#Cryptocurrency Mining

All about cryptocurrency mining, including Bitcoin and other digital currencies. News on mining in China, Russia, Ukraine, and globally. Learn what cryptocurrency mining is and how it works.

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ForkLog 22 30.05.2022

In the first quarter of 2022, miners boosted Kazakhstan’s budget by about $1.5 million

The Committee on State Revenues of the Ministry of Finance of Kazakhstan reported that in the first quarter of 2022, miners contributed 652 million tenge to the budget (about $1.5 million).

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ForkLog 7 27.05.2022

Miners’ share of Russia’s energy consumption tops 2%

Mining accounts for more than 2% of Russia's total electricity consumption, underscoring the need to regulate the market, according to the Ministry of Industry and Trade.

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ForkLog 31 27.05.2022

BIT Mining quarterly revenue falls by more than $200 million

For the first quarter of 2022, BIT Mining Limited reported revenue of $296.7 million. This was $201.1 million lower than the figure for the previous period, according to the financial report.

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ForkLog 7 26.05.2022

Nvidia shares plunge 10.3% after first-quarter results

Nvidia reported its financial results for January–March 2022, providing a weak forecast for second-quarter revenue. In after-hours trading, the graphics-chip maker's shares fell by 10.32%.

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ForkLog 21 26.05.2022

Bitcoin mining difficulty falls by 4.3%

On May 25, following the latest adjustment, Bitcoin mining difficulty fell 4.33% to 29.9T. The drop was the largest since July 2021.

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ForkLog 22 25.05.2022

Kazakhstan backs new tax rates for miners in first reading

Kazakhstan's Majilis deputies (the lower house of parliament) backed in a first reading a bill to amend the Tax Code affecting mining taxation.

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ForkLog 15 24.05.2022

New mining bill submitted to the State Duma

In the State Duma, an updated draft law 'On mining in the Russian Federation' was registered. The previous document was withdrawn.

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ForkLog 19 20.05.2022

Butyrka prison leadership suspected of illegal mining

The Investigative Committee has begun a probe into one of the leaders of the Butyrka prison for involvement in the illegal organisation of cryptocurrency mining at the detention facility.

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ForkLog 11 19.05.2022

Canaan posts 327% jump in quarterly profit in Q1 2022

For the first quarter of 2022, the Chinese manufacturer of mining equipment Canaan posted gross profit of $130.9 million. Compared with the same period last year, the figure rose by 327.2%.

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ForkLog 10 17.05.2022

Greenidge Generation posts 240% quarterly revenue increase

In Q1 2022, Greenidge Generation's revenue reached $37.7 million, up 240% year over year.

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ForkLog 28 17.05.2022

Russia Drops Out of Bitcoin Hashrate Top Three

The United States retained the lead in the Bitcoin hashrate share at 37.8%. China rose to second place and displaced Russia from the top three, according to data from the Cambridge Centre for Alternative Finance (CCAF).

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ForkLog 25 16.05.2022

Celsius Mining Files for IPO

Mining company Celsius Mining, a subsidiary of the Celsius Network crypto-lending platform, has confidentially filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) for an IPO.

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