ChainCatcher news, New York State Supreme Court Judge Vincent Dinolfo ruled that Greenidge Generation's bitcoin mining facility will continue to operate, overturning the New York State Department of Environmental Conservation (DEC)'s previous decision to deny the renewal of the Title V air permit. The judge noted that the DEC made legal errors in its final decision and acted arbitrarily and capriciously.Greenidge stated that the Climate Act does not authorize DEC officials to unilaterally alter the law or determine the value of working-class jobs. As of the third quarter, Greenidge managed a hash power capacity of 3.1 EH/s, of which 1.3 EH/s is self-owned and 1.8 EH/s comes from hosted power, primarily supplied by its facility located in Dresden, New York.

ChainCatcher news, according to The Block, Twitter co-founder Jack Dorsey's payment company Block (SQ) plans to refocus on building devices for Bitcoin (BTC) miners and its self-custody crypto wallet, with part of the funding coming from abandoning the creation of a new decentralized internet known as "Web5" (established in June 2022) and reducing investment in the music streaming app Tidal.This decision was announced in the same week that Trump won the U.S. presidential election, where he promised to provide a more crypto-friendly environment in the U.S., with Bitcoin mining being one of the industries he pledged to support during his campaign.In addition to a letter to shareholders, Block also released its third-quarter financial results on Thursday. According to FactSet data, the company's revenue was $5.98 billion, below Wall Street analysts' average expectation of $6.24 billion. Subsequently, the company's stock price fell by as much as 10%.

ChainCatcher news, according to Cryptonews, a Bitcoin mining scam gang in South Korea was caught by the police after mistakenly targeting a detective as part of their "high-yield investment crypto scam." In April this year, a detective from the Gyeonggi Southern Provincial Police's Mobile Crime Investigation Unit received a scam call from the gang and pretended to fall for the scam, providing bank account information and other details to assist in the investigation. The police subsequently tracked down the organization's "headquarters" located in Incheon using this information.A total of 81 people were arrested in this operation, including individuals suspected of purchasing leaked personal data. The police pointed out that the gang also used fake SIM cards to carry out the scams. On November 6, the Mobile Crime Investigation Unit announced the detention of 9 individuals, including the gang's "leader," while the remaining 7 were granted bail after being charged with similar offenses.

ChainCatcher news, Bitcoin mining company BitFuFu reported that total revenue for the third quarter of 2024 increased by 47.5% compared to last year, reaching $90.3 million. Among this, revenue from cloud mining solutions was $68.9 million, accounting for 76.3% of total revenue, a 51.4% increase from $45.5 million in the same period of 2023; revenue from Bitcoin self-mining operations was $20.5 million, accounting for 22.7% of total revenue, a 40.4% increase from $14.6 million in the same period of 2023. As of September 30, 2024, the total balance of cash, cash equivalents, and digital assets was $142.7 million.

ChainCatcher news, according to official sources, Bitcoin mining company Cathedra Bitcoin Inc. has announced that it has powered up the last 15 megawatts of capacity for its Bitcoin mining data center in North Dakota, marking the completion of the entire 60 megawatt facility, with Cathedra being a 25% partner in the facility.With the completion of the North Dakota facility, Cathedra now owns and manages Bitcoin mining data center capacities of 45 and 95 megawatts across six locations in the United States. As of the time of publication, the company holds approximately 44 BTC, valued at around 3 million dollars.

ChainCatcher news, according to CloverPool data, the Bitcoin mining difficulty has undergone an adjustment at block height 868,896 (today at 6:28:08), increasing by 6.24% to 101.65 T, setting a new historical high. Currently, the average hash rate across the network for the past seven days is 720.11 EH/s.

ChainCatcher news, according to official news, Bitcoin mining company Riot Platform disclosed that its Bitcoin mining output in October was 505 BTC, representing a 23% increase compared to September. At the same time, it has increased its deployed hash rate to 29.4 EH/s. In October, Riot Platform's average daily Bitcoin output was 16.8 BTC, and its current holdings are approximately 10,928 BTC.

ChainCatcher news, Bitcoin mining company MARA (formerly Marathon Digital) disclosed in its official blog that in October, the company's hash rate increased to 40.2 EH/s, a 14% increase from September. Although the block production slightly decreased month-over-month, due to the global hash rate increase and the subsequent rise in difficulty levels, BTC production grew by 2%, reaching 717 BTC.As of October 31, 2024, the company holds a total of 27,562 BTC, including 4,499 BTC that are restricted.

ChainCatcher news, according to Bitcoin Magazine's disclosure on the X platform, one of Europe's largest telecommunications companies, Deutsche Telekom, will begin utilizing surplus energy for Bitcoin mining.

ChainCatcher message, the Solana mining project ORE officially announced the upgrade to Steel v2 on X. According to the GitHub documentation, Steel is a new Solana smart contract framework that provides helper functions, macros, and a library of code patterns for building secure and maintainable smart contracts on the Solana blockchain.In addition, the upgrade window from v1 to v2 has now closed, with over 75% of eligible tokens choosing to upgrade, which the officials consider a sign of the successful hard fork.

