Cryptocurrencies Mining News
Hut 8 Mining Announces Closing of Drumheller Expansion
Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), one of the world's largest public cryptocurrency mining companies by operating capacity and market capitalization, announced today that its purchase of 9 Blockbox AC data centers for US$7 million from the Bitfury Group ("Bitfury") at its facility in Drumheller, Alberta is now fully operational. The acquisition added approximately 16% of capacity to Hut 8's existing operations.
3 Major Crypto-Mining Challenges and How to Conquer Them
Crypto mining is the process of releasing cryptocurrencies into a network by completing a given set of mathematical computations. And just like any other mining industry -- gold, data, etc.-- it comes with a unique set of challenges.
Bitcoin Mining Company Canaan Raises $90 Million in U.S. IPO
Canaan Inc., a maker of Bitcoin mining machines, raised $90 million after pricing its U.S. initial public offering at the bottom of its marketed range.
Chinese Regulators Set to Push Inspections of Crypto Mining Firms
Regulators in the Chinese autonomous province of Inner Mongolia continue to crack down on the province’s crypto mining companies.
Crypto mining company Canaan sets terms for $100 million US IPO
Canaan, a leading maker of cryptocurrency mining equipment, announced terms for its US IPO on Wednesday.
Core Scientific opens world-class blockchain hosting facility in Calvert City, KY
Core Scientific www.corescientific.com today announced that it has opened a new large-scale Blockchain facility in Calvert City, Kentucky.
Argo Blockchain Now Employs 7,000 Crypto Mining Machines
Argo Blockchain, increased the number of its crypto mining machines to 7,000, with plans to add additional 10,000 machines in 2020.
Bitmain rival Canaan Creative set for Nov. 20 IPO on Nasdaq
Bitcoin miner manufacturer Canaan Creative will ring the bell at Nasdaq on Nov. 20, several sources have confirmed to The Block.
China Scraps Plan to Categorize Bitcoin Mining as Industry to Be Eliminated
More than six months after the China National Development and Reform Commission proposed to categorize bitcoin mining as an industry to be phased out from the country, it appears the agency has now scrapped that plan.
Bitmain loses upper hand with Bitcoin’s hashrate as majority control diminishes
Bitmain, the Beijing-headquartered mining giant, is one of the most controversial entities in the cryptocurrency space yet again, on the back of its new Initial Public Offering filing in the United States and Jihan Wu taking back control of the company by announcing that he has “come back to save this ship (from sinking).”
Bitcoin Mining Power Sees Short-Term Drop as Rainy Season Ends in China
After sustained growth over the past three months, computing power on the bitcoin network has seen a fallback as the summer rainy season trails off in China.
Argo Blockchain to receive 10,000 crypto mining machines following expanded order
Argo Blockchain Plc has increased an order for Bitcoin mining machines to 10,000 from 5,000, which once installed will increase its mining capacity by 240%.
Bitmain CEO Ousts Co-Founder, Biggest Shareholder to ‘Save the Ship’
Altcoin Bitcoin Cash (BCH) has surged 10% in the past 24 hours after it emerged mining giant and major supporter Bitmain had fired a senior executive.
Sichuan Should Work to Remain Attractive to Crypto Mining: Policy Advisor
China’s Sichuan province – a major bitcoin mining hub – should further study how to remain attractive to the crypto industry, according to a local politician.
7 Mining Heavyweights Partner With WEF on Blockchain Sourcing Initiative
Seven major mining and metal companies have inked an agreement with the World Economic Forum (WEF) to develop and deploy blockchain tools to assist with sourcing materials more responsibly and sustainably.
DOJ charges cryptocurrency miner for stealing $5M worth of computing power
The U.S. Attorney's Office for the Western District of Washington has formally charged Ho Jun Jia, a Singapore citizen, for allegedly stealing computing power and services to mine cryptocurrencies.
The (alleged) plot against Ethereum
Accusers say NVIDIA is plotting to monopolize the Ethereum network. Is there a shred of evidence?
Bitmain to Play Matchmaker Between Mining Farms, Miners With New Service
Bitmain is creating the eHarmony of bitcoin mining. Okay, maybe that’s a bit embellished, but the service connects large-scale mining operations with individual suitors shopping for mining hardware hosting services.
Armenian IT Company Accused of Illegal Electricity Use to Mine Crypto
An IT company in Armenia has been accused of illegally accessing electricity and using it to mine cryptocurrencies.
China’s Inner Mongolia to Shutter ‘Illegal’ Bitcoin Miners by October
China’s Inner Mongolia autonomous region is carrying out an inspection to eliminate “illegal” bitcoin mining operations by October, a government spokesman told CoinDesk, confirming a local report.
Crypto Exchange OKEx to Launch USDT-Margined Perpetual Swap Trading
Canadian Venture Capital Firm Secured $320 Million to Invest in Fintech Startups
Bitcoin No Longer Looks Like ‘Digital Gold’ by One Measure
No Demand for a State Digital Currency in Japan: Central Bank Governor
Bitcoin Moves Staggering $8.9 Billion USD in Single Record-Setting Hour
Georgia governor defies Trump in appointing businesswoman to US Senate
State Street Slashes DLT Developer Team as Bank Rethinks Blockchain Strategy
Andreas Antonopoulos Slams Intuit After Payments Block for Crypto Use
xx network Whitepaper and Praxxis Technical Paper released
Crypto Unicorns: Top 10 Most Valuable Blockchain Companies
What Charles Schwab buying TD Ameritrade means for crypto
Why the number of cryptocurrency ATMs in the world is growing