Core Scientific Files a Chapter 11 Bankruptcy Plan
Core Scientific, a Bitcoin miner, has recently filed a chapter 11 bankruptcy plan with the Court of the Southern District of Texas Houston Division. Prior to
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Tether Ventures into Sustainable Bitcoin Mining Operations in Uruguay
Tether, the renowned issuer of the popular stablecoin USDT, has made a significant entry into the world of renewable energy and cryptocurrency mining. In an official
The White House Suggests Imposing a Punitive Tax on Crypto Mining
As per the latest reports, the White House is considering introducing a tax in the recent federal budget, aimed at demanding crypto miners pay approximately 30%
Nvidia executives say crypto is useless, support ChatGPT and AI.
Nvidia’s chief technology officer, Michael Kagan, believes that ChatGPT and other artificial intelligence (AI) solutions are more valuable than cryptocurrencies. Meanwhile, Nvidia is a chipset manufacturer
Market Situation Had No Effect on Argo’s Bitcoin Production
Argo Blockchain has repeatedly proven its mettle by achieving a remarkable 7% surge in its daily Bitcoin production rate in February, despite a 10% increase in
The Merge of Mining Firms: Hut 8 and US Bitcoin
Hut 8 and US Bitcoin announced their intention to merge in an official announcement. The merger, which will result in the creation of the company “New
Bankrupt BlockFi Gets the Approval to Set Up an Auction for Mining Business
BlockFi now gets approval to hold an auction for its crypto mining business, according to Bloomberg. The business may be able to raise some money and
Bitcoin hashrate is highly centralized: only 2 mining pools control more than 50% of the total
Based on the data about mining pools and hashrates, a great deal of power is being controlled by a few mining pools. According to the latest
Argo Blockchain Will Sell Helios Facility to Galaxy Digital
As per the recent development, the crypto mining firm Argo blockchain has decided to sell Helios. The move follows the desire to survive in an already difficult
No New Electric Connection for Miners in British Columbia
There has been an official announcement by the Government of British Columbia that it will stop supplying power to crypto miners for the time being. In
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