Argentina's Customs Office Seizes $21M in Crypto Mining Equipment
The case involves 2,233 Whatsminer machines that were improperly imported, according to the government. Source
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Equipment
Compass to Sell $30 Million in Crypto Mining Equipment Located in Russia – Mining Bitcoin News
The U.S.-based company Compass Mining plans to sell $30 million worth of bitcoin mining equipment that’s currently located in Siberia. The decision to sell the mining rigs follows the U.S. government sanctioning the bitcoin mining operation Bitriver and ten subsidiaries. Compass is hoping to offload 12 megawatts of capacity, according
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Bitcoin Miner Iris Energy Gets $71M Equipment Financing From NYDIG
The financing is backed by 19,800 Bitmain S19j Pro miners that have hashrate of about 1.98 exahash per second. Source
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Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report – Mining Bitcoin News
Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills. Supply Exceeds Demand on Russian Market for Mining
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