Global Crypto Mining News ( Dec 20 to Dec 26)
Colin Wu . 2021-12-27 . Mining


Marathon Digital is purchasing a record number of Antminer S19 XP (140 TH/s) bitcoin miners from Bitmain. All new miners purchased are expected to be shipped between July 2022 and December 2022, resulting in hashrate growth of 10 EH/s, with over 71,000 units expected and potentially over $400 million in total.


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According to Forbes, Jihan Wu said that Matrixport says it now has $10 billion in assets under management and custody and has more than $5 billion in average monthly trading volumes. Bitdeer is a mining platform that currently operates five pools in the U.S. and Norway with more than 100,000 mining units under its management. In addition, he said that DeFi's current innovations are breathtaking.


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Economic Reference: "We received the first batch of monitoring list of virtual currency 'mining' on October 12 this year, and after verification, the problematic IPs that have been fed back are all individual acts." A person in charge said that the superior department notified that the object of regulation is "mining" projects, requiring them to be included in the phase-out category of industries, but there are no specific requirements for individual "mining" behavior yet. "The 4 households screened by us in our jurisdiction are also residential users, but as long as they do not steal electricity and do not owe electricity bills, we cannot take restrictive measures against them in addition to continuous monitoring."



According to, the Fuzhou Municipal Commission for Discipline Inspection has investigated senior Fuzhou official Luo Shunquan for serious disciplinary violations. According to the investigation, Luo Shunquan participated in virtual currency "mining" activities, used his power for personal gain and confronted organizational review.



The Economic Daily: The regulation of virtual currency "mining" cannot leave blind spots. In the future, as the regulatory blind spots are cleared one by one, it is believed that the goal of zero virtual currency "mining" will not be too far away.



Bitcoin miners made more than $15 billion in revenue over the course of 2021, according to The Block Research. The estimate represents a year-over-year increase of 206%. As noted, estimated mining revenue peaked in March, when miners brought in some $1.75 billion, including $167 million in transaction fees.


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Stronghold Digital Mining is buying 9,080 Bitmain and MicroBT mining rigs, adding about 826 petahashes per second (PH/s) to its hashrate, the company said in a filing on Monday.


The bitcoin miner said it also signed an equipment-financing agreement with investment firm NYDIG on Dec. 15 for up to $54 million. The deal is collateralized by the purchase of 12,000 S19j Pro Antminers from Bitmain, and Stronghold has already received a $18.6 million advance, it said. The aggregate principal outstanding comes with a 9.85% interest rate and will be repaid over 24 months.


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British Columbia-based TAAL is buying 100 percent of Chief Fuels,to get hold of a warehouse which it plans to convert into a Bitcoin mine drawing up to 50MW.


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Bit Digital, Inc., a bitcoin mining company headquartered in New York, today announced its unaudited financial results for the third quarter ended September 30, 2021. The main points are as follows.


- Revenue from bitcoin mining was $10.4 million.

- They earned 248.4 bitcoins. The decrease from 562.9 earned during the second quarter was due to miner migration and fleet reposition.

- They had no miners remaining in China. 100% of our miner fleet was deployed, in transit to, or awaiting installation in North America at September 30, 2021.

- They owned 27,744 miners including 851 miner acquired in the third quarter of 2021.

- Non-GAAP income from operations* was $4.8 million, or $0.09 per ordinary share.

- Non-GAAP net income** was $4.0 million, or $0.07 per ordinary share.

- They had cash and cash equivalents of $26.5 million, and total liquidity (defined as cash and digital assets) of approximately $61.5 million, as of September 30, 2021.


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On December 23, Creek Road Miners, Inc., a cryptocurrency mining company, announced that it has bought 600 Bitmain Antminer S19xp (140Th) machines.


Scott D. Kaufman, Chief Executive Officer of Creek Road Miners, talked about the purchase and said: “In 2022, we are working towards scaling our operations by executing on our Five Cornerstone Strategy. We truly value and appreciate BITMAIN’s ongoing support as we work towards achieving our strategic growth initiatives.”


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On December 24, Mux Miner has announced that it is currently working on a project to create Software-Particular Built-in Circuit (ASIC) devices that are powered by unique technology. This technology would allow those new to cryptocurrency mining to work more freelyPreviously, Mux Miner has partnered with Kraken, ASG Expertise, FIS and others.


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On December 24, according to CryptoQuant, miners of the flagship cryptocurrency remain bullish on BTC as their inventory balance at the moment has hit a six-month high. As per the article from one of its analysts, Venturefounder, miners have more Bitcoin now than they did when BTC traded at the all-time high of $69,000. He adds that miners have been buying more inventory since July this year.


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Russian provinces free to make crypto miners pay higher electricity rates, says gov’t. In an official decree, the government explained that it has handed local governors the power to “independently determine the maximum volume of electricity consumption” that citizens can use at “preferential” residential rates. Anyone exceeding this maximum volume limit will be forced to pay higher rates – which can be determined by the regions and power companies themselves.


The system is not exactly brand-new: it has been pioneered in Crimea and particularly in its largest city, Sevastopol, where citizens’ energy usage at lower residential rates is capped at 150 kWh per month.


The Ministry of Energy assured that the measure was not a means to drive an increase in energy tariffs, claiming that its purpose was solely to “combat inappropriate energy consumption.” Regions have also been given the power to set “different tariffs for certain groups of the population” – in other words, to ramp up electricity fees for people power providers have identified as crypto miners.

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