Tag: Mining

Arkansas city rejects crypto mining proposal after community pushback

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The planning commission of Vilonia, Arkansas, unanimously rejected a proposal to establish a cryptocurrency mining facility within the city limits, following strong opposition from residents. According to local reports, the decision came after weeks of community pushback, where citizens voiced concerns over potential noise pollution, increased energy consumption and the overall environmental impact associated with crypto-mining operations. During public meetings, Vilonia residents expressed concern that the mining operation could disrupt the town’s quiet atmosphere and strain local infrastructure. Many pointed to examples from other regions where similar facilities led to…

Coinbase Provides $100 Million Credit Facility to Bitcoin Mining Company Riot Platforms

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Riot Platforms, Inc. (NASDAQ: RIOT) has announced a $100 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN). This multiple drawdown term loan facility will be available to Riot over a two-month period following the execution date. The company plans to utilize the proceeds for key strategic initiatives and […] Original

Kuwait Warns Against Illegal Cryptocurrency Mining

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Kuwait’s Ministry of Interior has declared cryptocurrency mining illegal, citing violations of multiple laws and its strain on the country’s electrical infrastructure. Crypto Mining Kuwait’s Electricity Infrastructure The Ministry of Interior in Kuwait has issued a warning against the practice of cryptocurrency mining, declaring it an unlicensed and illegal activity that violates several existing laws. […] Source

LAPD recovers $2.7m in stolen Bitcoin mining equipment

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Two suspects tied to a South American cargo theft ring were arrested after Los Angeles police recovered over $3.9 million in stolen goods—including $2.7 million worth of Bitcoin mining computers intercepted at LAX. Detectives from the LAPD’s Cargo Theft Unit, working with the Los Angeles Port Police and other agencies, apprehended Oscar David Borrero-Manchola, 41, and Yonaiker Rafael Martinez-Ramos, 25, following an investigation into stolen cargo linked to the South American Theft Group.  The mining equipment was recovered as it was being loaded onto a plane bound for Hong Kong.…

How Some Bitcoin Mining Firms Try to Game U.S. Customs Controls

Some members of the bitcoin (BTC) mining industry are in the habit of routinely undervaluing mining rig shipments with the U.S. Customs and Border Protection (CBP) in order to reduce customs duties, multiple people familiar with the practice told CryptoX. Now that the Donald Trump administration is raising tariffs on most goods brought from around the world, these attempts at avoiding paying import charges are becoming more relevant than ever before. “[Industry members] usually have ways around [tariffs] by declaring lower value on packages,” Jill Ford, the founder of BitFord…

Hashprice Below $40? Mining Report Paints a Stark Picture for Bitcoin Miners

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Bitcoin miners face the tightest margins since 2023, warns theminermag.com’s Head of Research Wolfie Zhao, as hashprice flirts with critical break‑even territory. Trump Tariffs Add Jitters to Miners Already Hit by Rising Difficulty, Study Finds According to theminermag.com data compiled by Wolfie Zhao, hashprice temporarily fell below $40 per petahash per second in early April, […] Original

Auradine Raises $153M Series C for Bitcoin (BTC) Mining, AI Data Center Networking

Auradine, a maker of computing equipment for bitcoin (BTC) mining and AI applications, said it raised $153 million in a Series C funding round. The Silicon Valley, California-based company also formed a new business group, AuraLinks AI, focused on open-standards to address cooling requirements of next-generation AI data centers. AI data centers and BTC mining share similarities in their operational requirements. Given the proliferation of AI in mainstream use in recent years, the subject of data centers is now commonplace in public discourse. This is significant for the cryptocurrency industry…

Report: Bitdeer Eyes US Bitcoin Mining Rig Production as Industry Navigates Tariff Uncertainty

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Publicly listed bitcoin mining company Bitdeer is preparing to manufacture its mining equipment in the United States, a move shaped by U.S. President Donald Trump’s trade policies. Trump’s Tariffs Push Bitdeer Toward Self-Mining and American-Made Bitcoin Miners Facing the Trump administration’s tariffs, bitcoin mining rig producers are recalibrating their operational strategies. As reported by Bloomberg […] Original