Kazakhstan Amends Registration Rules For Crypto Miners
Kazakhstan’s updated regulations come amid a broader crackdown on the crypto mining industry in the Central Asian country, where the influx of miners has been blamed for persistent power shortages. Bagdat Musin, Kazakhstan’s minister of digital development, issued an order expanding the registration and reporting requirements for those minting digital coins. Individual entrepreneurs and legal […]
American Premium Water Corporation buys Crypto Mining firm CloudX
American Premium Water Corporation has purchased crypto mining company CloudX in a transaction worth US$45.6 million. With the acquisition of CloudX, the company will be focusing on the crypto-mining sector. CloudXchange DataCentre Inc. (“CloudX”), a cryptocurrency mining and staking enterprise, was purchased by American Premium Water Corporation for $45.6 million. CloudX committed its wholly-owned subsidiary […]
Iran increases penalties for using Illegal subsidized energy in crypto mining
Iran is tightening rules on crypto mining as penalties for using subsidized energy will be increased by the Iranian government. The fines will reportedly triple compared to current rates while repeated violations will lead to jail time. The Tehran Times stated that the government planned to substantially increase fines for mining companies who utilize subsidized […]
North Dakota Looks To Double The $3 Billion Clean Crypto Mining
North Dakota officials are attempting to convince crypto mining companies to locate in the state. They’re doing well so far, with $3 billion already invested and another $3 billion on the way. North Dakota government officials attended the Bitcoin 2022 conference in Miami to entice cryptocurrency miners to move to greener pastures. They promised the […]
Serodino, Argentinian town considers investing in crypto mining to fight inflation
Serodino, in Argentina’s Santa Fe Province, is looking to start mining cryptocurrencies in order to raise funds for rail infrastructure upgrades according to the mayor Juan Pio Drovetta. According to local media reports from April 10, the 6000-person town has already purchased six graphics cards and will be purchasing a mining setup soon. The plan […]