Tag: Mining

Russia’s largest power grid operator Rosseti to support Bitcoin mining

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Rosseti, the largest state-backed power grid operator in Russia, plans to support Bitcoin mining by utilizing some of its underloaded power centers. According to Russia’s state news agency TASS, Rosseti views the initiative as an opportunity to maximize unused energy capacity while driving additional revenue streams. A translated statement cited in the report states: “The Rosseti Group is the largest grid company in Russia and can act as an operator coordinating the placement of mining infrastructure.” The state-backed energy provider said it was equipped with advanced infrastructure capable of monitoring…

Latam Insights: Petrobras Eyes Bitcoin Mining, Brazil Probes Sam Altman’s World

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Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition of Latam Insights, Petrobras starts researching bitcoin mining, Brazil probes World, and Berkshire Hathaway increases Nubank’s holdings. Brazilian Oil Giant Petrobras Starts Looking Into Bitcoin Mining Bitcoin mining is starting […] Original

Brazilian Oil Giant Petrobras Starts Looking Into Bitcoin Mining

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Petrobras is interested in bitcoin mining as a complementary activity. Marcelo Curi, a blockchain and crypto architect at Petrobras, has stated that the company is researching this and other Web3 applications to reduce carbon emissions. Brazilian State-Owned Company Petrobras Researches Bitcoin Mining Integration Bitcoin mining is starting to be considered by large oil companies in […] Original

Singapore-based BitFuFu plans Oklahoma Bitcoin mining acquisition to expand in North America

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Bitmain-backed crypto mining firm BitFuFu has announced plans to expand into North America with the acquisition of a 51-MW Bitcoin mining facility in Oklahoma. Bitcoin (BTC) mining firm BitFuFu has announced plans to buy a majority stake in a mining facility in Oklahoma in a bid to expand its North American operations. In a Jan. 16 press release, the firm said it had signed a letter of intent for the deal, which could close in the first half of 2025. The facility, located in an unpopulated area, has 51 megawatts…

Tether sues Swan Bitcoin over Bitcoin mining venture dispute

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Stablecoin issuer Tether has filed a lawsuit against Swan Bitcoin in the High Court of England and Wales. The lawsuit alleges breaches of contract related to their joint Bitcoin (BTC) mining venture, 2040 Energy. Tether, alongside its co-claimant 2040 Energy Limited, claims Swan’s actions have violated their agreements, prompting legal action to protect their investment. According to a report by Blockspace, Tether asserted that it has fulfilled its obligations while accusing Swan of misconduct. Swan, acknowledging the lawsuit, declined to provide detailed comments but pledged to “vigorously defend” its position.…

Bitcoin mining showed strong growth in 2024 despite halving: report

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Bitcoin mining reached significant milestones in 2024, according to the latest industry update from H.C. Wainwright analysts Mike Colonnese and Dylan Scales. Bitcoin (BTC) surged 121% year-over-year, closing the year at $93,390 and outpacing all other asset classes. Key drivers behind the rally included the launch of U.S. spot Bitcoin ETFs, accelerating institutional adoption, and the re-election of pro-Bitcoin President Donald Trump, according to an analyst note shared with crypto.news. The Bitcoin network’s hash rate hit 796 EH/s by year-end, marking a 59% increase from 2023. This growth was primarily…

Gryphon Digital acquires $18.7m site in Canada, inks new Bitcoin mining deal

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Gryphon Digital Mining received a 850-acre industrial site powered by natural gas in Southern Alberta, Canada from a signed agreement with Captus Energy for $18.7 million. According to Gryphon Digital’s press release, the Bitcoin (BTC) mining firm plans to use the recently acquired asset to further expand on its AI and high-performance computing data center infrastructure. Gryphon’s deal with Captus is expected to close before or some time in April 2025. Based on the agreement, Gryphon Digital will pay Captus $27 million CAD or equal to $18.7 million, which already…

Start a Bitcoin mining machine using Dogecoin and earn $6,850 a day

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. CrytocoinMiner offers a simple, profitable cloud mining solution powered by renewable energy for easy passive income. As times have changed, so have people’s attitudes towards energy. They rely on renewable energy sources such as solar and wind to power their new energy cloud mining operations, which greatly reduces the cost of mining and integrates power from surplus energy into the grid. It not only saves a lot of energy…