Mining


Markets

Kentucky Bill Seeks to Lure Crypto Miners With Tax Breaks

Reps. Rudy and Freeland's bill would exempt crypto miners from paying either Kentucky sales or excise tax.

Kentucky state Capitol

Finance

Bitcoin Miner Marathon Patent Group Completes $200M Capital Raise

Nasdaq-listed Marathon said it will use the funds to pay for recent hardware purchases from Bitmain and to expand its business.

Bitcoin miners

Markets

Russian Oil Drilling Giant Opens a Crypto Mining Farm Run on Gas Energy

Gazpromneft, a subsidiary of Russian oil and gas giant Gazprom, is opening a bitcoin mining venue on one of its oil drilling sites.

gas flaring bakken

Markets

Valid Points: Forget Staking, There Are Still Coins to Be Mined on PoW Ethereum

Ethereum miners are making investments to maximize profits before mining becomes obsolete and gets replaced by validating on Ethereum 2.0.

Mining facility

Tech

Linzhi Begins Rollout of Long-Awaited Ethereum Miner 'Phoenix'

Linzhi’s “Phoenix” Ethereum ASIC miner is three times more powerful than other machines on the market, as well as more energy efficient.

Krasyuk/iStock/Getty Images Plus

Finance

US Bitcoin Mining Firm Core Scientific to Triple Capacity With Massive 59,000-Machine Order

U.S. blockchain and AI infrastructure provider Core Scientific has expanded its fleet of state-of-the-art crypto miners to over 77,000.

Core Scientific's mining facility in Calvert City, Ky. (CoinDesk archives)

Finance

WEF, Mining Giants Develop Blockchain Platform for Tracking Carbon Emissions

The World Economic Forum (WEF) has finalized a platform that tracks CO2 emissions during mining processes using blockchain.

industry-2023592_1920

Finance

Ukraine Oligarch's Troubled US Steel Plant Has Been Quietly Mining Bitcoin: Report

The Kentucky-based CC Metals & Alloys steel plant owned by Ukrainian billionaire Ihor Kolomoisky is mining bitcoin as other activities have stopped, according to a report.

Ukrainian billionaire Ihor Kolomoisky

Finance

Long in China’s Shadow, the US Is Becoming a Bitcoin Mining Power Again

Following a string of investments, miners are increasingly optimistic about prospects for the U.S. market in 2021.

Greenidge Generation's bitcoin mining facility.

Markets

Russian Hospitalized After Bitcoin Mining Farm Sets Apartment on Fire

A poorly managed mining farm in St. Petersburg, Russia, set an apartment on fire and injured the operator, according to a report.

Bitcoin ASIC miner (CoinDesk Archives)