Greenidge Generation LLC, an upstate New York-based Bitcoin (BTC) mining firm has reportedly threatened legal action over repeated “demonstrably false” claims from local activists. Greenidge mines BTC at its gas-fired power plant near the Seneca Lake in Dresden, and the firm has been locked in a long-running battle with activists who allege that the firm’s practices are damaging to the local environment. Activists Yvonne Taylor and Abi Buddington claim that the Greenidge CEO Dale Irwin sent them “threatening” letters in response to their public pushback against the firm. The letters have since been shared publicly and refer to pursuing “all …

The New York Stock Exchange (NYSE) continues listing Bitcoin (BTC)-linked exchange-traded funds (ETF), with Volt Equity becoming the latest company to debut such a product on the exchange. Volt Equity’s Crypto Industry Revolution and Tech ETF will debut trading on the electronic securities exchange NYSE Arca on Oct. 28, the company’s CEO Tad Park told Cointelegraph. The ETF will be available for trading at market opening under the ticker symbol BTCR. BTCR will open at $21, giving a nod to Bitcoin’s capped supply of 21 million Bitcoin. According to the company, the ETF is implementing a management approach informed by …

Bitcoin (BTC) has all but deleted any trace of the mining ban which saw hash rate dive 50% this year. According to the latest estimates, the network hash rate is now back at levels from May, just before China outlawed its Bitcoin mining industry. Hash rate recovers the dip Five months since the largest ever migration in Bitcoin’s history began, network fundamentals have staged a major comeback. Coming in leaps and bounds as miners relocated and started over, the recovery in hash rate and network difficulty is now approaching a seminal point. While impossible to measure in definitive terms, hash …

There’s no denying that over the past couple of years, the narrative that Bitcoin (BTC) consumes too much power has continued to garner an increasing amount of mainstream traction. However, what sometimes gets ignored is that in recent months, an increasing number of Bitcoin miners have moved toward the use of power sources driven primarily by renewable energy. To expound further on the subject, it should be noted that a number of studies, including one that was released recently by Cambridge University, revealed that more than 75% of all miners operating today make use of renewable sources to power their …

Electric services provider Ameren Corporation announced Monday that it has successfully mined upward of 20 Bitcoin (BTC) using excess energy generated by one of its coal-based power plants — the Sioux Energy Center in West Alton, Missouri. While the company set up the data center used to mine the coins back in April, it did not publicly announce the addition until Monday. Its half-megawatt mining facility taps into the Sioux Energy Energy Center’s 972 MW generation capacity to complete the necessary proof-of-work-based mining activities. Ameren’s goals in launching the operation appear to have been to stop a decline in the …

Major blockchain technology company Blockstream has completed six tranches of its Bitcoin (BTC) mining security token offering (STO), securing a total of 30.9 million euros ($36 million). Blockstream officially announced Thursday that the company raised 13.9 million euros ($16.1 million) in the sixth tranche of its Bitcoin mining-focused security token known as Blockstream Mining Note (BMN). According to the announcement, the latest raise was the largest tranche that Blockstream has ever issued, marking increasing interest from individual and institutional investors. The raise brings the total BMN supply to more than 122, with the total number of investors amounting to 70. …

China’s National Development and Reform Commission is seeking public opinion on the inclusion of crypto mining in its list of “phased-out” industries. The call for public comments by the country’s macroeconomic planning agency was contained in a release issued on Thursday. Back on Sept. 24, the agency added digital currency mining to its list of outdated industries following sweeping crackdowns by authorities in Beijing against crypto miners. The move offered a definitive stance by the commission after seemingly going back and forth on the issue for the last two years. As part of the calls for public comments, the agency’s …

Feel mining is a French company that provides you access to the world of cryptocurrency through multiple offers: staking, lending, masternodes, mining, buying crypto, machine sales, hosting. Based in Grenoble, the company was recently accredited as a provider of services on digital assets (PSAN) by the French financial markets regulator Autorité des marchés financiers (AMF, E2021-022). The core of Feel Mining’s offering is its four “investment packs” that offer investors the ability to easily diversify their cryptocurrency holdings by investing in staking or running proof-of-stake (PoS) masternodes, which are arranged by risk tolerance. Serenity is, unsurprisingly, for the most risk-intolerant …

The Russian government is considering a new project to mine Bitcoin (BTC) with associated petroleum gas. Vasiliy Shpak, deputy minister of Industry and Trade of Russia, has reportedly filed a proposal with the Russian central bank and the Ministry of Digital Development to use the country’s oil field equipment for mining cryptocurrency. According to a report by Kommersant, the proposal was filed on Sept. 7, asking the government to provide its feedback on an initiative originally coming from local oil and gas companies. The firms specifically proposed to use associated gas to power nearby data centers for mining Bitcoin. This …

Bitfury, one of the world’s largest companies in the blockchain industry, is mulling a potential initial public offering, or IPO, as part of the company’s global growth plans, the company’s CEO confirmed to Cointelegraph. “As Bitfury and its portfolio of companies continue their global expansion in the digital assets space, Bitfury will be considering an IPO as part of its broader expansion and growth plans,” Bitfury co-founder and CEO Valery Vavilov said. According to the executive, Bitfury has not yet determined when and on what exchange the company is willing to proceed with an IPO. The company’s last funding round …

American financial service provider Square will soon begin investigating technical requirements for building an open-source Bitcoin (BTC) mining system, according to CEO Jack Dorsey. Dorsey shared a series of tweets explaining his intent to follow a collaborative approach in further decentralizing Bitcoin mining. He said: “Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. The more decentralized this is, the more resilient the Bitcoin network becomes.” Dorsey believes that further decentralizing the Bitcoin network will be critical for securely settling the transactions “well after the last bitcoin is mined.” …

MintGreen, a Canada-based cleantech cryptocurrency miner, will be partnering with the Lonsdale Energy Corporation to supply heat to residents of North Vancouver in British Columbia starting in 2022. In a Thursday announcement, MintGreen said its “digital boilers” — which it claims can recover more than 96% of the electricity used for Bitcoin (BTC) mining — will prevent 20,000 metric tons of greenhouse gases per megawatt from entering the atmosphere during its arrangement with North Vancouver. The recovered energy will be used to heat 100 residential and commercial buildings in the Canadian city with a population of roughly 155,000. Colin Sullivan, …