Fire at Fire at South Korean Crypto Mining Facility Destroys 110 Rigs, Causing Significant Damage Crypto Mining Facility Destroys 110 Rigs, Causing Significant Damage

Fire at Fire at South Korean Crypto Mining Facility Destroys 110 Rigs, Causing Significant Damage Crypto Mining Facility Destroys 110 Rigs, Causing Significant Damage

Arslan Butt Index & Commodity Analyst Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active... Read more »
Bitcoin halving impacts miner Riot’s revenue by 43% despite new facility

Bitcoin halving impacts miner Riot’s revenue by 43% despite new facility

Bitcoin (BTC) miner Riot Platforms produced 215 BTC in May, a 43% decrease from last month. The decrease in mining revenue is a direct impact of the April 20 Bitcoin halving on... Read more »
Bit Origin Ceases Crypto Mining at Indiana Facility -October 12, 2023 at 01:21 pm EDT

Bit Origin Ceases Crypto Mining at Indiana Facility -October 12, 2023 at 01:21 pm EDT

Bit Origin Ltd is an emerging growth company operating in the United States and engaged in the cryptocurrency mining business. The Company is also actively deploying blockchain technologies alongside diversified expansion strategies.... Read more »
Oman’s MTCIT unveils massive 0 million Bitcoin mining facility in Salalah Free Zone – Cryptopolitan

Oman’s MTCIT unveils massive $350 million Bitcoin mining facility in Salalah Free Zone – Cryptopolitan

Description The Ministry of Transport, Communications, and Information Technology (MTCIT) in Oman has unveiled a state-of-the-art Bitcoin mining and data hosting facility within the Salalah Free Zone. Valued at approximately $350 million... Read more »
Kyrgyzstan’s M Hydropower Crypto Mining Facility

Kyrgyzstan’s $20M Hydropower Crypto Mining Facility

Kyrgyzstan’s President Sadyr Japarov has given the green light for the construction of a hydro-powered crypto mining facility at the Kambar-Ata-2 Hydro Power Plant.  With an estimated investment of $20 million, the... Read more »
New York sued by environmental group after approval of crypto mining facility: Report

New York sued by environmental group after approval of crypto mining facility: Report

The New York Public Service Commission (PSC) was sued by environmental activists on Jan. 13 for approving the takeover of a cryptocurrency mining facility within the state. According to The Guardian, the... Read more »
Environmental group sues New York for approving crypto mining facility | New York

Environmental group sues New York for approving crypto mining facility | New York

Environmental activists filed a lawsuit in opposition to a New York state company on Friday for approving a cryptocurrency mining firm’s takeover of an upstate energy plant. The group mentioned the transfer... Read more »
Argo Blockchain shares soar after selling Texas mining facility to Galaxy Digital

Argo Blockchain shares soar after selling Texas mining facility to Galaxy Digital

London-based Bitcoin miner Argo Blockchain PLC’s inventory worth spiked by greater than 100% throughout U.Okay. buying and selling hours on Wednesday and closed up 73.33% on the London Stock Exchange after the... Read more »
Crypto mining facility close to powering up in Sullivan Co.

Crypto mining facility close to powering up in Sullivan Co.

SULLIVAN COUNTY, Ind. (WTWO/WAWV) – The new cryptocurrency mining facility is a short while away from powering up in Sullivan County. As we’ve beforehand reported, the facility will probably be subsequent to... Read more »
DEC under fire for granting permit extension to Greenidge bitcoin facility

DEC under fire for granting permit extension to Greenidge bitcoin facility

DRESDEN, N.Y. (WETM) – The controversy over a cryptocurrency mining plant alongside Seneca Lake continues as these towards the plant are claiming the NY DEC pulled an “Eleventh-hour bait and change” to... Read more »