Fight Looms Over New York’s Bid to Slow Crypto-Mining Boom

nytimes.com – 7 June 2022

Crypto interests are lobbying Gov. Kathy Hochul to veto a groundbreaking bill that would temporarily halt new crypto-mining projects at fossil-fuel burning plants.

Ethereum founder criticizes New York’s Bitcoin mining moratorium: ‘I oppose banning proof of work’

fortune.com – 6 June 2022

A Bitcoin mining ban? Not quite, but still not a good idea, says one of the most prominent voices in crypto.

On Friday, New York State Senate lawmakers passed a bill that will halt permits for new cryptocurrency mining facilities that use carbon-based fuel, due to environmental concerns.

Lawmaker who wrote New York crypto mining bill explains: ‘It’s not a ban’

cnbc.com – 4 June 2022

New York State Assemblymember Anna Kelles is tired of all the fear-mongering about the bill she wrote — and sponsored — to place a two-year moratorium on certain types of new cryptocurrency mines in the state.

Environmentalists Target Greenidge as They Turn Up Pressure on NY Governor to Sign Mining Moratorium Bill

coindesk.com – 3 June 2022

A moratorium on new PoW mining projects that use behind-the-meter fossil fuel energy is now on the NY governor’s desk.

New York Clamps Down On Bitcoin Mining In Newly Passed Bill

forbes.com – 3 June 2022

Lawmakers in New York passed a bill that bans some types of cryptocurrency mining that rely on carbon-based fuel during an early morning session of the state’s senate on Friday, a move that seeks to address the growing concerns about the environmental impact of energy-intensive blockchain operations including bitcoin mining.

New York State Senate Passes Bitcoin Mining Moratorium

coindesk.com – 3 June 2022

The state Assembly had already passed the bill, which would bar new mining operations powered by carbon-based energy sources for two years. The New York State Senate passed a bill targeting proof-of-work (PoW) mining early Friday morning in an effort to address some of the environmental concerns about cryptocurrencies.

New York Crypto Mining Moratorium Bill Goes to Hochul

bloomberg.com – 3 June 2022

New York state lawmakers passed a bill that would trigger a two-year moratorium on new permits for certain power plants involved in Bitcoin mining.

NY Bitcoin Miners Start to Give Up on State Amid Regulatory Uncertainty

coindesk.com – 19 May 2022

New York’s bitcoin mining companies are increasingly considering abandoning their aspirations in what was once a promised land as the state’s legislature considers a bill to ban new mining projects that use carbon-based energy sources pending a review of the industry’s environmental impact.

Crashing Crypto: Is This Time Different?

nytimes.com – 17 May 2022

Last week TerraUSD, a stablecoin — a system that was supposed to perform a lot like a conventional bank account but was backed only by a cryptocurrency called Luna — collapsed. Luna lost 97 percent of its value over the course of just 24 hours, apparently destroying some investors’ life savings.

State assemblymembers discuss pros and cons of cryptocurrency mining in upstate New York

nystateofpolitics.com – 12 May 2022

Last month, the New York state Assembly voted to pass Democratic Assemblymember Anna Kelles’ two-year moratorium on new cryptocurrency mining.

Can You Really Build a ‘Crypto Empire’ in the Empire State?

coindesk.com – 10 May 2022

Every Monday night in Midtown Manhattan, members of New York City’s cryptocurrency scene meet up and talk shop over cocktails in an upscale food hall. Industry veterans mingle with newbies; business cards are exchanged, and new connections are made.

Is New York becoming the new crypto capital?

yahoo.com – 6 May 2022

Cryptocurrency firms are filling up New York City’s office space as they look to stake a claim for the long haul in the Big Apple, competing with Wall Street to become the next financial hub.

How Niagara Falls Is Cleaning Up The Cryptocurrency Mining Industry

newsy.com – 22 April 2022

Cryptocurrency mining requires tons of electricity, so now some companies are turning to hydroelectric energy as a cheaper, renewable source.

A single Bitcoin is valued at over $41,000 — but it takes thousands of computers and tons of energy to competitively mine the cryptocurrency.

How Niagara Falls is cleaning up the cryptocurrency mining industry

wcpo.com – 22 April 2022

Cryptocurrency mining requires tons of electricity, so now some companies are turning to hydroelectric energy as a cheaper, renewable source.

A single Bitcoin is valued at over $41,000 — but it takes thousands of computers and tons of energy to competitively mine the cryptocurrency.

Another Voice: Not all crypto currency miners are created equal

buffalonews.com – 1 March 2022

There is much debate within local and state government regarding the environmental impacts of crypto mining and its economic role.

Make no mistake, crypto mining and digital currency will shape the 21st century unlike any other evolving technology.

Cryptocurrency firms search for WNY sites amid concerns of their economic development worth

buffalonews.com – 28 February 2022

Western New York’s underused and abandoned factories – especially those still connected to high-voltage power lines – are tempting companies in the emerging field of digital currency.

CEO of bitcoin mining operation in Niagara Falls details firm’s commitment to growth

bizjournals.com – 2 February 2022

From Quebec to Uzbekistan to Trinidad and Tobago, the Blockfusion team scoured the world for the right place to site a blockchain mining facility.

By early 2019, they had an answer: a former power plant on Buffalo Avenue in Niagara Falls.

Cryptocurrency firm touts jobs in the Falls, but critics worry about energy use

buffalonews.com – 30 January 2022

When cryptocurrency companies started making their presence felt in Western New York, some economic development officials began expressing concern that while the businesses could make use of vacant industrial sites, they would also create environmental headaches, but not jobs.

