1.
Marathon Digital Holdings Inc. is open to the possibility of being acquired at the right price, its chief executive said. The Las Vegas, Nevada-based company is one of the world's largest bitcoin miners, with a market cap of about $2.9 billion. The company predicts it will have the ability to generate 10 percent of the total hashrate for the bitcoin network by early next year.(Bloomberg)
2.
The Litecoin Foundation has partnered with Antpool, one of the world’s leading digital currency mining platforms, to form the digital currency research laboratory ‘LTC Labs’. The organization will focus on the research and information of anonymous transactions, decentralized applications, evolution of digital currency, wallets and other projects focused on growing the Litecoin ecosystem. AntPool will donate half of their Litecoin Pool mining proceeds each month to fund LTC Labs and directly support development initiatives.
3.
Nasdaq-listed HIVE Blockchain Technologies has recently published its production figures for March 2022. During the reported period, the mining company produced 278.6 BTC and more than 2,400 ETH. As of 3 April 2022, HIVE holds 2,568 Bitcoin and 16,196 Ethereum.
4.
MicroBT announced the launch of the WhatsMiner M50 series. The M50S features a Samsung 5nm chip with a hashrate of 126T, an efficiency ratio of 26J/T and 3276 watts of power. The water-cooled miner M53 has a hashrate of 240T and an efficiency ratio of 29J/T. The M50 series will begin shipping in the third quarter of 2022.
5.
Canaan launched its new bitcoin mining machine, the Avalon 1266, with an power efficiency ratio of 35J/T and a hashrate of 100T.（CoinDesk）
6.
Shanxi Provincial Development and Reform Commission issued on May 8, "on virtual currency" mining "electricity to implement differential tariff policy notice", decided from May 10 onwards on virtual currency "mining" electricity to implement differential tariff policy, each kilowatt-hour price increase of one yuan. For the same user there is mining electricity and other electricity mixed, according to its entire electricity consumption to implement differential tariffs.
7.
Digihost (DGHI) became the first publicly traded crypto miner to offer shareholders the option to get dividend payments in bitcoin (BTC), starting from the third quarter of this year.
The company’s first dividend will be 10% of its net income during the third quarter of 2022. Shareholders will have the option to get paid in either bitcoin or cash, Digihost said in a statement on Monday.
The rest of Digihost’s net income will be reinvested to fund future business requirements and opportunities.
For 2022, the company said it expects an average hashrate of 1.5 exahash per second (EH/s), which is about a 5.5 times increase compared to its 2021 average hashrate. Currently, the miner's hashrate is 1 EH/s and it mines 4.25 bitcoins per day. The miner also said it mined 186.8 bitcoin in the first quarter, an increase of about 78% from the same time period last year.（CoinDesk）
8.
On April 4, the bitcoin mining operation Northern Data published its financial statements and noted that the company’s mining fleet had grown by approximately 21,000 machines by the end of March 2022. The newly added machines increased the company’s hashrate from 2 exahash per second in February to 3.95 EH/s by the end of March.
Northern Data says 21,700 are hosted machines and the rest of the miners are dedicated to the company’s own account. By the end of the year, a total of more than 100,000 ASIC systems are expected to be in operation, representing approximately 9.3 EH/s.
In addition to ASIC mining rigs dedicated to mining bitcoin (BTC), Northern Data is mining ethereum (ETH) as well. In March, the company mined 286 BTC and 5,031 ETH, which brings the firm’s crypto holdings to 1,000 BTC and 35,200 ETH. The company now holds approximately $168 million in crypto assets.（News Bitcoin）
9.
Gryphon Digital Mining will not be going public via a reverse merger with publicly traded data management firm, Sphere 3D (ANY), the companies announced Monday. Gryphon and Sphere said they had agreed to terminate the agreement "due to changing market conditions, the passage of time, and the relative financial positions of the companies, among other factors."
The companies said they would continue to work together through what they termed a Master Services Agreement, with Gryphon generating "operating income through management of Sphere 3D's mining fleet," and Sphere 3D benefiting from "Gryphon's expertise in mining."
Gryphon Digital Mining is a privately held company focused on mining bitcoin (BTC) using 100% renewable energy.The deal was announced on June 3 and initially slated to close in the third quarter of 2021. But the companies pushed back that timeframe to the fourth quarter due to a complicated regulatory approval process, and then again to the first quarter of 2022.（CoinDesk）
10.
BitNile announced that the Company has invested a total of $127 million on its bitcoin mining operations at its Michigan data center, including $114.7 million in the purchase of bitcoin miners from Bitmain and $12.3 million for the purchase of the data center and infrastructure improvements.（Business Wire）
11.
Crypto miners Bit Digital (BTBT) and BitMine Immersion Technologies have signed a letter of intent to establish a hosting relationship that will start with 7,000 current-generation ASIC miners. The move comes several months after New York-based Bit Digital fully exited the Chinese market after the mining ban, shifting its focus to North America.
Bit Digital and BitMine Immersion plan to begin delivery of the ASIC miners in the coming weeks and months and to be at capacity by the end of August.
Bitmain’s latest Antminer ASICs start at $7,500 so the agreement could be worth in the $50 million to $60 million range.
The companies plan to primarily mine bitcoin (BTC) in immersion-cooled containers, which keeps the machines cool and allows for higher output and better energy efficiency.（CoinDesk）
12.
