Cryptocurrency Mining | ForkLog

ForkLog 68 31.05.2024

Tether Invests $100 Million in Bitdeer

Tether has invested $100 million in Jihan Wu’s bitcoin mining company, Bitdeer, in the form of equity capital. The deal includes a warrant for an additional 5,000,000 shares valued at $50 million. We are thrilled to announce that Tether International Limited has made a private placement financing of up to US$150 million in Bitdeer. This […]

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ForkLog 21 29.05.2024

Riot Platforms Offers $950 Million Acquisition of Bitfarms

Mining firm Riot Platforms has proposed to the board of directors of rival Bitfarms an offer to purchase all publicly traded shares at a price of $2.30 each. Riot Proposes to Acquire Bitfarms for US$2.30 Per Share to Create the World’s Largest Publicly Listed Bitcoin Miner. Read the full press release here: https://t.co/SnBijrL3i7 For disclaimers, […]

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ForkLog 9 27.05.2024

Dagestan Shuts Down 18 Illegal Mining Farms in Three Months

From January to March 2024, authorities in Dagestan halted 18 instances of electricity theft for cryptocurrency mining. This was reported by specialists from the local branch of Rosseti North Caucasus. The illegal miners consumed over 11 million kWh of energy during this period. In total, Dagenergo, in collaboration with law enforcement, identified 880 cases of […]

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ForkLog 102 27.05.2024

Russian Mining Companies Ranked by Revenue

The publication RBC, using data from Rusprofile, has calculated the revenue of Russian mining companies for 2023 and compiled a corresponding ranking. Leading the list is the data center operator BitRiver, whose five legal entities declared a total of 12.56 billion rubles for the period under review. This represents a 59% increase over 2022 figures. […]

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ForkLog 44 27.05.2024

Marathon to Invest $80 Million in Green Bitcoin Mining in Kenya

Mining firm Marathon Digital Holdings has reached an agreement with the Ministry of Energy and Petroleum of the Republic of Kenya to establish data centers utilizing renewable energy sources. During President @WilliamsRuto’s State Visit to the US, we entered into an agreement with @EnergyMinK to invest over $80 million in establishing green data centers to […]

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ForkLog 32 24.05.2024

UAE Imposes Fines for Cryptocurrency Mining on Farms

The Abu Dhabi Agriculture and Food Safety Authority (UAE) has issued a warning regarding the illegality of cryptocurrency mining on farms, as reported by Khaleej Times. The agency emphasized that mining could lead to a sharp increase in electricity bills. “This activity is considered an improper use of the farm for purposes other than its […]

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ForkLog 14 23.05.2024

Bitcoin Mining Difficulty Rises by Nearly 1.5%

The latest recalibration has increased the difficulty of mining the leading cryptocurrency by 1.48%, reaching 84.38 T. Data: BTC.com. The average hash rate since the previous adjustment was 705 EH/s. The interval between blocks has shortened to approximately 8.5 minutes instead of the algorithm’s intended 10 minutes. Despite the increase, the difficulty has not yet […]

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ForkLog 34 19.05.2024

Venezuela Halts Cryptocurrency Mining to Protect Power Grid

Venezuela’s Ministry of Electricity will disconnect “all cryptocurrency mining farms” from the national power grid to manage demand. This was reported by local media, citing a statement from the ministry. “The goal is to disconnect all cryptocurrency mining farms in the country from the national electrical system to avoid high demand and continue providing efficient […]

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ForkLog 16 17.05.2024

Russian Miners Extract 54,000 BTC in 2023

In 2023, Russia secured the second position in cryptocurrency mining volumes, trailing only the United States. This was reported by Kommersant, citing data from BitRiver. According to their calculations, Russian miners extracted approximately 54,000 BTC last year (valued at $3.5 billion at the current rate). The country operated an average of up to 2.2 GW […]

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ForkLog 27 17.05.2024

Biden’s Closure of Chinese-Owned Mining Farm Disrupts CleanSpark Acquisition

A mining facility owned by the Chinese-controlled company MineOne, which was ordered to close by U.S. President Joe Biden, was in the process of being sold to CleanSpark. This was reported by CoinDesk. On May 13, the head of state, following a recommendation from the Committee on Foreign Investment in the United States (CFIUS), prohibited […]

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ForkLog 33 15.05.2024

El Salvador Mines Nearly 474 BTC in Three Years

Since 2021, El Salvador has mined 473.5 BTC, valued at approximately $29 million, at a state-run geothermal power plant harnessing volcanic energy, according to Reuters. The country’s national Bitcoin office announced the launch of its own space in the Bitcoin mempool, allowing real-time tracking of the cryptocurrency balance in the state treasury. At the time […]

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ForkLog 17 14.05.2024

Biden Blocks Chinese Miner from Owning Property Near Air Force Base

U.S. President Joe Biden has prohibited a mining company controlled by Chinese nationals from owning real estate near an Air Force base in Wyoming, according to a statement from the Treasury Department. The President has mandated that MineOne Partners Limited sell the property due to national security concerns. The firm, whose majority shares are held […]

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