution and Transmission Firm, advised licensed rigs to halt the energy-intensive mining of cryptocurrencies till additional […]
Bitcoin Mining Business
Oil Firm Gazpromneft To Launch a Cryptocurrency Mining Operation With BitRiver
U.S sanctions in opposition to Russia have performed a job within the adoption of cryptocurrencies within the European nation, inflicting oil firms like the enormous Gazpromneft to search for new methods to take advantage of pure assets —this time for cryptocurrency mining. On June 16, Gazpromneft, a subsidiary of Russian […]
Mawson Infrastructure Releases Bitcoin Mining Replace For Could 2022
Bitcoin mining firm Mawson Infrastructure Group had a report breaking month in Could, producing 185 BTC value about $3.8 million. Manufacturing ranges confirmed an 8% month-over-month enhance with a yearly enhance of 362%. The corporate added 4,000 ASIC miners to its fleet and has growth objectives deliberate into Q1 2023. […]
Bitcoin miners stung as fallout from worth collapse widens
Bitcoin miners are cutting down manufacturing as sinking cryptocurrency costs and rising power prices squeeze income and slam their shares. Miners, which use highly effective computer systems to create new models of bitcoin and validate transactions on blockchains, have been pressured to alter tack as tumbling crypto costs threaten to […]
New York might partially ban cryptocurrency mining if Hochul does not veto it
The talk, which has attracted the curiosity of quite a few high-profile crypto backers — together with New York Metropolis Mayor Eric Adams — has grow to be a proxy struggle over the menace that authorities laws may pose to the digital foreign money trade. On one aspect are trade […]
Bitcoin Plummets Beneath $20,000 for First Time Since Late 2020
Sq., one other funds firm, purchased $50 million of Bitcoin and altered its identify to Block, partially to indicate its work with blockchain know-how. Tesla purchased $1.5 billion of it. The enterprise capital agency Andreessen Horowitz raised $4.5 billion for a fourth cryptocurrency-focused fund, doubling its earlier one. Pleasure hit […]
Crashing Costs Expose Bitcoin Mining Business’s Habit to Leverage
Bitcoin miners throughout the US took out loans to finance their speedy enlargement over the previous yr, when crypto costs had been at report highs BTC’s present low worth means miners are working on razor-thin margins, placing them prone to default Swaths of bitcoin miners face potential liquidation after taking […]
BitNile Holdings Announces $4 Million from XBTO for Bitcoin Miner Financing With an Additional $4 Million Expected to Close by the End of June 2022
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here. LAS VEGAS–(BUSINESS WIRE)– BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), announced that earlier this month, the Company received $4 million from a 12.5% note and […]
New York Bill Aims To Limit Fossil Fuel Energy Use For Crypto Mining
New York State Legislature has passed a bill limiting fossil fuel energy usage for crypto mining The New York State Legislature has passed a bill that would impose a two-year moratorium on the use of fossil-fuel power plants to provide energy to miners of cryptocurrencies like Bitcoin, but Governor Kathy Hochul’s office on Monday said she had not […]
Crypto mining could fix Texas power problems in ‘nanoseconds’: Blockchain exec
FOX Business’ Susan Li reports from Texas during a heat wave and speaks with Chief Commercial Officer at Riot Blockchain Chad Harris about how the unlikely source can help. Chief Commercial Officer at Riot Blockchain Chad Harris explained on Wednesday how bitcoin miners can help alleviate the power problems in […]