SOS Limited signed a hosting agreement with Bitmain for 6,000 mining machines

Phoenix Group Expands Bitcoin Mining Operations with $187 Million Bitmain Purchase

Abu Dhabi-based Phoenix Group is set to acquire $187 million worth of new Bitcoin mining rigs from Bitmain Technologies, following a $380 million deal with WhatsMiner. The move aims to significantly boost Phoenix's Bitcoin hashing power, positioning the company as a major global crypto miner. The strategic expansion aligns with the recent approval of a Bitcoin exchange-traded fund (ETF) by the SEC, anticipating potential industry growth. Despite competition and profitability challenges in Bitcoin mining, Phoenix Group's aggressive approach underscores its commitment to staying competitive in the evolving sector.

24karat to Sell NFTs via 1000 Vending Machines Across Japan

24karat plans to sell NFTs through 1000 AIICO vending machines nationwide, aiming to engage over 100 million monthly users with premium content. This initiative seeks to democratise NFT access, using Flow blockchain and strategic placements to drive wider adoption and market growth.

Bitmain Freezes Employee Salaries Amidst Financial Turmoil

Bitmain has taken the step of suspending employee salaries, both performance-based and basic wages, in response to ongoing financial difficulties and setbacks in its mining operations.

Oman launches data hosting and crypto mining centre

This is the second centre to open, and two more are expected in the near future.

Kosovo police seize cryptocurrency mining machines from Serbs

Chinese Authority Charges Mining Firm Bitmain With Tax Violations

Tax authorities penalized Bitmain on April 4 for not paying personal income taxes under China’s tax collection and administration law.

Apple Inc. Finds A Way To Escape From Fake Crypto Wallet Hosting Case

The world's largest tech company by market cap, Apple Inc., managed to get rid of the proposed Class Action Lawsuit for allegedly hosting a spoofed crypto wallet, Toast Plus.

Analysis: Bitmain clearly supports the hopes and difficulties of ETC's revival

Previously, it has been reported in the industry that Bitmain founder Ketuan Zhan intends to support Ethereum Classic.

3K+ Bit Digital hosting partner's crypto miners go offline after explosion and fire

The company said it will be seeking reimbursement for the lost revenue from mining crypto, with operations at Niagara Falls "hoped to resume within a few weeks."

SEC Files Lawsuit Against Operators of 'Unregistered' $33M Crowd Machine ICO

According to the SEC complaint, Crowd Computer's ICO tokens were sold to Americans as "investment contracts," classifying them as securities.