Latest News for: Paraguay mining

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Brazil's PCC Complicates Fight Against Illegal Mining in Amazon

InSight Crime 26 May 2023
Brazil's foremost criminal group, the PCC, is providing a range of support to illegal gold miners in the Amazon, hindering government efforts to uproot wildcat mining and contributing to further violence against the Indigenous Yanomami community ... Dino said at a May 18 press conference that the PCC is acting like an “illegal mining union.".
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Bitcoin Miner Bit Digital Adds Machines in Iceland Before Possible U.S. Tax Crackdown

Live Mint 18 May 2023
In a March paper, the Treasury Department proposed that firms mining digital assets should pay tax equal to 30% of their costs of electricity.The tax proposal comes alongside a broader government crackdown on digital-asset companies after the collapse of crypto exchange FTX.
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Massive Bitcoin mining rig theft in Paraguay: DAS makes breakthrough arrest

Cryptopolitan 16 May 2023
The Anti-Kidnapping Department (DAS) conducted a recent raid in Paraguay, a landlocked country in South America ... The police are still working to recover the remaining 192 stolen mining rigs ... The Paraguay government’s efforts to persuade the country’s president to authorize BTC mining have faced significant resistance.
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Saudi DM of Industry receives Paraguay's Trade minister

Urdu Point 16 May 2023
The meeting discussed enhancing means of cooperation between Saudi Arabia and Paraguay.
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Bitfarms announces expansion as hashrate touches new high

Cryptopolitan 29 Apr 2023
Bitfarms, a leading Bitcoin mining company, has a significant milestone in its operations by hitting a new hashrate high of 5 exahash per second (EH/s), equivalent to 5 quintillion hashes per second ... The company’s mining facilities span across Canada, the U.S., Paraguay, and Argentina.
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Bitfarms Achieves Hashrate All Time High of 5.0 EH/s

Enid News & Eagle 28 Apr 2023
BITF), a global vertically integrated Bitcoin mining company, reached 5 EH/s of production on April 27, 2023 ... bitcoin mined while increasing top line revenue ... Bitfarms has 10 mining facilities which are located in four countries. Canada, the United States, Paraguay, and Argentina.
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Bitfarms to Participate in the Ladenburg Thalmann Technology Expo 2023

Eagle-Tribune 12 Apr 2023
(NASDAQ. BITF // TSX ... Webcast ... Bitfarms runs vertically integrated mining operations with in-house management and company-owned electrical engineering, installation service, and onsite technical repair ... Bitfarms has 10 mining facilities around the world, which are located in four countries. Canada, the United States, Paraguay, and Argentina ... Website ... .
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Bitfarms Enters Agreements to Acquire 22 Megawatts ofHydro Power Capacity in Baie-Comeau, Quebec

Enid News & Eagle 11 Apr 2023
BITF) Bitcoin mining company. Bitfarms runs vertically integrated mining operations with in-house management and company-owned electrical engineering, installation service, and onsite technical repair ... Bitfarms has 10 mining facilities around the world, which are housed in four countries. Canada, the United States, Paraguay, and Argentina.
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Russia Now World’s Second Biggest Crypto Mining Nation – Report

NewsBTC 10 Apr 2023
According to this report, data from Russia’s biggest mining company, BitRiver, shows that the Russian Federation attained a mining power of 1 gigawatt (GW) during the first quarter of 2023 to displace the Republic of Kazakhstan from its position. As expected, the United States still remains the largest crypto-mining nation with a capacity of 3-4 GW.
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Bitfarms Q1 Bitcoin production rose 35% to 1,297 BTC YOY

Cryptoslate 03 Apr 2023
Bitcoin (BTC) mining firm Bitfarms said its BTC production increased 35% to 1,297 BTC in the first quarter of the year compared to what it produced during the same period last year ... “13.7 BTC mined daily on average, equivalent to about $390,000 per day and approximately $12.1 million for the month.”.
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Paraguay weighs natural gas drilling in Médanos del Chaco National Park

Mongabay 23 Mar 2023
Paraguay is considering opening up mining and natural gas drilling in one of its national parks in the Gran Chaco, despite widespread outcry that development could compromise the fragile savannah ecosystem ... “There’s going to be exploitation ... “It also leaves the door open for other companies to come in.
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Bitfarms Reports Fourth Quarter and Full Year 2022 Results

Eagle-Tribune 21 Mar 2023
Q4 2022 and Recent 2023 Operating HighlightsReached 4.7 EH/s online in early 2023.Surpassed 20,000 BTC mined with renewable hydropower since 2017 founding.Completed construction of the first 50 MW warehouse in Rio Cuarto, Argentina.In Sherbrooke, Quebec.Completed the Garlock ...
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Paraguay to Become Top Bitcoin Mining Hub in Latam According to Insight Group

Bitcoin 22 Feb 2023
Paraguay, one of the smallest countries in Latam, has the conditions needed to become the next Bitcoin mining hub in the region, according to mining insight group Hashrate Index ... Paraguay Has All the Elements to Become a Bitcoin Mining Power in Latam, According to Insight Group.
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Paraguay could be the next big thing in Bitcoin mining despite political opposition

Cryptopolitan 22 Feb 2023
Paraguay, a country relatively unknown for its connections to cryptocurrency, is now beingas a top destination in Latin America for Bitcoin miners ... As such, Paraguay may soon become a crypto powerhouse in Latin America ... According to Hashrate Index, there are two major disadvantages to choosing Paraguay as a bitcoin mining destination.
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Future Fintech Group Opens Paraguay-Based Crypto Mining Farm

LB News 07 Feb 2023
Future Fintech Group Gives Way to Paraguay Crypto Mining Facility ... I am very pleased that our FTFT Paraguay cryptocurrency mining farm has successfully deployed its first batch of mining machines ... One of the big clinchers of the mining facility – and of crypto mining in Paraguay – is that hydroelectricity is used to power the machines.

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