China Fines Bitmain $3.6 Million for Tax Violations, Report
Chinese authorities have fined main crypto mining {hardware} producer Bitmain for tax-related violations, native media reported. The penalty comes amid growing tax checks within the...
Iran Returns Seized Crypto Mining Equipment to Miners
A authorities physique liable for state property in Iran has launched a few of the {hardware} seized from unlawful crypto mining farms. Its prime govt...
Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of Hardware
Russia’s marketplace for specialised crypto mining gear has been seeing excessive demand over the previous couple of months, with consumers attracted by the low worth...
Russian Arrested for Defrauding Buyers of Mining Hardware Worth Over $300,000
Police within the southern Russian metropolis of Astrakhan have detained a person accused of defrauding individuals who needed to buy crypto miners. Law enforcement officers...
Russian Caught Mining Crypto in Covid-19 Clinic
An IT specialist working for a medical establishment in Russia’s Altai Republic has been detained for illegally mining cryptocurrency on the premises of a Covid-19...
Masked Men Rob Large Crypto Mining Farm Near Moscow
Armed robbers have plundered a big crypto mining facility not removed from the Russian capital, native media reported. The unidentified perpetrators stole dozens of video...
Report: Compass to Sell $30 Million in Crypto Mining Equipment Located in Russia
The U.S.-based firm Compass Mining plans to promote $30 million price of bitcoin mining gear that’s presently positioned in Siberia. The determination to promote the...
Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims
Authorized crypto mining companies have already taken a 3rd of their coin minting {hardware} out of Kazakhstan, in keeping with the nation’s mining affiliation. The...
Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, Protests
Hardware producer Canaan is increasing its crypto mining operations in Kazakhstan. The firm is now cooperating with a lot of mining companies there and has...
Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals
China’s crackdown on its crypto mining sector, launched earlier this yr, induced a large migration of mining enterprises to friendlier jurisdictions. Miners have been transferring...