Global #Cryptocurrency mining

A sprawling, unlicensed network of cryptocurrency mining operations has emerged as a major crisis in Iran, consuming more electricity than entire provinces and threatening the national power grid.

Bitcoin mining company MARA Holdings Inc. is making a strategic pivot into artificial intelligence (AI) by acquiring a majority stake in EDF’s Exaion, a French high-performance computing and AI infrastructure firm.

Kyrgyzstan, a country known for its abundant hydroelectric resources, experienced a sharp decline in tax revenue from cryptocurrency mining in 2024, despite a global rise in crypto valuations.

GreenpeaceUSA has quietly ended its "Change the Code" campaign, an initiative aimed at mitigating the environmental impact of cryptocurrency mining.

Russian authorities are set to introduce significant restrictions on cryptocurrency mining in regions of Ukraine under its control, marking a new regulatory step in the country’s ongoing response to its energy challenges amid the war.

Crypto mining hardware is the backbone of the cryptocurrency mining industry. It determines the efficiency, profitability, and overall success of a mining operation.

On October 30, Evgeny Grabchak, Russia’s Deputy Energy Minister, announced that the country will soon impose restrictions on cryptocurrency mining in regions facing critical electricity shortages.

Green United LLC has lost its bid to dismiss a lawsuit filed by the U.S. Securities and Exchange Commission (SEC), which accuses the company and its executives of orchestrating a fraudulent cryptocurrency mining scheme that allegedly defrauded investors of approximately $18 million.

On September 23, 2024, Riot Platforms announced a settlement agreement with Bitfarms Ltd., effectively concluding Riot’s unsolicited bid to acquire the company.

Rhodium, a Texas-based Bitcoin mining firm, recently made headlines with its bankruptcy filing on August 24. The firm’s financial troubles, compounded by mounting debt and operational difficulties, paint a sobering picture of the challenges facing the cryptocurrency mining sector.

The Russian Senate has passed a landmark bill on cryptocurrency mining, paving the way for it to become law pending President Vladimir Putin's signature.

Mike Novogratz, founder of Galaxy Digital, recently commended the cryptocurrency mining industry for its resilience in the face of economic uncertainties. He highlighted insights from a Galaxy Digital report, emphasizing key trends shaping the mining landscape.