Crypto Mining Companies Want to Diversify Their Income
As the upcoming halving in April 2024 approaches, mining companies are seeking ways to diversify their sources of income.
Bitmain Will Invest $54M in Core Scientific
Bitmain, a leading manufacturer of crypto mining rigs, has announced its plan to invest $53.9 million in Bitcoin mining firm Core Scientific.
Canaan Launches a New Generation Bitcoin Mining Device
Canaan has just unveiled its latest immersion-cooled cryptocurrency mining rig, the A1466I, which boasts a hashrate of 170 TH/s and an energy efficiency of 19.5 J/TH.
Riot Platforms Earns $31M from Crypto Miner Shutdowns
Riot Platforms, a leader in the energy market, netted last month a record of $31.6 million in power supply and demand response credits from Texas operator ERCOT, exceeding the figure for the entire 2022.
BlackRock Makes $400M Investment in Crypto Miners
BlackRock, a large investment firm, currently holds a 0.35% stake of its total $117.6 billion worth in four cryptocurrency mining companies, according to data from Finbold and CNN.
A Chinese Official is Sentenced to Life for Crypto Mining
The former official of the Chinese province of Jiangxi, Yi Xiao, has been handed a life sentence by a court after being found guilty of corrupt activities and supporting cryptocurrency mining operations.
Malaysian Authorities Seize Illegal Crypto Miners
Sarawak Energy, Malaysia’s electricity supplier, discovered an illegal mining farm in Miri on the island of Borneo, according to local media.