Hut 8 Mining Corp. monthly production update for March 2022，the main ones are as follows：
- 345 Bitcoin were mined, resulting in an average production rate of 11.1 Bitcoin per day；
- 100% of the self-mined Bitcoin for the month of March were deposited into custody, consistent with Hut 8's HODL strategy；
- Total Bitcoin balance held in reserve is 6,460 as of March 31, 2022；
- Installed operating capacity currently sits at 2.54 EH/s；
- Installed 560 new MicroBT M30S and M31S+ miners in March；
- Construction at Hut 8's third mining facility located in North Bay, Ontario is nearing completion and we are on track to begin operations in May；
- The proceeds from ATM offering announced in February 2022 are being used to grow mining business.（Newswire）
13.
The Russian Ministry of Industry and Trade has stated that it wants to create a legal system that would oblige Bitcoin (BTC) and crypto miners operating in the country to prioritize domestically produced mining hardware and apps – and buy from Russian providers when possible.
Per RBC, the proposal came from Denis Manturov, the Minister, who stated that changes should be made at the “legislative level to oblige the use of Russian equipment as a priority,” providing it was “available on the market.”（Cryptonews）
14.
The New York Supreme Court denied a petition filed by the Sierra Club and Seneca Lake Guardian to stop Greenidge's cryptocurrency mining project in Seneca Lake, New York, with Judge Daniel J. Doyle ruling that the project would not affect Seneca Lake's air and water quality and Greenidge stating that it would comply with New York State's environmental requirements. Greenidge also said he would comply with New York State's environmental requirements.
15.
American bitcoin mining giants are looking to Scandinavia, the Middle East and other regions to expand their energy-intensive and lightly regulated industry.
Mike Levitt, chief executive of Austin, Texas-based mining company Core Scientific, said at the Bitcoin Conference 2022 in Miami. The most logical regions are Scandinavia and the Middle East, where some nations have suitable power sources and capital, he said.
“The middle east is a very interesting place because they have asymmetry in power and energy,” Fred Thiel, chief executive of Marathon Digital, said at the conference.（Bloomberg）
16.
On April 8, the blockchain infrastructure and hosting services provider Compute North announced the launch of a new 300-MW bitcoin mining facility in Texas. The TIER 0 data center will be located near Wolf Hollow Power Plant and eventually, the company aims to scale the facility to 600 MW.
Furthermore, Compute North will be providing grid-balancing services to the Energy Reliability Council of Texas (ERCOT). According to the firm, the company’s TIER 0 data center provides “the ability to respond quickly during times of peak demand that stress the grid.” Additionally, the new Compute North data center aims to hire “30 skilled positions for the facility.”
In February, Compute North closed $385 million in equity and debt financing, led by Mercuria and Generate Capital with participation from National Grid Partners. The $85 million in equity financing was co-led by Mercuria and Generate Capital, with participation from National Grid Partners, a subsidiary of National Grid. 300 million in debt financing was also funded by Generate Capital. Compute North refers to the equity financing as its C round and the overall financing as its growth capital round.（Bitcoin.com）
17.
The government of Abkhazia, a breakaway republic in Georgia, has prolonged current restrictions on the minting of cryptocurrencies until the end of 2022. On April 1, the cabinet in Sukhumi adopted the respective amendments to its decree from December 2020, which banned the use of electricity for mining and halted imports of relevant equipment. The de-facto state has been struggling with power shortages and held talks with the Russian Federation, its main supporter, to ensure additional energy supplies.
Frequent breakdowns of its electrical infrastructure have also been blamed on crypto miners. The persistent problems have postponed a plan to legalize and regulate the industry. This comes after Abkhazia previously extended the deadline for a mining ban imposed in December 2020 from last June to the end of March this year due to frequent outages and power shortages.
18.
Russian Prime Minister Mikhail Mishustin said on April 7 that his government fully supports the central bank's position that cryptocurrencies cannot be considered legal tender in the country, but that issues related to cryptocurrency mining can be discussed. Mikhail Mishustin said he will continue to ban the use of digital currencies as a means of settlement. "We are against recognizing cryptocurrencies as a means of payment or a currency. We also believe that in order to stimulate investments, mainly fixed capital investments, we can discuss mining issues, including the establishment of data centers and related infrastructure."（RT）
19.
Blockstream and Jack Dorsey’s Block, formerly Square, are breaking ground on a solar- and battery-powered bitcoin mine in Texas that uses solar and storage technology from Tesla.
Tesla’s 3.8 megawatt solar PV array and 12 megawatt-hour Megapack will power the facility.
Blockstream co-founder and CEO Adam Back, a British cryptographer and a member of the “cypherpunk” crew, told CNBC on the sidelines of the Bitcoin 2022 conference in Miami that the mining facility is designed to be a proof of concept for 100% renewable energy bitcoin mining at scale.（CNBC）
20.
According to the Southern Metropolis News, the Guangdong Provincial Development and Reform Commission has recently announced a series of typical cases of remediation of virtual currency "mining" work. Previously, Guangzhou City, Jieyang City, Huizhou City have carried out virtual currency "mining" remediation work.
21.
On April 2, Dongguan Development and Reform Bureau led a joint enforcement team with Qingxi Town Economic Development Bureau and Changshantou Village to take action and successfully banned the "mining" nest. The law enforcement officers disposed of the "mining" nest by shutting down the electricity according to the law, and seized 145 "mining machines".
22.
Sichuan Power Trading Center: According to the requirements, Chengdu Shenli Technology Co., Ltd. has participated in the virtual currency "mining" behavior, and conceal the situation of illegal access to the electricity market, from March 26, 2022 onwards forced to withdraw from the electricity market in Sichuan Province.
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