Hive, Iris and OFAC Sanctions

Published: Sat, 08/13/22

August 13, 2022
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Mining Market Update

August 8-12

Mining Memo and the Compass Podcast will be taking the next week off! See you Tuesday, August 23.

July Public Mining Updates: Hive, Iris, Riot and More

Hot weather is not suitable for Bitcoin mining. But miners bore on, implementing new strategies to collect coins this past July.
 

Miners such as Iris Energy (IREN), Argo Blockchain (ARBK) and Riot Blockchain (RIOT) followed through on strategic initiatives to better their performance during what is typically a low season for mining, while other miners took to the capital markets for relief from difficult revenue conditions.

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Foundry Announces Foundry Academy to Train Technicians for Bitcoin Mining Industry

The future of digital asset mining calls for top technical talent. As the premiere training program for professional Mining Technicians, Foundry Academy answers. The next one week course runs September 12-17 in Rochester, NY.

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In The Headlines

CoinDesk  /  Crypto Miner Core Scientific Cuts 10% of Staff, Keeps Hashrate Projection

 

CNBC  /  Ethereum just pulled off its final test run ahead of one of the most important events in crypto

 

CoinDesk  /  Genesis Digital Locks In 708 MW of Energy for Bitcoin Mining

OFAC, Tornado Cash and Bitcoin Miners

The Office for Foreign Assets Control (OFAC) made headlines this week by sanctioning Etheruem smart contract Tornado Cash. Developers, miners and users are now wondering who will be next on OFAC's list.

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