Latest News for: Paraguay mining


Paraguayan Bitcoin Mining Companies Hurt by Power Rate Hikes of Over 50%

Bitcoin 27 Jan 2023
According to reports from Braiins Mining business developer Nano Grijalba, after the veto of the crypto law, the change in power fees makes mining hosting an unprofitable business in Paraguay ... Paraguay’s decision to increase fees for bitcoin mining, a clean industry, while attracting high-emissions industries with low fees, is questionable.

Future FinTech Announces Paraguayan Cryptocurrency Mining Farm is Operational

Victoria Advocate 17 Jan 2023
On December 30, 2022, the first batch of Antminer S19 series mining machines hosted by FTFT Paraguay on its mining farm for its customers completed their power-on tests and were officially put into operation ... farm has successfully deployed its first batch of mining machines.

Bitfarms Seeks Modification of Equipment Loan Facility to Align with Market Conditions

Eagle-Tribune 13 Jan 2023
BITF), a global Bitcoin self-mining company, is working to modify and reduce indebtedness at one of its wholly-owned corporate subsidiaries ... On February 18, 2022, Bitfarms’ Backbone Mining Solutions, Inc ... BMS owns and operates the assets of Bitfarms’ 20-megawatt active crypto mining facility in the State of Washington.

Bitfarms to Present at the25th Annual Needham Growth Conference

Eagle-Tribune 04 Jan 2023
BITF), a global Bitcoin self-mining company, announced today that management will be presenting at the 25th Annual Needham Growth Conference on Thursday, January 12th, at 9.30 AM ET.Event ... BITF) Bitcoin self-mining company ... Bitfarms has 10 mining facilities around the world, which are housed in four countries.

Bitfarms Promotes Geoffrey Morphy to Chief Executive Officer

Messenger-Inquirer 29 Dec 2022
BITF), a global Bitcoin self-mining company, promoted President and Chief Operating Officer Geoffrey Morphy to the position of President and Chief Executive Officer effective immediately ... BITF) Bitcoin self-mining company ... Bitfarms has 10 mining facilities in production, which are housed in four countries.

Prefigurative Societies in Movement

Resilience 21 Dec 2022
There were neighbourhood organizations and community groups; people from the south who were fighting a mining project; and the assembly from la Rioja; there were indigenous from Chaco, Paraguay and Brazil who are also fighting against genetically modified soy; there were many from Uruguay and even Central America.

Hebany Group eyes major expansion

Gulf News 20 Dec 2022
After having firmly entrenched itself in the Spanish market Hebany Group is looking for major expansion in MENA region due to huge demands and higher returns ... Elaborating her company specializes in plethora of sectors, she further stated ... We plan to buy mines in Chile, mines in Zambia, and dedicate ourselves to mineral exploration in Paraguay ... .

Bitcoin Miners’ High Hopes for Latin America Dented by Paraguay

CoinDesk 14 Dec 2022
LatAm was touted as a promise land for miners just last month, but a crypto mining-friedly bill in Paraguay was shot down last week ... .

US state offers sweet new deal to crypto miners

Cryptopolitan 12 Dec 2022
The state’s stance on cryptocurrency mining also highlights the State on the map ... Arkansas has long been hospitable to crypto mining companies due to its relatively low power and land prices ... The tariff would exclude data mining companies that usually had the same characteristics but with little inherent risk ... Paraguay is a different case altogether.

Paraguayan Cryptocurrency Law Shelved After Presidential Veto

Bitcoin 09 Dec 2022
The document, which sought to bring order to crypto mining and exchange activities in Paraguay, was ultimately dropped after failing to obtain the votes needed to reject the presidential veto it received ... What do you think about the final destiny of the cryptocurrency and mining law in Paraguay? Tell us in the comments section below.

Optics Are Important, Foreign Emoluments Clause In Focus, Operators Active – Ep. 2942

X22 Report 07 Dec 2022
Watch The X22 Report On Video ... Source. ... PARAGUAY LEGISLATURE FAILS TO PASS BILL REGULATING BITCOIN MINING The country did not pass a bill that would have clarified rules regarding the cost of electricity imposed on bitcoin miners. The Paraguay legislature did not pass a bill that would have regulated cryptocurrency mining in the country.

Paraguay Lawmakers Shelve Hotly Debated 'Crypto Law'

Decrypt 06 Dec 2022
Paraguay’s plans to regulate the crypto mining industry have come to a screeching halt after lawmakers nixed the country’s “Crypto Law” on Monday. The bill, which was set to create a tax and regulatory framework for crypto mining in the country, was yesterday shelved by politicians after months of toing and froing.

Paraguay Legislature Fails To Pass Bill Regulating Bitcoin Mining

Bitcoin Magazine 06 Dec 2022
The country did not pass a bill that would have clarified rules regarding the cost of electricity imposed on bitcoin miners.The Paraguay legislature did not pass a bill that ... Paraguay has become a major location for bitcoin mining as a result of the country’s abundant power.

Paraguay legislature strikes down crypto mining bill

The Block 06 Dec 2022
Paraguay struck down a crypto bill that would cap electricity rates for mining operations ... Speaking to the lower house of Paraguay’s legislature on Monday, Deputy Tito Damián Ibarrola said that the ...

Paraguay Warns About Growth of Illegal Bitcoin Mining Operations and Effect on Power Stability of ...

Bitcoin 31 Oct 2022
The growth of illegal bitcoin mining operations could affect the stability of the power system in Paraguay, according to statements from the National Power Administration ... Paraguay Underground Mining Operations Grow ... Even with this happening, Paraguay is still deemed an attractive destination for bitcoin mining companies.

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