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But when it comes to actually introducing legislation that would move the needle on crypto regulation, Cruz is lagging behind other senators including Debbie Stabenow (D-Mich.), John Boozman (R-Ark.), Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) – all of whom have worked on major crypto-related bills. Original Source
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Compass Mining recently sustained a lawsuit by customers who claim the company lost their crypto mining machines in a deal with Bit River.Compass Mining is currently facing a lawsuit for losing Bitcoin (BTC) mining machines procured by customers. According to reports, the aggrieved Bitcoin mining machine owners are suing Compass Mining for more
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More than 1,500 of the Intel-powered machines have already been installed across the miner's facilities in Canada and Sweden and they have met performance targets, the miner said. Hive had initially ordered 13,000 machines to be manufactured in 2022, but reduced the order "to methodically scale the business during the
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In 2021, Iranian authorities banned mining and seized related equipment to deal with power shortages. Last year, the power utility, Tavanir, also clamped down on illegal crypto mining farms as power demand climbed during the summer, according to the reports. The utility has closed 7,200 illegal crypto mining centers and
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The machines are owned owned by special purpose vehicles that aren't guaranteed by the parent company. Source
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The bitcoin miner has bought more than 26,500 mining machines and 116MW of facilities in the bear market. Original Source
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"The contract with BitFuFu was signed in late 2021 at the height of the Bitcoin market as a fixed price contract with no allowances for market price adjustments," and it was "critical" that the firm was extricated from the contract, said Patricia Trompeter, Sphere 3D's CEO, in the press release. Source
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The GMT token’s smart contract was launched in 2021 by GoMining. It is an international network of mining hotels that rents space
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"During the tail end of the bull market last year, we strategically focused on building infrastructure instead of following the then-industry trend of preordering equipment months in advance,” which has put CleanSpark in a position to buy rigs at discounts throughout the bear market, said CleanSpark CEO Zach Bradford. Source
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The facility will be CleanSpark's third in Georgia, the other two being in College Park and Norcross, both near Atlanta. The new site in Washington (pop. 4,000) – in northeastern Georgia about 110 miles from Atlanta – is currently operating 340 petahash/second (PH/s) of computing power, and CleanSpark will be
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