cryptocurrency mining

British Columbia has become the third jurisdiction in Canada to place limitations on cryptocurrency mining. The province will not permit new connections to its power system for 18 months as a way to protect electricity for electric vehicles and heat pumps, according to Josie Osborne, Minister of...

Several NVIDIA Corporation (NASDAQ: NVDA) reacted to the chipmaker's first-quarter report with lower price targets. Here's what they had to say. The NVIDIA Analysts: BMO analyst Ambrish Srivastava has an Outperform rating and lowered the price target from $375 to $300. Wells Fargo...

A leading cloud-mining service provider announced a SPAC deal Tuesday to go public. The SPAC Deal: Digital asset mining service and cloud-mining service provider Finfront Holding Company announced a SPAC deal with Arisz Acquisition Corp (NASDAQ: ARIZ). The merger values the company at a pro forma...

There may be a silver lining hidden in the dark cloud that is the recent cryptocurrency crash — prices of gaming hardware made by the likes of NVIDIA Corporation (NASDAQ: NVDA) and Advanced Micro Devices, Inc (NASDAQ: AMD) appears to be finally be heading southwards. What Happened: The...

Bitcoin (CRYPTO: BTC) mining in Abkhazia, a partially-recognized breakaway republic of Georgia, is shaping up to be a dangerous pursuit. What Happened: A report from Reuters highlighted several instances where illegal Bitcoin miners in Abkhazia squared off with thieves, who came after their...

Bitcoin (CRYPTO: BTC) mining company Marathon Digital Holdings Inc. (NASDAQ: MARA) reported a 147% month-over-month increase in its Bitcoin production in December. What Happened: Marathon Digital said its Bitcoin production in the month of December was a record 484.5 BTC, compared to just 196 BTC...

The prices of major cryptocurrencies such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) continued to tumble early Tuesday following China’s latest warning to state-owned companies to stay away from cryptocurrency mining, the energy-consuming process by which...

Shares of cryptocurrency mining company Riot Blockchain Inc. (NASDAQ: RIOT) are trading higher Tuesday, most likely moving up as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are also both making gains today. Riot Blockchain was up 8.48% at $30.53 at last check Tuesday...

A Texas town of 5,600 people is benefitting from the Bitcoin (CRYPTO: BTC) mining boom that has the potential to transform its landscape. What Happened: Rockdale, Texas — a town of 5,600 people — is home to two Bitcoin mining firms, Bitmain spinoff Bitdeer and Riot Blockchain Inc (...

Riot Blockchain, Inc. (NASDAQ: RIOT) said that its Bitcoin (CRYPTO: BTC) production in September surged about 346% from a year ago. What Happened: Riot Blockchain said it produced 406 bitcoins in September, a four-fold increase compared to its September 2020 production of 91 bitcoins. The company...

El Salvador has announced it is taking the first steps in mining apex cryptocurrency Bitcoin (CRYPTO: BTC). What Happened: A video posted by El Salvador’s President Nayib Bukele on Twitter shows that the country has imported cryptocurrency mining equipment and commenced Bitcoin mining...

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) has announced it will stop selling cryptocurrency mining equipment on its platforms from Oct. 8. What Happened: Alibaba said it made the decision following the People’s Bank of China’s latest policy circular that bans...

Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin said on Twitter Thursday that he hopes Dogecoin (CRYPTO: DOGE) switches soon to the Proof of Stake model. What Happened: Buterin was answering a question as a part of a Twitter experiment he is conducting where he limited responses to only 268...

Internet company The9 Ltd (NASDAQ: NCTY) subsidiary NBTC Limited and Kazakhstan's LGHSTR Ltd inked a non-binding investment memorandum to establish a joint venture in Kazakhstan.  NBTC will own a 51% stake in the joint venture, with LGHSTR accounting for the remaining...

Bitcoin (CRYPTO: BTC) traded nearly 12% higher in the early hours of Monday, here are six stocks to look out for today as the apex cryptocurrency regains its upwards momentum. MicroStrategy Incorporated (NASDAQ: MSTR): The business intelligence company led by Michael Saylor is a Bitcoin play....