Tag: Mining

Bluebird Mining secures Bitcoin funding as Philippine gold deal nears completion

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Bluebird Mining is accelerating its pivot to digital assets with a £2 million funding facility to buy Bitcoin, timed just as it finalizes a gold profit-sharing agreement in the Philippines. On June 25, Bluebird Mining Ventures Ltd, a London-listed gold miner, has secured a £2 million funding facility, with £1 million available immediately, to begin implementing its Bitcoin Treasury strategy. The facility is structured as a zero-interest loan, maturing on 31 Dec. 2026, with the option for the lender to convert the debt into Bluebird shares at 2 pence per…

Norwegian mining firm Green Minerals plans to raise $1.2b to establish Bitcoin Treasury

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Norwegian firm Green Minerals announced its ambitious target of raising $1.2 billion with the help of its corporate partners. The goal behind the capital raise is to establish a Bitcoin treasury. According to a recently published press release, the Norwegian mining firm has decided to adopt a Bitcoin (BTC) treasury strategy in addition to its overall blockchain strategy. The company aims to raise enough funds to establish its own Bitcoin strategy with the help of its corporate partners. According to the release, the company has set its target at $1.2…

The BEST Miner for Mining BITCOIN at Home in 2025 | Canaan Avalon Q

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Norway bans new power-intensive crypto mining to conserve electricity

Norway will temporarily ban the launch of new crypto mining data centers in an effort to reduce energy usage. Norway is cracking down on energy-intensive crypto mining operations. On Friday, June 20, the Norwegian government announced a temporary ban on new data centers that mine crypto. The ban, which will take effect in August, is intended to curb the significant energy consumption associated with mining activities. “The Labour Party government has a clear intention to limit the mining of cryptocurrency in Norway as much as possible,” Minister for Digitalization and…

Bitcoin Mining App Withdraw (45,000 Sats) #bitcoin #mining #withdraw

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Norway’s Government Is Exploring A Crypto Mining Ban

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The government of Norway is considering a temporary ban on crypto mining in the country in an effort to “free up power, network capacity and area for other purposes.” In a Friday notice, the Norwegian government said it would be conducting an investigation in autumn that could result in a temporary ban on crypto mining data centers. Officials said they had the authority to enforce such a ban under Norway’s Planning and Building Act, which includes provisions on allocating energy. “It is uncertain how big a problem crypto mining will…

From Subsidies to Shutdowns: Norway Moves to Restrict Bitcoin Mining

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The Norwegian government has announced plans for a temporary ban on new data centers engaged in power-intensive cryptocurrency mining, in an effort to conserve electricity for other industries. Crypto Mining Generates Little for Local Community Norway’s government announced June 20 its intention to implement a temporary ban on the establishment of new data centers engaged […] Original

Norway to Temporarily Ban Bitcoin Mining: Report

Key Notes Norway will temporarily ban the establishment of new data centres that mine cryptocurrency. The authorities think this operation does not generate jobs or contribute to income for the local community. Cambridge reports that half of Bitcoin mining is powered by low-carbon or renewable energy sources. . Norway is considering a temporary ban on Bitcoin BTC $105 550 24h volatility: 1.0% Market cap: $2.10 T Vol. 24h: $23.08 B mining operations in its region. The authorities are concerned about the massive use of electricity and its impact on…