CleanSpark Buys New Machines On Huge Discount
The company has been taking advantage of opportunities to expand in the bear market. CleanSpark (CLSK), a Bitcoin (BTC) miner, bought 10,000 new Bitmain Antminer S19j Pros for $28 million after credits and discounts. This is a big discount from the price listed by the manufacturer. A press release on Wednesday said that the mining […]
SDIG Returns 26,000 Rigs to Eliminate Debt
Stronghold Digital Mining (SDIG), a bitcoin mining firm located in the US, reveals fresh steps to increase outstanding debt and reorganize its financial operations on Tuesday. SDIG intends to release 26,000 of its mining rigs, of which 18,700 are now operational, under an arrangement with lender New York Digital Investment Group (NYDIG). The sale will […]
Russian central bank executive lists one condition for crypto mining
Kirill Pronin said that crypto mining could be legalized if crypto would only be sold to foreign buyers in exchange for fiat currency. The prospect of legalizing crypto mining under specific circumstances was accepted by Kirill Pronin, head of the Department of Financial Technologies of the Russian Central Bank (CBR). An open admission like this […]
White Rock Management expands operations to Texas
A Swiss-based crypto mining firm called White Rock Management has announced plans to start operating in Texas before moving on to the rest of the United States. NGON, a business that catches natural gas that would otherwise be burned and converts it to electricity for use in the firm’s Bitcoin (BTC) mining operations, and White […]
US lawmakers write to EPA on benefits of crypto mining
Some senators and House representatives of the United States have signed a letter to the Environmental Protection Agency (EPA) showing the benefits of cryptocurrency mining. Many US lawmakers, including pro-Bitcoin Senator Cynthia Lummis and Representative Tom Emmer, wrote to EPA Administrator Michael Regan on Thursday, requesting that the government agency investigate the potential impact of […]