2024-3-6 22:19 |
Mining company Hut 8 is shutting down its Bitcoin mining platform in Drumheller, Alberta, Canada.
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Amidst the SEC's tough stance on crypto, portrayed by Gary Gensler, a narrative of Bitcoin mining nurturing local economies unfolds in Canada, Paraguay, and Texas, spotlighting a contrasting, beneficial facet of the crypto realm.
2023-10-26 10:59 | |
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The Canadian Supreme Court of British Columbia has approved the merger plans between Canada’s Hut 8 Mining Corp. (Hut 8) and U. S. Data Mining Group, US Bitcoin Corp. (USBTC), according to a Sept.
2023-9-19 20:40 | |
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In May 2023, Hut 8 Mining, a crypto miner based in Toronto, Canada, and one of North America's largest publicly traded mining firms, mined 147 bitcoin (BTC)
2023-6-11 11:56 | |
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In response to the Biden administration's proposed crypto mining tax, Bit Digital has strategically moved a significant portion of its mining machines to Iceland and Canada.
2023-5-19 19:38 | |
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Laval, Canada, May 11th, 2023, Chainwire Groundbreaking Initiative Revolutionizes ASIC Repair Services, Encourages Sustainability and Decentralization in Cryptocurrency Mining. D-Central Technologies Inc.
2023-5-12 23:48 | |
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Canada has become the latest country to fight Bitcoin mining with the news that the city of Quebec wants to end selling cheap power to crypto miners in response to rising global energy prices. Government-owned Hydro-Quebec recently asked the provincial regulator to reallocate the 270 megawatts of energy previously set aside for mining Bitcoin.
2023-2-13 15:44 | |
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Local stakeholders believe that a crypto mining moratorium might actually mean the beginning of a new dialogue between the government and the industry.
2023-1-15 17:01 | |
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Multiple local governments across Canada have started to make life much harder for bitcoin miners.
2023-1-6 21:16 | |
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British Columbia, Canada, will deny electricity to new crypto mining firms, according to a press release published by the provincial government on December 21. The post Canada’s western province, BC, will block new cryptocurrency miners appeared first on CryptoSlate.
2022-12-22 06:00 | |
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The local heavily indebted utility has received up to 4.6 GW of requests from miners looking to connect to the grid.
2022-12-3 11:13 | |
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The local heavily indebted utility has received up to 4.6 GW of requests from miners looking to connect to the grid.
2022-12-2 11:13 | |
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It asked the Canada's energy regulator to suspend the allocation of 270 megawatts already planned for mining in Quebec.
2022-11-4 23:53 | |
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Bit Digital Chief Strategy Officer Samir Tabar joined CoinDesk TV’s “All About Bitcoin,” to discuss the mining company’s bid to increase hosting capacity in Canada.
2022-8-6 20:33 | |
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The marketplace will offer hosting clients in the U.S. and Canada, with miners able to have as little as one mining rig hosted with some providers.
2022-6-28 17:47 | |
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Mining companies are intensifying their Bitcoin holdings sales as first cryptocurrency shows too much volatility on market
2022-6-21 17:00 | |
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Lucrative Bitcoin mining is reportedly on the upswing in Thailand–thanks to cheap leftover hardware purchased from China, Al Jazeera reported. Over 50% of the industry was forced to relocate in May after China imposed a ban on mining crypto, and while big operations found their new bases in countries like the US, Kazakhstan, and Canada, […] The post Thailand’s small entrepreneurs tapped into lucrative Bitcoin mining–buying up rigs from China appeared first on CryptoSlate.
2021-12-31 09:30 | |
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Is it profitable to mine cryptocurrency if the cost of energy is higher than profit? Many miners are moving to the USA, Canada, Russia, and the Scandinavian countries, where the cold climate makes it possible to lower the cost of BTC mining.
2021-12-8 09:00 | |
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Compass Mining partners with Red Jar Digital Infrastructure to pioneer Bitcoin mining in Ontario, Canada.
2021-11-3 15:00 | |
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The two farms are expected to accommodate 21,000 bitcoin mining rigs and generate over 2 EH/s.
