Malaysia Loses Over $1 Billion to Illegal Cryptocurrency Mining
Malaysia's Ministry of Energy has uncovered electricity theft amounting to $1.1 billion due to illegal cryptocurrency mining.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.
Malaysia Loses Over $1 Billion to Illegal Cryptocurrency Mining
Malaysia's Ministry of Energy has uncovered electricity theft amounting to $1.1 billion due to illegal cryptocurrency mining.
Bitfury to Invest $1 Billion in ‘Ethical Companies’
Bitfury announced plans to invest $1 billion in 'ethical companies' within AI, quantum computing, and decentralized systems.
Ninety-five percent of bitcoin’s supply has been mined
On November 17 the number of coins mined surpassed 19.95 million BTC—95% of the Satoshi Nakamoto-programmed cap of 21 million BTC.
Auradine Unveils Bitcoin Miner with 9.8 J/TH Energy Efficiency
The American firm Auradine has unveiled its third-generation Teraflux installations for Bitcoin mining, achieving an energy efficiency of 9.8 J/TH.
Bitfarms Reports $46 Million Loss and Shift from Mining to AI
Bitfarms announced a gradual cessation of its cryptocurrency mining operations in favor of developing infrastructure for artificial intelligence.
Kyrgyzstan Shuts Down All Mining Farms Amid Power Shortage
On November 12, all mining farms in Kyrgyzstan were disconnected from the power supply due to an electricity shortage.
MARA CEO Predicts Tough Times Ahead for Miners
The bitcoin mining industry is facing a challenging period due to increasing competition and declining profitability, according to MARA CEO Fred Thiel.
Rumble to Acquire Former Bitcoin Miner Northern Data with Tether’s Support
Canadian video hosting and cloud storage provider Rumble has signed a business combination agreement with German AI infrastructure company Northern Data.
Hash rate gives way to AI: bitcoin miners bet on data centres
Seven of the ten largest miners by hash rate now derive revenue from AI or high-performance computing (HPC).
Bitcoin Miner Phoenix Expands Capacity in Ethiopia by 30 MW
Abu Dhabi-based mining company Phoenix Group announced the establishment of a 30 MW cryptocurrency mining facility in Addis Ababa, the capital of Ethiopia.We use cookies to improve the quality of our service.
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