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“# Bitcoin mine heat-recycling firm MintGreen closes seed round led by CoinShares ” Sustainable crypto mining firm MintGreen has completed its seed investment round, with top digital asset manager CoinShares leading the round. A portion of the funds will likely be used to support two pilot projects intended to showcase how MintGreen’s proprietary technology can…
“# The use of blockchain tech should be more environmentally friendly ” It is no longer news that the United States has restated its commitment toward lowering carbon emissions and taking an active part in the quest to normalize environmentally friendly measures on the global scene. This drastic shift in policymaking will spur the introduction…
“# ‘Existential threat’ to Bitcoin-investing companies from carbon fallout ” Allocating capital to Bitcoin risks a backlash from environmentally conscious investors, according to author and co-anchor of CNBC’s Squawk Box, Andrew Ross Sorkin. In a piece for the International New York Times, syndicated worldwide, Sorkin pointed to statements by Lawrence Fink, CEO of Black Rock…
“# Bitmain accused of illegally poaching engineers by officials in Taiwan ” Prosecutors in Taiwan have accused Bitmain Technologies of illegally poaching more than 100 Taiwanese engineers. According to a report by Nikkei Asia, a probe has already been launched in New Taipei and Hsinchu — Taiwan’s semiconductor manufacturing hub — to investigate the activities…
“# Argo Blockchain buys 320 acre land plot in Texas to expand mining operations ” Publicly-listed mining company Argo Blockchain has finalized its acquisition of a new, 320 acre land plot in West Texas, United States, which it plans to use for the construction of a new 200NW cryptocurrency mining facility. News of the planned acquisition…
“# Is Bitcoin a Ponzi scheme? Pick your side in the latest Cointelegraph Crypto Duel! ” Does Bitcoin meet the definition of a Ponzi scheme? This is the subject of the latest Cointelegraph Crypto Duel, where Bitcoin strategist at Kraken meets professor of computer science at the University of Campinas, Jorge Stolfi. Similar to other…
“# Bitfury’s US Bitcoin mining subsidiary to go public via $2B SPAC merger ” Cipher Mining Technologies Inc. a subsidiary of blockchain development firm Bitfury has inked a $2 billion merger deal with Nasdaq-listed Good Works Acquisition Corp — a special purpose acquisition company, or SPAC. Both companies have entered into a business combination agreement….
“# Argo Blockchain CEO becomes first publicly traded company exec paid in Bitcoin ” On Wednesday, British cryptocurrency mining company Argo Blockchain revealed that Argo CEO Peter Wall is now the first executive of a publicly-traded company to take their entire salary in Bitcoin. In a February operational update, the company — which trades on…
“# Australian green energy Bitcoin mining firm doubles pre-IPO funding round ” Iris Energy, an Australian firm that invests in Bitcoin (BTC) mining data centers powered by renewable energy sources, has doubled its second pre-initial public offering round. According to Bloomberg, a 13 million Australian dollar ($10 million) commitment from equity manager outfit Platinum Asset…
“# Bitfarms set to acquire 48,000 new miners in 2022 despite chip shortage ” One of the largest publicly traded Bitcoin mining operations in the world, Bitfarms, has undertaken to purchase 48,000 new miners over the next two years. The Canadian mining company has sourced the equipment from Chinese supplier MicroBT in a bid to…