Tag : Mining

Bitmain inks $18M Bitcoin mining rig sale with Riot Blockchain
26 Aug
3:02

Bitmain inks $18M Bitcoin mining rig sale with Riot Blockchain

The giant continues to give a boost to its prime product despite recent shipments issues. Major cryptocurrency mining hardware manufacturer Bitmain is making a major sale to Riot Blockchain, a Nasdaq-listed crypto mining company. According to an Aug. 24 announcement, the firms signed a $17.7 million purchase agreement for 8,000…

The Iranian government took down over a thousand crypto mining farms
26 Aug
2:56

The Iranian government took down over a thousand crypto mining farms

Iran is rewarding people who turn in crypto miners operating without a license. Whistleblowers helped Tavanir, Iran’s power company, shut down 1100 crypto mining farms that were allegedly operating without the proper licenses. Although Tavanir says that some of the miners were using “high levels” of subsidized electricity, their report…

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