Global #Cryptocurrency mining

In a dramatic turn of events in the cryptocurrency mining industry, Bitfarms Ltd. has announced a comprehensive defense plan to counter the ongoing hostile takeover bid by rival Riot Blockchain Inc. The move comes as Bitfarms seeks to maintain its independence and protect shareholder value amid escalating pressure from Riot.

Bitfarms Ltd. (BITF), the Canadian cryptocurrency mining company, is seeing a quiet trading day on Monday, June 10th, 2024. As of this writing (10:25 PM PST), the stock price sits at CA$3.30, unchanged from the opening price.This follows a week of positive momentum for Bitfarms.

Venezuela's government has taken a significant step by implementing a ban on cryptocurrency mining, citing concerns about safeguarding the national electrical grid. This decision comes in the wake of a crackdown on crypto-related activities, including the confiscation of 2,000 mining devices in Maracay.

With a proposed plan to legalize and regulate cryptocurrency mining within its borders, Russia is dipping its toes into the world of cryptocurrencies.

ASIC, the Australian Securities and Investments Commission, has filed a civil lawsuit against the NGS firms and Brett Mendham, Ryan Brown, and Mark Ten Caten, the directors of those companies.

During an interview with Sonali Basak from Bloomberg TV on April 9, 2024, Marathon Digital (NASDAQ: MARA) CEO Fred Thiel provided insights into the evolving landscape of Bitcoin mining and the expected impacts of the upcoming Bitcoin halving, projected around April 20.