Bitcoin mining company BitFuFu has revealed its intention to acquire a majority stake in a mining facility in Oklahoma. In a press release dated January 16, the company announced it had signed a letter of intent for the acquisition, which is expected to be finalized by mid-2025. The facility, situated ...
Canaan Inc., a leading blockchain hardware manufacturer, introduced its latest Bitcoin mining devices, the Avalon Mini 3 and Avalon Nano 3S, at CES 2025 in Las Vegas. These innovations aim to make cryptocurrency mining more accessible while offering added benefits for users. The Avalon Mini 3 is a dual-purpose device ...
Thailand's Provincial Electricity Authority (PEA) has closed a Bitcoin mining operation for illegally tampering with power meters to steal electricity worth hundreds of millions of baht. Collaborating with the Crime Suppression Division, the PEA raided a Phanat Nikhom, Chonburi facility, seizing 996 Bitcoin mining rigs. Authorities found that the operators ...
CleanSpark Inc., a publicly traded North American Bitcoin mining company, mined 668 Bitcoin in December 2024, according to its latest investor update. https://t.co/74iKIHSdKg — CleanSpark Inc. (@CleanSpark_Inc) January 6, 2025 During the same period, the company sold 12.65 Bitcoin at an average price of $101,246 per Bitcoin, concluding the year ...
The Russian government has approved a sweeping ban on cryptocurrency mining in ten regions, effective January 1, 2025, through March 15, 2031. The decision, reported by the State-owned news outlet TASS on December 24, addresses local electricity shortages and aims to align mining activities with evolving regulations. The ban targets ...
Bitcoin mining company Canaan has entered into a joint mining agreement with Texas-based crypto miner Luna Squares as part of its strategy to achieve a mining capacity of 10 exahashes per second (EH/s) by mid-2025. According to a November 20 press release, the partnership will focus on revenue-sharing from Bitcoin ...
Thai authorities have dismantled nine illegal Bitcoin mining operations, arresting two individuals in electricity theft worth over $280,000. The crackdown, reported by The Straits Times, highlights ongoing efforts to curb illicit cryptocurrency activities in the country. The operation in Surat Thani province is part of a rising trend of illegal ...
Hut 8 Mining Corp, a prominent Bitcoin miner, anticipates a significant hash rate boost of 66% in early 2025 after securing a deal to acquire 31,145 Bitmain Antminer S21+ machines. According to a November 6 announcement, Hut 8 expects this acquisition to elevate its self-mining capacity from 5.6 exahashes per ...
Deutsche Telekom, Europe’s largest telecom provider, has entered the Bitcoin mining industry with an eco-conscious project leveraging surplus renewable energy. Named “Digital Monetary Photosynthesis,” the project aims to test how to utilize the surplus of Germany’s expanding yet unpredictable renewable energy resources, such as wind power, to power bitcoin mining ...
Bhutan, a small Himalayan country, is ranked 108th in the 2024 Index of Economic Freedom, with a score of 55.4, placing it in the "mostly unfree" category. What that simply means is that the country's economy is in dire straits in terms of regulatory efficiency, trade freedom, and investment openness. ...
