News

Cryptomining firm Bitfarms has entered into a definitive partnership with Stronghold Digital Mining under which Bitfarms will acquire Stronghold in a stock-for-stock merger transaction. The deal is valued at approximately $125 million equity value plus the assumption of debt valued at approxim...

Data center operator Soluna has secured $30 million in funding from Spring Lane Capital to expand its data center in Texas. Soluna said the financing will accommodate approximately 12,700 Bitcoin mining rigs, each with a power consumption of around 3.5kW, totaling 48MW. Soluna has an existing ...

Iris Energy and AI startup Poolside have gotten into an agreement to give the latter cloud access to Nvidia GPUs. According to Iris Energy, the initial contract is three months, with a potential three month extension. Daniel Roberts, co-Founder and co-CEO of Iris Energy, said: “We are pleased ...

Applied Digital has recently signed a long-term retail electric agreement with TerraForm Power for its 200MW data center in Garden City, Texas. Following this agreement, Applied Digital will use wind power produced in Texas by TerraForm Power.  Wes Cummins, Applied Digital chairman and CEO sai...

Sentinum, Inc., previously known as BitNile, Inc., has broken ground in Montana on a new cryptomine data center. This week, Ault Alliance, the holding company and parent company of Sentinum, announced that construction had begun on a 20MW facility, which should be operational by the end of the...

Nodal Power, a crypto-mining startup, has raised $13 million for its methane-powered crypto-mining data centers. Nodal, founded in 2022, develops power plants that consume methane produced by decomposing garbage in landfills. According to the company, its system can be implemented at smaller l...

Genesis Digital Assets Limited (GDA) has established a crypto mining data center in northern Sweden. Located near the 417 MW Porjus hydroelectric power station, the current capacity of this facility is 8MW, but expansion is planned for the future. It was previously used as a 'traditional' data...

The Arkansas Data Centers Act was recently passed after being proposed not long ago on March 30 by Senator Joshua Bryant. The legislation seeks to regulate the Bitcoin mining industry in the state, and will allocate crypto miners the same rights as data centers. It outlines that the government...

SBI Crypto Co. is reportedly pursuing litigation against the Riot Blockchain-owned-Whinstone US data center based in Rockdale, Texas. The bitcoin mining company outlined in its lawsuit, filed April 6th, that the data center breached its Hosting Service Agreement, alongside other charges includ...

The Russian Federation has announced its intent to launch a crypto-mining facility worth over $12.3 million (900 million rubles) in the coming months. To be situated in Buryatia, a Russian republic in eastern Siberia, the facility, upon completion, is pegged to contain 30,000 mining devices.Ac...

Cipher Mining, Inc., a U.S.-based bitcoin mining company, has begun bitcoin mining operations at its Odessa data center in Texas."We are delighted to announce that our Odessa data center has begun bitcoin mining operations just 10 months after we broke ground at the site," said Tyler Page, CEO...

Compute North has sold two of its data centers to crypto mining firm Foundry Digital amidst bankruptcy. Compute North provides data center hosting services for blockchain and crypto mining firms. The company filed for Chapter 11 bankruptcy in September due to owing over 200 creditors up to ...

Genesis Digital Assets, has broken ground on a new data center in Glasscock county Texas. Comprising four buildings when complete, the new facility is expected to be finished and fully operational by December this year. According to the company, the facility will utilize its proprietary techno...

Arsenal Digital Holdings has announced that it has an agreement in place to acquire a data center campus in Texas. The crypto mining holding firm didn’t reveal the terms of the deal nor the location of the site. However, it noted that the property sits on a 50-acre site. It also said the prope...

Riot Blockchain, one of the world’s largest bitcoin miners, has announced that it recently generated more money from energy credits allocated to the company for powering down than from actually mining cryptocurrency. During July, the company shut down its bitcoin mining rigs at its Texas faci...

Texas is currently experiencing record temperatures, with the state hitting triple figures last week. Waco, for example, reached 108F, beating the 104F high set a century ago back in 1917. Last month, for instance, over a third of those in the US were urged to stay inside. This news comes as g...

American fracking company Black Mountain's announcement that it will partner with crypto mining firm Highwire to use fracked gas from its planned Valhalla exploration project in Kimberley to power cryptocurrency mining has been met with significant opposition. According to Black Mountain, it h...

Cryptomining firm White Rock Management has announced it is the latest company to decide to use flared gas to fuel its mining operations, launching its first US bitcoin mining operation in Texas' Brazos Valley region. This bitcoin mining facility will be powered using the oil well's excess nat...

BitRiver, a crypto mining company,  is partnering up with Gazprom Neft, the third-largest oil producer in Russia and subsidiary of state-owned energy firm Gazprom, to power crypto mine data centers with flared gas, it has been announced. This comes following an MoU between the two signed at S...

GMT has announced its plans to develop a data center in the UAE. The Singapore-based crypto mining company revealed in a Medium post that it would be investing heavily in developing a data center in the region. According to GMT, there’s no exact location for the data center yet, but more in...