crypto mining

While the BRICS nations — Brazil, Russia, India, China and South Africa — embark on an ambitious plan to create a new global currency, Russia has announced plans to establish specialized institutions dedicated to mining and facilitating cross-border cryptocurrency transactions...

A new bill in Texas is expected to make the state less appealing for Bitcoin (CRYPTO: BTC) miners. Republican Senators Lois Kolkhorst, Donna Campbell, and Robert Nichols propose eliminating tax breaks and requiring miners using over 10 megawatts (MWs) to register as flexible load operators...

After a tough start to the year for Marathon Digital Holdings Inc (NASDAQ: MARA) shares, the crypto mining company stock is looking at a potential turnaround in the coming months. Marathon generated $117.75 million in revenue in 2022, though the “crypto winter” was cold, doling out...

A Massachusetts man has been reportedly charged for illegally mining cryptocurrency in a school crawl space. What Happened: Nadeam Nahas, a Cohasset MA municipal employee, has been accused of fraudulently using electricity and vandalizing public property, according to a report in the Washington...

Bitcoin (CRYPTO: BTC) miner Hut 8 Mining Corp (NASDAQ: HUT) is looking for third-party energy supplier mediation after disagreements over a joint power purchase agreement caused portions of its operations to shut down. The Canadian company was forced to halt mining bitcoin at its facility in North...

Mining cryptocurrencies consumes a great amount of energy. In an effort to make the adoption of cryptos more sustainable, the European Commission (EC) is developing the a framework to encourage "the most energy-efficient versions of the technology." What Happened: By developing a standard...

Sen. Elizabeth Warren and six other members of the U.S. Congress called on leaders in Texas to disclose the energy usage and environmental impact of Bitcoin mining operations in the state. What Happened: Warren (D-MA) sent a letter to the Electric Reliability Council of Texas and its CEO Pablo...

YPF Luz, a division of the state-owned Argentine energy company YPF has begun an initiative to use residual gas to power Bitcoin (CRYPTO: BTC) mining. The project seeks to make use of this residue from the earliest phases of oil well drilling and is presently being tested in Vaca Muerta, one...

Well-known television personality Jim Cramer is known for changing his opinion on certain stocks and cryptocurrencies. Investors can often find Cramer being bearish on a stock he was recently bullish on, or bullish on a stock he was recently bearish on. Cramer recently called out one of his...

Members of the Mohawk Council of Kahnawake (MCK) and the recently established Kahnawake Blockchain Technologies (KBT) are considering mining cryptos to increase the region's potential for economic growth. According to a report from Canada's Local Journalism Initiative, members of the...

On this day 12 years ago, Bitcoin’s (CRYPTO: BTC) pseudonymous creator Satoshi Nakamoto explained a “common point of confusion” in the process of Bitcoin mining. What Happened: In a tweet on July 14, popular Twitter account Documenting Bitcoin shared a screenshot of an...

As of Friday morning, cryptocurrency miners such as Marathon Digital Holdings Inc (NASDAQ: MARA) and Riot Blockchain Inc (NASDAQ: RIOT) have risen 16% and 5.4% respectively, moving in a positive direction away from recent lows. New York Legislation Update: New York lawmakers are now awaiting Gov....

Chip manufacturer NVIDIA Corporation (NASDAQ: NVDA) attributed its 52% decline in "OEM and Other" market platform revenue to a decline in Cryptocurrency Mining Processor (CMP) sales. What Happened: In an SEC filing on Wednesday, Nvidia reported $158 million in OEM and Other revenue...

Despite a blanket ban on cryptocurrency in China, many Chinese citizens continue to mine Bitcoin illegally, according to data from the Cambridge Bitcoin Electricity Consumption Index (CBECI). What Happened: The data showed that China became the second-largest Bitcoin (CRYPTO: BTC) hash rate...

Tesla, Inc. (NASDAQ: TSLA) rival and Chinese electric vehicle manufacturer NIO (NYSE: NIO) in an internal note has blamed an employee for using the company's servers to mine Ethereum (CRYPTO: ETH) since February 2021, according to CnEVPost report.  The report shared information from a...