Rio Tinto has signalled an end to the era of record returns in the mining sector, as the Anglo-Australian group reported a sharp drop in half-year profit and more than halved its dividend payment. This time a year ago, the world’s biggest producers of raw materials were basking in the glow of soaring metal prices … Read more
A new ECOS data center with a capacity of 60 MW has been launched in Armenia. Full state support for the Free Economic Zone provides unique benefits and affordable electricity for mining. In 2018, the Armenian government entrusted ECOS to create and manage a Free Economic Zone to support the development of high technologies and … Read more
Data from a recent Ark Invest report highlights another utility for Bitcoin (BTC) mining in the realm of sustainability and energy. According to the findings, there is enormous potential to transform methane emissions into energy for Bitcoin mining, which, in turn, will turbocharge solar and wind-generated electricity at onsite wells. Important research from @skorusARK on … Read more
Article content TORONTO, July 22, 2022 (GLOBE NEWSWIRE) — Osisko Mining Inc. (TSX:OSK) (the “Corporation” or “Osisko“) today announced that it has filed an early warning report in respect of Vior Inc. (“Vior””) in connection with Vior’s private placement (the “Private Placement”) offering of units. Osisko exercised its equity participation right pursuant to an Investor … Read more
Mere weeks after announcing staff lay-offs and salary cuts, Compass Mining has unveiled expansion plans in the form of a 75 megawatt (MW) hosting partnership with Compute North for its data center in Granbury, Texas. The announcement on July 21 comes only a two weeks after the company retrenched 15% of its employees and implemented … Read more
CUHRIG/E+ via Getty Images Vale (NYSE:VALE) closed -2.1% to a YTD closing low of $12.43 on Wednesday after Q2 iron ore production missed estimates and it lowered iron ore and copper guidance for the year. The lackluster results risk delaying a potential sale or spinoff of the copper and nickel unit that could be worth … Read more
Celsius hopes that Bitcoin mining will help it repair its damaged relationship with customers, whose funds were frozen Celsius hopes that Bitcoin mining will help it repair its damaged relationship with customers, whose funds were frozen Cryptocurrency lender Celsius Network said Bitcoin mining is key to the company’s restructuring efforts at a U.S. bankruptcy court … Read more
Nadhim Zahawi, the new chancellor, will on Tuesday commit to bringing down inflation and rule out borrowing for tax cuts, in a sign that he will continue with the fiscal policies of his predecessor Rishi Sunak. In his first speech since being appointed, Zahawi will also endorse Sunak’s plan for a radical overhaul of post-Brexit … Read more