Global #Cryptocurrency mining

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.

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