The 6,000% increase in taxes per kilowatt hour of energy will likely kill any potential bitcoin mining investments in the country.
Montana ‘right to mine’ crypto bill passes the House
The legislation has already passed through Senate voting in February and will now make it to the table of Governor Greg Gianforte.
Bill limiting incentives for crypto miners passes Texas Senate, moves to House
Senate Bill 1751 will next move to the Texas House of Representatives, which is scheduled to meet and discuss legislation on April 13.
Core Scientific debtors petition bankruptcy court to approve new president
The debtors appointed Adam Sullivan, a managing director at investment banking firm XMS Capital Partners, to assume the role of president amid the firm’s bankruptcy proceedings.
CleanSpark Buys $144.9M of Bitcoin Mining Rigs to Double Its Hashrate
The brand new Bitmain Antminer S19 XPs miners will be delivered by September.
Bitcoin mining firm Bitmain reportedly fined for tax violations in China
Bitmain has reportedly failed to pay personal income taxes in accordance with China’s laws on the administration of tax collection.
Texas’ gold-backed digital currency project: Law Decoded, April 3–10
While Ted Cruz and Ron DeSantis attack the idea of American CBDC, Texan lawmakers propose to create a statewide one.
‘Don’t Mess with Texas Innovation’ — advocates criticize bill removing crypto mining incentives
Lawmakers in a Texas Senate committee moved forward on Senate Bill 1751 on April 4, paving the way for a floor vote for the legislation some have labeled as against crypto miners.
Bitcoin proponents respond to New York Times’ BTC mining report
Bitcoin proponents accused The New York Times of overstating mining companies’ emissions and omitting facts about the growing adoption of renewable energy sources for BTC mining.
Bill protecting Bitcoin mining rights passes in Arkansas Senate and House
The Arkansas Data Centers Act is moving now to the governor’s office for approval. It grants crypto miners in the State the same rights as data centers.
Sphere 3D files lawsuit against Gryphon Digital Mining after BTC transfer
An allegedly Bitcoin spoofing attack is behind the lawsuit between the companies that at one time considered merging.
US Bitcoin reaches tentative settlement to reopen Niagara Falls mining facility
After a lengthy legal tussle, the company will have to pay various fees and fines and take extensive noise control measures.
Texas Senate committee moves forward on bill removing incentives for crypto miners
Under the proposed legislation, certain crypto mining firms participating in a program to reduce the load on Texas’ energy grid would not receive an abatement on state taxes.
TON validators receive single nominator smart contract
Orbs’ single-nominator contract offers independent validation for validators, safeguards against gas attacks and enables stake recovery during emergencies.
Bitcoin hash rate spikes to 398 exahash, analysts say miners coming back online
Analysts are speculating that the Bitcoin hash rate has seen a big spike recently as miners come back online to reap the rewards of the BTC price hike.
The ‘Skull of Satoshi’ Proves Bitcoin Mining Discourse Isn’t Dead
An artist made great art and learned about Bitcoin.
Venezuela shuts down crypto mining facilities, exchanges amid corruption probe
According to Venezuela’s attorney general office, government officials were running parallel oil operations with the assistance of the national crypto department.
Bitcoin Mining Industry Is Well Positioned to Participate in a New Cycle: Bernstein
The next main catalyst for the sector is the reward halving in early 2024, the report said.
Bitcoin Mining Firm Navier Starts Tokenized Hashrate Marketplace for Retail Customers
The Navier platform will give retail users more control over their acquired hashrate, and enable them to sell it on.
Crypto mining in 2023 — Is it still worth it? Watch Market Talks
Join us as we discuss whether cryptocurrency mining is still worth it in 2023 and all the latest updates regarding the mining industry.