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Coinmint LLC is turning to junk lending in order to fund a massive new mining operation. The project will repurpose a now-closed industrial site.
Coinmint LLC is in the midst of a project to transform an aluminum smelter into a massive crypto mining operation by turning to the debt market. The operation is taking place in Massena, New York, just south of the Canadian Border. The site itself is the former home of an unused industrial smelter previously owned by Alcoa Corp.
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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
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North American regulators have revealed that more than 200 cryptocurrency-related cases are being actively investigated, with 46 enforcement actions taken. The coordinated efforts by over 40 jurisdictions in the U.S. and Canada are part of Operation Cryptosweep, aimed at cracking down on unregistered and fraudulent crypto-related investment products.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
The North American Securities Administrators Association (NASAA) announced Tuesday that “more than 200 active investigations of initial coin offerings (ICOs) and cryptocurrency-related investment products are currently underway by state and provincial securities regulators in the United States and Canada.”
An international task force targeting securities violations in the cryptocurrency industry has now opened active investigations into more than 200 initial coin offerings (ICOs) and investment products. First launched in May by the North American Securities Administrators Association (NASAA), “Operation Cryptosweep” has already brought 47 enforcement actions against ICOs and firms offering cryptocurrency investment products
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The chairman of the United States Securities and Exchange Commission (SEC), Jay Clayton, has issued a statement “applaud[ing]” the efforts of authorities associated with the North American Securities Administrators Association (NASAA) in executing the current “enforcement sweep targeting fraudulent ICOs and crypto-asset investment products.”
Also Read: 70+ Investigations: 40 Regulators Crack Down on Suspicious Crypto Schemes
SEC chairman Jay Clayton has “applaud[ed]” his “fellow regulators in the United States and Canada who are coordinating and participating in efforts to police fraud in the Initial Coin Offering (ICO) markets.”
With digital currency gaining in popularity worldwide, additional mining operations and farms have started to appear despite looming bans on the practice.
While many see bans on crypto mining as a hindrance to entrepreneurship and the crypto space, in actuality, it’s an effort to protect and enhance cities, states, and countries’ natural, historic, cultural, and electrical resources.
Bitcoin mining operations have officially commenced today at Marathon Patent Group, Inc.’s new mining facility in Quebec, Canada.
Marathon Patent Group, Inc. has commenced mining operations in Quebec.
According to reports from NASDAQ via Globe Newswire, Marathon had previously announced the purchase of 1,400 Bitmain Antminer S9 miners — commonly known simply as Antminer S9s — on Feb. 8.
A week later, Marathon announced that it had leased 26,700 square feet of space in Quebec to be used as a data center.
Canada seems to have become the hottest destination for bitcoin miners from all over the world thanks to a combination of cheap renewable hydroelectric energy and hospitable cold weather. One miner, Bitfarms, is set to raise a small fortune to solidify its position in the region and better face the heated competition.
Also Read: Goldmoney Launches Ether and Bitcoin Cash Cold Storage
In response to increased regulatory pressures in China, Bitmain wants to set up shop in Canada.
Bitmain is one of the largest and perhaps the most well-known bitcoin mining and hardware companies in the world. Its primary operations are, as is expected for a company that’s headquartered in Beijing, located in Asia (notably central China and the autonomous Inner Mongolia) but, as per recent reports, it looks as though the company might be looking to diversify its geocredentials.
The post MinerGate Review: Is It a Legit Mining Operation? appeared first on 99 Bitcoins.
Mining Bitcoin and other cryptocurrencies can be complex, and it’s generally left to the techies who know what they’re doing. Even if you have the brains and the mining hardware for the process, it’s a volatile existence for the individual miner. Some companies are, however, bringing cryptocurrency mining to the average user. Downloadable software is available […]
