Tag: Mining

Congo auditor says $400 million went missing from state mining company By Reuters

© Reuters. By Stanis Bujakera and Aaron Ross KINSHASA (Reuters) - More than $400 million in tax advances and loans that Democratic Republic of Congo's state mining company Gecamines said it paid to...

China Can’t Seem to Stop Bitcoin Mining

In theory, miners turn off their machines whenever bitcoin prices drop significantly, and it becomes unprofitable to keep them running. This time, even though hashprice has decreased, we haven’t seen this sort of...

Argentinian town to invest in crypto mining to fight inflation and upgrade infrastructure

The town of Serodino in Argentina’s Santa Fe Province could begin to mine crypto in a bid to raise the money needed for its rail infrastructure upgrade. Its mayor doesn’t see any risk...

Northern Data’s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets – Mining Bitcoin News

On April 4, the bitcoin mining operation Northern Data published its financial statements and noted that the company’s mining fleet had grown by approximately 21,000 machines by the end of March 2022. The...

Why Bitcoin Mining Is a Matter of National Security

Unless an entire population decides to stay away from bitcoin, each jurisdiction is incentivized to gain a stake in global hashrate, just as domestic miners vie for local hash power. On Russia’s end,...

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