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Chinese Mining Giant Canaan to Go Public in US in November: Sources

News Chinese crypto mining giant Canaan Creative plans to list as a publicly traded company in the United States in November 2019, according to an unconfirmed report. Canaan to issue 1.26 billion sharesCanaan Creative, which reportedly filed a $200 million initial public offering (IPO) request wit..

US Charges Singaporean Miner Who Stole $5M Worth of Cloud Computing Power

News The United States prosecutors have officially indicted a man from Singapore for using stolen identities to illegally utilize Amazon Web Services’ cloud computing power for crypto mining. According to the indictment initially filed on Oct. 1, Ho Jun Jia was charged with eight counts of wire fr..

Virginia Bitcoin Mining Operation Ordered to Liquidate Assets

News BCause Mining, a Bitcoin (BTC) mining operation in the city of Virginia Beach in the United States, was ordered to liquidate its assets. In an Oct. 9 article, local news outlet the Virginian-Pilot reported that the Bitcoin mining company filed for bankruptcy earlier this year. This week, a f..

Bitmain Announces Two New ASIC Cryptocurrency Mining Rigs

News Leading Application Specific Integrated Circuit (ASIC) producer Bitmain announced two new series 17 Bitcoin (BTC) mining machines in a blog post published on Oct. 9. Bitmain: higher efficiency and hashrateBitmain co-founder Jihan Wu announced the S17+ and T17+ mining machines at the World Dig..

Customs Agents Seize Crypto Mining Units Smuggled out of Mongolia

News The Federal Customs Service of the Russian Federation stopped the illegal import of four crypto mining devices from Mongolia into Russia. Crypto mining equipment confiscatedOn Oct. 1 Coinspot reported that a Mongolian citizen was trying to smuggle the four mining devices with fans and connect..

Bitcoin Hash Rate Slows Uptrend as Fire Scorches Mining Farm

Ouch, Crypto Mine on Fire While Bitcoin is a digital coin, it has a physical component: nodes and miners. A network of tens of thousands of mining machines constantly process transactions and place them into blocks, creating a chain. Due to their physicality, these machines are susceptible to risk...

Government of Uzbekistan Triples Tax on Electricity for Crypto Miners

News The government of the Republic of Uzbekistan has ordered a 300% increase on electricity tariffs for cryptocurrency miners. According to a Sept. 27 announcement, the Cabinet of Ministers of the Republic of Uzbekistan has decreed that cryptocurrency miners must pay three times more the existing..

Employee Fined For Mining BTC on Nuclear Research Center Supercomputer

News An employee at a nuclear research center in the closed town of Sarov in Russia was fined for illegally mining Bitcoin (BTC). Convicted to pay $7,000 fineAccording to a Sept. 27 article by Russian news outlet Meduza, a man was fined 450,000 rubles ($7,000) for trying to mine Bitcoin by using a..

AI Firm Core Scientific Acquires Creator of Mining Program Honeyminer

News Blockchain and artificial intelligence startup, Core Scientific has acquired Stax Digital to further develop its infrastructure and software solutions. Creator of HoneyminerIn a Sept. 27 press release, Core Scientific announced the acquisition of blockchain mining company Stax Digital, the cr..

Bitmain to Launch Platform for Connecting Miners and Farms in October

News Chinese crypto mining hardware giant Bitmain will launch a platform connecting global crypto miners with farm owners in October. World’s first resource to connect farms and minersThe platform, dubbed World Digital Mining Map (WDMM), will be officially launched during the World Digital Mining ..

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