Blockfusion is trying to put the lie to that belief.

Inside a Bitcoin Mining Facility in Niagara Falls

wkbw.com – 26 January 2022

7 News takes you to the Blockfusion cryptocurrency mining facility on Frontier Ave., one of three facilities operating in the Cataract City.

A Cleaner Bitcoin

voanews.com – 21 January 2022

The digital currency bitcoin takes a lot of electricity to produce. We meet one team trying to do it sustainably by mining bitcoin with renewable energy.

Tour a Bitcoin Mining Facility Run on Clean Energy Thanks to Niagara Falls

lx.com – 10 January 2022

Bit Digital, a sustainability-focused generator of digital assets and the largest bitcoin miner on the NASDAQ, recently launched a mining center in Buffalo, New York, and is working toward it using 100% sustainable power. The facility, located in an old coal factory, houses thousands of computers powered by hydroelectricity and is part of the larger trend of the crypto industry trying to go green.

Bit Digital Announces New Investor Presentation

bloomberg.com – 15 December 2021

Bit Digital, Inc. (Nasdaq: BTBT) (“Bit
Digital” or the “Company”), a public bitcoin mining company headquartered in
New York, is pleased to announce its new investor presentation is now

available on the Company’s website in the Investors section.

A bitcoin boom fueled by cheap power, empty plants and few rules

economictimes.indiatimes.com – 6 December 2021

A bitcoin mining operation is opening northeast of Niagara Falls this month on the site of the last working coal plant in the state of New York. Across the state, a former aluminum plant in Massena, already one of the biggest cryptocurrency sites in the United States, is expanding.

A Bitcoin Boom Fueled by Cheap Power, Empty Plants and Few Rules

nytimes.com – 5 December 2021

Cryptocurrency miners are flocking to New York’s faded industrial towns, prompting concern over the environmental impact of huge computer farms.

Elizabeth Warren Grills New York Bitcoin Miner on Climate

bloomberg.com – 3 December 2021

U.S. Senator Elizabeth Warren is pressing a Bitcoin miner about the impact of its operations on climate change, the local environment and power prices as part of her campaign to crack down on wasteful cryptocurrency mining.

3 Cryptomining Stocks to Profit From The Bitcoin Boom

fool.com – 2 December 2021

It’s hard to ignore the signs that Bitcoin (CRYPTO:BTC) is gaining mainstream acceptance. Retailers from cinema chains to grocery stores and others are starting to accept cryptocurrencies for payments. According to a Blockdata report, Bitcoin processed 62% more transactions by dollar value than PayPal

Bit Digital, Inc. Announces Bitcoin Production and Mining Operations Update for the Third Quarter of 2021

bloomberg.com – 17 November 2021

Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a bitcoin mining company headquartered in New York, announced its unaudited bitcoin production and mining operations update for the third quarter ended September 30, 2021.

Bit Digital Featured in The Wall Street Journal In-Depth Video Report

prnewswire.com – 21 October 2021

Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Company”), a bitcoin mining company headquartered in New York with one of the largest currently-owned fleets among US listed bitcoin miners, was the focus of an in-depth video report by The Wall Street Journal on its operations and efforts to utilize carbon neutral energy sources for mining.

Pennsylvania bitcoin miner jumps 52% in Nasdaq debut as bitcoin price hits record

cnbc.com – 20 October 2021

Shares of Stronghold Digital Mining jumped 52% in their first day of trading on Wednesday, as investors show enthusiasm for nascent companies tied to cryptocurrencies.

New York and Texas are winning the war to attract bitcoin miners

cnbc.com – 18 October 2021

A war is brewing among states to attract bitcoin miners, and new data shows that a whole lot of them are headed to New York, Kentucky, Georgia, and Texas.

Bitcoin Miners Tap Hydropower as Environmental Criticism Grows

wsj.com – 14 October 2021

A bitcoin mining facility in upstate New York is using electricity from a local hydroelectric plant powered by the Niagara River. The company is part of a group of miners attempting to make the industry more sustainable, both environmentally and financially.

Can Crypto Go Green?

nytimes.com – 10 October 2021

DealBook gathered experts to debate the solutions to cryptocurrency’s climate problem.

Bit Digital and Blockfusion Announce 35 Megawatt Strategic Partnership

yahoo.com – 7 September 2021

Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital”) and Blockfusion USA, Inc. (“Blockfusion”) (together, the “Companies”) are pleased to announce that the Companies have entered into a strategic co-mining agreement (the “Agreement”).

Bit Digital stock rises 2% after bitcoin co-mining agreement with Blockfusion

seekingalpha.com – 7 September 2021

Bit Digital (NASDAQ:BTBT) stock gains 2.4% in premarket trading after inking a co-mining agreement, in which Blockfusion USA will provide certain premises and services to Bit Digital for operating a 35 MW bitcoin mining system.

Bit Digital Featured in Bloomberg In-Depth Video Report

cryptonewsbtc.org – 5 August 2021

Bit Digital, Inc. (Nasdaq: BTBT) (“Bit Digital” or the “Firm”), a bitcoin mining firm headquartered in New York with one of many largest currently-owned fleets amongst US listed bitcoin miners, was the main target of an in-depth video report by Bloomberg L.P. on its operations and efforts to make the most of carbon impartial power sources for mining. The video was launched on July 1st.

Some locals say a bitcoin mining operation is ruining one of the Finger Lakes. Here’s how.

nbcnews.com – 5 July 2021

“The lake is so warm you feel like you’re in a hot tub,” said a woman who lives near a gas-fired New York plant that powers 8,000 computers mining bitcoins.