Category: Mining
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Bitcoin Mining Was Never Banned In China
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Unusual discovery: Mining has never been banned in China. Yes, you read that right. In fact, not only is it not banned, but Chinese miners are leading the world in innovative uses of Bitcoin mining. But what about? This is a Reuters report. And Others Who says it’s banned? Let’s…
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Kenya woos mining investors with lower gold royalty fees
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The Ministry of Mining has reduced royalties for gold miners in the hope of attracting more investment in the nascent industry. Regulations recently published by the ministry show that miners will now pay a royalty of three percent on the total value of gold extracted, down from three percent previously.…
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Bitcoin mining stocks end the week in a slump
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Many U.S.-based cryptocurrency mining stocks are reflecting Bitcoin’s weakness and trading lower at the end of the week. At the time of writing, Hut 8’s stock price is down 11.2% to $12.34 per share. CleanSpark’s stock is now trading at $13.35 per share, down 11.35%, while Riot Platforms’ stock is…
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Bitcoin And Mining Industry Poised For Success — Study
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As Bitcoin cements its place in the global financial landscape, recent events in the United States have given it a bright future. At least, that’s what one analyst at HC Wainwright & Co. sees. Mike Colonies made a presentation. Weekly study On July 30, several positive elements were identified that…
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Riot Platforms acquires Block Mining in $92.5m deal, NPC Labs raises $18m
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This week’s crypto funding highlights include investments in web3 gaming, Ethereum scaling, Bitcoin infrastructure, and decentralized AI. Riot Platforms Acquires Block Mining Our funding roundup begins with an acquisition. On July 24, Bitcoin (BTC) mining company Riot Platforms announced that it had acquired Block Mining, a Kentucky-based Bitcoin mining company,…
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Riot Platforms acquires Block Mining in $92.5m deal, NPC Labs raises $18m
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This week’s crypto funding highlights include investments in web3 gaming, Ethereum scaling, Bitcoin infrastructure, and decentralized AI. Riot Platforms Acquires Block Mining Our funding roundup begins with an acquisition. On July 24, Bitcoin (BTC) mining company Riot Platforms announced that it had acquired Block Mining, a Kentucky-based Bitcoin mining company,…
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This Bitcoin Mining Giant Just Spent $100 Million To Buy BTC
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Bitcoin mining giant, Digital Marathon She made headlines by investing a staggering $100 million in BitcoinThis major investment comes despite the fact that Previous Bitcoin Price Dropconfirming the mining giant’s confidence in the long-term potential of the leading cryptocurrency. Mara buys $100 million in Bitcoin in press release MARA (recently…
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This Bitcoin Mining Giant Just Spent $100 Million To Buy BTC
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Bitcoin mining giant, Digital Marathon She made headlines by investing a staggering $100 million in BitcoinThis major investment comes despite the fact that Previous Bitcoin Price Dropconfirming the mining giant’s confidence in the long-term potential of the leading cryptocurrency. Mara buys $100 million in Bitcoin in press release MARA (recently…
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Riot acquisition price of Block Mining is ‘justified,’ improves its hash rate
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Analysts from HC Wainwright claim that Riot’s acquisition of Block Mining is a great move for the company and its hash rate. Riot Platforms, Inc. has significantly enhanced its growth and operational capabilities with the acquisition of Kentucky-based Block Mining, Inc. for $92.5 million. The acquisition includes $18.5 million in…
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Riot acquisition price of Block Mining is ‘justified,’ improves its hash rate
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Analysts from HC Wainwright claim that Riot’s acquisition of Block Mining is a great move for the company and its hash rate. Riot Platforms, Inc. has significantly enhanced its growth and operational capabilities with the acquisition of Kentucky-based Block Mining, Inc. for $92.5 million. The acquisition includes $18.5 million in…
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Bitcoin Mining and HPC Leaders Unite to Create Synteq Digital
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SunnySide Digital (SunnySide) and Cryptech Solutions (Cryptech), wholesale distributors and service providers of digital asset mining equipment and high-performance computing data centers, have joined forces to launch Syntec Digital (Syntec). Synteq Digital aims to meet the needs of the digital mining and high-performance computing industries on a large scale by…
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Compute Maximalism: The Symbiosis Between Bitcoin Mining and AI
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The story of human progress can be simplified into the story of increasing energy utilization. We harness energy to create order, both in terms of biology and society. Energy surpluses allow for every form of wealth creation, which in turn produce new technologies to effectively harness yet more energy. This…
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Compute Maximalism: The Symbiosis Between Bitcoin Mining and AI
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The story of human progress can be simplified into the story of increasing energy utilization. We harness energy to create order, both in terms of biology and society. Energy surpluses allow for every form of wealth creation, which in turn produce new technologies to effectively harness yet more energy. This…
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Bitcoin mining stock analyst discusses ‘Trump Bump’
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Analysts from HC Wainwright believe that the positive market reaction to cryptocurrencies indicates increased confidence in the election prospects of Republican presidential candidate Donald Trump. This confidence comes because Trump is known for his pro-cryptocurrency stance, especially his support for Bitcoin (BTC) mining in the United States. Following the failed…
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Bitcoin Mining Contributing to Massive Electricity Theft in Malaysia: Report
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According to a report by a Malaysian media outlet, MalayMail, Bitcoin and cryptocurrency mining operations were mostly responsible for the massive electricity theft in the country between 2018 and 2023. Despite the strict measures, cryptocurrency mining and public services are not illegal in the Asian country. Bitcoin mining using stolen…
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EIA Hosting Bitcoin Mining Energy Use Webinar Today
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Earlier this year, the Energy Information Administration attempted to conduct a survey of Bitcoin mining energy use under emergency licensing laws, bypassing the traditional process of conducting a survey that requires an open comment period from the public and industry players surveyed. This attempt was made under highly questionable circumstances…
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Block and Core Scientific Partner to Help Decentralize Bitcoin Mining with New ASIC Chips
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today, Block, Ltd. Block (NYSE: SQ) and Core Scientific (Nasdaq: CORZ) have announced a new partnership focused on increasing the decentralization of mining hardware. The collaboration brings Block’s advanced 3nm ASIC mining hardware, built by their Proto team, to Core Scientific’s large-scale mining operations. Core Scientific, a leading Bitcoin mining…
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EIA Bitcoin Mining Data Collection Webinar: A Summary of the Discussions
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A webinar hosted by the Energy Information Administration today outlined its plans for future efforts on targeted data collection surveys of U.S. bitcoin mining operations after reaching an agreement on March 1 of this year to halt the previous emergency survey and destroy all records collected during its operation. They…
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EIA Bitcoin Mining Data Collection Webinar: A Summary of the Discussions
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A webinar hosted by the Energy Information Administration today outlined its plans for future efforts on targeted data collection surveys of U.S. bitcoin mining operations after reaching an agreement on March 1 of this year to halt the previous emergency survey and destroy all records collected during its operation. They…
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Bitcoin mining company TeraWulf pays off debt, eyes AI expansion
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Bitcoin mining company TeraWulf Inc. has paid off its remaining $77.5 million loan ahead of schedule, eliminating all of its outstanding debt. The move gives the company greater financial flexibility to take advantage of growing demand for energy infrastructure, particularly to power AI-generated technology. He said on Tuesday It plans…