Key Takeaways Leading Bitcoin Mining Company, Riot Platforms, released its Q1 2024 results on May 1st, showcasing a financially mixed quarter. The company achieved a record net income of $211.8 million, marking a 1,000% increase year-over-year. The high net income…
Key Takeaways Manitoba, a Canadian province, has extended its moratorium on new requests for electrical service for cryptocurrency operations until April 30, 2026. This extension follows the initial pause imposed in November 2022 due to concerns about the strain cryptocurrency…
Key Takeaways Paraguay lawmakers have proposed a bill to temporarily ban crypto mining and related activities in the South American nation, citing concerns over illegal mining operations draining power and causing disruptions to the electricity supply. The bill, introduced by…
In the world of cryptocurrency, crypto mining is crucial for keeping networks safe and confirming transactions. While it used to be limited to desktop computers and specialized hardware, now mining has evolved greatly thanks to the rise of mobile apps.…
Key Takeaways Marathon Digital, a prominent Bitcoin miner, experienced a surge in revenues in 2023, marking a significant shift to profitability. However, the company’s stock witnessed a decline following the release of its fourth-quarter revenue report. According to FactSet data,…
Key Takeaways Riot Platforms, a major player in Bitcoin mining, revealed impressive financial performance for the fiscal year 2023. The company’s annual report for the year 2023 indicates a substantial 8% increase in total revenue compared to the previous year,…
Key Takeaways In a recent legal battle, British Columbia’s provincial power utility, B.C. Hydro, emerged victorious as a provincial supreme court judge upheld its decision to impose a moratorium on new cryptocurrency mining projects. The ruling, announced on Monday, marked…
Key Takeaways Saddam Azlan Salim, a state senator in Virginia, has presented Senate Bill 339 (SB 339), aimed at preventing state authorities from hindering citizens in engaging in various cryptocurrency and bitcoin-related activities. Introduced on January 9, the bill addresses…
Key Takeaways United States-based Bitcoin miner CleanSpark Inc. is set to significantly boost its mining capabilities, with plans to purchase up to 160,000 Bitmain S21 miners by the end of 2024, according to a recent announcement on January 8th. The…
Key Takeaways In the first 11 months of 2023, the government of Kyrgyzstan witnessed a substantial increase in tax collections from crypto miners, totaling 78.6 million soms ( $900,000). The collected revenue , ranged from 738,000 soms ($8,284) in February…
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