Mining


Finance

Argo Blockchain Slumps to Full-Year Loss on Bitcoin Price Slide

The crypto mining company is in a stronger position now, interim CEO El-Bakly said.

Argo Blockchain's Helios facility in Dickens County, Texas. (Argo Blockchain)

Finance

Sustainable Bitcoin Protocol Piloting a Waste Gas Methodology With Miner Crusoe Energy

Crypto miners, like Crusoe, use gas that would otherwise be wasted and minimize methane emissions.

Crusoe Energy President Cully Cavness (left) and CEO Chase Lochmiller (right) (Crusoe)

Finance

Here Are Six New Projects Looking to Mitigate Bitcoin Mining’s Energy Footprint

From technical improvement efficiencies to novel market-based solutions, a plethora of projects are trying to improve the bitcoin mining’s environmental footprint.

Bitcoin mining can soak up renewable energy that is hard to transmit or consume locally, giving a leg up to energy producers. (Yunha)

Finance

Russia Plans to Mine Crypto for Cross-Border Deals, Says Central Bank

International sanctions have been imposed on the country to exclude it from the U.S. dollar-powered global payment infrastructure.

Elvira Nabiullina, Bank of Russia chief

Finance

Bitcoin Miner Mawson to Sell Texas Sites for $8.5M to Singapore Fund Manager

The funds will go toward reducing Mawson's debt and fueling growth.

Bitcoin miners at work (Eliza Gkritsi/CoinDesk)

Tech

Intel Discontinues Bitcoin Mining Chip Series

The production of the so-called Blockscale chips was announced about a year ago.

(Slejven Djurakovic/unsplash)

Consensus Magazine

Gridless Is Extending Power to Rural Africa

Bitcoin mining has a dirty reputation for using more energy than some small countries. But African cryptominers have found a way to use their consumption to keep the lights on in rural communities. That’s why Gridless is one of CoinDesk’s Projects to Watch 2023.

(Rachel Sun/CoinDesk)

Policy

NovaWulf Plans to Tokenize Equity of Celsius’ New Firm With $2B Assets, After Takeover

Celsius Network contacted 130 interested parties and signed confidentiality agreements with 40, before choosing NovaWulf.

Alex Mashinsky, founder and CEO of Celsius Network, at Consensus 2019 in New York (CoinDesk)

Policy

Sweden Drives Final Nail Into Its Bitcoin Mining Industry With Tax Hike

The 6,000% increase in taxes per kilowatt hour of energy may "ultimately destroy the industry" in the country.

A 30MW mining facility (Sandali Handagama/CoinDesk)

Finance

CleanSpark Buys $144.9M of Bitcoin Mining Rigs to Double Its Hashrate

The brand new Bitmain Antminer S19 XPs miners will be delivered by September.

CleanSpark's bitcoin mining facility in College Park, Georgia. (Eliza Gkritsi/CoinDesk)