Russia Intends to Sell Electricity to Kazakhstan for Crypto Mining
The Russian government is exploring the possibility of supplying electricity to Kazakhstan for the needs of crypto mining companies.
Crypto Miner Compute North Files for Bankruptcy
Mining firm and provider of infrastructure solutions for cloud mining Compute North has filed for bankruptcy.
Russia Agrees on Bill to Regulate Mining Industry
The Ministry of Finance and the Bank of Russia have recently approved the final version of the regulatory framework for individuals and legal entities involved in cryptocurrency mining.
BTC Mining Difficulty Reaches a New Record High
The difficulty of mining BTC has increased by 3.45% and reached a record high of 32.05 T as a result of the latest recalculation.
Arcane Research: Public Miners Have a Stable Financial Position
According to Arcane Research experts, public mining companies are having a hard time due to the declining price of Bitcoin, rising electricity rates and the difficulty of mining. But none of them went bankrupt.
Largest Bitcoin Miners Lose More Than $1B
The most affected companies are Core Scientific, Marathon and Riot, as their total losses have exceeded $1 billion since the collapse of the Terra ecosystem.
Miners Sold More Than 5,700 BTC in July
Mining pools sold 3,767 BTC in July, whereas during the same month they mined 3,470 coins.
