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Hardware Worth $1.9 Million Stolen in Russia’s Crypto Mining Capital

Hardware Worth .9 Million Stolen in Russia’s Crypto Mining CapitalRussian law enforcement is looking into the alleged theft of mining hardware valued at around $1.9 million. The powerful computing equipment disappeared from a crypto mining hotel in Irkutsk, the owners of which have been accused of large scale fraud. 100 Russians Lose Mining Machines Worth 100 Million Rubles Police in the Russian Irkutsk Oblast […]

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Despite Criminalizing Mining, Abkhazia Uncovers Another Crypto Farm

Despite Criminalizing Mining, Abkhazia Uncovers Another Crypto FarmEven after introducing fines and criminal liability for cryptocurrency mining, Abkhazia continues to find underground facilities for digital currency extraction. This week, law enforcement officials have confiscated dozens of mining devices from an illegal crypto farm. Abkhazia Shuts Down Crypto Farm, Seizes Mining Hardware Police in Abkhazia have closed down another crypto mining installation in […]

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Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design

Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip DesignFollowing Bitmain’s product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new miners as well. Revealed during the Bitcoin 22 conference in Miami, Microbt showcased the company’s new Whatsminer M50 series, which offers hashrate speeds of up to 126 terahash per […]

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Malaysia Detains Over 600 People for Stealing Electricity to Mine Cryptocurrency

Malaysia Detains Over 600 People for Stealing Electricity to Mine CryptocurrencyIn 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 […]

Roaring Kitty hit with new lawsuit over alleged GameStop pump-and-dump scheme

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

Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization ClaimsAuthorized 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 […]

Roaring Kitty hit with new lawsuit over alleged GameStop pump-and-dump scheme

Kosovo Seizes Hundreds of Crypto Mining Machines in Crackdown

Kosovo Seizes Hundreds of Crypto Mining Machines in CrackdownPolice 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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Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, Protests

Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, ProtestsHardware 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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Demand for Mining Hardware Spikes in Russia, Prices Rise

Demand for Mining Hardware Spikes in Russia, Prices RiseThe 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 […]

Roaring Kitty hit with new lawsuit over alleged GameStop pump-and-dump scheme

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

Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report RevealsChina’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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Iran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining Rigs

Iran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining RigsAuthorities 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 […]

Roaring Kitty hit with new lawsuit over alleged GameStop pump-and-dump scheme