Crypto Mining - Tag Archives - Cryptonews (Page 8)

Russian Crypto Mining Sector Could Grow ‘by 20-40%’ in 2024 – Report

The Russian crypto mining industry could grow “by between 20% and 40%” in 2024, a new report has claimed. Per the media outlet Overclockers, the claims came from industry insiders in a report from BitRiver. The latter is Russia’s biggest crypto mining player. The firm is one...

, by Tim Alper

US Blocks Chinese-Backed Crypto Mining Firm From Owning Land Near Wyoming Missile Base

President Joe Biden has issued an order blocking MineOne, a majority Chinese-backed crypto mining firm from owning land near a strategic nuclear missile base in Wyoming due to security concerns. In an announcement, the White House said there is credible evidence that MineOne Partners Limited, a...

, by Tanzeel Akhtar

Russian Energy Firms Prepares to ‘Hunt’ Private Crypto Miners

Russian energy firms are preparing to “hunt down” private crypto miners and crack down on people mining cryptoassets at home, a report claimed on May 12. The media outlet Izvestia said the Russian Government Expert Council was preparing to send fresh mining-related proposals to the...

, by Tim Alper

Kenya Appoints Marathon Digital as Consultant for Cryptocurrency Regime and Mining Energy Needs

Kenyan President has announced that his government has appointed Marathon Digital, a U.S.-based Bitcoin mining company, as its consultant.

, by Hassan Shittu

Sen. Warren Warns US Military Officials, Claims Iranian Crypto Mining Supports Terrorism

US Senator and highly vocal crypto critic, Elizabeth Warren, has claimed that Iranian crypto miners have terrorist ties including Hamas. In an open letter dated May 1, Sen. Warren and Sen. Angus King Jr. have together warned that this “ongoing activity by the Iranian government threatens our...

, by Sujha Sundararajan

New Russian Law Will Legalize Industrial Crypto Miners, Limit Private Mining

Russian lawmakers are poised to legalize the nation’s burgeoning industrial crypto mining sector, but could impose strict limits on home-based “private” miners. Per the media outlets Finam and RBC, Deputy Chairman of the State Duma Committee on Information Policy Anton Gorelkin...

, by Tim Alper

Thailand Authorities Seize Over $5M Worth of Crypto Mining Devices in Electricity Theft Investigation

Thai authorities recently cracked down on a crypto mining operation suspected of stealing electricity. The raid in Samut Sakhon and Ratchaburi netted over 650 mining devices valued at more than 200m baht (about $5m). Acting on tip-offs about unusually high electricity use, officials from...

, by Shalini Nagarajan

Malaysian State Records Largest Number of Power Theft Cases Linked to Crypto Mining

Power theft in the Sarawak state of Malaysia for crypto mining has been a growing problem for past several years. Recently, three covert crypto mining operations, suspected of electricity thefts, were uncovered in shophouses and residential homes in Miri region. Representatives from the Sarawak...

, by Sujha Sundararajan

China Issues Warning to its Citizens in Angola Involved in Crypto Mining

The Chinese Embassy in Angola has reminded its nationals on Angola’s recent prohibition of all crypto mining activities. The authority issued firm warning, emphasizing severe penalties to those who violate the law. The Angolan parliament passed a bill early this year on the “Prohibition of...

, by Sujha Sundararajan

Arkansas State House Passes Bills for Potential Crypto Mining Restrictions

The Arkansas State House recently passed two bills to potentially restrict cryptocurrency mining activities within the state. However, six other proposals failed to garner enough votes for advancement.While these bills have not yet become law, they signify the initiation of discussions that may...

, by Hassan Shittu

Sweden Busts 18 Data Centers for Secretly Mining Crypto

Sweden’s tax agency identified irregularities in 18 locally operating companies, finding that they hid their involvement in crypto mining, it said Wednesday. The investigation, which spanned from 2020 to 2023 and focused on data center operations, revealed that they deliberately exploited...

, by Shalini Nagarajan

Australian Crypto Mining Companies Collapse into Liquidation Owing 450 Investors

Australian crypto mining firms collapse, leaving investors owed millions. ASIC steps in to investigate, highlighting the risks of cryptocurrency and the need for regulatory oversight within the Australia crypto sector.

, by Sujha Sundararajan

British Columbia Province to Regulate Electricity Supply for Crypto Miners

Canadian province of British Columbia is seeking to regulate electricity use by crypto miners, due to their “unchecked growth.” Josie Osborne, Minister of Energy, Mines and Low Carbon Innovation, said Thursday that the province is working to address high energy consumption by crypto miners in...

, by Sujha Sundararajan

Illegal Crypto Mining: Russian Police Seize More than 3,200 Rigs in Siberia Raids

Russian police have seized over 3,200 crypto mining rigs in raids on four large “illegal” data centers in Siberia. Per the Novosibirsk branch of the Russian power provider Rosseti (via RBC Crypto), police officers have charged the mining center operators with criminal...

, by Tim Alper

Russian Government Crypto Chief: Mining Regulation Is Our Priority

The Russian government’s crypto working group chairman believes Bitcoin (BTC) mining regulation is now a priority for Moscow. After years of infighting and neglect, Russian government bodies, ministries, and the Central Bank finally appear close to regulating the crypto sector. Per the...

, by Tim Alper

Texas Crypto Mining Firm Giga Energy Expands Operations to Argentina

Texas-based crypto mining firm Giga Energy has expanded its operations to Argentina following its expansion across the U.S. and into Shanghai, tapping into the gas flaring trend. Giga Energy has been building and operating in-house mining operations since 2019, with 150 megawatt containers...

, by Tanzeel Akhtar

# Crypto Mining (Page 8)

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