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BIT Raises $50 Million To Help Bitcoin Mining Expansion Out Of China

Namcios -
BIT Mining announced a raise of around $50 million for the company to expand and move its operations out of China.
MARKETS

Bitcoin Has Been Profitable For 96% Of Its Life

Dion Guillaume -
Bitcoin has been lower than the approximate current price of $34,000 for a whopping 96% of its life.
MARKETS

Cycling On-Chain #2: Bitcoin Enters Geopolitics

Dilution Proof -
China cracks down against Bitcoin while El Salvador adopts it as legal tender; who’s making the right move?
BUSINESS

How China’s Bans Are Changing The Bitcoin Mining Landscape

Colin Harper -
Increased regulatory scrutiny from China is changing the bitcoin mining landscape. But where will hash rate go?
BUSINESS

Chinese Crackdown: Bitmain Stops Rig Sales, Exodus Ensues, Hash Rate Declines

Namcios -
China's bitcoin mining crackdown has led to Bitmain halting mining rig sales, exodus of miners and decline in the hash rate.
BUSINESS

Canaan To Begin Mining Bitcoin Itself, Setting Up Operations In Kazakhstan

Namcios -
Leading bitcoin mining rig manufacturer Canaan will start mining BTC itself and is setting up new operations in Kazakhstan.
BUSINESS

Barred From China, BIT Mining Has Started Moving Bitcoin Mining Operations To Kazakhstan

Namcios -
Following power cuts to its bitcoin mining operations in China, BIT Mining is moving rigs to Kazakhstan.
BUSINESS

People’s Bank Of China Intensifies Bitcoin Ban With Financial Institution Meeting

Namcios -
The People’s Bank of China summoned financial institutions to reinforce that no Chinese citizen can make bitcoin transactions.
BUSINESS

Miami Mayor Wants To Entice Chinese Bitcoin Miners To Set Up Shop In Florida

Namcios -
Miami Mayor Francis Suarez said his city could offer cheap, nuclear energy to Chinese miners who face harsh regulation.
BUSINESS

Local Reports Indicate Bitcoin Miners In Sichuan Have Been Ordered To Shut Down

Namcios -
Officials in Sichuan, a major bitcoin mining hub in China, have reportedly issued a shutdown order for bitcoin mining operations there.
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