CEO of Canadian Utility That Proposed Banning New Power to Crypto Miners Exits
Hydro-Québec's CEO Sophie Brochu to leave company on April 11. Source
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Miners
Bitcoin Surges To 23k As Miners Sales Sees Multi-Year Low
Bitcoin has continued with its bullishness as it surged its price above the USD$23,000 level, a positive signal amid miners reduced the sales of their mined coins. On-chain flows flagged by Bitifinex analysts indicate that the amount of Bitcoin moved from Bitcoin mining addresses to wallets owned by cryptocurrency exchanges
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Bitcoin miners’ worst days may have passed, but a few key hurdles remain
Bitcoin’s mining industry has been relatively stable compared to the bearish price action and the tumultuous fallout of exchanges and lending companies. The network’s hashrate dipped slightly toward the end of 2022, primarily due to an unprecedented blizzard in the U.S., and has since recovered strongly to surpass its previous peak
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Bitcoin price rally provides much needed relief for BTC miners
Bitcoin mining powers network transactions and BTC price. During the 2021 bull run, some mining operations raised funds against their Bitcoin ASICs and BTC reserves. Miners also preordered ASICs at a hefty premium and some raised funds by conducting IPOs. As the crypto market turned bearish and liquidity seized within the
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Sell Pressure Mounts On Bitcoin As Miners Offload More BTC
CryptoQuant data on January 20 shows an unusually sharp spike in Bitcoin miners’ outflow, an unexpected development considering the solid performance of BTC prices in the past few trading days. Miners’ Position Index (MPI) Rising The Miners’ Position Index (MPI) is up from -0.85 registered on December 31, 2022, to +3.25 on January
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Here’s How US SEC Released Personal Information of Crypto Miners during Investigation
The SEC has reportedly violated its own privacy act while disclosing information of miners on the Green blockchain network.During their recent investigation, the United States Securities and Exchange Commission (SEC) reportedly leaked the names and email addresses of all the crypto miners connected to the blockchain firm Green.On Tuesday, January
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SEC leaked crypto miners’ personal information during investigation: Report
The United States Securities and Exchange Commission, or SEC, has reportedly leaked the names and email addresses of many crypto miners connected to blockchain firm Green.According to a Jan. 17 report from the Washington Examiner, the SEC unintentionally included 650 names and email addresses in an email communication with Green
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Bitcoin Miners Show Signs Of Dumping, Bad For Rally?
On-chain data shows Bitcoin miners could be dumping right now, a sign that could provide an impedance to the rally. Bitcoin Miners’ Position Index Has Shot Up Recently As pointed out by an analyst in a CryptoQuant post, miners may be putting selling pressure on the market currently. The relevant indicator here
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Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees – Mining Bitcoin News
Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity consumed by bitcoin farms and can be much higher than the original levy. New
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1.5M houses could be powered by the energy Texas miners returned
During the winter storm in Texas in December 2022, Bitcoin (BTC) mining operators returned up to 1,500 megawatts of energy to the distressed local grid. It became possible due to the flexibility of mining operations and the ancillary services, provided by the state authorities. In his commentary to Satoshi Action Fund,
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