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Paraguayan Bitcoin Mining Companies Hurt by Power Rate Hikes of Over 50%

Bitcoin mining companies in Paraguay have been hit hard by power rate hikes of over 50% imposed by the country's state-owned energy company, ANDE (Administración Nacional de Electricidad). The rate... Read More

Russia Proposes Ban on Cryptocurrency Mining in Residential Areas

Russia's State Duma Committee on State Building and Legislation has proposed a ban on cryptocurrency mining in residential areas. The proposal is aimed at reducing the strain on local power... Read More

Iris Energy Taps Bitmain's $67M Advance for Latest Mining Expansion

Iris Energy, an Australian cryptocurrency mining company, has announced that it is leveraging $67 million in prepayments from Bitmain to fund its latest mining expansion. The company has purchased 30,000... Read More

Iris Energy Boosts Self-Mining Power With New Bitmain Bitcoin Mining Rig With 4.4 EH/s

Iris Energy is a cryptocurrency mining company based in Australia that recently announced it has boosted its self-mining capacity with the addition of 4.4 EH/s (exahashes per second) of new... Read More

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