Wednesday, April 21, 2021
Home > Mining

Crypto mining will be a bridge to 100% renewable energy production, says Mike Colyer

Mike Colyer, CEO of Foundry Digital, a crypto mining subsidiary of Digital Currency Group, says that mining Bitcoin could eventually help the world transition to green energy. Speaking at the Crypto Mining Forum online event today, Colyer said he believes that as major energy companies see the economic benefits of mining

Read More

Fracking Companies Pivot to Mining Bitcoin as Pandemic Woes Continue to Bite

Bitcoin is often slammed over its high electricity consumption. Critics argue this is wasteful and unsustainable in the long term. However, in an unusual twist to the environmental debate, it turns out that fracking companies are utilizing waste gas to power Bitcoin mining rigs. Bitcoin Mops up Waste Gas The shale industry

Read More

Adam Back unveils Blockstream’s new Bitcoin mining security token

Canadian-based Blockchain tech company Blockstream announced the launch of a security token backed by the company's mining production on March 29. It offers an alternative to investing in Bitcoin mining stocks, with the company providing non-US qualified investors exposure to Bitcoin mining through the Blockstream Mining Note security token. BMN

Read More

Galaxy Digital Leverages Blockstream Facilities for Bitcoin Mining Operations

Despite the partnership announcement, Galaxy Digital Mining did not provide specific details on the number of machines deployed for the first installation.Diversified financial services and investment management company in the digital asset sector Galaxy Digital (TSX: GLXY) said it is now hosting its newly-launched Bitcoin mining operations at Blockstream facilities.

Read More

China’s Inner Mongolia to shut down crypto mining farms by April 2021

Authorities of the Chinese autonomous region of Inner Mongolia have proposed to close down all local cryptocurrency mining facilities to reduce energy consumption in the region.The Inner Mongolia National Development and Reform Commission, or NDRC, released an official proposal to shut down local crypto mining operations in line with its

Read More