According to a report from BitRiver, Russia's largest crypto mining entity, the Russian crypto mining sector is anticipated to see growth ranging between 20% and 40% in 2024. This information was shared by industry insiders and reported by Overclockers.
Read MoreOn May 13, President Joe Biden issued a directive preventing MineOne, predominantly owned by Chinese nationals, from acquiring real estate near the Francis E. Warren Air Force Base for crypto mining purposes, citing national security concerns.
Read MoreHut 8, one of the United States' leading crypto mining firms, announced a significant decrease in its proprietary production for April, as per a company statement released on May 6.
Read MoreSenator Warren echoed the concerns expressed in a New York Times piece on the dangers Bitcoin poses to our electricity grids and the environment.
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