US budget proposes 30% excise tax on crypto miners’ electricity usage
Under the proposal, crypto miners will be mandated to estimate the electricity costs generated by any “electricity generating plant.”
Tag crypto mining
Riot’s Annual Report Displays a $500 Million Net Loss; Delayed 10-K Financial Report Filing
Riot Platform inc., one of North America's largest bitcoin (BTC) mining companies, released its 2022 annual financial report indicating a net loss of $509.6 million.
Russia Launches a Mutual Fund to Finance Crypto Mining
The operating guidelines for a new closed-end mutual fund that will profit from bitcoin mining will be registered by Finam Management.
New York PSC sued by environmental group upon approval of crypto mining facility
According to the plaintiffs, the permission is against the 2019 New York climate law. The Canadian cryptocurrency mining company Digihost purchased the facility.
Policymakers in Russia postpone debating crypto mining bill
By January, Russia may have passed a bill legalising cryptocurrency mining and the sale of mined cryptocurrency.
British Columbia puts a halt to crypto-mining electrical connections
In British Columbia, new power demands from cryptocurrency mining companies will momentarily be suspended
Bitcoin miner Core Scientific to file for Chapter 11 bankruptcy
Core Scientific has filed for Chapter 11 bankruptcy in Texas as a result of declining sales and BTC pricing
Shares Of Struggling Crypto Miner Argo Blockchain Suspended In U.K. & U.S
Argo stated that if it doesn't get any financing, it would become cash flow negative soon and would need to stop operations.
Kazakhstan places new limitations on crypto exchanges and miners
The Majilis approved four bills relating to the oversight of digital mining in Kazakhstan, in addition to the bill "On Digital Assets of the Republic of Kazakhstan."
Kentucky will review contracts providing miners with cheaper electricity
The Kentucky Public Service Commission is looking into two proposed contracts that would have given cryptocurrency miners cheaper power.
