SYDNEY, Australia, Tuesday, April 23, 2024 –  The Australian Securities and Investments Commission (ASIC) has launched legal proceedings against three blockchain mining companies accused of operating without a license and violating financial regulations. ASIC alleges that NGS Crypto, NGS Digital, and NGS Group promoted blockchain mining packages with fixed-rate returns to Australian investors, potentially leading […]

Catenaa, Saturday, March 22, 2025-Bitfarms has completed its acquisition of Stronghold Digital in a stock-for-stock merger, further enhancing its footprint in the US. The deal, valued at $175 million when announced last August, positions Bitfarms to increase its mining capacity and operational capabilities. The transaction closed on Monday, with Stronghold shareholders receiving 2.52 Bitfarms shares […]

Catenaa, Thursday, February 20 – A powerful blast in Bandar Puncak Alam city has exposed an illegal Bitcoin mining operation, adding to Malaysia’s growing issues with cryptocurrency-related power theft. The explosion, which occurred last Tuesday at around 11:41 a.m., led to a fire that was extinguished by 4:45 p.m., revealing a sophisticated setup of nine […]

Catenaa, Saturday, March 01, 2025-Russia power grid operator Rosseti Group, reported losses exceeding 1.3 billion rubles ($14.2 million) in 2024 due to unauthorized cryptocurrency mining, which has strained the country’s energy infrastructure.  The most severe impact was recorded in the North Caucasus, where illegal mining caused losses of over 600 million rubles. In Novosibirsk, authorities […]