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Crypto-Mining


China’s crypto mining giant, Bitmain, is one step closer to establishing mining facilities in Washington state. The Port of Walla Walla – Walla Walla county’s economic development agency – unanimously approved a land lease and purchase option that would allow Bitmain to build its new crypto mining facility. The company’s Ant Creek subsidiary will be …

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Russian police arrested two people for running an illegal cryptocurrency mining operation on Thursday. Ministry of Internal Affairs spokeswoman Irina Volk said police detained two individuals in connection with a cryptocurrency mining farm discovered in an abandoned rubber factory. More than 6,000 pieces of mining equipment were found at the site in the city of …

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The city of Plattsburgh, New York, has chosen to temporarily ban all new commercial cryptocurrency mining operations for the next 18 months – but local officials have suggested that the prohibition could end earlier. Last Thursday, Plattsburgh’s City Council adopted a local law prohibiting any new mining operations from setting up shop, effective immediately. The …

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Electric vehicle maker Tesla has reportedly fallen victim to a cryptocurrency mining malware attack. On Tuesday, cybersecurity software firm RedLock reported that hackers had exploited an insecure Kubernetes console, which they used to access and siphon computer processing power from Tesla’s cloud environment in order to mine cryptocurrencies. The team says it discovered and reported the …

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Canadian electric utility Hydro-Quebec may raise energy rates for crypto businesses due to an influx of requests from miners hoping to take advantage of its cheap rates. More than 100 crypto mining companies have approached Hydro-Quebec, spokesman Marc-Antoine Pouliot told CTV News Montreal, and a few have already settled in the province. Notably, Pouliot said …

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A mining company backed by Bitfury is set to become publicly listed later this month in Canada. Bloomberg reports that Hut 8 Mining Corp will appear on the TSX Venture Exchange, headquartered in Toronto. Back in December, Hut 8 announced that it was partnering with Bitfury in order to “acquire, install, maintain and operate North …

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