Mining

Denver-based Bitcoin miner Crusoe Energy Systems has announced closing a $350 million Series C equity offering. Expansion to the US and internationally, as well as onboarding more employees in the team, are some of the main objectives that Crusoe has following the event. Crusoe Funding Round According to the official blog post, Crusoe’s $350 million in equity financing witnessed the participation of G2 Venture Partners and a group of prominent technology, energy, climate, and...

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The U.S. government has just sanctioned the first cryptocurrency mining company, which also happens to be from Russia. This comes a day after the IMF warned that Russia could potentially evade economic sanctions by mining cryptocurrencies. On April 20, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned BitRiver, a cryptocurrency mining company based in Moscow, prohibiting any business relations with U.S. citizens. According to the statement,...

A crypto mining facility in Wichita Falls (part of Clay County, Texas) has been active for some time. The funny thing is that nobody seemed to notice it. Texas Is a Big Crypto Mining Haven The mining facility has been extracting bitcoin and other forms of digital currency for several months. Judge Mike Campbell once joked that there were more cows than people in the area that the mining facility had made its home in. Developed by Dexa Resources, the company is taking...

Greenridge Generation – a power generation and Bitcoin mining company – reportedly faces an “uphill battle” in staying compliant with New York state’s environmental law. The Department of Environmental Conservation (DEC) is currently under pressure from a regional activist group to have the facility shut down. The Fight to Reach Emissions Targets In a conversation with WSKG news, DEC Commissioner Basil Seggos said that he has “significant concerns” as to whether the mining...

A PC gaming electronics researcher made headlines in the PC world this week after finding a way to boost the computational efficiency of the Nvidia RTX 3090 card per kWh. That could save the GPU crypto mining community some coin on the electric bill. In Chemnitz, Germany, a one-man hobbyist PC gaming researcher by the name of Igor Wallossek recently found a way to cut the power consumption of the Nvidia RTX 3090. A report about the home lab electronics caper by Hassan Mujtaba...

Block Stream, Block, and Tesla are all teaming up to mine bitcoin using solar energy in Texas. Texas Continues to Grow Its Mining Space Solar and storage technology is being provided by Tesla. In an interview, Adam Back – the CEO and co-founder of Block Stream – explained that the company is going to be a massive experiment in that it will be one of the first crypto mining firms to be fully powered by renewable energy. He says: People like to debate about the different...

Once considered an attractive country for Chinese Bitcoin miners after the country’s crackdown on any BTC mining activity, Kazakhstan now seems to be set to creating new taxes that will negatively impact the industry. On April 14, the Minister of National Economy, Alibek Kuantyrov, said in a government briefing that his team is working on a tax plan that would link tax payments to the valuation of the mined tokens. According to Kuantyrov’s statement, first reported by...

Winemakers in upstate New York are not happy that they’re having to share land with bitcoin and cryptocurrency miners. New York Is Seeing Its Winemakers at Odds with Crypto Miners The state of New York features what are known as the Finger Lakes, a series of thin bodies of water in its upstate region. This area has become popular amongst winemakers given the clean air and wholesomeness of the dirt. The Finger Lakes is fantastic for those looking to grow grapes and create...

Crypto miners in Texas must get approval from ERCOT to connect their rigs to the state’s power grid. Texas Requires New Permissions Before Crypto Can Be Mined It has come to the attention of the crypto world that Texas has become the place to be if one wants to set up a crypto mining business. The state provides vast open spaces and low electricity rates, and it appears many miners have moved their operations to the state to take advantage of Texas’ offerings. The state...