Global Crypto Mining News (Apr 25 to May 1)
1.
CleanSpark, a sustainable bitcoin mining and energy technology company, today announced that it has finalized $35 million in non-dilutive financing from Trinity Capital Inc.. The three-year equipment financing agreement is backed by 3,336 new S19j Pro miners and carries an annual interest rate of 9.9%. CleanSpark intends to use the proceeds from the facility for growth capital expenditures.
2.
HuobiTech announced the official launch of the Blockchain Storage IPFS Infrastructure Mining Fund for professional investors only. The jointly released IPFS Infrastructure Mining Fund covers companies that invest in related cryptocurrency mining industry activities as well as companies that support or cover the related cryptocurrency mining industry ecosystem.
3.
tokenview data shows that Bitcoin mining difficulty was raised again last night at 23:20:35 (UTC+8) from block height 733,824 to 29.79 T, up 5.53% from 28.22 T, a new all-time high. The current bitcoin network-wide count is 222 EH/s.
4.
Shaanxi Provincial Development and Reform Commission issued a notice: the virtual currency "mining" electricity tariff will be implemented differently, the implementation of "elimination" enterprise tariff, the rate of increase of 1 yuan per kilowatt hour (including tax). The notice will be implemented from May 1, 2022 and will be valid for two years
5.
Bitcoin miner Argo Blockchain raised 2022 hashrate guidance to 5.5 exahash per second (EH/s), an almost 50% increase from previous guidance of 3.7 EH/s, mostly driven by mining rigs that use Intel’s new chips.
“With our mining operations at Helios [the company's flagship mining facility located in Dickens County, Texas] expected to commence in May, along with the development of custom mining machines using Intel’s next-generation Blockscale ASIC chips, Argo is well-positioned to continue its growth with a focus on delivering for our shareholders,” said CEO Peter Wall in a statement.（CoinDesk）
6.
Bitcoin miner Argo Blockchain reported fiscal 2021 earnings on Thursday, with revenue up 291 percent to $100 million (£74 million) and a mining margin of 84 percent, up from 41 percent in 2020.Argo attributed the results to a "significant increase" in hash rates, a "temporary decrease in the difficulty of the Bitcoin network" and an increase in the price of Bitcoin in 2021. "a temporary decrease in the difficulty of the Bitcoin network" and an increase in the price of Bitcoin in 2021.
In 2021, Argo produced a total of 2,045 bitcoins, down 17% from the previous year, which the company attributed to the halving of block rewards in 2020. As of March 2022, Argo holds 2,700 bitcoins worth $122.9 million.（Proactive Investors）
7.
Graphics processing units (GPUs), which are used for mining ethereum, are getting cheaper as the network prepares to switch to a proof-of-stake (PoS) model from proof-of-work (PoW).
The asking price for popular GPU models on eBay has dropped by 37% since May 2021, when Chinese authorities issued a renewed crackdown on crypto mining in the country, using data from Tom’s Hardware.
The price of 10 major GPU models on the online marketplace dropped by 7.4% in January, 9.5% in February and 12% in March.（Coindesk)
8.
Zhaoqing City Development and Reform Bureau of Guangdong Province, in conjunction with multiple departments, has continued to combat virtual currency "mining" in the city since last year. At present, the list of virtual currency "mining" has all been cleaned up in the field, and 207 computer mining machines have been investigated and dealt with.
9.
Bitcoin mining companies are further adopting green energy as the global Bitcoin mining industry increased its sustainable energy mix by approximately 59% year over year.
The Bitcoin Mining Council (BMC) is a group of 44 Bitcoin mining companies claiming to represent 50% of the global Bitcoin network, or 100.9 exahash (EH). It released a new report on Monday with the findings. The group is also fronted by Bitcoin proponent and MicroStrategy CEO Michael Saylor.
The latest survey of BMC member companies questioned how much electricity their companies consumed, what percentage of that electricity is generated by hydro, wind, solar, nuclear or geothermal sources and what the hash rate of their operations was.
The BMC estimates the global mining industry’s sustainable electricity mix for the top crypto is now 58.4%, a fall of 0.1% from last quarter. Perhaps more importantly, it’s significant growth from the 36.8% renewables estimated in Q1 2021.
It’s worth noting, however, that the BMC only formed in June 2021, so it is not exactly clear how it formulated the 36.8% worth of renewables estimated in Q1 2021.
Data for the new report, which was self-reported by BMC members, showed that they were utilizing electricity with a 64.6% sustainable power mix. The figures for global Bitcoin mining were estimated from the data from BMC members.（Cointelegraph）
10.
Dallas-based bitcoin (BTC) mining startup Blockmetrix has raised $20 million in new debt from crypto-friendly commercial bank BankProv and digital asset exchange CrossTower. The new funding will go towards expanding its operations, including buying more mining machines and investing in joint ventures (JVs) to build infrastructure.（CoinDesk）
11.
As reported by Bitcoin.com, The draft of the new federal law “On Mining in Russian Federation” has been submitted to the Duma. The law provides for the creation of a special register for cryptocurrency miners that will be maintained by an authorized federal body. Only registered entities and persons will be allowed to mine. The operators of mining facilities in Russia will be required to keep records of the minted cryptocurrencies, their types, any contracts with other entities and buyers of the coins, exchange operators, payment systems, and banks. The Russian parliament is expected to approve this law, along with tax amendments, during its spring session.
Follow us
Twitter: https://twitter.com/WuBlockchain
Telegram: https://t.me/wublockchainenglish
Sponsor to help us do professional, independent news.
EVM address: 0xef219190fe8E5AC5b01e3772dc892C41E9E47808
Binance - 20% fee for registration: https://accounts.binance.me/zh-CN/register?ref=LMZL174C
FTX fee discount https://ftx.com/referrals#a=101418469