Mining Devices

Malaysia Detains Over 600 People for Stealing Electricity to Mine Cryptocurrency

March 30, 2022 Bitcoin.com

$POWER

In the past two years, law enforcement authorities in Malaysia have arrested hundreds of individuals for theft of electricity allegedly used to mint digital currencies. The country’s police force has also confiscated equipment worth millions of dollars. Malaysia Police Announce Results From Crackdown on Illegal Mining Since 2020, Malaysian authorities have detained a total of […]

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Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

Kosovo Seizes Hundreds of Crypto Mining Machines in Crackdown

January 9, 2022 Bitcoin.com

$POWER

Police in Kosovo seized another batch of over 200 mining devices as part of raids that started on Thursday. The offensive against underground crypto farms was launched after authorities in Pristina banned the power-hungry minting of digital currencies amid an energy crisis in the country. Authorities in Kosovo Confiscate Mining Hardware in Serb Majority North […]

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Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, Protests

January 5, 2022 Bitcoin.com

$POWER

Hardware manufacturer Canaan is expanding its crypto mining operations in Kazakhstan. The company is now cooperating with a number of mining firms there and has already deployed over 10,000 pieces of hardware despite the country’s challenges with electricity supply. Increased energy prices have also provoked protests that could potentially affect the industry. Canaan Secures Mining […]

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Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

Demand for Mining Hardware Spikes in Russia, Prices Rise

December 19, 2021 Bitcoin.com

ASICs

The market for crypto mining equipment in Russia has seen strong interest from buyers of both new and used devices, retail data indicates. This year, demand for application-specific integrated circuit (ASIC) machines has multiplied exponentially while video cards have been in short supply leading to rising prices. Crypto Miners in Russia Looking to Increase Computing […]

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Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals

November 25, 2021 Bitcoin.com

Bitcoin

China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting hardware to new bases around the world, with Russia reportedly taking the largest share among several attractive destinations, including the U.S. Russia, Kazakhstan, US Accept […]

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Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

Bitcoin Mining Company Griid Secures $525 Million Credit Facility From Blockchain.com

November 23, 2021 Bitcoin.com

$525 million

On Monday, the mining firm Griid Infrastructure announced the company has secured a $525 million credit facility from the crypto firm Blockchain.com. According to the announcement, the credit facility will be a four-year term in order to increase the company’s mining capacity. Bitcoin Mining Infrastructure Firm to Increase Capacity With Help From Blockchain.com Cryptocurrency mining, […]

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Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

Iran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining Rigs

November 10, 2021 Bitcoin.com

bitcoin.com

Authorities in Iran persist with their efforts to curb unauthorized cryptocurrency mining. The state-run power distribution company has recently identified over a dozen underground crypto farms in Tehran and other regions, unplugging hundreds of mining units illegally connected to the grid. Power Utility Busts 14 Crypto Farms in Homes Across Iran The Iranian government continues […]

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Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

Tehran Stock Exchange Head Resigns Over Mining Rigs Found at Organization’s Office

October 1, 2021 Bitcoin.com

authorization

The director of Tehran’s Stock Exchange has resigned from his post following the discovery of cryptocurrency mining rigs in his organization’s basement. The scandal has erupted as licensed crypto miners in Iran are reportedly resuming operations amid fears of new restrictions in the winter. Iran Stock Exchange CEO Loses Job for Illegal Crypto Mining Under […]

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Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

Abkhazia Seizes 6,000 Mining Devices but Fails to Disrupt Crypto Mining

September 26, 2021 Bitcoin.com

Abkhaz

Authorities in Abkhazia have confiscated thousands of mining machines, closing down all large crypto farms, yet they have admittedly failed to put an end to illegal mining operations. The breakaway republic of Georgia has been struggling with power shortages blamed on underground miners. 30,000 Rigs Remain in the Hands of Miners, Government Says In recent […]

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Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst

Iran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300

September 11, 2021 Bitcoin.com

$POWER

Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. The country’s power utility company has so far closed down more than 5,300 illegal mining facilities, seizing an enormous amount of coin-minting machines. Power Utility Confiscates More Than 216,000 Mining Units From Unlicensed Miners in Iran Preventing blackouts remains […]

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Major institutions invest in BlackRock’s Bitcoin ETF: Bloomberg analyst