Tag: mining
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ECOS Expands Global Mining Infrastructure with Launch of 60 MW Data Center in Armenia Free Economic Zone
The global cryptocurrency mining landscape has witnessed a significant shift toward jurisdictions offering regulatory stability and energy efficiency, a trend underscored by the official launch of a new 60-megawatt (MW) data center by ECOS in Armenia. This facility, situated within a specialized Free Economic Zone (FEZ), represents a cornerstone of Armenia’s strategic push to become…
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Iranian Authorities Seize Over 9000 Illegal Crypto Mining Units Amid Escalating National Power Crisis
The Iranian government has significantly intensified its crackdown on unauthorized cryptocurrency mining operations, with state law enforcement agencies detecting and dismantling 9,404 illegal mining units across the capital city of Tehran over the past five months. This surge in enforcement comes as the Islamic Republic grapples with a systemic energy crisis characterized by frequent blackouts,…
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Tether Partners With Adecoagro to Launch Renewable Energy Bitcoin Mining Initiative in Brazil and Integrate Crypto Into Corporate Balance Sheets
Tether, the company behind the world’s most widely used stablecoin, USDT, has officially entered into a strategic partnership with Adecoagro, a leading South American agribusiness and sustainable production firm, to develop a Bitcoin mining operation powered by renewable energy in Brazil. This collaboration, formalized through a Memorandum of Understanding (MoU), marks a significant milestone in…
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Post-Merge Mining Exodus Triggers Profit Collapse Across Proof-of-Work Networks as Difficulty Spikes
The long-anticipated transition of the Ethereum network from a Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS), a milestone known as "the Merge," has fundamentally altered the landscape of the global cryptocurrency mining industry. While the event marked a triumph for Ethereum’s sustainability goals, it has simultaneously triggered a financial crisis for the millions of miners…
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Montana State Senate Advances Comprehensive Digital Asset Legislation to Safeguard Mining Operations and Standardize Cryptocurrency Taxation
The Montana State Senate has officially passed a landmark piece of legislation designed to provide a robust legal framework for the cryptocurrency mining industry, signaling a significant shift in how the western state approaches the burgeoning digital asset economy. On Thursday, the regional legislative body approved Senate Bill 178 (SB 178) with a decisive 37-13…
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American Bitcoin Backed by Trump Family Prepares for Nasdaq Listing via Merger With Gryphon Digital Mining
American Bitcoin, a cryptocurrency mining powerhouse prominently backed by Eric Trump and Donald Trump Jr., has announced its intention to transition into a publicly traded entity through an all-stock merger with Gryphon Digital Mining. This strategic consolidation, which is expected to finalize in the coming months, aims to position the newly formed corporation on the…
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Foundry to Launch Institutional-Grade Zcash Mining Pool in April 2026 to Bolster Privacy-Focused Infrastructure
Foundry, the Digital Currency Group (DCG) subsidiary and operator of the world’s largest Bitcoin mining pool, has officially announced its strategic expansion into the privacy-preserving cryptocurrency sector with the planned launch of an institutional-grade Zcash (ZEC) mining pool. Scheduled for debut in April 2026, the initiative aims to bridge a significant infrastructure gap for public…
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Deutsche Telekom and Bankhaus Metzler Launch Pilot Project to Power Bitcoin Mining with Surplus Renewable Energy in Germany
Deutsche Telekom MMS, a subsidiary of the European telecommunications giant Deutsche Telekom, has entered into a strategic partnership with Bankhaus Metzler, one of Germany’s oldest and most prestigious private banks, to initiate a pilot project centered on Bitcoin mining. The collaborative effort aims to utilize surplus electricity generated from renewable energy sources to power specialized…
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Bitcoin Mining Giant Poolin Technology Files for Chapter 11 Bankruptcy Amidst $163 Million Debt and Asset Liquidation
Poolin Technology Pte. Ltd., the Singapore-based entity that once commanded a significant portion of the Bitcoin network’s mining power, has formally initiated Chapter 11 bankruptcy proceedings in the United States. The filing, submitted on July 22, 2026, to the U.S. Bankruptcy Court for the District of New Jersey, marks the culmination of a protracted liquidity…
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Russia Positions Itself as Global Mining Hub Following China’s Crypto Exodus
The Russian Association of Crypto Industry and Blockchain (RACIB) has officially launched a comprehensive strategic initiative designed to transform the Russian Federation into a premier destination for international Bitcoin mining operations. This move comes at a pivotal moment in the evolution of the global digital asset landscape, as the industry continues to reel from the…
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