Mining


Markets

Bitcoin Miner Bitfarms Leases 2,000 Rigs From BlockFills, Has Option for Up to 7,000 More

Bitfarms boost its mining power by 360 PH with the new lease, set to run for 24 months.

Cryptocurrency mining machines

Markets

Three Iranian Power Plants Plan to Sell Electricity to Crypto Miners

Three Iranian power plants with enough output to supply half of New York City will begin selling some surplus power to crypto miners.

The Shahid Salimi Power Plant outside of Neka, Iran

Finance

Ethereum Smashes Records as DeFi Hype Sends Transactions and Miner Revenue Soaring

Miners may be the real winners from DeFi as a surge in Ethereum activity sees them earn a record $16 million in a day.

(Wikimedia Commons)

Policy

Ex-Employee at Australian Science Agency Avoids Prison After Mining Crypto on Supercomputers

A former contractor for Australian science agency CSIRO was found to have mined around $7,000 in cryptocurrency.

(Nils Versemann/Shutterstock)

Policy

Iran May Fund Car Imports With Cryptocurrency Mining

An Iranian free trade zone is proposing locally mined cryptocurrency might be a way to fund car imports.

Car shipment (asikkk/Getty Images)

Markets

Argo's H1 Revenue Soars but Profits Drop as Bitcoin's Halving Boosts Mining Costs

Argo Blockchain has reported a near quadrupling in revenue even as capital depreciation led pre-tax profits to slide by 45%.

(Shutterstock)

Policy

Russia's Latest Draft Bill Would Still Largely Ban Crypto, Stifle Miners

Russia's Ministry of Finance wants to ban any cryptocurrency payments, which could be bad news for the country's mining farms.

House of the Government of the Russian Federation (Aksenov Petr/Shutterstock)

Policy

Russia's Crypto Mining Farms Would Have to Report to Government Under Proposed Bill

Russian wants all data centers, including mining farms, to report what they do and how they operate. Local experts say that brings risk.

Bitriver mining farm in Bratsk, Russia.

Finance

DCG to Invest $100M in Bitcoin Mining Venture

Blockchain investment firm Digital Currency Group has branched into the bitcoin mining industry though a subsidiary called Foundry.

DCG founder and CEO Barry Silbert

Markets

Bitcoin Mining Facility With Room for 50,000 Rigs Set to Launch in Kazakhstan

The 180-megawatt facility that will be able to host 50,000 bitcoin mining rigs is set to launch sometime in early September.

The Ekibastuz mining facility.