Latest news with #cryptoMining
Crypto Insight
a day ago
- Business
- Crypto Insight
Norway's government explores crypto mining ban amid energy supply concerns
The government of Norway is considering a temporary ban on crypto mining in the country in an effort to 'free up power, network capacity and area for other purposes.' In a Friday notice, the Norwegian government said it would be conducting an investigation in autumn that could result in a temporary ban on crypto mining data centers. Officials said they had the authority to enforce such a ban under Norway's Planning and Building Act, which includes provisions on allocating energy. 'It is uncertain how big a problem crypto mining will become in Norway in the future,' the notice reads. 'The registration requirement in the new data center regulations will provide increased knowledge about the scope of data centers that mine cryptocurrency.' Like many countries in Europe, Norway's residents have faced increasing costs on electricity amid Russia's war with Ukraine and sanctions impacting the region's supply of oil and gas. Locals in Norway have previously petitioned for crypto mining operations to shut down over noise concerns. Mining bans proposed in response to environmental concerns, noise Norway would not be the first country to consider a ban on cryptocurrency mining. In January, Russia began imposing a ban in 10 regions as part of efforts to limit blackouts and reduce energy consumption. China, which had been one of the most significant sources of crypto mining before 2021, faced a blanket ban, which drove many operations to US states like Texas. Though lawmakers in the US government have spoken out against mining due to concerns over energy use, the practice is still legal in most jurisdictions and states, making the country one of the biggest contributors to the global Bitcoin hashrate. Source:
Yahoo
2 days ago
- Business
- Yahoo
HashFly Cloud Mining Helps Users Tap Into Daily Crypto Earnings Without Complexity
HashFly is making crypto mining easier than ever. By removing technical barriers and lowering entry costs, HashFly allows users to earn daily crypto income—no hardware or experience needed. Dover, Delaware, June 20, 2025 (GLOBE NEWSWIRE) -- In 2025, HashFly is making crypto mining easier than ever. By removing technical barriers and lowering entry costs, HashFly allows users to earn daily crypto income—no hardware or experience needed. As the cryptocurrency landscape evolves in 2025, HashFly is at the forefront of simplifying digital asset mining through its next-generation cloud mining platform. By removing technical barriers and minimizing entry costs, HashFly enables users worldwide to earn daily crypto income—without needing any hardware, coding skills, or blockchain expertise. Founded in 2013, HashFly has grown into one of the most trusted names in the cloud mining industry. Its platform allows anyone—from complete beginners to seasoned investors—to participate in Bitcoin (BTC) and Dogecoin (DOGE) mining through fully managed, legally compliant contracts. With prices starting at just $200, users can begin earning passive income in crypto immediately. 'Our mission at HashFly is to make crypto mining truly accessible,' said a spokesperson for HashFly. 'We've designed our platform to eliminate complexity. Users simply choose a mining contract, fund their account, and receive daily payouts—no setup or maintenance required.' Key Benefits of : Daily Crypto Earnings: Users receive automatic daily payouts in BTC or DOGE. Low Start-Up Cost: Contracts begin at $200, allowing anyone to participate. No Hardware or Technical Skills Needed: 100% cloud-based mining managed by HashFly. Transparent Pricing: No hidden fees—users always know what they're paying for. Global Accessibility: Available to users in over 100 countries. Referral Program: Users earn bonuses for inviting friends to the platform. HashFly's Bitcoin and Dogecoin mining contracts typically generate estimated daily returns of 3–5%, depending on market conditions and contract size. The company has built a strong reputation for operational transparency, responsive customer service, and consistent payout performance—especially in regions where mining would otherwise be cost-prohibitive. As part of its 2025 roadmap, HashFly is also expanding its green mining infrastructure, leveraging renewable energy and AI-driven optimization to increase efficiency while reducing environmental impact. About HashFly HashFly is a leading cloud mining platform offering secure, compliant, and beginner-friendly access to cryptocurrency mining. Since its launch in 2013, HashFly has helped tens of thousands of users around the world earn crypto income without owning or managing mining equipment. To learn more or start mining today, visit: Disclaimer:The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. CONTACT: Name: Scott Joseph Email: info@ Job Title: directorError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
