SEC Sues Geosyn Mining for $5.6M Investor Fraud
The SEC accuses Geosyn Mining of defrauding investors, lying about crypto rig counts, and misusing funds for lavish personal expenses.
Cheng YuanThe SEC accuses Geosyn Mining of defrauding investors, lying about crypto rig counts, and misusing funds for lavish personal expenses.
Cheng YuanThe Crypto-Asset Environmental Transparency Act would direct the EPA to impose greenhouse gas emission reporting rules on crypto mining facilities.
OthersThe company is offering to move approximately 8,000 machines to Texas.
CoindeskThe Bitcoin mining company plans to expand its fleet of mining devices, coming on the back of staff lay-offs and executive salary cuts just weeks before.
CointelegraphCompass Mining parts ways with 15% of its workforce while senior employees and executives take major pay-cuts in the wake of the cryptocurrency downturn.
CointelegraphThe facility owner Dynamics Mining publicly took to Twitter to share the letter terminating its hosting agreement with Compass Mining, saying it had unpaid bills.
Cointelegraph“This quarter, we saw significant improvements in the energy efficiency and sustainability of Bitcoin mining, a trend that will continue,” said MicroStrategy founder and CEO Michael Saylor.
Cointelegraph