Mining

Crypto Mining Firm Argo Blockchain Raises $32 Million in Pioneering London IPO

Advertisement Argo Blockchain, a UK-based digital coin mining company has become the first cryptocurrency company to be listed on the London Stock Exchange. The company recently completed an initial Public Offering (IPO), placing 156,250,000 ordinary shares accounting for 53.2% of its issued share capital valued at 0.16 GBP each.The IPO raised 25 million GBP ($ […]

Mining

Vancouver Bitcoin Mining Firm Installs 85 MW Substation to Power Massive Expansion Plans

Advertisement Vancouver-based DMG Blockchain Solutions Inc. recently announced that it had begun the installation of its 85-megawatt (MW) capacity substation, which will power the expansion of its crypto mining facility. The new 85-megawatt capacity transformer and electric substation will be connected to the utility power grid when completed, and it will help expand its product […]

Mining

Rogue Qiwi Employee Mined 500,000 Bitcoins on Company Hardware [Then Lost Them All]

Advertisement Qiwi, a large Russian payments company, has played a pioneering role in blockchain development in that country, largely driven by its CEO and major shareholder, Sergey Solonin. The reason for Solonin’s interest in cryptocurrency recently came to light during a lecture he gave at the Moscow School of Communications, according to Rubase. In 2011, […]

Mining

Google Bans Cryptocurrency Mining Apps from Play Store

Advertisement After banning cryptocurrency mining extensions from its Chrome Store earlier in the year, Google has now outlawed apps on its Play Store that engage in similar activity. In a new update to its developer policies, the tech giant has indicated that apps which are used to mine cryptocurrencies will be prohibited henceforth. However, the […]

Mining

Cloud-Mining Service Hashflare Disables Bitcoin Mining Contracts, Shuts Down

Advertisement Hashflare, one of the largest cloud-based mining service, abruptly shuts down Bitcoin mining contracts. In an official statement, Hashflare stated that they would disable their mining hardware and would effectively terminate all SHA-256 based mining contracts. The company said: “BTC mining continues being unprofitable, in light of which we would like to inform you […]

Mining

Vietnam’s Central Bank Approves Call to Suspend Import of Cryptocurrency Miners

Advertisement Vietnam is closing in on a sweeping move to – temporarily – ban the import of ASIC cryptocurrency mining equipment after the central bank approved the proposed plan. The State Bank of Vietnam (SBV), the country’s central bank, is in agreement with a government ministry’s proposal to suspend imports of cryptocurrency miners, local publication […]

Mining

Flooding in Sichuan Province Reveals Hidden World of China’s Small-Time Bitcoin Miners

Advertisement A special report on the recent floods across China’s Sichuan province has uncovered an extraordinary story of resilience, discomfort, tragedy, and rapidly changing economic circumstances experienced by the the people who make up the world’s largest concentration of small-time bitcoin miners. Put together by Chinese news platform Jiemian, the report follows the story of […]

Mining

Bitminer Factory – Co-Locating Cryptocurrency Mining Operations and Renewable Energy Projects

The blockchain revolution is a disruption that is consuming as much energy as an entire country the size of Peru, Israel, or Portugal. Bitminer Factory, based in Italy, aim to make blockchain operations sustainable with renewable energy projects “while sharing the benefits with token holders.” Bitminer Factory is currently conducting a pre-ICO, with its main […]