Marathon announced earlier this month that it had been stockpiling or “hodling” Bitcoin since October 2020. The corporation had roughly 9,941 BTC on June 1, 2022. Despite data suggesting that the price of Bitcoin (BTC) has dropped to the point where it is no longer profitable for the ordinary miner, Marathon Digital Holdings says it
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The Federal Antimonopoly Service (FAS) of Russia has devised a system to charge amateur crypto miners higher electricity costs. The organization claims that their strategy to addressing the problem of rising home consumption, which is attributable in part to the growing popularity of mining, can lower the pressure on electrical networks. According to an article
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The Securities and Exchange Commission (SEC) decided that Canaan engaged an auditor whose working papers the Public Company Accounting Oversight Board cannot inspect or probe fully (PCAOB). The SEC announced on Wednesday that it is placing 88 Chinese businesses on a pre-delisting list, including Chinese mining machine producer Canaan Inc.Canaan Inc. has until May 25
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Argo Blockchain, a bitcoin miner based in Texas, announced on Wednesday that it will take on further debt to purchase equipment for its main site. The miner has signed a series of loan agreements with New York Digital Investment Group (NYDIG), a crypto-focused lender, under which the latter will provide Argo with up to $70.6
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On Tuesday, the New York State Assembly enacted a cryptocurrency mining moratorium bill, prohibiting the issuance of new permits or expansion of existing proof-of-work (PoW) mining operations that use carbon-based energy sources. The New York State Senate must approve the bill. The measure will have no effect on existing PoW crypto mining facilities that use
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Guangdong, Heilongjiang, and Shanxi provinces announced Bitcoin mining equipment seizures and other actions to phase out enterprises that escaped waves of crackdowns following the September crypto ban. Between October and mid-March this year, Dongguan , a city of 10.5 million people in the southeast province of Guangdong, seized 2,957 Bitcoin mining machines. Meanwhile, on March
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