Tag: Mining

Make bitcoin mining stocks great again? Trump calls for US mining dominance

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Donald Trump announced on Tuesday that he wants all remaining bitcoin (BTC) mined in the United States, citing the country’s potential to dominate the energy sector. In a late-night post on Truth Social, the Republican presidential candidate expressed the sentiment that Bitcoin mining may be the country’s last line of defense against a Central Bank Digital Currency (CBDC.) Due to these comments, Bitcoin mining stocks had a great day in the markets on Wednesday. TeraWulf (WULF) jumped by nearly 20% at one point and settled into 10% intraday gains. Hut…

Russian Bitcoin mining supplier to spend over $130m on AI data centers: report

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Russia’s crypto mining equipment supplier Intelion is reportedly considering an investment of over $130 million to develop AI data centers. Moscow-headquartered crypto mining supplier Intelion is planning to spend up to 12 billion Russian rubles (over $130 million) on purchasing server equipment to build artificial intelligence (AI) data centers, Russian media RBC reports, citing Intelion Cloud head Maxim Vyaznikov. As per the report, Intelion, which also operates a branch in Dubai, already possesses servers equipped with Nvidia’s A100 chips, despite a 2022 U.S. Department of Commerce ban on the sale…

Bitcoin mining attracts ‘various types of criminal actors,’ Europol says

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European law enforcement agency Europol slammed crypto mining as well as layer-2 solutions, saying they cause “additional problems for law enforcement investigations.” European law enforcement agency Europol has criticized crypto mining and layer-2 blockchain solutions, asserting that they pose “additional problems for law enforcement investigations.” In a recent 40-page report on cryptographic encryption, the Hague-based agency highlighted how crypto mining has become an attractive method for criminals to launder illicit proceeds. Criminal actors can use mining operations to obscure illicit earnings, in some cases even generating further profits for criminals,…

Russia Set to Recognize Bitcoin Mining as Economic Activity

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According to Osman Kabaloev, the Deputy Director of the Financial Policy Department at Russia’s Ministry of Finance, the recognition of Bitcoin mining as an official economic activity is set to happen soon. Following the approval of a law regulating cryptocurrency mining, this activity would be assigned an OKVED code, which classifies company activities for licensing […] Original

Paraguayan Minister Unveils Future Economic Strategy Centered on Bitcoin Mining for Industrial Transition

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Javier Gimenez, from the Paraguayan Ministry of Industry and Commerce, revealed that the government plans to take advantage of the energy sold to legal bitcoin mining operations. Gimenez stated that selling Paraguay’s energy to bitcoin mining companies is part of the government’s strategy, which seeks to rebuild its industry in three years as part of […] Original

Trump Campaign Crypto Aide Announces Presidential Roundtable on Domestic Bitcoin Mining

David Bailey, CEO of Bitcoin Magazine and Trump campaign cryptocurrency aide, has announced that Former President Donald Trump will participate in a Presidential Roundtable on domestic bitcoin mining as part of its new cryptocurrency-friendly policy. He revealed that big miners from the U.S. would be present at the event without disclosing the list of assistants. […] Source CryptoX Portal

Bitcoin (BTC) Mining Stocks Like Core Scientific and TeraWulf (WULF) Soar Amid M&A Frenzy

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Exploring 2024’s best performing Bitcoin cloud mining platforms

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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. The top Bitcoin cloud mining platforms in 2024 offer passive and efficient solutions for cryptocurrency mining. 2024 will see the continued popularity of cloud mining as a way for people to mine cryptocurrencies passively without the need for costly gear or specialized knowledge. As the market develops, few platforms stand out as the leaders in offering dependable and lucrative cloud mining services. Here, we list the seven leading Bitcoin…