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Crypto Miner BIT Mining Raises $50M through Private Placement to expand its Mining Business Abroad
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Crypto Miner BIT Mining Raises $50M through Private Placement to expand its Mining Business Abroad

A Shenzhen-based cryptocurrency miner, BIT Mining, announced it will raise $50 million through private placement to expand its mining business to overseas markets abroad.

Argo Blockchain Announces 1st Quarter Financial Results
mining

Argo Blockchain Announces 1st Quarter Financial Results

Argo Blockchain has released its financial report for the first quarter of 2022. It showed total quarterly revenue of $19.52 million, up from $17.84 million in the same period last year, attributed to an increase in hash rate over the past year.

Number of Ethereum Whales on the Decline as Market Sees a Massive Correction
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Number of Ethereum Whales on the Decline as Market Sees a Massive Correction

Ethereum holders, those with at least 100 coins are on the decline.

NSAV Partners with MNC to Launch First Multi-token Blockchain Home Mining Rig HIVE
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NSAV Partners with MNC to Launch First Multi-token Blockchain Home Mining Rig HIVE

Net Savings Link, Inc., a technology services company for the digital asset industry, announced a partnership with Metaverse Network LLC to release HIVE - the first multi-token-enabled blockchain home mining device.

New Wave of Green Energy Programs Influence Crypto Mining Sector
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New Wave of Green Energy Programs Influence Crypto Mining Sector

The mass exodus of crypto mining operations out of China based on intensified crackdowns has triggered the urge for sustainable and environmentally friendly mining activities.

Riot Blockchain Mines 318 BTCs, Decreased 28% Compared Last July
mining

Riot Blockchain Mines 318 BTCs, Decreased 28% Compared Last July

Colorado-based bitcoin mining company Riot Blockchain Inc. announced that it produced 318 BTC in July, a decrease of about 28 % from 443 BTC in July last year.

UK Research Shows 66% Control of Hash Rate is Coming From China
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UK Research Shows 66% Control of Hash Rate is Coming From China

Reporting on a study developed by UK based company CoinShares, as much as 66% of global hash rates come from and are controlled by Chinese Entities.

Crypto Miner HIVE Requested for Resubmission of Form 40-F
mining

Crypto Miner HIVE Requested for Resubmission of Form 40-F

Hive Blockchain Technologies Ltd said it received a letter from Nasdaq, requesting that the company renew its annual report on Form 40-F due to delays in filing submit plans to meet exchange listing compliance.

Core Scientific seeks to sell $6.6 million in Bitmain coupons
mining

Core Scientific seeks to sell $6.6 million in Bitmain coupons

On Jan. 25, bankrupt Bitcoin mining business Core Scientific filed an emergency move to sell Bitmain coupons.

Argo Blockchain regains stock listing compliance with Nasdaq
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Argo Blockchain regains stock listing compliance with Nasdaq

Nasdaq relisted bitcoin mining company Argo. Nasdaq's listing standards demand a minimum closing bid price of $1 for 30 consecutive working days, which the firm did not meet. After Nasdaq notified ARBK about noncompliance in December, shares recovered.

China Anhui Province Becomes the Latest Region to Crack the Whip on Crypto Mining
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China Anhui Province Becomes the Latest Region to Crack the Whip on Crypto Mining

Anhui, an eastern Chinese province, has become the latest region to shut down all crypto mining activities, according to local media, citing an acute power shortage.

Hut 8 Mining Company to Merge with US Bitcoin
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Hut 8 Mining Company to Merge with US Bitcoin

Hut 8 Mining and U.S. Bitcoin will consolidate under New Hut, pending court clearance.

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