Paraguay Proposes Harsh Penalties for Illegal Bitcoin Mining
1 Mins read
The Paraguayan government is urging lawmakers to pass a bill that would impose up to 10 years in jail for illegal bitcoin…
Latam Insights: El Salvador Embraces Geothermal Bitcoin Mining, Bitfarms Expands Its Capacity in Paraguay
1 Mins read
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue:…
This is How Much Bitcoin (BTC) El Salvador Has Mined Using Volcanic Energy: Report
2 Mins read
Since 2021 when El Salvador began validating Bitcoin blocks with volcanic energy, the Central American country has mined 474 BTC worth approximately…
Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to $39.4 Million
1 Mins read
In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same…
Crypto Mining Surge and Erratic Weather Strain Laos’ Power Grid
1 Mins read
A report released on May 16 highlights how increased electricity consumption due to crypto mining and inconsistent rainfall have led to power…
Bitfarms Terminates CEO Geoffrey Morphy, Faces $27 Million Lawsuit
1 Mins read
Bitfarms Ltd., a global bitcoin mining company, has announced the immediate termination of Geoffrey Morphy as president and CEO, along with his…
Bitcoin (BTC) Miners Facing Capitulation as Hashrate Declines Post-Halving
2 Mins read
Nearly a month after the fourth Bitcoin halving took place, the first signs of miners’ revenues decreasing are slowly emerging with one…
Biden Bans Chinese-Controlled Crypto Mining Near US Military Base
2 Mins read
United States President Joe Biden has shut down a Chinese-based cryptocurrency mining firm and banned it from acquiring land close to a…
Bitcoin Miner Bitfarms Enhances Paraguay Facility With New 100 MW Hydropower Deal
1 Mins read
On Tuesday, bitcoin mining company Bitfarms, listed on the Nasdaq and Toronto Stock Exchange (TSX), announced it has secured an additional 100…
Bitcoin Miner Marathon Digital Misses Revenue Expectations Due to Production Setbacks
2 Mins read
Marathon Digital, a Bitcoin mining company, fell short of revenue expectations set by Wall Street analysts in the first quarter 2024 report….