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Category Bit Mining

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China’s BIT Mining expands to Ethiopia with a $14M acquisition of a 51MW facility

China’s BIT Mining expands to Ethiopia with a $14M acquisition of a 51MW facility

BIT Mining, a Chinese Bitcoin mining company, completed a $14.28M deal with Ethiopia on December 3rd to acquire a 51-megawatt facility and 18K mini...
Jan, 08, 2025
4 min read
by CryptoPolitan
SEC and DOJ Strike Crypto Firm With Millions in Penalties Over Corruption

SEC and DOJ Strike Crypto Firm With Millions in Penalties Over Corruption

A crypto mining firm faces a $14 million penalty after admitting to a $2.5 million bribery scheme to secure a Japanese casino contract, which ultim...
Nov, 20, 2024
by Bitcoin News
Bitcoin’s 2024 Forecast: From $60,000 To $500,000, Top Experts Share Bold Predictions

Bitcoin’s 2024 Forecast: From $60,000 To $500,000, Top Experts Share Bold Predictions

As the crypto market marches into 2024, various industry experts and financial analysts have recently cast their respective Bitcoin (BTC) predictio...
Jan, 01, 2024
3 min read
by NewsBTC
Bit Mining Sells Btc.com’s Mining Operations for $5 Million 

Bit Mining Sells Btc.com’s Mining Operations for $5 Million 

On Friday, Bit Mining Limited declared it had sold the mining pool operations of Btc.com to a Hong Kong limited liability company for $5 million. T...
Dec, 30, 2023
2 min read
by Bitcoin News
BIT Mining And Chain Reaction Partner To Create New Bitcoin Mining Systems

BIT Mining And Chain Reaction Partner To Create New Bitcoin Mining Systems

The partnership will leverage Chain Reaction’s ASIC announced at Bitcoin 2023 to further develop systems for miners.
May, 24, 2023
1 min read
by Bitcoin Magazine