Cryptocurrency Mining | ForkLog

ForkLog 7 08.02.2024

BitFuFu to Debut on Nasdaq via SPAC Merger

BitFuFu, a cloud mining service provider affiliated with Bitmain, will go public through a merger with the SPAC Arisz Acquisition Corp. According to the approved form F-4 by the SEC, shares of the merged company will be traded on Nasdaq under the ticker FUFU. The business merger is set to occur by February 24, 2024, […]

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ForkLog 6 07.02.2024

Illegal Cryptocurrency Miners Uncovered in Former Boiler House Near Novosibirsk

In the Novosibirsk region, police officers, in collaboration with energy specialists, have shut down an illegal mining farm comprising 100 devices. This was reported by AO “RES”. The equipment was located in a building that once served as a boiler house in the settlement of Chernorechensky, near Iskitim. In addition to the connected ASIC miners, […]

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ForkLog 20 07.02.2024

CleanSpark to Acquire Bitcoin Farms for $19.8 Million, Expanding Hashrate by 2.4 EH/s

Bitcoin miner CleanSpark is set to acquire three operational cryptocurrency mining facilities in Mississippi, USA, for $19.8 million, with a combined hashrate of 2.4 EH/s. Today we announced two new acquisitions, that combined with the imminent energization of the Sandersville expansion, provide us the additional power needed to double our current operational #hashrate of 10 […]

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ForkLog 7 06.02.2024

Bitcoin Miners’ Reserves Decline to July 2021 Levels

Bitcoin reserves held by miners have fallen to levels last seen in July 2021, according to observations shared by CryptoQuant analysts.

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ForkLog 36 03.02.2024

Illegal Mining Farm with 378 Devices Discovered in Dagestan

Police in the city of Kizilyurt uncovered illegally connected cryptocurrency mining equipment within an unnamed gardening association. This was reported by the press service of the Ministry of Internal Affairs for the Republic of Dagestan. The mining farm was located in an auxiliary room. Law enforcement seized 378 devices. “The connection to the power lines […]

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ForkLog 28 02.02.2024

Bitmain’s S21 Miner Named ‘Breakthrough of the Year’ by Bitdeer

Bitdeer hosted its inaugural Mining Awards 2023, recognizing the leading figures in the cryptocurrency mining industry over the past year. ? Bitdeer Mining Awards 2023 Celebrating industry pioneers, innovations, and game-changers in #BitcoinMining ⛏️ Delve deeper into the details here ?https://t.co/xZwysSpTIx#BTCMining2023 #MinersCommunity pic.twitter.com/gnuGflhQK2 — Bitdeer (@BitdeerOfficial) January 25, 2024 The Antminer S21 by Bitmain won […]

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ForkLog 7 02.02.2024

US Department of Energy to Investigate Bitcoin Miners’ Energy Consumption

The US Energy Information Administration (EIA) will conduct a survey of mining companies regarding their electricity consumption. We’re initiating collection of data regarding #electricity use by US #cryptocurrency miners. We’ll ask about their electricity consumption so we can better understand their energy demands. ?https://t.co/gYpZgtiD6J pic.twitter.com/pQ9ULoLAAU — EIA (@EIAgov) January 31, 2024 The EIA, a statistical […]

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ForkLog 72 01.02.2024

Core Scientific Mines Over 19,200 BTC in a Year

In 2023, the bankrupt mining company Core Scientific mined 19,274 BTC (approximately $812 million at the time of writing). In 2023, Core Scientific produced 19,274 Bitcoin, comprising 13,762 self-mined and 5,512 client-mined in our data centers, making us the largest listed producer of #Bitcoin in North America! As every miner’s performance is crucial to our […]

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ForkLog 13 01.02.2024

Russia’s Bitcoin Mining Potential and Regulatory Critique

Cryptocurrency market regulation in Russia is progressing at a sluggish pace, despite the sector’s potential to contribute significantly to the national budget. This was highlighted by participants at the RBC-Crypto forum titled “Mining and Cryptocurrencies: Architecture of Growth.” According to the Industrial Mining Association, large data centers dedicated to cryptocurrency mining could provide liquidity for […]

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ForkLog 12 01.02.2024

Celsius Network to Distribute $3 Billion in Restructuring Plan

The bankrupt lending platform Celsius will distribute $3 billion to creditors under an approved restructuring plan. This decision was supported by 98% of account holders and confirmed by the Southern District of New York court. Recipients can expect assets in cryptocurrencies, fiat, and common stock of the new Bitcoin mining company Ionic Digital. The latter […]

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ForkLog 9 30.01.2024

Illegal Mining Farm Discovered in Unfinished House in Irkutsk Region

Police in the Irkutsk region conducted a raid in the village of Zalari, uncovering an illegal mining farm within the confines of an unfinished private house. The operation was prompted by a complaint from energy providers, who discovered that the building was illicitly connected to the power grid. A metal container on the site emitted […]

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ForkLog 27 29.01.2024

GRIID Mining Company Debuts on Nasdaq

On January 29, the American mining company GRIID went public through a reverse merger with a SPAC. Shares under the ticker GRDI began trading on Nasdaq, as stated in the press release. In December 2021, the firm announced a definitive agreement with Adit EdTech Acquisition Corp. The deal was closed on January 2, 2024, and […]

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