Ethereum Co-founder Criticizes Moratorium on Bitcoin Mining in New York
Ethereum founder Vitalik Buterin has joined in the criticism of New York state’s moratorium on mining using electricity generated from carbon sources.
Miners Account for More Than 2% of Total Energy Consumption in Russia
More than 2% of the total amount of electricity generated in Russian is consumed by citizens and companies involved in crypto mining.
Miner Maker Canaan Increases its Quarterly Profit by 327%
In the first quarter of 2022, the Chinese manufacturer of mining equipment Canaan enjoyed a gross profit of $130.9 million.
Iran Uncovers 6,914 Illegal Crypto Mining Farms
Iranian law enforcement authorities have identified and shut down a total of 6,914 illegal crypto mining farms since 2020.
Blockchain Hosting Provider Core Scientific Reports $466.2M Net Loss
US-based blockchain hosting provider Core Scientific suffered a net loss of $466.2 million in Q1 2022.
Riot Blockchain Mines 1,405 BTC in Q1
Riot Blockchain mined 1,405 BTC and posted a net profit of $35,6 million in the first quarter of the year.
NYDIG Grants Mining Company Argo Blockchain $70 Million Loan to Purchase New Miners
NYDIG will provide a $70.6 million loan to British mining company Argo Blockchain to purchase equipment for its new data center in Texas.
