1.
Bloomberg：Exxon Mobil Corp. is running a pilot program using excess natural gas that would otherwise be burned off from North Dakota oil wells to power cryptocurrency-mining operations and is considering doing the same at other sites around the globe, according to people familiar with the matter.
The oil giant has an agreement with Crusoe Energy Systems Inc. to take gas from an oil well pad in the Bakken shale basin to power mobile generators used to run Bitcoin mining servers on site, said the people, who asked to not be named because the information isn’t public. The pilot project, which launched in January 2021 and expanded in July, uses up 18 million cubic feet of gas per month that would have otherwise been burned off -- or flared -- because there aren’t enough pipelines.
2.
The Environmental Conservation Committee of the New York State Assembly voted on Tuesday afternoon to move along a proposed law that would ban so-called proof-of-work (PoW) cryptocurrency mining for two years.
The bill was put together under the auspices of the state's Climate Leadership and Community Protection Act, which mandates that New York's greenhouse gas emissions be cut by 85% by 2050, with net emissions being slashed to zero.（CoinDesk）
3.
Ether developer Tim Beiko released the latest AllCoreDevs update. 1. test.com Kiln has found some implementation issues during merge testing and the team is doubling the workload. to ensure that all implementations are secure and stable. The difficulty bomb is expected to arrive in June, the initial difficulty will not rise too fast after the bomb is opened, and the block time is expected to increase to 14-17 seconds in a month or two. 3. the "Shanghai" update includes three main improvements: upgrading EVM, activating beacon chain withdrawals, and reducing L2 Gas fees. 4. the introduction of a specification that can span the execution and consensus layers (EELS). The Protocol Guild was established to provide token incentives to developers for ETH-based projects (rather than ETH itself), and could be a base layer complement to initiatives such as Gitcoin and retroactive public product funding in the future.
4.
On March 23, local time, the Office of the U.S. Trade Representative said it would reinstate tariff exemptions for some Chinese imports. The tariff exemption covers 352 of the 549 previously pending products. Industry sources pointed out that the category of cryptocurrency miners was not included in the 352 items and exports would still be subject to an additional 25% special tariff. But if all 549 items are eliminated, the additional tariffs related to miners will also be eliminated. China's Ministry of Commerce said it hopes the U.S. side will cancel all the tariffs imposed on China as soon as possible.
5.
Mawson Infrastructure Group (MIGI) reported fourth quarter revenues of $19.6 million, up from $10.9 million in the third quarter, an increase of 79 percent, and record total revenues for 2021, with sales up 886 percent compared to 2020, according to a public statement. Gross profit was $16 million in the fourth quarter compared to $8.4 million in the third quarter. The miner now expects hashrate to reach 5.5 EH/s by the beginning of the first quarter of 2023, which is 10% higher than the previously forecasted target of 5 EH/s.（CoinDesk）
6.
Pipe is launching an alternative financing product for bitcoin mining hardware and hosting companies with recurring revenue. The program, called “mine now, pay later,” will work as an alternative to traditional means of financing such as equity or debt.
“We’ve created a trading platform that allows companies to sell recurring revenue stream generating products and services to institutional investors,” Harry Hurst, co-founder and co-CEO of Pipe, said in an interview.
These contracts are institutional investors, including banks, hedge funds, pension funds and family offices.
Pipe has been working for several months with bitcoin mining service provider Compass Mining, which is the first company to broadly offer this new form of financing. Pipe closed a $250 million financing round in May last year, valuing it at $2 billion.（CoinDesk）
7.
Greenidge Generation Holdings Inc. (NASDAQ: GREE) announced it has closed two financings for approximately $108 million in gross proceeds in order to provide the company with additional liquidity to fund its 2022 growth.
The financings are comprised of an approximately $81.4 million facility with an affiliate of NYDIG, secured by certain Bitmain ANTMINER S19 J Pro equipment delivering in 2022, and a $26.5 million secured note with an affiliate of B. Riley Financial, Inc., secured by the real estate at Greenidge’s facility in Spartanburg.
“This is a transformative year for Greenidge as we expect to more than triple our datacenter capacity to 4.7 EH/s, with the vast majority of the capacity expansion focused outside of the company’s original site in New York,” said Greenidge’s CEO Jeff Kirt.
8.
Bitcoin (BTC) miner TeraWulf (WULF) is “leading the pack in sustainable mining” and its stock continues to trade at a large discount versus its peers, Wall Street investment bank B. Riley said in a research note issued Thursday after the market close.
“While many other miners aim for carbon neutrality, TeraWulf is entering the space using zero-carbon resources from the start,” wrote analyst Lucas Pipes about the company, which went public in December and is backed by celebrities such as actress Gwyneth Paltrow.
Pipes, who is the only analyst covering the stock, according to FactSet data, initiated coverage of TeraWulf with a buy rating and 12-month price target of $24 per share, implying 159% upside from Thursday’s closing price of $9.28.（CoinDesk）
9.
The Central Commission for Discipline Inspection and State Supervision website: precise supervision to prevent the resurgence of "mining", some of the state-owned units suspected of using public resources "mining" self-correction is not effective, "mining" problem repeatedly prohibited.
10.
Guizhou Economic Investigation: Be alert to the criminal risks derived from virtual currency "mining" activities: organizing and leading pyramid schemes, illegal fund-raising crimes, crimes against computer information systems, and fraud crimes.
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