mining hardware

Masked Men Rob Large Crypto Mining Farm Near Moscow

July 21, 2022 Bitcoin.com

bitcoin.com

Armed robbers have plundered a large crypto mining facility not far from the Russian capital, local media reported. The unidentified perpetrators stole dozens of video cards in the latest incident involving theft of coin minting hardware, which has been on the rise in Russia. Unknown Attackers Steal Mining Equipment From Crypto Farm in Russia A […]

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Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims

February 24, 2022 Bitcoin.com

$POWER

Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and upcoming tax hikes that are turning miners away from the Central Asian nation. Bitcoin Miners Start Pulling Machines Out of Kazakhstan Companies, legally operating mining […]

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Bitfarms Buys the Dip: 1,000 Bitcoin Added to Treasury as BTC Falls While Mining Hardware Prices Remain High

January 10, 2022 Bitcoin.com

bitcoin balance sheet

Global bitcoin mining company Bitfarms has bought the dip and added 1,000 bitcoins to its balance sheet while the prices of mining hardware remain high. The company’s corporate treasury now holds more than 4,300 bitcoins. Mining Company Buys the Dip Bitfarms Ltd. has taken advantage of the falling price of bitcoin. The publicly traded bitcoin […]

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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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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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Bitmain Will Not Ship Crypto Mining Equipment to China

October 11, 2021 Bitcoin.com

Antminer

Mining hardware manufacturer Bitmain will no longer ship its products to mainland China. The move is in response to local regulations, the company explained. The announcement follows a prolonged crackdown on crypto mining operations in the country and a recently reiterated wide ban on activities related to cryptocurrencies. Bitmain Stops Mining Rig Deliveries to Mainland […]

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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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Demand for Crypto Mining Rigs in Vietnam Rises With Bitcoin Prices, Report Reveals

September 7, 2021 Bitcoin.com

AMD

Higher cryptocurrency prices recently have restored interest in digital coin minting in Vietnam. Crypto mining is once again seen as an investment opportunity with other options being limited by the ongoing coronavirus pandemic that has been affecting the Asian country. Vietnam’s Sales and Prices of Crypto Mining Rigs Spike in September Demand for crypto mining […]

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Mining Hardware Thief Gets 3-Year Sentence in Russia

August 30, 2021 Bitcoin.com

Arrested

Russian authorities have investigated a number of cases involving the theft of crypto mining equipment in the past months. A resident of Yaroslavl has just been found guilty of stealing mining hardware worth over $20,000 and sentenced to three years in prison. Russian Convicted of Stealing Mining Rigs Receives Prison Sentence A 34-year-old man from […]

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Bitmain to Host Miners in 180-Megawatt Data Center in Kazakhstan

July 24, 2021 Bitcoin.com

Antminer S19 Pro

Crypto mining hardware manufacturer Bitmain has partnered with Enegix to host Antminer S19 Pro devices in one of the world’s largest data centers. The facility located in Kazakhstan is designed to accommodate more than 50,000 mining rigs. Bitmain to Work With Mining Facility Operator Enegix Leading mining equipment producer Bitmain has announced a partnership with […]

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