Hut 8’s mining reserves exceed 5,000 BTC
For the third quarter, the Canadian mining company Hut 8 accumulated 5,053 BTC (~$325 million). Previously the firm planned to reach above 5,000 BTC only by the end of 2021.All about cryptocurrency mining, including Bitcoin and other digital currencies. News on mining in China, Russia, Ukraine, and globally. Learn what cryptocurrency mining is and how it works.
Hut 8’s mining reserves exceed 5,000 BTC
For the third quarter, the Canadian mining company Hut 8 accumulated 5,053 BTC (~$325 million). Previously the firm planned to reach above 5,000 BTC only by the end of 2021.
Unknown assailants stole 100 ASIC miners from a Moscow Region resident.
A Moscow Region resident reported to police an attack by robbers on his mining farm.
ASIC miner prices lag behind the Bitcoin rally
Spot prices for Bitcoin mining equipment lag behind the rally in Bitcoin. This rare situation arose due to a global shortage of hosting capacity after the mining ban in China, according to The Block.
Media: Iran has confiscated over 221,000 devices for illegal mining
Over the past week, Iranian authorities seized 227 cryptocurrency mining devices from illegal miners in 14 residential buildings. The total number of confiscated units during the crackdown on illegal mining has reached 221,390, according to Financial Tribune.
LDPR proposes legislation to regulate mining.
The LDPR faction intends to submit to the State Duma a bill regulating mining. This was reported by LDPR deputy Andrey Lugovoy.
Kazakhstan’s Ministry of Energy Discusses the Future of Mining Farms
A meeting at the Ministry of Energy of Kazakhstan focused on powering miners.
Argo Blockchain to raise $57.5 million in debt financing
The British mining company Argo Blockchain plans to raise $57.5 million via a U.S. debt offering.
Binance launches mining pool for Litecoin and Dogecoin
The cryptocurrency exchange Binance announced the launch of a mining pool aimed at mining Litecoin and Dogecoin.
Dubai-based firm orders $650 million worth of crypto-mining hardware
Phoenix Technology Consultants, based in the UAE, signed a contract to supply crypto-mining equipment worth $650 million. CoinDesk reports.
Argo Blockchain posts 32% rise in October revenue
Argo Blockchain's mining revenue in October rose by 32%, to £7.24m ($9.75m). In the month the firm increased mining output from 165 to 167 BTC or equivalents.We use cookies to improve the quality of our service.
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