Malaysia Crushes 985 Bitcoin Mining Rigs worth $427K to Combat Illegal Activities. Authorities’ steamroller operation underlines commitment to reducing electricity theft, cutting illegal mining cases from 9 in 2022 to 1 in 2024. #Bitcoin #Cryptocurrency #Malaysia
Malaysian police arrest seven for Bitcoin mining power theft, confiscating 52 devices worth $57K. Authorities report $777M in stolen electricity over five years, underscoring the need for stricter regulations. Regional trend mirrors incidents in Indonesia.
El Salvador mines 474 $BTC using geothermal energy from Tecapa volcano since Sep 2021, dedicating 1.5 MW of capacity. The country holds 5846 $BTC and has $1.62B for Bitcoin City. Partnerships include @FoundryServices, @Antpoolofficial, @ViaBTC, @F2Pool_official, and @BinancePool.
“Bitcoin mining stocks lag despite BTC’s early 2024 surge. $MARA and $RIOT down 30-50% YTD. Historically, mining stocks outperform BTC in bull runs. @ecoinometrics indicates they are undervalued, hinting at potential gains with the next BTC halving.”
Marathon Digital Holdings ($MARA) to issue $250M in convertible bonds for Bitcoin acquisitions and corporate purposes. The firm holds over 20,800 BTC, valued at $1.2B, signaling strong institutional interest in crypto. #Bitcoin
Illegal cryptocurrency mining farm discovered at Chernihiv municipal enterprise, generating $1300/month using public power. Enterprise head faces up to six years in prison, fines, and job ban. #CryptocurrencyNews
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Breaking: $MARA boosts Bitcoin production by 17% in July, producing 692 BTC. Stock rises 3%, trading at $17.46. MARA’s new immersion cooling tech at Granbury site to enhance mining. #CryptoUpdate
WhiteBIT launches WhitePool, a Bitcoin mining pool now in the top 15 globally. It features a user-friendly interface, 24/7 support, and an automated reward system. VIP program offers lower fees and perks for top miners. #CryptoNews
Riot Platforms (@RiotBlockchain) identified for significant growth by H.C. Wainwright analyst Mike Colonnese despite a 34% YTD stock decline. Q2 results show operational growth and $1B liquidity. Target hash rates: 36.3 EH/s (2024), 56.6 EH/s (2025). #Update
Bitcoin mining difficulty hit a record 90.67T on July 31, rising 10.50% post-halving in April. The average hash rate is now 635.34 EH/s. Next adjustment on August 14 projects a slight 0.03% increase. #Bitcoin #Update
Bitcoin mining difficulty surged to 90.67T on July 31, 2024, a 10.50% increase. Average hash rate reached 635.34 EH/s, driven by post-halving accumulation. Next adjustment expected August 14, 2024, with a 0.03% rise.
This week, crypto funding highlights include Riot Platforms’ $92.5M acquisition of Block Mining, NPC Labs’ $18M raise led by Pantera Capital, and Caldera’s $15M to simplify Ethereum rollups. Total VC funding exceeds $210M with other key raises from aPriori, Mezo, and OpenSocial.
Sen. Elizabeth Warren warns of foreign crypto miners, including Chinese entities, spying on U.S. military bases and risking national security. She calls for stricter oversight and anti-money laundering measures. One example: MineOne Partners Ltd., banned from land near a Wyoming base. #NationalSecurity
Excerpt: Elizabeth Warren warns that one-third of U.S. crypto-mining facilities are Chinese-owned, posing national security risks. She cites potential espionage and cyberattack threats, urging stronger legislation.
