Tag Archive : Bitcoin mining

Winklevoss Capital, Peter Thiel’s Founders Fund, and Polychain Capital Back Bitcoin Mining as Digital Flare Mitigation Services

Crusoe Energy Systems, which converts natural gas to energy-intensive computing from its Denver base, has landed capital to build a new bitcoin mining facility.

The company plans to install 70 units next year, each having a capacity of about 1 megawatt (MW). Chase Lochmiller, Crusoe CEO, told Bloomberg in an interview on Saturday that Crusoe raised $70 million in fresh capital to fund its projects.

The new capital comes from two rounds, including $30 million in equity funding and $40 million in project financing. Bain Capital Ventures, already an invstor in Crusoe, KCK Group, Peter Thiel’s Founders Fund, Winklevoss Capital, and Polychain Capital took part in the fundraising. New York-based credit fund Upper90 led the $40 million round. Read More

Shipping Containers Housing Bitcoin Mining Equipment Topple During Colorado Gale

Shipping containers housing bitcoin mining machines topped over amid high winds. Those containers, which are stacked four high, fell amid high winds on Nov. 29 and 30.

“As you may know, a wall of shipping containers came crashing down at Bldg 1625 — 3G Venture II — during the high winds of this past Friday and Saturday, 29 & 30 November, 2019,” wrote Graham Becker in an email to officials with the city, Fire Department and Pikes Peak Regional Building Department. “Fortunately, as far as I know, no one was killed or injured. Very fortunate, indeed.” Read More

Chinese Bitcoin Miners Get Reprieve from CCP

China’s National Development and Reform Commission (NDRC) has removed crypto mining activities as an unwanted industry from its Industrial Structure Adjustment Guidance Catalog.

China has long been a mining leader in the crypto industry. As a world leader in computer hardware generally, the country was in a unique position to take lead the way when it came to mining bitcoin and other cryptocurrencies. As in most hardware-intensive industries, the lion’s share of cryptocurrency mining hardware comes from China. Read More

Bitcoin Mining isn’t totally unheard of on Global US Armed Forces Bases




A 30 year old in the US Air Force, stationed in Korea, mines bitcoins in his dorm room.  He mined in the US from his own apartment before being deployed. Read More

Students Are Trying to Mine Bitcoins On College Campuses

“Well, free electricity is free electricity,” says Reddit user 3xist. “I was mining before at home but decided to scale up a little with some power that I didn’t pay for. My roommate did mind, but he was a very considerate guy and didn’t complain – it was taken as my ‘one shitty roommate thing’ in exchange for his equal roommate flaws. There’s no real way to hide the fact that you’re mining in a dorm room, my RA knew (didn’t care), everyone on my floor knew (thought it was vaguely interesting), etc..”  Read More


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