Chinese telecom giant Coolpad has announced a significant investment in Bitcoin mining rigs, earmarked for deployment across North America. This strategic pivot follows Coolpad’s earlier initiative to invest in Bitcoin-centric enterprises, signaling robust confidence in the digital currency’s future. Mining rigs are the workhorses …
In a decisive move to safeguard national security, US President Joe Biden has mandated the relocation of property owned by a Chinese-backed cryptocurrency mining firm, MineOne Partners, situated perilously close to a strategic nuclear missile facility. The President’s directive comes amid escalating concerns over potential …
Cryptocurrency mining has been a topic of controversy for several years due to its high energy consumption and its negative environmental impact. [ez-toc] The White House has recently proposed an excise tax on the electricity used by cryptocurrency mining operations, citing concerns about the environmental …