2021-10-28 21:31 | |
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Vancouver is a beautiful city. It has perhaps the most livable climate in Canada and is known for its natural beauty, great food, and progressive culture. It’s also headed to be the world’s first city heated by Bitcoin mining.
2021-10-25 10:00 | |
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Cryptocurrency miner Mintgreen has agreed to a deal to supply the city of North Vancouver, Canada with heat generated from bitcoin mining beginning in the winter of 2022. The firm is working with Lonsdale Energy Corp.
2021-10-18 14:30 | |
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A Canadian company is looking to change the narrative around Bitcoin mining by using energy for the public good. Earlier this week, MintGreen – a green energy Bitcoin mining firm – announced that it had agreed to supply heat generated from crypto mining to over 100 residents in North Vancouver.
2021-10-16 23:20 | |
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On Friday Hut 8 Mining announced the closing of its underwritten public offering of common shares in the United States and Canada.
2021-9-19 20:29 | |
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Though regulations in some Canadian regions make bitcoin mining difficult, the country overall is poised to become a top-three mining hub.
2021-8-31 01:00 | |
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For a long while, the huge amounts of energy used by the Bitcoin network in mining the cryptocurrency have been a subject of discussion. Many have decried the network to be bad for the environment, as the high energy usage could be contributing to climate change.
2021-8-19 22:57 | |
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The IBC group has significant Bitcoin and Ethereum mining operations across China and has over 1500 people employed in more than 40 cities. The group, which has...
2021-7-6 19:08 | |
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IBC Group, a private equity firm that focuses on blockchain technology, has closed down all its Bitcoin (BTC/USD) and Ethereum (ETH/USD) mining facilities in China in response to the government’s decision to limit cryptocurrency mining.
2021-7-6 16:24 | |
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The diversified location of Bitcoin mining facilities following China’s crackdown is great news for the rest of the world, iMining CEO Khurram Shroff says.
2021-7-5 13:10 | |
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The NABMI studies the growing Bitcoin mining industry in the U.S. and Canada.
2021-6-30 17:30 | |
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One of the largest Canadian renewable energy-focused cryptocurrency mining firms BitFarms has been listed on the New York-based American stock exchange Market NASDAQ. Cryptocurrency mining firms earn transaction fees in the native token of the specific network such as bitcoin, Ethereum, and Litecoin, for securing and processing transactions on the networks. The firm started as […]
2021-6-23 20:53 | |
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Vancouver-based DMG Blockchain Solutions announced its acquisition of 3,600 bitcoin ASICs, bringing its hash rate capacity to some 500 PH/s.
2021-4-21 20:31 | |
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The ASICs are set to be deployed in Blockstream facilities through the U.S. and Canada.
2021-1-28 01:54 | |
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BitFarms, a publicly-listed Bitcoin mining operation in Canada, has raised funds amounting to CAD $20 million from U.S-based institutional investors in its latest investment round. According to a pThe post Canadian Bitcoin mining operation raises CAD $20M from U.S investors appeared first on AMBCrypto.
2021-1-5 14:30 | |
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China is home to the biggest crypto mining industry in the world, despite many other countries implementing strategies to attract more mining firms. The US and Canada have tried since 2018 to challenge China’s global dominance in crypto mining for five consecutive years.
2020-9-13 15:09 | |
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Mining conglomerate, BHP Group has revealed that it has transacted a $14 million worth of iron ore trade through a blockchain-based platform which has been created by MineHub Technologies based in Canada.
2020-6-30 20:33 | |
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CoinDesk Research presents an in-depth look into one of the largest publicly listed mining companies, Hut 8.
2020-4-29 23:31 | |
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Here's how the "Great Lockdown" is redrawing the bitcoin mining landscape. The halving and economic crisis may be priced-in – but local politics aren't.
2020-4-19 19:30 | |
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HIVE shares have increased 10 percent since the deal to acquire a bitcoin mining farm in Canada became public.
