• Bitcoin bull run fuels Chinese crypto
    Cryptocurrencies,  Technology

    Bitcoin bull run fuels crypto investments across China: Report

    China’s investors are so eager to pour capital into projects that a local VC investor said ‘every good-quality funding is oversubscribed within a week’

    Chinese cryptocurrency mining hardware producer Ebang conducted two fundraising rounds in February alone, raking in $170 million, even after a previous offering in November, which followed its Nasdaq listing in June. “Ebang’s growth story is very attractive to institutional investors,” said Guo Yi, COO of Univest Securities. "Fundraising by all industry players is getting busier thanks to the Bitcoin bull.”

  • Cheap green power brings crypto mining Texas
    Bitcoin,  Cryptocurrencies,  Technology

    Cheap, green power brings crypto mining to West Texas

    Argo Blockchain’s land purchase today gives it access to 800-megawatts of electrical power, the majority of it renewable

    Argo plans to establish a 200-megawatt mining facility on the Texas site within 12 months. Argo Blockchain CEO Peter Wall said the deal "not only gives us greater control over our mining operations but also the ability to meaningfully expand our mining capacity on a large scale. We now have access to some of what we believe is the cheapest renewable energy worldwide, in a location where innovation in new technologies is encouraged and incentivized.”

  • chipmaker chokes off crypto miners
    Cryptocurrencies,  Technology

    Top chipmaker chokes off crypto miners

    Taiwan’s TSMC is limiting the number of chips it will supply to mining hardware producers because of extreme swings in demand

    Bitmain was reportedly one of TSMC’s main customers two years ago, but then cut its orders significantly when the crypto bear market started. Now, TSMC is met with high demand for silicon to be used in cryptocurrency mining operations again, due to the ongoing crypto asset bull market. Still, the silicon manufacturer is said to be prioritizing stable demand from smartphone makers over crypto mining hardware manufacturers.

  • EDF Hedera carbon neutral
    Cryptocurrencies,  Technology

    Seeking carbon neutrality, French utility giant EDF turns to Hedera

    The power company plans to use the Hedera Hashgraph blockchain to deploy a tokenized carbon offset and credit system, joining its governing council as a network node operator

    EDF, the second largest power company worldwide, plans to use Hedera’s blockchain network in an attempt to achieve carbon neutrality by 2050. Gilles Deleuze, principal researcher for systems risk assessment at the firm’s research and development department, said that the network will be used to develop greenhouse gas certificates and decentralized electricity systems