Backbone Hosting Solutions Inc. functioning under Bitfarms has entered into an agreement with the GMP Securities L.P. and Powerone Capital Markets Limited, investment banks in Canada. The money worth $39 million to be raised by debentures is to diversify the crypto mining business. The Blockchain Mining Limited listed with Tel Aviv Stock Exchange is to merge with Bitfarms.
The consortium of former staffers is being inspected by the attorney general of the U.S. state of Louisiana suspected to have used official resources for cryptocurrency mining. The employees who were questioned denied engaging in crypto mining. The investigation bureau has discovered a ‘hardware device’ that might have been put to use for bitcoin mining.
Japan’s electricity company found the solution for crypto mining activities which is consuming a lot of energy to operate. Kumamoto-Energy use of excess solar power to run crypto mining is not a just brilliant idea. It is also a choice that makes crypto mining more environment-friendly.
Over $776 million IT hardware such as graphics card was sold in 2017 for cryptocurrency mining purposes last year. From the buying of Graphic Card itself were sold for more than $3 million, this will lead to increasing price of GPU despite lower demand expected in the mining sector.
A criminal investigation was probed in the IT department in Louisiana by its own General of Attorney, Jeff Landry. The former employers in the department believed to use state resources to mine cryptocurrencies which against the rules of the department.
Founder of Chinese App, Meitu and a successful entrepreneur giving out his warns about the banning of cryptocurrency and ICO warning in China via Wechat. He argues the action would reduce the opportunity for dominating the future potential export industry.
A gang was arrested for stealing crypto mining equipment in Malaysia. The incident took place at Serdang New Village. Assistant Commissioner disclosed that the nine members accused attempted to trade stolen machines through social media. 58 machines worth $127,000 were recovered from them. Accused were also suspected to have involved in other such crime.
IT department of Minister of Finance caught four employees mining cryptocurrency in its server. As a result, extra measurement in terms of security to implement and paperwork in cryptocurrency regulation is in progress by the National Banks.
Asian markets like Sham Shui Po of Hong Kong, Sim Lim Square of Singapore are few among others where scores of people are thronging for the need of higher end specialized computer rigs. The absence of sales tax is said to be the prime reason for this and the scarce GPU are sold at double price.
Kaliningrad and Leningrad to get involved in cryptocurrency mining. The governor said that he had some rich experience with the trading in the past. A tech park is been built on the nuclear power plant in Sosnovy Bor. Approval for mining cryptos at LAES has been already given and some serious negotiations are underway.