Etiket: Bitcoin Mining

Galaxy will buy Argo's Helios facility for $65 million and provide $35 million loan to help the miner amid restructuring.

Computing power on the Bitcoin network dropped about 40% over the weekend.

Miners moved to northern Norway and Sweden to avoid high energy costs. Now, power prices are surging there, too.

The publicly traded miner filed for Chapter 11 at Southern District of Texas bankruptcy court.

Kazakhstan, one of the world’s largest bitcoin mining hubs, is working on new legislation for the industry.

Investment bank B Riley said most of the struggling miner's issues are "self-imposed and can be corrected."

The industry’s potential in the region was touted at a conference in Cancun, Mexico, last month, but a crypto mining-friedly bill in Paraguay was shot down last week.

The utility behind the Fukushima nuclear reactor is trying out crypto mining.

Shenif Visram spent almost 12 years at IBM, including spells as CFO and COO of global business services for the computing giant's Canadian arm.

The London-based company warned, however, that there's no reassurance it will be able to do so.

The Maryland-based mining company also said it has restructured a previous agreement with Bitmain to add 8,200 new machines to its fleet.