Mining

With new regulation and taxation on the cryptocurrency industry coming from the U.S., the situation just took another turn as President Joe Biden openly supported the highly unfavorable amendment proposed earlier by Senators Mark Warner and Rob Portman. Biden’s backing seems to target proof-of-stake assets, while mining appears untouched. Sitrep: Taxation and Regulation on Crypto in the U.S. The growth of the cryptocurrency sector pushed global watchdogs to strengthen their...

Clean Spark Inc. – a bitcoin mining services and software company – has announced several new updates regarding its processes and operations, as well as general changes to the mining sector. Clean Spark Is Heading for the Top The company’s mining division – known as Clean Blok – boasts more than 7,500 machines at the time of writing. The hash rate capacity with the company stands at more than 740 PH/s, while approximately six bitcoin units are extracted each day. Clean...

At the heart of the Leonicorn Ecosystem is the $LEOS token, a BEP-20 digital coin that is built based on the EVM-compatible Binance Smart Contract. Holders of the LEOS token enjoy multiple incentives bordering on liquidity mining and staking programs. The Singaporean cryptocurrency exchange Cointiger will list LEOS token, the utility digital asset of the Leonicorn Swap ecosystem. As unveiled in a Press Release shared with Coinspeaker, the Cointiger listing complements the prior listing of the...

At 19 years of age, Nick Sears could be one of the youngest people in the world to be making a career out of bitcoin. Two years ago, Sears built a bitcoin mining farm in Washington, and has made this farm his business ever since. He is looking away from the traditional college route and considering a future in which he devotes himself entirely to the world’s number one digital currency by market cap. Nick Sears Says “Bye” to College, “Hello” to BTC Mining Right now,...

SkyBridge is committed to make Bitcoin mining a green industry through renewable energy.SkyBridge Capital, a global alternative investment firm that specializes in hedge fund products, has announced a strategic partnership with MOSS Earth, a climate technology company focused on environmental services especially global operations. According to the partnership details, SkyBridge has purchased MCO2 tokens representing approximately 38,436 tons of carbon, consequently, the investment firm has...

Genesis Digital Assets – one of the world’s largest crypto mining operators – has garnered more than $125 million in new funds. The money came through a funding round led by London-based private equity firm Kingsway Capital. Genesis Digital Assets Garners More than $100 Million in Funds The crypto mining scene has been at the heart of much controversy in recent months. While the space is necessary to ensure more crypto units wind up in circulation, there are many...

Idan Abada is a man who lives in Los Angeles. Getting into bitcoin a few years back, Abada has made a real name for himself in the mining sector of the crypto space, though the circumstances surrounding his situation are quite unique. Idan Abada Is Running a Successful – and Simple – Mining Rig Normally, we hear of people running mining rigs that consist of many machines. They are all lined up in rows in a large warehouse somewhere as they work tirelessly to extract new...

In the IPO filing, Stronghold noted that with the fundraising, it will purchase an additional 27,300 crypto miners to expand its operations and increase its hash rate.Amid the recent crackdown by China on Bitcoin miners, the US is emerging as the next big market. Stronghold Digital Mining, the Pennsylvania-based Bitcoin miner is now willing to raise $100 million through an initial public offering (IPO).The company filed its S1-form on Tuesday, July 27, with the US Securities and Exchange...

[PR – Las Vegas, Nevada, 27th July, 2021] iM Intelligent Mining (iM), a provider of environmentally responsible energy solutions for powering cryptocurrency mining operations, is delighted to welcome energy veteran Roy Phillips to join its Board of Advisors. Roy is the founder and CEO of REP Energy, a photovoltaic solar project developer that works with investors and private parties to maximize the opportunities available in the renewable energy business. With over three...

The ruling body of Kazakhstan will reportedly allow local banking institutions to offer cryptocurrency exposure to clients. The implementation will run for one year, after which the government will decide whether to extend it. Bank Accounts for Crypto Transactions in Kazakhstan The Kazakhstani news channel Khabar 24 reported that the government plans to officially authorize local banks to open accounts for transactions with digital assets. Numerous institutions will soon be...