News
Bitcoin mining meltdown? Why IREN's real future is in AI, according to Bernstein
2+ hour, 11+ min ago (386+ words) Artificial intelligence is the real opportunity for Bitcoin miners, analysts say. IREN's future now rests on transforming into a hyperscale AI cloud operator, rather than mining Bitcoin as it had done in the past, according to wealth management firm Bernstein....
Russian Energy Ministry rubbishes claims it is poised to ban crypto mining in Moscow
2+ week, 4+ day ago (400+ words) The Russian Energy Ministry has no plans to ban crypto mining in Moscow and the surrounding area, despite recent calls for a ban from city authorities. Top Moscow officials have not yet asked the ministry for a ban, said Andrey…...
Engineers use AI to hunt Bitcoin miners as Russian ex-presidential hopeful's son caught in crossfire
5+ mon, 13+ hour ago (507+ words) Russian power providers have a new weapon in their arsenal to stop illegal Bitcoin miners from stealing over $16. 6 million worth of electricity per year: artificial intelligence. That's according to Boris Ebzeev, the head of Rosseti, Russia's state-owned electrical power company,…...
How Paraguay is using outlaw mining rigs to stack Bitcoin
1+ mon, 3+ week ago (414+ words) Paraguay was previously seen as a hotspot for Bitcoin mining with its cheap energy and lax taxes. But after amateur operations flooded the country, stole electricity and in turn attracted negative press, the nation clamped down on crypto cowboys. Now,…...