MINING
The process that results in the release of certain amounts of a particular digital currency into its circulating supply. Mining is often the process that governs the verification of transactions and the addition of blocks to a blockchain.
Ethereum Classic Hash Rate Surges 200% Ahead of Ethereum Merge
Ethereum Classic’s hash rate has risen from 30 TH/s to 64 TH/s in the last 30 days. The surge indicates an increased mining activity on the Ethereum Classic network.
Bitcoin Miner CleanSpark Acquires Mawson’s Georgia Mining Facility, Rigs for Up to $42.5M
CleanSpark continues to pursue growth in a sector ripe for mergers and acquisitions amid a bear market.
Bitcoin Miner CleanSparks Buys 10,000 Miners at Discounted Price
American Nasdaq-listed cryptocurrency mining company CleanSpark has announced the purchase of new 10,000 Antminer S19j Pro units for $28 million.
Crypto Mining Pool Provider Poolin Suspends Withdrawals, Citing Liquidity Problems
Poolin assured its customers that funds are safe and promised to fix the issue amid a bearish market.
Bitcoin Mining Transforming Global Energy Crisis, Says Arcane Research
Arcane Research suggests crypto mining would help to resolve the energy crisis triggered by fossil fuels.
Latvian National Extradited to the U.S for Crypto and Wire Fraud
Ivars Auzins, a Latvian citizen, accused of committing securities and wire fraud using eight companies that alleged to mine or invest in crypto assets, was extradited to the United States to face a six-count indictment charge.
Bitcoin Miner Argo Updates Computing Power to 3.2 EH/s at the end of 2022
U.K.-based publicly traded cryptocurrency miner Argo Blockchain said on Wednesday it plans to update its year-end computing power from 5.5 EH/s to 3.2 EH/s by the end of 2022, a drop of 41.8%.
Bitcoin Mining is a 'Net Plus' for the Environment: US Senator Ted Cruz
United States Senator, Ted Cruz has showered accolades on Bitcoin mining as a venture, taking a very divergent view from major critics who believe Bitcoin mining is damaging to the environment.
Japan's Financial Giant SBI Group to Shut Down Crypto Mining Operations in Russia
Japanese financial giant SBI Group announced that it will shut down its crypto mining operations in the entire country of Russia.
Celsius Received Approval to Continue Bitcoin Mining
Celsius Network has been granted the approval to use its mined Bitcoin to offset some of the deficit incurred in its daily operations.