cryptocurrency mining

A leading cloud-mining service provider announced a SPAC deal Tuesday to go public. The SPAC Deal: Digital asset mining service and cloud-mining service provider Finfront Holding Company announced a SPAC deal with Arisz Acquisition Corp (NASDAQ: ARIZ). The merger values the company at a pro forma...

There may be a silver lining hidden in the dark cloud that is the recent cryptocurrency crash — prices of gaming hardware made by the likes of NVIDIA Corporation (NASDAQ: NVDA) and Advanced Micro Devices, Inc (NASDAQ: AMD) appears to be finally be heading southwards. What Happened: The...

Bitcoin (CRYPTO: BTC) mining in Abkhazia, a partially-recognized breakaway republic of Georgia, is shaping up to be a dangerous pursuit. What Happened: A report from Reuters highlighted several instances where illegal Bitcoin miners in Abkhazia squared off with thieves, who came after their...

Bitcoin (CRYPTO: BTC) mining company Marathon Digital Holdings Inc. (NASDAQ: MARA) reported a 147% month-over-month increase in its Bitcoin production in December. What Happened: Marathon Digital said its Bitcoin production in the month of December was a record 484.5 BTC, compared to just 196 BTC...

The prices of major cryptocurrencies such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) continued to tumble early Tuesday following China’s latest warning to state-owned companies to stay away from cryptocurrency mining, the energy-consuming process by which...

Shares of cryptocurrency mining company Riot Blockchain Inc. (NASDAQ: RIOT) are trading higher Tuesday, most likely moving up as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are also both making gains today. Riot Blockchain was up 8.48% at $30.53 at last check Tuesday...

A Texas town of 5,600 people is benefitting from the Bitcoin (CRYPTO: BTC) mining boom that has the potential to transform its landscape. What Happened: Rockdale, Texas — a town of 5,600 people — is home to two Bitcoin mining firms, Bitmain spinoff Bitdeer and Riot Blockchain Inc (...

Riot Blockchain, Inc. (NASDAQ: RIOT) said that its Bitcoin (CRYPTO: BTC) production in September surged about 346% from a year ago. What Happened: Riot Blockchain said it produced 406 bitcoins in September, a four-fold increase compared to its September 2020 production of 91 bitcoins. The company...

El Salvador has announced it is taking the first steps in mining apex cryptocurrency Bitcoin (CRYPTO: BTC). What Happened: A video posted by El Salvador’s President Nayib Bukele on Twitter shows that the country has imported cryptocurrency mining equipment and commenced Bitcoin mining...

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) has announced it will stop selling cryptocurrency mining equipment on its platforms from Oct. 8. What Happened: Alibaba said it made the decision following the People’s Bank of China’s latest policy circular that bans...

Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin said on Twitter Thursday that he hopes Dogecoin (CRYPTO: DOGE) switches soon to the Proof of Stake model. What Happened: Buterin was answering a question as a part of a Twitter experiment he is conducting where he limited responses to only 268...

Internet company The9 Ltd (NASDAQ: NCTY) subsidiary NBTC Limited and Kazakhstan's LGHSTR Ltd inked a non-binding investment memorandum to establish a joint venture in Kazakhstan.  NBTC will own a 51% stake in the joint venture, with LGHSTR accounting for the remaining...

Bitcoin (CRYPTO: BTC) traded nearly 12% higher in the early hours of Monday, here are six stocks to look out for today as the apex cryptocurrency regains its upwards momentum. MicroStrategy Incorporated (NASDAQ: MSTR): The business intelligence company led by Michael Saylor is a Bitcoin play....

Investors are still waiting on a Bitcoin (CYRPTO: BTC) ETF, but may have an alternative with a new actively managed clean energy crypto mining ETF launched this week. About The ETF: The Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (NYSE: RIGZ) is a new launch that gives investors...

NVIDIA Corporation (NASDAQ: NVDA) shares turned red on Tuesday after losing the prior session’s buoyancy.  What Happened: The fall in the shares comes on a day when the company stock split 4-for-1. However, there may be another factor at play leading to the company’s stock slipping...