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“# Our Man in Shanghai: Coinbase listing scorned, graphics cards seized, nostalgia coins rule ” It was a relatively quiet week in China’s blockchain space as events were overshadowed by the surge in the BTC price and the Coinbase direct listing in the U.S. Many locals reacted with surprise to the news, showing that exposure…
“# Chinese investors reboot Iranian Bitcoin mining facility ” After four months of closure, Iran’s largest Bitcoin mining facility is set to resume its operations. According to a report by IranWire, the decision to restart operations at the Bitcoin mining farm was due to massive financing put up by Chinese backers. Located in Rafsanjan, a…
“# Crypto mining will be a bridge to 100% renewable energy production, says Mike Colyer ” Mike Colyer, CEO of Foundry Digital, a crypto mining subsidiary of Digital Currency Group, says that mining Bitcoin could eventually help the world transition to green energy. Speaking at the Crypto Mining Forum online event today, Colyer said he…
“# Nvidia triples revenue forecast for crypto mining GPU sales ” Nvidia says the positive performance of its various market segments has seen the company revise its initial forecasts for Q1 of fiscal 2022. The company made this known during its annual investor day on Monday revealing total revenue for Q1 is already tracking above…
“# US firm splashes out on 4,800 Bitcoin miners worth $34M ” Pennsylvania software firm Integrated Ventures has announced the purchase of 4,800 Bitcoin (BTC) mining rigs from Chinese manufacturer Bitmain. The deal is worth just over $34 million and will see 400 of Bitmain’s Antminer model S19J’s delivered to Integrated Ventures each month for…
“# Riot Blockchain Bitcoin production jumps 80% over pre-halving levels ” In an announcement today, Riot reported that it had produced 187 Bitcoin (BTC) — roughly $11.2 million — last month, an 80% increase over its BTC mining in March of last year. The company said it held more than 1,565 Bitcoin on its balance…
“# All that mined is not green: Bitcoin’s carbon footprint hard to estimate ” The debate around the environmental impact of the Bitcoin mining ecosystem is heating up once again as academics have provided a fresh dose of perspective on the subject. In an opinion piece written by Noah Smith, a former assistant finance professor…
“# Ebang refutes Bitcoin ‘China Hustle’ claims as share price falls 20% ” The share price of Chinese Bitcoin (BTC) mining company Ebang continues to fall, while the firm refutes claims made in a Hindenburg Research report which alleged it was pilfering American investors’ cash. The Hindenburg Research report, published April 6, described Ebang as…
“# Our Man in Shanghai: Scandal as $45M of stolen government funds allegedly lost on 100X leverage ” Blockchain security company Beosin has been the focus of a major scandal after its Chief Marketing Officer Gao Ziyang was taken into custody and charged with embezzlement of state-owned assets. He is alleged to have been using…
“# Riot Blockchain is set to acquire a Texas data facility for $650M ” Riot Blockchain is continuing its Bitcoin (BTC) mining expansion efforts. Reports suggest that the U.S.-based miner is set to purchase Whinstone US Inc, currently owned by Northern Data. The planned purchase was announced via a press release by Riot Blockchain on…