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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Next week, the New York State Assembly will vote on a proposal to ban cryptocurrency mining in the state. The bill, which passed the lower house in March, has been widely panned by the crypto community. Several unions and groups in New York, including Independent Power Producers of New York, the Blockchain Association, and other
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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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Following a case brought by a subsidiary of the crypto mining business Bitminer Factory, a district court in Banja Luka, Bosnia and Herzegovina. Of course, has determined that UniCredit’s branch office in the nation would pay a fine of €131 million ($144 million) in damages. The story was initially reported by the local newspaper La
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SDIG, a crypto mining firm based in Pennsylvania, is converting trash from decommissioned power plants into energy to power hundreds of Bitcoin mining machines. The company collects coal refuse, which is a byproduct of the coal mining process, and burns it in what it claims is an emissions-controlled atmosphere at its power plants. Coal refuse
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