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News and Events in the Mining Industry

American BankProv will not provide loans secured by mining equipment
American BankProv has announced that it will no longer provide loans secured by cryptocurrency mining equipment. The bank has already cancelled such loans totalling $47.9 million. The US Securities and Exchange Commission (SEC) has been notified by BankProv that it intends to withdraw all credit ...
Hut 8 Mining initiated legal proceeding against Validus
Canada's Hut 8 Mining has initiated legal proceedings against Validus Power Corp and its subsidiary Bay Power Corp. In the Supreme Court of Ontario.  These actions were taken in connection with the ongoing disagreements between Hut 8 and Validus over the non-fulfillment of the last contractual ...
CleanSpark begins construction of the second stage of the data-center in Washington
CleanSpark, a mining company, has begun construction of the second stage of the data-center in Washington (Georgia), which will increase its capacity by 50 MW. Last August, CleanSpark spent $16.2 million to purchase a 36MW bitcoin center from WAHA Technologies, with the possibility of further ...
Congo National Park makes up for the lack of funds by mining BTC
Virunga National Park in the Republic of Congo, a place with a troubled history, needs financial help to maintain wildlife and vegetation. This oldest of Africa's reserves is home to an endangered species of mountain gorillas and has faced years of robbery, deforestation, minimal tourism, disease, ...
Bitmain released a new ASIC miner S19j Pro+
Bitmain, a major manufacturer of mining equipment, released a new ASIC miner S19j Pro+ with a power of up to 122 Th/s. This is an improved version of the earlier model S19j Pro, using 3,355 W and providing energy efficiency of 27.5 Joules per terahash. It provides 10% better performance than the ...
The bill on mining cryptocurrencies in the Russian Federation has not been adopted, postponed to 2023
The bill regulating the mining of cryptocurrencies, which was promised to be adopted in the first reading in the State Duma on December 20, could not be adopted. Now it will be considered in 2023. It is not known when exactly the deputies will adopt the bill. In turn, the head of the State Duma ...
New mining bill consideration in Russia on December 14
The head of the committee Anatoly Aksakov said that the parliament will be invited to adopt the document in the first reading before the end of the autumn session. On December 14, at a meeting of the State Duma Committee on the financial market, a bill on mining will be considered, the head of the ...
Canada expands restrictions for cryptocurrency mining
The second Canadian province has introduced restrictions for cryptocurrency miners due to the potential increase in the load on the power grid in winter. The authorities of the Canadian province of Manitoba have temporarily banned new connections of mining companies to the hydroelectric grid. This ...
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