Crypto Miners Benefited from Bitcoin’s March Rally

Reading Time: < 1 minute Mining pools initiated transactions at the same time that Bitcoin was gaining strength due to the banking crisis in the United States.

Canada’s Watchdog Approves Merger Between Crypto Miners Hut 8 and US Bitcoin

Reading Time: < 1 minute The Canadian Competition Bureau has stated that it will not challenge the proposed merger between Hut 8 Mining and US Bitcoin.

US to Charge Crypto Miners 30% of Cost of Electricity Consumed

Reading Time: < 1 minute An excise tax for mining companies of 30% of the cost of electricity consumed by equipment will be introduced in stages over the next three years.

PEGA Pool Announces the Official Launch of Its Eco-friendly Bitcoin Mining Pool

Reading Time: 2 minutes Swanage, United Kingdom, 14th February, 2023, Chainwire  UK-based PEGA Pool announces the official launch of its eco-friendly Bitcoin mining pool that enables clients to offset their carbon footprint and incentivizes…

BlockFi Sells $160M in Loans Backed by Crypto Miners

Reading Time: < 1 minute Crypto lending platform BlockFi is trying to sell about $160 million in loans secured by about 68,000 Bitcoin miners.

Cryptocurrency Miners Are Abandoning Their Holding Strategies

Reading Time: < 1 minute Miners have started to sell the asset in trading floors since the beginning of the month.

Iranian Court Orders Release of Seized Crypto Mining Devices

Reading Time: < 1 minute The country’s authorities have been seizing mining devices over the past 2 years.

Mining Firm Blockware Sued for Improper Hosting Services

Reading Time: < 1 minute Faes & Company has sued mining firm Blockware Solutions for improper hosting services.

Creditors Offer Miner Core Scientific $72M to Save Company

Reading Time: < 1 minute B. Riley Financial has offered Core Scientific $72 million in financing to help the crypto mining company avoid bankruptcy.