Crypto Mining Merger: Northern Bitcoin Combines Forces with Whinstone US

Crypto Mining Merger: Northern Bitcoin Combines Forces with Whinstone US

Big news from the crypto mining industry: the Germany-based Northern Bitcoin has agreed to a merger with Whinstone US, Inc. Whinstone US is already a leading player in creating crypto mining centers with a number of high-profile projects attributed to its name. After the merger, the two companies are poised to overtake many leading Bitcoin(BTC)trade mining enterprises in the world. The CEO of Northern Bitcoin AG, Mathis Schultz, said: “With this merger, we are catapulting…

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Iran Proposes Rewards to Informers Against Illicit Crypto Mining

Iran Proposes Rewards to Informers Against Illicit Crypto Mining

Iran has introduced a new policy, proposing that anyone who shares information about illegal and unauthorized mining of cryptocurrency in the country will receive a bounty. This was surfaced following the country’s new introduced regulations regarding the calculation of price of electricity that is utilized by crypto miners. Iran’s Energy Ministry’s spokesperson announced that anyone who will go on record and expose people who have wielded electricity for the mining of digital currencies will receive…

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Crypto Mining Manufacturer Canaan Sets IPO Share at $9-$11; Seeks to Raise $100M

Crypto Mining Manufacturer Canaan Sets IPO Share at $9-$11; Seeks to Raise $100M

Crypto mining manufacturer Canaan Creative announced that it would endeavor to raise $100 million through its initial public offering (IPO) on the Nasdaq. According a report published by Renaissance Capital, Canaan seeks to distribute 10 million equity shares at a price between $9 and $11. Canaan creative is a cryptocurrency mining manufacturer based in Hangzhou, China. Recently, it approached U.S. Securities and Exchange Commission (SEC) to update its IPO application. Officials at Canaan are hopeful…

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CEO of Chinese Mining Firm MicroBT Is Arrested After Bitmain’s Infringement Allegations

CEO of Chinese Mining Firm MicroBT Is Arrested After Bitmain’s Infringement Allegations

China’s Shenzhen Police has arrested Zuoxing Yang, known as the CEO and founder of MicroBT, a Bitcoin(BTC)trade mining equipment manufacturer based in China. According to the city police, Mr. Yang has been held to assist the investigators regarding a dispute between MicroBT and Bitmain in which the latter accuses the former of exercising intellectual property infringement. MicroBT is a technology company which is focused on different developments related to blockchain and artificial intelligence. It especially…

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Crypto Mining Manufacturer Bitmain Files for IPO With the US SEC

Crypto Mining Manufacturer Bitmain Files for IPO With the US SEC

News making rounds suggest that the China-based Bitcoin mining giant, Bitmain Technologies, has resolved to seek an initial public offering (IPO) from the United States Securities and Exchange Commission (SEC). The crypto community woke up to the news of the secret IPO listing with the SEC on October 30 after prior rumors. According to a report by local news website Tencent News, the Bitcoin mining hardware manufacturer decided to let go of the Hong Kong…

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Bitcoin Mining Manufacturer Canaan Creative Files to List on Nasdaq

Bitcoin Mining Manufacturer Canaan Creative Files to List on Nasdaq

One of China’s largest crypto mining hardware manufacturers, Canaan Creative, has filed to list on the Nasdaq on Monday. The Nasdaq is an electronic exchange where stocks are traded through a digital platform instead of a trading floor. Canaan Creative is set to raise $400 million as it aspires to get listed after previously having failed twice in both China and Hong Kong, marking this as the company’s third initial public offering (IPO) attempt. Canaan…

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Closed Russian Aluminum Plant Switches Over to Bitcoin Mining Farm

Closed Russian Aluminum Plant Switches Over to Bitcoin Mining Farm

Russian news outlet RBC reports that the Nadvoitsy Aluminum Plant of the second largest aluminium company in the world, Rusal, is set to reopen activity on its old site but this time as a Bitcoin(BTC)trade mining farm. The metal plant was one of the largest in Russian before it was closed last year. Following the sanctions imposed by the United States Office of Foreign Assets Control (OFAC) on Rusal, the metal plant lost a large…

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Chinese Crypto Mining Giant Bitmain Discards Co-Founder and Executive Director Micree Zhan

Chinese Crypto Mining Giant Bitmain Discards Co-Founder and Executive Director Micree Zhan

The Beijing-based cryptocurrency mining manufacturing company, Bitmain, has undergone corporate reshuffling as the co-founder and executive director Micree Ketuan Zhan has been removed. The information was released by an internal email sent to the staff and reported on the Chinese media. Chinese news outlets report that another co-founder of the company, Jihan Wu, sent an email to the staff with the subject “Important Notice.” The email was sent on Tuesday around noon and the contents…

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Bitmain Builds the Largest Crypto Mining Farm Globally in Rockdale, Texas

Bitmain Builds the Largest Crypto Mining Farm Globally in Rockdale, Texas

Back on its feet, the world’s largest crypto chip maker Bitmain has made good of its promise to the people of Rockdale, Texas, and the global crypto community at large. You will recall the chip maker promised to create a crypto mining farm in Rockdale last year. Just when hopes were running high and Texas locals were looking forward to the positive influence of such a huge project, the hammer came falling. The crypto community…

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New Research Suggests Bitcoin Mining Can Be Environmentally Friendly

New Research Suggests Bitcoin Mining Can Be Environmentally Friendly

It has been argued countless times that Bitcoin(BTC)trade is in general not good for the environment. More specifically, the energy required to mine Bitcoin is tremendous and since a major source of our energy globally comes from non-renewable energy sources like coal, Bitcoin mining is contributing to the release of harmful gases such as CO2 (carbon dioxide) that are in general not good for the environment and are in fact expediting global warming. We are…

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