Bitdeer to expand operations with $150M convertible notes offering
Bitdeer Technologies Group’s stock price dropped to $6.33 after it announced a senior convertible notes offering. Go to Source
crypto mining
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IMF execs float raising crypto mining electricity prices by 85%
A tax on the energy used by crypto miners could cut emissions by 100 million tons a year, equal to Belgium’s emissions, say two IMF executives. Go to Source
Iran is giving $24 to anyone who dobs in illegal crypto miners
The boss of Iran’s state-run electricity company said some had exploited subsidized electricity to run crypto mining operations, straining the power grid. Go to Source
Putin Signs Law to Regulate Crypto Mining in Russia
Russian President Vladimir Putin has enacted legislation to formally regulate the cryptocurrency mining sector in Russia, with the law set to take effect in November. This legislation establishes a regulated framework for mining operations, limiting participation from entities associated with electricity and prohibiting the promotion of cryptocurrencies. It also allows the circulation of mined cryptocurrency … Read more
Airbnb Host Imposes No Mining Rule After Guests Rent Her Property to Mine Crypto
An Airbnb host, Ashley, shared her experience on Tiktok about guests who accumulated a $1,500 electricity bill by setting up an electric vehicle station and mining cryptocurrency during their three-week stay. Despite leaving the property in excellent condition, the guests’ excessive energy use, captured on external security cameras showing them bringing in 10 computers, prompted … Read more
CleanSpark’s mining expansion continues with Wyoming facilities
The US miner is now the second-largest by market cap, after flipping Riot Platforms. Go to Source
Senator Warren Calls for Tougher Regulations to Combat National Security Risks From Foreign Crypto Mines
Senator Elizabeth Warren has called for stricter regulations to address the risks of foreign-owned cryptocurrency mining facilities in the U.S. She highlighted the environmental and national security threats, especially from Chinese-owned operations, and stressed the importance of stronger laws to regulate crypto mining and prevent foreign exploitation. Senator Warren Raises Concerns Over Foreign-Owned Crypto Mining … Read more
Russia Advances Cryptocurrency Mining Bill
Russia’s State Duma has advanced a bill to regulate cryptocurrency mining, aiming to curb illegal activities and promote investment and employment. Proposed by the chairman of the Duma Committee on Financial Markets and supported by key deputies, the bill mandates strict guidelines for miners, including registration and government oversight. If passed, the law will take … Read more
Foreign crypto miners could be spying on US bases: Elizabeth Warren
Senator Warren has lambasted foreign-owned crypto miners in the country, saying they’re loud, hot, and “suck up a ton of electricity, which can crash the power grid.” Go to Source
Enegix Global Builds Natural Gas-Powered 80 MW Crypto Mining Center in Brazil
Cryptocurrency mining company, Enegix Global, has announced the construction of a new 80 MW data center in Brazil, marking a significant expansion of its operations. The two-phase project, set to launch its initial 20 MW phase in September 2024, will operate on natural gas with an uptime of 96%. This strategic move comes amid shifting … Read more
