CEO of Tehran Stock Exchange resigns following the discovery of Bitcoin miners in building
After a raid by the Iranian authorities, Ali Sahraee, the Tehran Stock Exchange‘s chief executive officer since 2018, has reportedly resigned following the discovery of cryptocurrency mining rigs in the building’s basement. Following the resignation of Sahraee, the Tehran Stock Exchange, or TSE, will be led by market vice president Mahmoud Goudarzi, according to a […]
Bitmain brings 56K Bitcoin miners to Georgia
Bitmain, a Chinese mining hardware company, is shipping 56,000 of its latest Antminers to Georgia in the United States southeast. The deal is expected to generate $10 million in monthly revenue for ISW Holdings. A three-way transaction between Nevada-based IT firm ISW Holdings , crypto mining datacenter Bit5ive, and Bitmain has resulted in the influx […]
Genesis Digital Assets partners with Canaan to purchase 20K Bitcoin miners
Genesis Digital Assets, a Bitcoin (BTC) mining company based in the United States, has partnered with Canaan, a Chinese cryptocurrency mining giant to buy Bitcoin miners. The fresh batch of Bitcoin miners will help in the company’s expansion. Canaan, the mining machine maker , said on Aug. 31 that Genesis had received a purchase order […]
Yingjiang county to cut off Bitcoin miners from hydropower stations
The Yingjiang county of Chinese province Yunnan have issued stern warnings to hydroelectric facilities not to give electricity to Bitcoin mining businesses and plans to “forcibly dismantle” the power supply of any mining farm within its jurisdiction. According to a recent report, the Yingjiang County Office of the People’s Government gave notice to hydropower plants […]
US lawmakers propose crypto tax evasion for Bitcoin miners
Senator Patrick Toomey and certain members of Congress propose that Bitcoin miners and crypto software developers will not be subject to the newly proposed tax rules. US lawmakers have urged caution in enacting a new tax scheme that might have substantial ramifications for the crypto industry in the United States. An enlarged crypto taxation scheme […]