Mining


Finance

Shares of Bitcoin Miner Argo Blockchain Suspended in UK and US

The struggling firm said at the end of October that it might have to cease operations if it was unable to secure additional financing.

Argo Blockchain's Helios facility in Dickens County, Texas. (Argo Blockchain)

Tech

Crypto Miner Hive Cuts Computing Power Forecast for Intel Chip-Based Rigs

The Canadian firm said 5,800 machines will provide computing power of upward of 630 petahashes per second by end of January. That's less than the October forecast of 1 exahash.

Riot Platforms’ acquisition of Block Mining makes sense, JPMorgan says. (Sandali Handagama)

Policy

US Lawmakers Want Environmental Agency to Study Crypto Mining's Energy Impact

The Crypto-Asset Environmental Transparency Act would direct the EPA to impose greenhouse gas emission reporting rules on crypto mining facilities and assess their overall impact on the U.S.' environment.

Sen. Edward Markey (D-Mass.) at a press conference on Dec. 8. (Jemal Countess/Getty Images for SEIU)

Finance

Bitcoin Miner Marathon Expects to Recover Less Than Half Its Deposit From Bankrupt Compute North

In its monthly update the company also disclosed additions to its bitcoin stack and the payoff of some debt.

Marathon Digital CEO Fred Thiel, at the Bitcoin conference in Miami (CoinDesk)

Finance

Bitcoin Miners Offered Way to Cut Texas Electricity Usage to Help the Grid

The state's interim, voluntary program to lower power consumption during high demand periods, might go live as early as Jan. 1, 2023.

Bitcoin mining can soak up renewable energy that is hard to transmit or consume locally, giving a leg up to energy producers. (Yunha)

Finance

Bitcoin Miner Riot Switches Mining Pool After Falling Short in November

The miner used Braiins mining pool, whose payout method caused the variance between Riot’s mining capacity and the amount produced, according to a person familiar.

(Midjourney/CoinDesk)

Finance

Bitcoin Miners’ FTX Contagion Exposure May Amplify Industry Pain

Core Scientific, Bitfarms and Genesis Digital Assets are among miners that have direct and indirect exposures to the fallout.

Obra de IA sobre el colapso. (DALL-E/CoinDesk)

Finance

Binance's Crypto Mining Pool Adds Ravencoin Support

Former Ethereum miners have been drawn to alternative coins like ravencoin after they had to leave the Ethereum network post-merge.

Many Ethereum miners have yet to resettle into mining a different crypto token. (Midjourney/CoinDesk)

Markets

Pre-Halving Rally? Litecoin Surges 43% to 6-Month High

Litecoin's third mining reward halving due in eight months, will cut LTC's pace of supply expansion by 50%.

Litecoin repunta 43% y supera a bitcoin y ether. (70154/Pixabay)

Policy

New York Imposes 2-Year Moratorium on New Proof-of-Work Mining After Gov. Hochul Signs Bill

The new law sets a two-year moratorium on new and renewed air permits for fossil fuel power plants used for energy-intensive proof-of-work (PoW) cryptocurrency mining.

(Eliza Gkritsi/CoinDesk)