(CRYPTOCURRENCY MINING) The competitive course of that verifies and provides new transactions to the blockchain for a cryptocurrency that makes use of the proof-of-work (PoW) technique. The miner that wins the competitors is rewarded with some quantity of the currency and/or transaction charges.

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Maple Finance Provides $300m In Loans to Bitcoin Miners Struggling amid Market Crash

Maple Finance, Australia-based Decentralized finance (DeFi) firm for institutions to borrow from Liquidity Pools funded by the DeFi ecosystem, announced on Tuesday that it has launched a $300 million fund […]

Crypto Miner Bitdeer Buys Storage Facility Le Freeport for $28M

Bitdeer, a mining company owned by Bitman co-founder Wu Jihan, spent Singapore dollars $40 million (about US$28.4 million) in July to acquire Le Freeport, the highest-security storage facility in Singapore, according […]

Bitcoin Miner Bitfarms Starts Production in Argentina

Bitcoin Miner Bitfarms Starts Production in Argentina: Bitfarms Ltd, a Bitcoin mining company, headquartered in Quebec, Canada, announced on Monday that it has started mining production in its new facility based in Argentina.

Filecoin Miner RRMine Global Shuts Down Market in China, Moves HQ to Singapore

Decentralized storage network Filecoin miner RRMine Global announced that it will withdraw from the Chinese mainland market and close its business in mainland China, moving its headquarters to Singapore. In […]

Crypto Mining Pool Provider Poolin Suspends Withdrawals, Citing Liquidity Problems

Poolin, a cryptocurrency mining pool provider headquartered in Beijing, China, announced Monday that it had suspended withdrawals from its crypto wallet service, which signals serious trouble within the firm. Established […]