Crypto Mining
Russia Proposes Tax on Unrealized Gains for Crypto Miners.
Russian cryptocurrency miners may be required to pay taxes on coins they haven’t yet sold, according to plans revealed by the Federal Tax Service (FNS) to tax them on unrealized…
Argo Blockchain Accused of Making False Statements and Deleting Key Information.
Crypto mining firm Argo Blockchain has been accused of making false statements and omitting key information during its initial public offering (IPO) in 2021. Several investors filed a lawsuit against…
New York Bans Bitcoin Mining Run On Carbon-based Power Sources.
New York Governor Kathy Hochul has banned Bitcoin mining operations that run on carbon-based power sources. Companies for the next two years will not be allowed to expand or renew…
HashFlare Founders Arrested in $575 million Crypto Fraud Conspiracy.
The founders of the now defunct Bitcoin cloud miner HashFlare have been arrested in Estonia over a $575 million crypto fraud conspiracy. Established in 2015, HashFlare allowed customers to lease…
Iris Energy Loses Mining Power After Defaulting Loan.
Iris Energy, an Australian Bitcoin mining firm, suffered a major blow after it lost a significant chunk of its mining power after defaulting on a loan. As of November 18,…
Crypto Mining Permitted Under Russian Law.
A proposal to legalize cryptocurrency mining and the sale of the extracted digital currency was introduced to the Russian State Duma, the country’s lower house of parliament, on November 17.…
Crypto Winter Continues to Suck Out Profitability of Bitcoin Miners.
DA Davison, a Wall Street investment bank, has downgraded Core Scientific (CORZ) and Argo Blockchain (ARBK) from buy to neutral. Chris Brendler, an analyst, highlighted that crypto winter continues to…
Binance Pool Boosts Crypto Mining Industry with $500 million Lending Project.
Binance Pool has launched a $500 million lending project especially to support the ailing crypto mining industry. It will provide access to a $500 million loan fund on several conditions,…
Equity Markets Aren’t Getting any Looser, Debt Markets Aren’t Getting Any Cheaper.
Fred Thiel, Marathon CEO, highlighted that the equity markets aren’t getting any looser, the debt markets aren’t getting any cheaper, and the deals miners are doing for financing are pretty…
US: Texas Bitcoin miners hit as heat wave expected to push electricity grid to its limits.
Bitcoin miners across Texas are suspending operations as a severe heat wave is expected to push the electricity grid to its limits. Authorities said more than 1,000 megawatts worth of…
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