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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Bitcoin Miner Riot Blockchain Buys Electrical Equipment Provider ESS Metron for $50M
Riot Blockchain (RIOT), one of the world’s largest bitcoin mining companies, is buying electrical equipment provider ESS Metron for $50 million, consisting of up to 715,41 Riot shares and $25 million in cash, according to a press release.Denver-based ESS Metron is a key supplier to Riot’s Whinstone, Texas, facility and
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Immersion Cooling Gets Attention From Miners Wanting to Squeeze More Power Out of Equipment – Mining Bitcoin News
Bitcoin mining companies are now increasingly experimenting with immersion cooling, a form of cooling that allows them to get more hashpower out of existing miners. According to industry insiders, this cooling alternative will become mainstream in the future, as leading companies are already taking advantage and retrofitting these cooling devices
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Compass Mining Launches Resale Market for Bitcoin Mining Equipment
“When Compass Mining started, we knew we wanted miners to have control over the entire process and Compass Marketplace gives our users the autonomy to resell bitcoin mining equipment when they want, and for how much they want,” Compass CEO Whit Gibbs said in a statement on Tuesday. Source
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Bitmain Will Not Ship Crypto Mining Equipment to China – Mining Bitcoin News
Mining hardware manufacturer Bitmain will no longer ship its products to mainland China. The move is in response to local regulations, the company explained. The announcement follows a prolonged crackdown on crypto mining operations in the country and a recently reiterated wide ban on activities related to cryptocurrencies. Bitmain Stops
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Bitfarms Bitcoin Production Increases on New Mining Equipment — CoinDesk
“With scheduled monthly deliveries totaling 55,000 miners over the next 15 months and new high-power production facilities coming online, we are regularly increasing our hashrate towards our goals of 3 exahash per second (EH/s) in first quarter 2022 and 8 EH/s by year end 2022,” CEO Emiliano Grodzki said in
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Why Smart Hashes Choose ASIC Equipment for Cryptocurrency Mining and How It Helps in Mining Efficiency?
Cloud mining is gaining momentum every day. The more cloud mining companies update their equipment, the more effectively the company continues to operate. Very often there is a hunt for the latest processors or video cards for mining, since their number on the market is limited. Smart Hashes is a cloud
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