26-05-2025
- Business
- Reuters
XY Miners Launches Renewable Energy-Powered Cloud Mining Model, Aiming to Become the World's First Carbon-Neutral Crypto Mining Platform
LONDON, United Kingdom, May 23, 2025 (EZ Newswire) -- XY Miners, opens new tab, a leading global cloud mining platform, today announced the launch of its next-generation mining infrastructure powered entirely by renewable energy. This major milestone positions XY Miners as a pioneer in building the first fully carbon-neutral crypto mining ecosystem, integrating environmental responsibility with digital asset innovation. The company's mining operations now run entirely on solar, hydro, and wind power across data centers located in energy-stable regions including Northern Europe, Southeast Asia, and Canada. This sustainable shift enables users worldwide to participate in crypto mining with zero hardware setup, reduced costs, and no environmental compromise. 'Sustainable innovation is not optional — it's a necessity,' said Ewen Emmerson, CEO of XY Miners. 'We're committed to building a mining platform that is transparent, legally compliant, and environmentally responsible.' Get Started with XY Miners Getting started with XY Miners is easy — just follow these steps: XY Miners Core Advantages Core advantages of XY Miners platform include: A Sustainable Path for Crypto Mining According to data from the International Energy Agency (IEA), traditional crypto mining consumes more electricity annually than many small nations. XY Miners is addressing this challenge head-on by aligning its operations with ESG principles. 'Crypto mining must evolve to support both growth and sustainability,' added David Brian Pegler, Global Strategy Director at XY Miners. 'We believe that profitability and environmental responsibility are not mutually exclusive—they are the future of this industry.' About XY Miners XY Miners is a London-based cloud mining platform focused on delivering secure, sustainable, and user-friendly crypto mining services to global investors. By integrating renewable energy infrastructure and automation, the company is redefining how digital assets are mined in the era of green finance. For more information, visit The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involve risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Media Contact David Brian ### SOURCE: XY Miners Copyright 2025 EZ Newswire See release on EZ Newswire
WIRED
23-05-2025
- Business
- WIRED
Kentucky's Bitcoin Boom Has Gone Bust
May 23, 2025 7:00 AM In the US state's coal country, crypto mining was supposed to bring renewal. Now mines are powering down, and investors are hoping AI-powered data centers will fill the void. Photo-Illustration:If you drive outside the city of Campton, population less than 400, the low industrial noise of crypto mining rises from the trees. Step closer, and the source comes into view: squat metal buildings that look like shipping containers arrayed in a semicircle, thrumming with fans and processors. There's chain-link fencing, security cameras, and two guards sitting in pickup trucks just beyond the wire. There are steel shipping containers like this all over these hills, right where the old coal mines once stood. And inside, specialized computers race to solve complex math problems—competing to verify bitcoin transactions and earn slivers of digital currency as a reward. For a brief moment, in 2021, it felt like the region had found its next boom—and it had Bitcoin written all over it. At its peak, Kentucky accounted for some 20 percent of the collective computing power dedicated to proof-of-work cryptocurrency mining in the US. But booms, here, have a history. And so do busts. Local officials say it is hard to pin down the exact number of crypto mines still active in eastern Kentucky because state regulations are light and there's a general lack of transparency in the industry. But what is clear, locals say, is that the boom has begun to recede. ' They'd constructed on someone else's land, or they would be paying a host company to provide the physical plant,' alleges Anna Whites, a lawyer who represented a roster of crypto mining clients. 'So they'd pay the down payment or they would convince the landowner to pay the down payment, and then they would mine the first three months and then they'd go into the next billing set cycle, go almost to the end of it and then disappear.' In early 2022, when Mohawk Energy initiated a crypto mining project in Jenkins, Kentucky, local officials said this time it would be different. Cofounded by Kentucky senator Brandon Smith, Mohawk purchased a sprawling 41,000-square-foot building and the 8 acres around it. It leased most of it to a Chinese crypto mining company, and the rest of the building included classrooms and hands-on training centers that were supposed to teach locals how to repair iPads, maintain Bitcoin rigs, and build skills for a digital economy. It was a big deal for Jenkins. A local PBS station ran a story about the launch. The images showed tool kits, workers, and smiling officials. 