The Scaramucci family has put over $100 million into American Bitcoin, a mining company with ties to former President Donald Trump’s sons. This investment came through Solari Capital, a firm started by AJ Scaramucci, which led a $220 million funding round back in July. The company went public later in September through a reverse merger, but the investors were not rev...
In Iran, a staggering number of crypto miners are operating outside the law. Out of the 427, 000 active mining rigs, more than 95% are running without proper approval. This has turned Iran into a hotspot for illegal mining activities, all thanks to the country's low electricity prices. The head of the Tehran Province Electricity Distribution Company, Akbar Hasan Bek...
In Iran, a big problem is brewing. Nearly all of the country's 427, 000 crypto mining machines are running without permission. This is a huge deal because these machines are guzzling up more than 1, 400 megawatts of electricity every day. That's a lot of power! The issue is so severe that it's putting a strain on the national power grid. To make matters worse, many ...
British Columbia is making a big change. It wants to stop new crypto mining projects from using its power grid. This decision is part of a bigger plan to focus on other industries that use clean energy and create more jobs. The government thinks this will help the economy grow and meet climate goals. The plan is called the Energy Statutes Amendment Act. It means new...
Bitcoin mining is a big deal, but it's also a big energy hog. In 2025, it's expected to use about 138 TWh of electricity. That's a lot! But it's not just about the electricity. It's also about the carbon dioxide, water, e-waste, and land impacts. Governments are starting to pay attention to where Bitcoin mining happens and what kind of power it uses. Bitcoin's energ...
Laos is thinking about cutting off electricity to crypto miners by early 2026. This move aims to use the power for other industries that can boost the economy more, like AI data centers and electric vehicle production. Currently, crypto miners use about 150 megawatts, which is a lot less than the 500 megawatts they used in 2021 and 2022. The government initially all...
As Donald Trump prepares to return to the White House, cryptocurrency has become a surprising part of his journey. Since his election win, Bitcoin has soared, reaching an all-time high of $108, 135 in December 2024. This surge is partly due to Trump's pro-crypto stance during his campaign. Jamie Dimon, CEO of JPMorgan Chase, has warned about economic threats despite...
NVIDIA has unveiled the RTX 5090D, a GPU designed for the Chinese market with some unique twists. Unlike its predecessors, this version has restrictions on AI and crypto-mining tasks. After just three seconds of work, the GPU slows down or throttles performance. This means Chinese AI firms might find it less useful for high-demand tasks. Another big change is that t...
In the cold and power-rich region of Siberia, a surprising secret has been uncovered. A power company was recently caught leasing state land to an illegal crypto mining operation. The land was meant for public utilities, but it ended up hosting a hidden crypto mine. The power provider was fined over 330, 000 rubles (around $3, 000) for this mishap. Siberia has becom...
Right before the new year, Russia decided to hit pause on crypto mining in certain regions. For the next six years, starting January 1, 2024, ten different regions won't have any crypto mining going on. The main issue? Energy usage. Just like how crypto mining taps into quite a bit of energy in the US, Russia is taking steps to manage their resources better. This mov...