Bitcoin not the ‘end goal,’ says Riot as BTC production jumps 27%
Riot Platforms has reiterated its strategy has evolved to “maximizing the value of our megawatts,” rather than just mining Bitcoin, despite posting record revenues in Q3 on the back of a Bitcoin production surge. During a conference call following the release of the firm’s Q3 results on Wednesday, Riot Platform’s vice president of investor relations
Canadian province to ban new crypto mining connections
The government of British Columbia is banning new crypto mining connections to the hydro power grid, citing unprecedented electricity demand. In a statement on Monday, the British Columbia (BC) government announced a set of new legislation aimed at stimulating the economy and helping the state-owned electric utility provider BC Hydro address its power availability. “There
US Bitcoin reserve funding ‘can start anytime’ — Senator Lummis
Crypto-friendly US Senator Cynthia Lummis said fundraising for a Strategic Bitcoin Reserve is mainly being held back by legislative “slog.” Crypto-friendly US Senator Cynthia Lummis has confirmed that acquiring funds for the US Strategic Bitcoin Reserve (SBR) can “start anytime” now, though legislative red tape is holding it back. In an X post on Monday
Trump admin withdraws Brian Quintenz as CFTC nominee
Brian Quintenz told Cointelegraph he will return to the private sector after the White House pulled its nomination for him to chair the CFTC. Update (Oct. 1, 1:20 am UTC): This article has been updated to add a comment from Brian Quintenz and further information. The Trump White House has withdrawn Brian Quintenz’s nomination to