'The plan with Mohawk was to employ retired coal miners and disabled veterans who were back in eastern Kentucky and couldn't find work, and train them,' said Whites, who counts Mohawk as one of her clients. Among other things, the project promised near-six-figure salaries and a vow to put some of the mining proceeds into the training program, to help grow it. And for a time, it worked. Whites said that for a brief moment—about 18 months—things looked promising. Twenty-eight families saw real gains: One person from each family landed a permanent job, and about 30 more relatives found work nearby. But when we asked where things stood now, she paused. 'I believe most of them are unemployed again.' The unraveling came quickly. The Chinese partner sued for breach of contract. Mohawk counter-sued. And the shared crypto profits never materialized. Now, as some Kentucky residents have soured on bitcoin mining, they've started to speak about AI data centers in the same way they used to talk about coal seams and hash rates: with a kind of cautious hope. AI, they say, could bring jobs, fiber optics, and permanence. Colby Kirk runs a nonprofit called One East Kentucky, focused on bringing economic development to the region. He remembers the moment the conversation shifted, back in April when he was in Paducah for the Kentucky Association for Economic Development's spring conference. 'They had some site selection consultants that were on the panel, and they were talking about data centers,' he recalls. 'And they talked about this I-81 corridor up through Pennsylvania where there's all kinds of these big data centers. And they talked about whether our communities could prepare for some of these kinds of investments? And the consultant was like, here's kind of what it takes.' What it takes, it turns out, is no small feat: flat land, lots of power, fiber connectivity, and a workforce that can wire and weld. As fate would have it, the number of welders in the area, according to regional economic development organization One East Kentucky, is about twice the national average, which stands to reason, because wherever there's metal and stress—and there's a lot of both in coal mines—welders are the people who keep it all from falling apart. The old infrastructure is still there too; substations, hardened ground, cooling systems, and power-hungry hardware just waiting to be switched back on. 'Maybe a data center or something is a part of the puzzle,' Kirk said. So, at the conference, when the panel ended and the floor opened to questions, Kirk says he asked the one he couldn't stop thinking about. 'You know, 50, 60 years ago it would take a room bigger than my office to power a computer, and now I've got a computer I carry around in my pocket that's more advanced than what we sent astronauts to the moon with,' he recalls asking. 'Are these data centers going to keep taking up million-square-feet buildings with 30- and 40-foot ceilings, or are we gonna be left with an abundance of warehouse or industrial-scale buildings that we won't be able to keep up?' The consultant, he claims, didn't have a good answer. 'And that's the thing,' Kirk says. 'We don't know what the future's going to hold when it comes to this stuff.' That kind of ambiguity doesn't sit well with Nina McCoy. She's a former high school biology teacher from Inez, a coal town made famous in 1964 when President Lyndon Johnson used it to generate support for his War on Poverty. 'This is going to sound awful,' she says, 'but if they're putting it here, then that means it's bad. We've lived here long enough to see that that is how it works. You put those things that you don't want in your neighborhood in a place like this.' Her skepticism is rooted in lived experience: In October 2000, a massive coal slurry spill from a mine site upstream poisoned the Coldwater Fork stream, which runs behind her house. People in Inez couldn't drink water from the tap for months. 'Those of us living downstream didn't hear about it for a while, but the school system had to close down for about a week until they got an alternate water source,' she says. To this day, many in Inez still don't trust the tap water. So when McCoy hears the hype about AI, she hears something else: another promise that comes with a cost. 'We've allowed these people to be called job creators,' she said. 