Global Crypto Mining News (Jan 30 to Feb 5)
Colin Wu . 2023-02-06 . Mining

Kazakhstan Parliament adopts law regulating crypto mining and exchange. The Law of the Republic of Kazakhstan on Digital Assets and its related accompanying documents were considered by the Senate of Kazakhstan in mid-January, which supported the main thrust of the bill, but proposed amendments to some of its detailed provisions. President Kassym-Jomart Tokayev has not yet signed the bill.

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Crypto-friendly BankProv has stopped offering loans collateralized with crypto mining machines. The bank held $41.2 million in digital asset-related loans at the end of December. Of that, $26.7 million is collateralized with crypto mining machines.(CoinDesk)

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Bitcoin mining firm Luxor launched an auction-style platform for buying and selling Bitcoin mining hardware. The platform will allow buyers to request orders by condition, model type, location and more. The new product is meant to improve price discovery and increase liquidity in the secondary market, the company said.(The Block)

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Bitmain announced the release of the ETC miner E9 PRO, priced at 1299 USD each, hashrate 3680M, power consumption 2200W, energy efficiency ratio 0.6J/M. With the shift of ETH from POW to POS, the Bitmain E series of Ether ASIC miners can only be used to mine ETC.


DCG’s №1 bitcoin mining pool, Foundry, has announced the launch of its enterprise-grade ETH institutional pledge solution, with applications to be accepted through March 2023. Foundry says it is one of the few companies in the market to do pledging on its own, and is working with a select group of institutions.


Bitcoin miner Gryphon mined 71 bitcoin-equivalent coins in December, it said in an operational update after announcing plans to go public last week.The miner had an average hashrate of 0.625 EH/s, a 13% month-over-month decrease, in part due to the winter storm that led to seven days of full or partial curtailment.(The Block)

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Bankrupt crypto lender BlockFi has been granted court approval to sell off its crypto mining equipment as part of ongoing efforts to repay its creditors. The court acknowledged that the sale of the assets is designed to maximize the recovery and “realizable value” of the company.(Cointelegraph)

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Bitcoin miner Bitfarms produced 486 bitcoins in January this year, down 2% YoY and up 61% YoY. In addition, Bitfarms online hashrate was 4.7 EH/s as of January 31, 2023, up 104% year-over-year and 4% sequentially.(globenewswire)


Bitcoin infrastructure provider Blockstream announced its 2023 growth plans on Twitter, including expanding its institutional hosting services, developing its own bitcoin miners, and exploring renewable energy mining. In previous news, Blockstream announced in late January that it closed a $125 million convertible note and secured loan facility to expand its institutional bitcoin mining hosting services. CEO Adam Back said Blockstream had a strong 2022, with revenues tripling from 2021.


Bitcoin miner Cathedra Bitcoin announced that the Company entered into an agreement to lease a 2.5-MW bitcoin mining facility. Under the lease agreement, which lasts for an initial term of 24 months, the Company will make lease payments of US$108,000 per month, a rate equivalent to US$0.06 per kilowatt hour, including all electricity costs. The Company intends to deploy its final batch of 773 Bitmain Antminer S19J Pro machines at the leased facility upon their arrival, expected by March 2023.(BusinessWire)

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Bitcoin miner CleanSpark mined 697 BTC in January, pushing production up by 50% from the previous month. The company reached a hashrate of 6.6 EH/s, up 7% month-over-month, ramping up capacity after acquiring multiple sites and thousands of machines at discounted prices last year from troubled miners. The company sold 624 BTC (around $11.9 million) throughout the month to fund operations and growth. It owned 301 BTC as of Jan. 31.(The Block)

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Bitcoin miner Marathon Digital produced a record 687 bitcoins in January, a 45 percent increase over the 475 bitcoins it produced in December 2022, the company said in a published January operational update. Marathon Digital’s bitcoin holdings increased from 7,815 bitcoins on Dec. 31, 2022, to 8,090 bitcoins on Jan. 31, 2023, meaning that the company sold 412 bitcoins in January.


Bitcoin miner TeraWulf raised $32 million from a public equity offering. The company also reached a “binding agreement in principle” with its existing lenders to restructure its debt. “In reaching these achievements, we believe more than ever that TeraWulf is positioned to deliver profitable growth and compelling returns,” said CEO Paul Prager. Following the deals, the company expects to achieve free cash flow. (The Block)

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Canadian crypto mining firm said on Thursday that it had closed a $9.2 million Series A round as well as a $18 million strategic investment. The Series A valued the company at $150 million, and was led crypto asset management platform Haru Invest, with support from digital assets trading company Trinito as well as RFD Capital. The $18 million strategic investment came via Haru, and will be used to finance the company’s expansion into Paraguay.

With its Paraguay expansion, the miner said it would have over 500 PH/s of mining capacity this quarter. Its operations in Paraguay will be powered by hydroelectricity. also operates mining facilities in Wabush, Labrador, in northern Atlantic Canada, which also uses hydropower, as well as a facility near Quebec’s St. Lawrence River which uses wind power.

Recently, Blockstream, another Canadian mining company, raised $125 million to expand its bitcoin mining facilities and hosting services.(CoinDesk)

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