MARA, one of the largest bitcoin miners in the public market, has kicked off an exciting new pilot program aimed at powering its operations with excess natural gas from U.S. shale, as noted in a report from Reuters. This initiative emerges amidst an ongoing battle for electricity between artificial intelligence (AI) data centers and bitcoin […]
Bitcoin miner Terawulf Inc. has completed the sale of its 25% stake in the Nautilus Cryptomine joint venture for approximately $ 92 million. The company said this week that it intends to use the proceeds to expand its high-performance computing (HPC) and artificial intelligence (AI) infrastructure at its Lake Mariner facility. Crypto Mining Firm …
Terraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cryptocurrency investors facing significant losses after the Terra ecosystem collapsed. Court Approves Terraform Labs Wind-Down Terraform Labs has been granted […]
Cleanspark Inc. has unveiled plans to acquire seven bitcoin mining facilities in Knoxville, Tennessee. The $ 27.5 million deal is expected to boost the company’s current mining capacity by 5 exahash per second (EH/s) by 2024, representing a 22% increase in its operational hashrate. Cleanspark to Acquire 7 Bitcoin Mining Facilities in $ …
The Federal Revenue Service, the Brazilian tax watchdog, recently revealed that it has been using an in-house tool that leverages AI to detect money laundering and tax evasion transactions involving crypto. The tool has already been proven useful in identifying over $ 180 million in funds involved in the illicit usage of cryptocurrency. Brazilian …