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.
Crypto Miner Hut 8 Launches New Facility in Ontario, Bitcoin Mining Production Remains Robust
Hut 8 Mining Corp currently holds a total of 7,078 BTC on its balance sheet and continues to advance its operations by launching a new crypto mining facility in Ontario, Canada.
White House Heightens Scrutiny on Crypto Miner’s Energy Consumption
Regulatory scrutiny increases as crypto mining activities are rising and consuming huge amounts of energy.
Gold Guaranteed Coin Mining Introduces Tokenised Gold Investment
Gold Guaranteed Coin Mining has launched the Gold Guaranteed Coin (GGCM), which uses blockchain technology to digitally store physical gold.
Russia Mulling Crypto for Cross-Border Payments
Russia is reportedly mulling the plans to allow cryptocurrencies for cross-border payments as on one of the survival measures explorable as the country continues to battle sanctions from the West for its invasion of Ukraine
Bit Origin Limited Signs LOI to Acquire 30.62% Equity Interests in Horizon Mining Ltd
The planned acquisition would be another major step forward for Bit Origin Limited to accelerate its efforts into the crypto mining business.
Legalizing Crypto Payments Will Happen "Sooner or Later": Russia Trade Minister
In a recent revelation, Russia’s Minister of Industry and Trade Denis Manturov said the move to legalize cryptocurrencies as a means of payment in the country is bound to happen “sooner or later.”
Argo Blockchain Announces 1st Quarter Financial Results
Argo Blockchain has released its financial report for the first quarter of 2022. It showed total quarterly revenue of $19.52 million, up from $17.84 million in the same period last year, attributed to an increase in hash rate over the past year.
Underground Bitcoin Mining Pushes China to 2nd Spot in Terms of Hashrate, Study Reveals
The ban on cryptocurrency mining by the Chinese government has not shelved mining activities in the country.
Luna Trading Draws Online Discussions in China Despite Crypto Ban
Despite being banned in China, cryptocurrency is gaining attraction in the country as the value of some of the world’s most prevailing digital currencies and Non-fungible tokens (NFTs) has increased.
Bitfarms Records $40m in Total Revenue and 900 BTC Mined in Q1 2022
Bitfarms expressed its happiness with the progress that it continues to make. The firm achieved record levels of hash rate, revenue, and Bitcoin mined in the first quarter.