cryptocurrency mining

Investors are still waiting on a Bitcoin (CYRPTO: BTC) ETF, but may have an alternative with a new actively managed clean energy crypto mining ETF launched this week. About The ETF: The Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF (NYSE: RIGZ) is a new launch that gives investors...

NVIDIA Corporation (NASDAQ: NVDA) shares turned red on Tuesday after losing the prior session’s buoyancy.  What Happened: The fall in the shares comes on a day when the company stock split 4-for-1. However, there may be another factor at play leading to the company’s stock slipping...

A video of Malaysia literally cracking down on Bitcoin (CRYPTO: BTC) by destroying 1,069 confiscated Bitcoin mining rigs with a steamroller has gone viral on social media. What Happened: Malaysian police destroyed the mining rigs, worth about $1.26 million, after they were seized for illegally...

The Mechanicville hydroelectric power plant, built in New York in 1897 by the Hudson River Power Transmission company, owned and operated today by Albany Engineering Corp (AEC), has started mining Bitcoin (CRYPTO: BTC). What Happened: According to a report from Times Union, a portion of the...

What Are The Major Concerns? Bitcoin mining has created quite a stir in the marketplace. It's no mystery that Bitcoin mining consumes a lot of energy, resulting in increased carbon emissions. Bitcoin mining refers to the process of verifying bitcoin transactions and documenting them in the...

What Happened: As Chinese regulators clamped down on cryptocurrency mining, Bitcoin (CRYPTO: BTC) miners in the region were forced to shut down operations entirely. The resulting impact was a significant drop in Bitcoin’s hashrate, used to measure the amount of power contributing to mining...

Cryptocurrency lender Celsius Network (CRYPTO: CEL) will distribute the profits made from its $200 million Bitcoin (CRYPTO: BTC) mining operation. What Happened: According to a Thursday Cointelegraph report, Celsius Network CEO Alex Mashinsky told the news outlet that...

What Happened: Shenzhen-based Bitcoin miner BIT Mining (NYSE: BTCM) has already shipped some of its mining equipment outside China, according to a press release from the company. The company reported that 320 mining machines with a capacity of 18.2 PH/s had been delivered to a facility in...

NVIDIA Corp (NASDAQ: NVDA) urged gaming customers not to buy the latest high-end computer graphics chips like GeForce RTX 3080 Ti, a $1,199 graphics card, and the roughly $600 RTX 3070 Ti with stripped off abilities, Bloomberg reports. What Happened: Nvidia wanted the high-end...

Keeping a tough stance on cryptocurrencies, China has issued an order to crack down on crypto mining operations in Sichuan’s southwest province, Reuters reported.  What Happened: On Friday, the Sichuan branch of the National Development and Reform Commission (NDRC) and the...

National Football League player Russell Okung is putting up billboards aimed at Tesla Inc (NASDAQ: TSLA) and SpaceX CEO Elon Musk due to his recent utterances on Bitcoin (BTC), Decrypt reported Thursday. What Happened: The billboards feature an image of the player with “Stick to Space Elon...

The cryptocurrency mining of the potentially latest graphics processing units (GPUs) announced by the industry's leader Nvidia Corporation (NASDAQ: NVDA) will not be curbed by the company. What Happened: During Nvidia's Keynote at Computex 2021, the company...

Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk on Saturday backed a proposition from Blockfolio on how to utilize energy generated during the process of Dogecoin (DOGE) mining. What Happened: Blockfolio in a tweet proposed “a hot tub that's heated by mining dogecoin,” which Musk dubbed a...

Shares of Hello Pal International Inc. (OTC: HLLPF) gained more than 10% on Thursday after the Canada-based company provided more details of its recent acquisition of Dogecoin (DOGE) miner Crypto Pal Technology Ltd. What Happened: Hello Pal said its acquisition of a 51% stake in Crypto Pal for $3.5...

Nvidia Corporation (NASDAQ: NVDA) said it has benefitted from record revenue in the first quarter ended May 2, with a small part of the revenue generated from the sale of dedicated cryptocurrency mining hardware, but there is more than meets the eye. What Happened: The multinational technology...