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Chinese Lottery Firm Rebrands, Purchases Bitcoin Mining Rig Manufacturer for $100 Million
By Jamie Redman
Following the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in…
Riot Blockchain purchases 42,000 Antminers from Bitmain
By Sam Bourgi
The $138.5 million deal will add an estimated 3.7 EH/s to Riot’s existing and planned mining capacity. Riot Blockchain, a cryptocurrency mining company, has expanded its fleet and mining capacity with a new purchase order for 42,000 S19j Antminers from…
UK Bitcoin mining revenues soar but China hogs 75% of ‘blood coin’ production
By Greg Thomson
U.K.-based Argo Blockchain just did record revenues, but a new report suggests 75% of Bitcoin mining still takes place in China, where “blood coin” is made. United Kingdom-based Bitcoin (BTC) mining firm Argo Blockchain just recorded the best quarter in…
New Kind of Network (NKN) gains 340% to become ‘the biggest blockchain in the world’
NKN price rallied to a new all-time high as the number of full consensus nodes on the network surpassed 67,000. One telltale sign of a growing altcoin season is when obscure and lesser-known projects start putting on face-melting gains as…
Marathon Digital stock soars after company ramps up BTC mining in Q1
By Sam Bourgi
The company mined 196 BTC in the first quarter, bringing its total holdings to 5,143.2 BTC. Shares of Marathon Digital Holdings (MARA) surged on Monday after the cryptocurrency miner announced a significant increase in mining capacity in the first quarter,…
Bitcoin miner firm Ebang launches Ebonex crypto exchange
By Helen Partz
Cryptocurrency miner supplier Ebang has officially launched its own crypto exchange after an invite-only beta phase earlier this year. Ebang, a publicly-listed company providing mining hardware for cryptocurrencies like Bitcoin (BTC), has officially announced the launch of its own crypto…
No ‘blood coin’ for Kevin O’Leary as investor takes stand on Bitcoin energy consumption
By Greg Thomson
“Blood coin,” “clean coin” and maybe even “virgin coin” will become commonplace phrases as Bitcoin’s environmental concerns continue to rage. Shark Tank and Dragon’s Den personality Kevin O’Leary is taking a stand against what he terms “blood coin,” that being…
Hong Kong Customs seizes 300 crypto mining GPUs in anti-smuggling operation
Hong Kong Customs intercepted a large volume of pricey exotic foods, cosmetics and dedicated cryptocurrency mining GPUs in their latest successful anti-smuggling action. In the waters off Hong Kong International Authorities on April 2, Hong Kong Customs detected suspicious figures…
Microsoft Files Patent to Mine Crypto With Your Brain Waves
By Felix Mollen
So you want to start mining but don’t have enough money to buy an ASIC or the latest GPU to mine your favorite Proof-of-Work crypto? Don’t worry, soon you will be able to mine cryptocurrencies with the power of your…