ChainCatcher news, according to Cointelegraph, in the context of energy shortages and budget negotiations, the International Monetary Fund (IMF) has questioned Pakistan's plan to allocate 2,000 megawatts of electricity for Bitcoin mining, which was announced last week to attract independent miners, blockchain companies, and artificial intelligence firms to Pakistan. The IMF has now requested the Pakistani Ministry of Finance to urgently clarify the legality of cryptocurrency mining and the issue of electricity allocation, especially given the country's long-standing energy shortages and fiscal pressures.It is reported that the Pakistani government did not consult the IMF before announcing this decision. Additionally, the IMF has expressed concerns about the potential impact of cryptocurrency on electricity prices and resource allocation in Pakistan, and it is expected that the two parties will arrange a separate meeting to specifically discuss this Bitcoin electricity plan.

ChainCatcher news, Layer2 network Kinto announced on social media that it has launched a mining program, which will allocate 2% of the supply this summer. Active users who deposit funds and application developers who receive those funds through contracts will be rewarded.

ChainCatcher news, Layer 2 network Kinto announced the official launch of its mining plan on X, which will allocate up to 33% of the token supply over a period of 10 years. Rewards will gradually decrease over time, calculated off-chain, and distributed on-chain weekly, starting from July 8.The mining plan will reward asset deployers and developers; the longer and more capital is deployed, the more Kinto tokens will be earned.Additionally, Engen founding participants holding ENGEN tokens can receive a reward of 15-20%; using specific protocols can earn extra rewards, such as a 5% bonus for wUSDM from the Mountain Protocol.

ChainCatcher news, Tether CEO Paolo Ardoino stated at Paris Blockchain Week that Tether has set up a factory in Latin America and will enter the Bitcoin mining sector. We are initially focused on building renewable energy stations, and the $500 million investment in this industry is nearing completion. This capital investment has funded the construction of mining facilities and energy stations in Uruguay, Paraguay, and El Salvador.

ChainCatcher news, Bitcoin mining company Stronghold Digital Mining announced that it has signed a securities purchase agreement with institutional investors and company Chairman and CEO Greg Beard to sell 9 million shares of Class A common stock and stock equivalents to institutional investors, as well as to grant Beard 1 million shares of Class A common stock, at a price of $1 per share in each case. The company will also issue warrants to purchase a total of 10 million shares of Class A common stock to the purchasers, with an initial exercise price of $1.10 per share (subject to adjustment), and such warrants may not be exercised for six months following the issuance. Before deducting issuance costs, the total proceeds from the private placement are expected to be $10 million, which is anticipated to be used to acquire more Bitcoin mining machines. The private placement is expected to close on April 21, 2023. (source link)