Crypto Mining News
No Subsidies: IMF Halts Pakistan’s Subsidized Power for Crypto Miners
The International Monetary Fund (IMF) has rejected Pakistan’s proposal to provide subsidized electricity tariffs for cryptocurrency mining operations, citing concerns that such a move would create economic imbalances and distort...
Bitdeer Buys Land in Canada for Huge Bitcoin Mining Operation
Bitdeer has scaled its operations by buying a 19-acre site near Fox Creek in Alberta, Canada, for $21.7 million. The acquisition includes the rights to build a natural gas-powered plant...
Russia Sentences Citizen Over Crypto Transfers to Ukraine
A resident of Yakutia, Russia, has been sentenced to seven years in prison for sending cryptocurrency to support Ukrainian forces. This is just one of several similar actions taken against...
Phoenix Group Scales Global Blockchain Operations with New 50MW Facility
Phoenix Group has opened a 50-megawatt blockchain mining facility in North Dakota, according to a post on X by the Group. Once fully operational, the site will contribute more than...
Russia Imposes Six-Year Crypto Mining Ban Across 10 Regions
The Russian government has reportedly imposed a six-year cryptocurrency mining ban across 10 regions within the federation. The areas affected by the new legislation include Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North...
Trump’s Call for US Bitcoin Mining Hits China’s Bitmain Hard
Former President Donald Trump’s call for Bitcoin to be “mined, minted, and made” in the United States could significantly challenge the dominance of China-based Bitmain Technologies Ltd., according to a...
Bitcoin Miners Buck Trend, Hold Onto Coins Despite Price Rise
On-chain analysts have noticed a key trend in Bitcoin miners’ behavior this year. Even with the rise in BTC price, the miner-to-exchange transfer rate has significantly decreased, suggesting that BTC...
HIVE and TeraWulf: Efficiency Key for Bitcoin Miners Post-Halving
Bitcoin miners HIVE Blockchain and TeraWulf are focusing on efficiency to navigate the challenges posed by the recent Bitcoin halving. Michael Saylor, founder of Microstrategy, emphasized the importance of miners...
Russia Legalizes Crypto Mining, Shakes Up Bitcoin Scene
Russia took a significant step in crypto regulation; in the mining sector. President Vladimir Putin has signed legislation that legalizes cryptocurrency mining in Russia. The new laws, passed by the...
