Compass Mining is selling around $30 million in Bitcoin mining equipment located in Siberia in a bid to avoid sanctions imposed by the US.
With the West leading the fight with sanctions, a US-based company – Compass Mining – is planning to sell around $30 million in Bitcoin mining equipment located in Siberia.
The Russian servers that Compass is willing to get rid off represent about 15% of its current capacity. Gibbs expects that the company’s operating capacity could potentially expand to 355 MW by the end of the year, from about 70 MW, after clearing out equipment in Siberia.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US crypto miner Compass selling $30 million of equipment in Russia to avoid sanctions: reportThe US Treasury's Office of Foreign Assets Control added cryptocurrency miner BitRiver and 10 subsidiaries to its Specially Designated Nationals list on Wednesday.
Read more »
New York to Vote on Crypto Mining Bill, Could Become the First US State to Ban Bitcoin MiningQuick take: The New York State Assembly is scheduled to vote on a proposed ban on crypto mining activities in the state The vote will be carried out on Monday, April 25th If successful, the Bill proposed under number A7389C will make New York the first state to ban proof-of-work networks such as...
Read more »
Galveston ISD employee out of a job after cryptocurrency mining machines found around schools'I feel like that's very untrustworthy, and you've been working here for years,' a former student said.
Read more »
Bringing back the hits: Mining music catalogs for goldMusicians' back catalogs are becoming extremely valuable properties, as music rights companies exploit old songs in commercials and other media.
Read more »
Video: A quarter of all the electricity in this county is powering Bitcoin mining - CNN VideoAs the Bitcoin industry grows, CNN's Nick Watt visits a Washington state county where a quarter of all electricity generated is powering Bitcoin mining.
Read more »
Robberies of mail carriers rise dramatically in U.S. with no signs of abatingBetween 2018 and 2021, robberies of letter carriers more than tripled, and robberies involving a gun more than quadrupled.
Read more »