Tag: Mining

Korea to lift corporate crypto ban, beware crypto mining HDs: Asia Express

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Seagate Chia-gate An investigation by German news outlet Heise has revealed a growing number of complaints from customers claiming their brand-new Seagate hard drives are actually used. The outlet suspects these drives may have been recycled from Chia mining farms in China and resold as new. Seagate reportedly told Heise that these used drives are being resold through unofficial markets, not by its authorized distributors. Chia mining gear from Chinese farms reenters the market as new Seagate products. (Benjamin Lehman) Chia farming, introduced by the Chia Network in 2021, was…

US border patrol continues to seize Bitcoin mining equipment: report

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U.S. Customs and Border Protection is continuing its seizure of Bitcoin mining equipment at U.S. ports. The ASIC miners are reportedly being detained at U.S. ports of entry at the request of the Federal Communications Commission. According to documents reviewed by Blockspace and sources familiar with the matter, the agency has expanded its detainment efforts to include MicroBT and Canaan units. The latest seizures escalate CBP’s previous actions against Antminer S21 and T21 units, which were reportedly detained due to AI chips from trade-restricted supplier Sophgo. Now, the agency is…

Illegal Bitcoin mining operation explodes in Malaysia

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An illegal Bitcoin mining operation was discovered in a house in Malaysia, adding to the toll on the country’s power grid and contributing to the trend in electricity theft driven by illicit crypto mining activities. On Feb. 13, an explosion and smoke at a house in Kuala Lumpur led authorities to uncover an illegal bitcoin mining operation, as reported by Malay Mail. Firefighters responded to the scene after a local resident reported the incident. Upon investigation, they found a room with modified electrical wiring that had caused a fire. Once…

Bitdeer Buys 101 MW Gas Power Plant in Alberta, Canada for Bitcoin Mining

Bitcoin (BTC) mining company Bitdeer announced today that it had acquired a 101-MW gas-fired power plant near Fox Creek, Alberta, to build a “vertically integrated” BTC mining operation. “We are really excited about planting roots in Alberta, our first site in Canada. This acquisition is the culmination of extensive collaboration with multiple government agencies and the Canadian Blockchain Consortium,” Haris Basit, chief strategy officer at Bitdeer, said in a press release. “It marks a significant step in our strategy to become the first fully-vertically integrated Bitcoin miner, giving us unmatched…

Bitcoin Mining Revenue Holds Steady at December Levels Minus $40 Million

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Data gathered from the first month of 2025 reveals that bitcoin mining revenue reached $1.4 billion for January, trailing last month’s figures by about $40 million. First Month of 2025—Bitcoin Mining Revenue Mirrors December’s Figures Statistics reveal that bitcoin miners secured about $40 million less than in December, marking the second most profitable month in […] Original

Arkansas Senate Rejects Bill Restricting Bitcoin Mining Near Military Sites

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The Arkansas Senate has rejected Senate Bill 60, which sought to prohibit digital asset mining businesses from operating within 30 miles of military facilities. Arkansas Legislature Rejects Digital Asset Mining Restriction The bill, introduced by Senator Hill and Representative Evans, aimed to amend the Arkansas Data Centers Act of 2023. It proposed restrictions on bitcoin […] Original

First-Ever Bitcoin Mining ETF Is Live – Will Meme Coins Like Best Wallet Soar?

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Grayscale, a popular crypto asset manager, launched a new ETF that offers exposure to Bitcoin mining, known as Grayscale Bitcoin Miners ETF (MNRS). This is the world’s first such ETF. It offers an alternative to investors who are looking for alternatives to direct investments in BTC. This ETF will invest in companies from the Indxx Bitcoin Miners Index. This index tracks the performance of companies that earn a major chunk of their revenue from Bitcoin mining activities. However, MNRS will make no investments through derivatives. Grayscale said that Bitcoin Miners…

North Dakota introduces bill to uphold Bitcoin mining rights

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Satoshi Action Fund CEO Dennis Porter revealed North Dakota has introduced a bill that will protect the rights of Bitcoin miners and holders. In a recent post on Jan. 31, Porter said that North Dakota Representative Nathan Toman has introduced a bill to protect the rights of Bitcoin (BTC) users. “I can confirm that a bill to protect the rights of Bitcoiners has been introduced in the state of North Dakota by Rep. Toman,” wrote the Satoshi Act Fund co-founder and CEO. According to Porter, the bill is set to…