Tag Archives: Bitcoin Mining

Bitcoin mining giant Argo Blockchain has requested trading of its shares and unsecured notes on the NASDAQ stock exchange be suspended until December 28th. The company, which trades on both the NASDAQ and the London Stock Exchange (LSE), said that it wants to make an announcement before resuming its trade on Wednesday. The latest development comes just two weeks after Argo warned that it is at risk of holding “insufficient cash” to keep up with its operations in the next...

Cybercrimes are increasing both in numbers and sophistication. The latest to find itself on the receiving end was the Bitcoin mining pool, BTC.com, which announced suffering a cyber attack on December 3rd. The perpetrators siphoned certain digital assets worth $700,000 owned by BTC.com’s clients and nearly $2.3 million in asset value owned by its parent firm, BIT Mining Limited. According to the official press release, the incident was reported to the Shenzhen law enforcement...

Bitcoin-Mining ist der Prozess, bei dem Transaktionen in der Bitcoin-Blockchain validiert und bestätigt werden. Dabei werden neue Bitcoins geschaffen, wodurch das Angebot an Bitcoins erhöht wird. Das Mining von Bitcoins hat in den letzten Jahren enorm an Popularität gewonnen und ist heute eine lukrative Möglichkeit, an der Kryptowährung teilzuhaben. Aber wie funktioniert Bitcoin-Mining eigentlich und lohnt es sich noch, in das Mining von Bitcoins zu investieren? Der Prozess des Minings von...

Bankrupt Bitcoin miner Core Scientific may be about to forfeit nearly all corporate equity in order to pay off its debt.  Owners of the company’s convertible notes are seeking a 97% acquisition of the firm in return for up to $75 million of debtor-in-possession financing.  Core Scientific’s Restructuring Plan As announced by the mining firm on Wednesday, the Ad Hoc Noteholder Group intends to provide $56 million to Core Scientific, with the remaining $19 million coming from...

Canaan – a large manufacturer and distributor of bitcoin and crypto mining equipment – has seen its profits and revenue plunge over the course of the last several months. Thus far, net income for the company has dipped roughly 88 percent in 2022, and the company has only made a little more than $8.5 million for the year. Canaan Isn’t Doing So Hot The mining sector has been suffering heavily as of late, partly because prices are going down, but also because electricity...

Heat Bit – a company that recently launched a personal heater to be sold to customers – has announced that its product comes with a twist… It’s the first personal heater out there designed to mine bitcoin. Heat Bit Keeps You Warm… and Wealthy Heat Bit initially launched a Kickstarter campaign for the device last year. After getting all the proper safety licenses in place and making the money it needed, the product was unveiled last October and is now available for...

One of Core Scientific’s largest lenders – B Riley – has offered to loan out $72 million to the embattled Bitcoin miner in a bid to avoid a potentially unnecessary and value-destructive bankruptcy proceeding. According to the released statement, B Riley plans on providing non-cash pay financing on favorable terms with more than two years of runway for the firm to achieve profitability. Core Scientific already has an existing loan with B Riley totaling $42 million. Proposal...

In an effort to stabilize its cloud services, Microsoft’s updated terms are restricting access to Bitcoin and crypto mining.  Any users who intend to do so now must receive pre-written approval from the company.  Microsoft Against Mining? Per Microsoft’s Summary of Changes page, the software giant updated its Universal License Terms for Online Services on December 1 to “clarify that mining cryptocurrency is prohibited without prior Microsoft approval.” Specifically, under the...

Lawmakers in the country have passed the “On Digital Assets of the Republic of Kazakhstan” crypto assets bill and other laws that focus on crypto mining. The Mäjilis, or the lower hours of the Parliament of Kazakhstan, approved the four bills. Following the Chinese miner exodus, Kazakhstan emerged as one of the preferred destinations due to cheap electricity. However, as crypto mining boomed, lawmakers have come up with hostile measures against the industry. Stringent Rules...

Ahmad Abu Daher is only 22 years old, yet he’s already making a handsome living as a bitcoin miner in his home country of Lebanon. Ahmad Abu Daher Is Doing Well as a Miner Daher runs a whole team and has been doing so ever since he graduated from university. He entered a world that was wrought with financial ruin, as Lebanon is currently dealing with the full collapse of its financial system and hyperinflation. He says he and his fellow miners work around the clock to constantly be adding...