2020-4-2 15:20 | |
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DMG Blockchain Solutions has set up 1,000 new Bitcoin mining rigs at its British Columbia facility for an unnamed U.S. client
2020-1-10 16:54 | |
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A prominent Bitcoin mining firm based in Canada, Great North Data, has gone bankrupt, according to a local media report. The publication, citing a bankruptcy report, stated that CA$13.2 million was liThe post Bitcoin mining firm backed by Canadian government files for bankruptcy appeared first on AMBCrypto.
2019-12-6 19:30 | |
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Great North Data, a firm that ran bitcoin mining and AI processing data centers in Canada, has filed for bankruptcy owing millions to creditors including government agencies.
2019-12-6 13:54 | |
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Great North Data, a Canada-based Bitcoin mining and AI algorithm processing center has shuttered and is filing for bankruptcy protection. The company has listed more than $13 million in liabilities against a meager $4.
2019-12-5 12:34 | |
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A nascent industry utilizing flared gas to power bitcoin mining units has been developing over the past year or so, in symbiosis with the oil and gas industry in North America. Companies providing services in this promising niche continue to install mobile datacenters at oil wells in the U.
2019-11-18 12:55 | |
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Canadian gas companies are using trapped natural gas to fuel Bitcoin mining, instead of simply having it flared to the atmosphere. Bitcoin mining is renowned for requiring a lot of resources, and with an increased price of the coins, mining is once again under the spotlight.
2019-11-4 14:30 | |
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Hut 8, one of the largest public Bitcoin mining farms by operating capacity, has released its financial report for the second quarter of 2019. The mining firm recorded a tremendous surge in its net profit and overall revenue for Q2, with the net profit for the firm reaching $33.
2019-8-30 21:30 | |
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Blockstream, the blockchain infrastructure firm that sent a Bitcoin satellite into space, has entered the cryptocurrency mining space. The company revealed details about its Bitcoin mining data centers in Quebec, Canada and Adel, Georgia earlier this week.
2019-8-9 14:40 | |
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Ведущий поставщик биткоин- и блокчейн-решений компания Blockstream объявила об открытии двух крупных центров для добычи криптовалют. Первыми клиентами станут Центр прикладных технологий от Fidelity и сооснователь LinkedIn Рид Хоффман.
2019-8-9 10:42 | |
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Gas companies in Canada are utilizing trapped natural gas otherwise flared to the atmosphere for bitcoin mining, creating a useful application for illiquid energy. Why Flare When You Can Mine Bitcoin Canadian gas companies in Alberta are developing means of utilizing natural gas to power bitcoin mining farms.
2019-7-13 19:03 | |
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Learn how to earn Bitcoin (BTC) through mining, trading, freelancing, airdrops, and incentivized social media. Following the SEC’s approval of spot Bitcoin exchange-traded funds (ETFs) in the U.S. in January, the world’s largest cryptocurrency by market cap has increasingly become…
Although transactions surged and fees hit records following the RUNES protocol launch, miners could still struggle with lower fees and steady hashrate after the halving, analysts say. Despite the recent halving event, which saw the block reward drop from 6.25…
The new Hut 8 (HUT), resulting from the merger with US Bitcoin Corporation (USBTC) that closed last November, features a diversified business model with multiple revenue streams, broker Benchmark said in a research report on Monday.
India's ED is investigating Raj Kundra in a $800m cryptocurrency Ponzi scheme, seizing assets and linking him to a failed Bitcoin mining project.
A recent analysis by crypto exchange Bybit has sounded the alarm on a potential shortage of Bitcoin (BTC) on exchanges by the end of 2024 if demand remains at similar levels. The report predicts that reserves could be entirely depleted within the next nine months if current withdrawal rates persist — currently around 7000 BTC […] The post Exchanges expected to run out of Bitcoin 9 months after halving – Bybit report appeared first on CryptoSlate.
Institutional Bitcoin data provider Block Scholes anticipates a novel impact from next week’s Bitcoin halving on the network’s performance. The company believes that it may lead to an immediate drop in the network’s hash rate by roughly 25% within the first two weeks.
Quick Take In the midst of economic uncertainty, Bitcoin continues to dance around the crucial $70,000 level, demonstrating its resilience despite the DXY index steadily climbing towards 106 and US yields on the rise.