Crypto Mining


Policy

Malaysia Forms Air and Ground Task Force to Shutdown 14,000 BTC Mining Rigs: Bloomberg

Authorities released a report revealing 14,000 illegal bitcoin miners siphoned electricity from the national grid worth $1.1 billion since 2020.

Racks of mining machines.

Policy

British Columbia to Permanently Ban New Crypto Mining Projects From Grid

The ban is part of an effort to manage electricity demand and ensure industrial development is powered by clean electricity.

Data center servers (Taylor Vick/Unsplash)

Markets

Crypto Miner Bitdeer Surges 30% as Company Pushes Deeper Into AI and Data Center Expansion

The firm said it sees a "sustained imbalance" between demand and supply of AI computing power, and projected to generate up to $2 billion annually from AI operations.

(Bitdeer Group)

Markets

MARA Mines 705 BTC in August as Treasury Holdings Top 52,000

Company holds 52,477 BTC, advances Texas wind farm and European growth while shares face year-to-date decline.

MARA Holdings CEO Fred Thiel, at the Bitcoin conference in Miami (CoinDesk)

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Finance

Trump Family Expands Crypto Bets as Thumzup Pivots Into Dogecoin Mining

The Trump family’s crypto footprint is widening, and now dogecoin is part of the mix.

DOGE (Virginia Marinova/Unsplash)

Policy

Russia Creates Registry of Crypto Mining Equipment to Tighten Oversight

Officials say the list will help identify miners and enforce new tax and energy rules as Russia formalizes the crypto sector.

Top of the Kremlin (Artem Beliaikin/Unsplash)

Markets

The Bull Case for Galaxy Digital Is AI Data Centers Not Bitcoin Mining, Research Firm Says

Rittenhouse Research, a new firm covering fintech, AI, and crypto, is giving GLXY a strong buy rating because of its BTC mining to AI transition

Mike Novogratz, Galaxy founder and CEO, speaks at Consensus 2024

Markets

Crypto Miners Soar on OpenAI-CoreWeave Deal; Galaxy Jumps in Nasdaq Debut

Asset prices across markets largely shrugged off surging Inflation expectations, with crypto prices consolidating sideways.

OpenAI's Sam Altman, who has proposed Universal Basic Compute as a fix for automation-driven global equality. (Village Global/Flickr)

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Policy

Kuwait Cracks Down on Illegal Crypto Mining to Protect National Grid

The government is disconnecting power from mining-linked properties and conducting follow-up sweeps.

Kuwait City, Kuwait (CoinDesk Archives)

Markets

Applied Digital Tumbles 30% on Revenue Miss; Plans Selling Cloud Computing Unit

The Texas company, which pivoted from crypto mining to high-performance computing, said it will sell its cloud computing business to struggling cloud computing business.

Crypto mining machines (lmstockwork/Shutterstock)

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