ChainCatcher news reports that Russia's comprehensive cryptocurrency mining regulations came into effect on November 1, imposing strict energy limits, mandatory registration, and rigorous oversight to reform the industry. The law officially defines mining as a legal activity in Russia, stipulating safety and operational requirements for miners and creating a framework for trading digital financial assets on specially approved platforms. This framework aims to provide clarity and oversight for Russia's growing cryptocurrency industry, in the face of increasing energy demands and concerns over illegal mining activities.Under the new regulations, only registered organizations and individual entrepreneurs can legally engage in cryptocurrency mining. However, individual Russian citizens who are not formally registered as entrepreneurs can also mine, but with a monthly electricity consumption limit of 6,000 kWh. If they exceed this limit, they will need to register as entrepreneurs to continue their mining activities. This approach ensures that smaller individual mining operations remain viable while imposing stricter requirements on larger, potentially commercial operations.The regulations also establish detailed reporting obligations for miners, requiring them to disclose the total amount of digital currency mined to the Federal Tax Service (FTS) and provide address identifiers for each transaction. This information will be accessible only to law enforcement agencies, ensuring a degree of privacy protection while enabling oversight. Additionally, miners must ensure that their operations meet standards of reliability, safety, and power stability to mitigate risks to the local power grid.

ChainCatcher news, according to a post by Cointelegraph on the X platform, data shows that this week, U.S. Bitcoin ETFs purchased Bitcoin worth $2,274,720,000, but this week's mining output was only 3,150 BTC, indicating that demand exceeded supply.

ChainCatcher news, according to Cointelegraph, cryptocurrency mining company Bitfarms CEO Ben Gagnon stated that if Trump reduces red tape and increases support and investment in energy and power infrastructure, the U.S. will solidify its position as the most competitive place for Bitcoin mining globally, making it absolutely possible and desirable for the U.S. to become the number one country for Bitcoin mining.However, he acknowledged that due to the decentralized nature of Bitcoin's infrastructure, it is impossible for the remaining Bitcoin mining to be concentrated in one country, making it impossible for 100% of Bitcoin to be mined in the U.S. or any other single country, which fundamentally contradicts the core principles of Bitcoin's creator, Satoshi Nakamoto.

ChainCatcher news, according to Coindesk, a new academic paper published by the crypto research firm Exponential Science indicates that a complete ban on Bitcoin mining in certain jurisdictions could actually lead to an increase in the overall carbon emissions of the industry, as affected miners may relocate to new areas that rely on fossil fuel-based grids. Bans in the U.S. and Europe typically worsen the situation, while the ban in Kazakhstan has a positive impact on emissions.

ChainCatcher news, according to CoinDesk, JPMorgan Chase (JPM) stated in a research report on Friday that Bitcoin (BTC) daily mining revenue and gross profit have declined for the fourth consecutive month in October.JPMorgan estimates that the gross profit from Bitcoin's daily block rewards in October decreased by 2%, reaching the "lowest level on record." On the positive side, transaction fees surged to 60% of block rewards by the end of the month, providing some relief for hash prices.

ChainCatcher news, according to Bitcoin Magazine, the Central Bank of Argentina held a live Bitcoin mining exhibition.

ChainCatcher news, Bitcoin mining hosting and cloud service company Applied Digital plans to raise $375 million through a private placement of convertible notes. The notes have an annual interest rate of 2.75% and will mature in 2030, with initial purchasers also able to buy an additional $75 million. The company plans to use part of the funds for capped options trading to hedge against shareholder dilution risk and to invest approximately $84 million in stock buybacks.Applied Digital does not directly participate in Bitcoin mining but provides data center hosting services for other companies. Its latest quarterly report shows that out of $60.7 million in revenue, $34.8 million came from Bitcoin mining hosting services, while the remaining 43% came from cloud services.

ChainCatcher news, according to Cointelegraph, Bitcoin mining company CleanSpark has announced the completion of its acquisition of the U.S. infrastructure company GRIID.CleanSpark CEO Zach Bradford stated in an announcement on October 31 that he is pleased to announce that the company has completed the acquisition of GRIID Infrastructure following shareholder approval, describing it as a "strategic move that enables us to enhance our Bitcoin mining capacity in Tennessee." He also added that this acquisition will allow CleanSpark to build over 400 megawatts of capacity in the coming years.

ChainCatcher news, the U.S. District Court for the Central District of California has dismissed a fraud lawsuit filed by two former executives against the Bitcoin mining and data center operator Northern Data. According to court records, the case was terminated earlier this month after plaintiffs Joshua Porter and Gulsen Kama voluntarily withdrew their claims. Porter and Kama previously served as the Chief Operating Officer and Chief Financial Officer of the company's U.S. division, respectively.In the lawsuit filed in April, the two accused Northern Data of falsely exaggerating its financial condition and allegedly evading tens of millions of dollars in taxes.Additionally, Northern Data recently announced that it is considering divesting its Bitcoin mining subsidiary Peaking Mining to focus on artificial intelligence and cloud computing businesses.Previous news, Tether-backed Northern Data was accused of fraudulent activities by two former executives.