Sat, November 23

Bitcoin Mining Firm Cleanspark Purchases Mining Rigs Worth $43.6M

Bitcoin mining company Cleanspark has spent $43.6 million on 20,000 Antminer S19j Pro+ machines. According to the corporation, it was able to save 25% using discount coupons, bringing the final price down to $32.3 million. According to the bitcoin miner, shipping of the mining rigs is scheduled to conclude by

February 18, 2023 1 min read

Abkhazia Authorities Crackdown on Illicit Crypto Mining Operations

Ministry of Internal Affairs of the partially recognized republic in northeastern Georgia said in a news release that police in Abkhazia are conducting daily searches to detect mining operations. That have been illegally linked to the power grid and examine previously shut down crypto farms. To prevent the import of

February 12, 2023 1 min read

CEO of Prominent Crypto Mining Firm Argo Blockchain Resigns

Peter Wall, CEO of Argo Blockchain, a prominent crypto miner, has resigned. Alex Appleton, the business’s CFO, left the company a little over a week ago. As stated in an official release, Peter Wall will be leaving his position as CEO of Argo Blockchain after three years of service. He

February 10, 2023 1 min read

Cloud Mining Firm Bitfufu Delays SPAC Deal Yet Again

According to a statement released on February 7th, Bitfufu, one of Bitmain’s cryptocurrency enterprises, has delayed its ambitions to go public through a special-purpose acquisition company (SPAC) for a second time. With a pro forma enterprise value of almost $1.5 billion, the company was expected to go public in the

February 9, 2023 1 min read

Mining Firms Hut 8 Mining Corp and US Bitcoin Corp Announce Merger

In an all-stock transaction, Hut 8 Mining Corp. of Canada and US Bitcoin Corp. of the United States have declared their intention to merge. Thus, creating a crypto-mining behemoth in North America. Each company’s board of directors has given its stamp of approval to a corporate merger deal. The Board

February 7, 2023 1 min read

Bitcoin Miner Marathon Digital Sells 1500 Bitcoin For Operational Expenses

Bitcoin soared by over 40% in the first month of 2023, off to a fantastic start for the year. This was also the second-largest increase for the month of January in the last decade. For operational purposes, Bitcoin mining firm Marathon digital has been selling its BTC holdings as the

February 3, 2023 1 min read

Canadian Bitcoin Miner Files Lawsuit Against Energy Supplier

The North American Bitcoin Mining Corporation Hut 8 proceeded with a lawsuit filing against one of its energy suppliers Validus Power Corp in Ontario. On Thursday, Hut 8 filed a “Statement of Claim” in the Superior Court of Justice of Ontario, taking the crucial step in the ongoing dispute that

January 27, 2023 2 mins read

US Senate Finance Committee Explored Benefits of Bitcoin Mining

Bitcoin education is booming worldwide as many investors and platforms enter the blockchain domain. Nowadays, several crypto-based organizations are coming forward to expand crypto education. Under this, Dennis Porter, co-founder, and CEO of the Bitcoin mining support group Satoshi Action Fund has conducted a presentation on the benefits of BTC

January 27, 2023 2 mins read

$2 Million Lawsuit Filed Against Compass Mining Dismissed by Court

Compass Mining had its case rejected the day after a group of clients tried to sue the firm for more than $2 million for failing to return their Bitcoin equipment after severing links with a Russian hosting provider. The court has, however, extended the deadline for the plaintiffs to submit

January 21, 2023 1 min read

SPAC Deal of Bitcoin Miner GRIID Pushed Back Yet Again

The completion of the Bitcoin Miner GRIID and a blank-check merger has been pushed back yet again. This past week, Adit EdTech, a special purpose acquisition company (SPAC), revealed in an SEC filing that it had extended the deadline for the merger from January 14 to February 14. The original

January 18, 2023 1 min read