According to a report by Law360, a court overseeing the bankruptcy case of the company Celsius Network has given the company permission to sell newly-mined Bitcoin. This is a break for the troubled cryptocurrency lender Celsius Network. Despite initial objections, particularly those linked to the costs of Celsius’ Bitcoin mining activities, Judge Martin Glenn of … Read more
On Monday, the big US enterprise Bitcoin mining company known as Marathon Digital Holdings, Inc. made the announcement that it has successfully obtained an additional $100 million line of credit through Silvergate Bank secured by Bitcoin (BTC). The Bitcoin miner worked with the cryptocurrency bank to establish a credit line with a revolving limit of … Read more
According to the Bitcoin Mining Council’s most recent Q2 2022 report, almost 60% of the electricity used to power Bitcoin mining equipment comes from green sources (BMC). In its Q2 review of the Bitcoin network, released on July 19, the BMC found that the worldwide Bitcoin mining industry’s use of renewable power is up 6 … Read more
The senators did their research and found that miners make much more coal and release “substantial amounts of carbon.” Some places, like New York, want to stop proof-of-work crypto mining for two years, and others are thinking about doing the same. Democrats in Congress have asked two government agencies to do something about Bitcoin mining … Read more