'And I don't care if it's AI or crypto or whatever, we bow down to them and let them tell us what they are going to do to our community because they are job creators. They're not job creators, they're profit makers.' And the profit leaves a footprint. AI data centers demand staggering amounts of energy—a ChatGPT search uses up to 10 times more energy than a regular Google one—and they run hot. To keep them cool, these facilities consume billions of gallons of water every year. Most of that evaporates, but residents are wary because they have had problems with facilities and their runoff in the past, so they worry these new facilities could affect fish and disrupt the land. The very things the residents of Kentucky hope to preserve. Still, some locals see potential, even progress. 'AI is in everything that we do,' said Wes Hamilton, a local entrepreneur who did his fair share of crypto mining in Kentucky in its heyday. 'Siri, ChatGPT, robotics—everything you can imagine has to have AI,' he said. 'Bitcoin is a one-trick pony. You create it. The only person that gets paid is the owner of the machines.' Hamilton claims there is a path forward where data centers bring in investors, engineers, maybe even companies willing to stay. All the AI people in the world would be steaming into Kentucky, Hamilton says. And while he admits to losing a fortune in crypto ventures in the past, he claims this is different. When Bitcoin first arrived, lawmakers offered generous tax breaks to lure miners. Companies investing more than $1 million were exempted from paying sales taxes on hardware and electricity. And then, in March 2025, Kentucky governor Andy Beshear took all that and went a step further by signing a 'Bitcoin Rights' bill into law. The legislation, cast as a defense of personal financial freedom, is designed to enshrine the right to use digital assets in Kentucky. An earlier draft went further, aiming to bar local governments from using zoning laws to restrict crypto mining operations—a provision that drew resistance from environmental groups. That language was eventually tempered, but the intent remains: to signal that, in Kentucky, digital extraction can keep humming. Which is why we found ourselves outside this facility in Campton, staring at this semicircle of metal buildings nestled in the trees. The mines run all night and all day, even Sundays. And the question some are asking now, with bitcoin hovering around $100,000 and big miners talking about pivoting to AI, is whether bitcoin mining gets a second wind in Kentucky. Mohawk's bitcoin mining may even make a comeback. Anna Whites said the parties are supposed to go into arbitration May 12th. 'I'm hopeful,' she told us. 'I'm very hopeful that they sit down and say, 'Mighty nice plant you have there. Let's just go ahead and turn it on.''
Associated Press
12-05-2025
- Business
- Associated Press
T-REX Acquisition Corp. Announces Uplisting to OTCQB Venture Market Trading
Plantation, Fla., May 12, 2025 (GLOBE NEWSWIRE) -- T-REX Acquisition Corp. (OTCQB: TRXA), a growth stage, multi-tiered, vertically integrated crypto-mining business, is pleased to announce that the OTC Markets Group has approved the quotation of its common stock shares on the OTCQB ('OTCQB'). The Company's common shares began trading on OTCQB Venture Market under the symbol 'TRXA' as of the opening of the market on May 12, 2025. Uplisting to the OTCQB will potentially provide T-REX with greater liquidity and a more seamless trading experience for shareholders. Frank Horkey, T-REX Acquisition Corp.'s President said: 'While T-REX Acquisition Corp. has been trading on the OTC Pink Sheets the last few years, this uplisting to the higher-standard OTCQB Venture Market is an important milestone for our Company and its Shareholders. We believe this will enhance the visibility and transparency of T-REX within the investment community, improve our access to institutional capital, and create a more efficient market for investors. Coupled with our recent acquisitions, new business verticals, and management additions, I believe T-REX has uniquely positioned itself to capitalize on the ever-growing crypto mining market.' T-REX Acquisition Corp. (OTCQB: TRXA) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies. Companies are current in their reporting and undergo an annual verification and management certification process. Investors can find Real-Time quotes and market information for the company on CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS The information contained in this publication does not constitute an offer to sell or solicit an offer to buy securities of T-Rex Acquisition Corp. (the 'Company'). This publication contains forward-looking statements, which are not guarantees of future performance and may involve subjective judgment and analysis. The information provided herein is believed to be accurate and reliable, however the Company makes no representations or warranties, expressed or implied, as to its accuracy or completeness. The Company has no obligation to provide the recipient with additional updated information. No information in this publication should be interpreted as any indication whatsoever of the Company's future revenues, results of operations, or stock price. Contact Information [email protected] 954 960 7100
