Mining
Latest news, analysis, and updates on Mining from A47 News.
3 stories in Crypto · Updated live
Thai Police Arrest Chinese National in Major Cryptocurrency Laundering Case
Thai Immigration Police apprehended Chinese national Wu Chaoshuai in Bangkok, accused of managing a $74 million cryptocurrency laundering operation. This arrest follows Thailand's intensified crackdown on crypto-related money laundering amid rising concerns over transnational crime. The long-term implication is likely an increase in regulatory scrutiny and enforcement actions against cryptocurrency transactions in the region.
Binance Pool to Shut Down Bitcoin Mining Operations by November 2026
Binance has announced the closure of its Bitcoin mining pool, effective November 10, 2026, following a significant decline in its hashrate. The immediate cause for this decision is an ongoing product review, which has led to a drop in the pool's hashrate from 26 EH/s to 9.2 EH/s over the past year. This closure is likely to redirect miners to competing pools, potentially reshaping the competitive landscape of Bitcoin mining services.
SWI Group repurposes FTX-linked Bitcoin mining assets for AI data centers
SWI Group has announced an €800 million capital raise to expand AI and data center infrastructure using assets from the former FTX-linked Genesis Digital Assets. This shift is occurring now as all legal disputes related to FTX have been resolved, allowing for the transition from cryptocurrency mining to AI infrastructure. The long-term implication is a significant pivot in the tech industry towards AI, leveraging previously underperforming mining assets for higher returns in computing power.
Latest Stories
Thai Police Arrest Chinese National in Major Cryptocurrency Laundering Case
Thai Immigration Police apprehended Chinese national Wu Chaoshuai in Bangkok, accused of managing a $74 million cryptocurrency laundering operation. This arrest follows Thailand's intensified crackdown on crypto-related money laundering amid rising concerns over transnational crime. The long-term implication is likely an increase in regulatory scrutiny and enforcement actions against cryptocurrency transactions in the region.
Binance Pool to Shut Down Bitcoin Mining Operations by November 2026
Binance has announced the closure of its Bitcoin mining pool, effective November 10, 2026, following a significant decline in its hashrate. The immediate cause for this decision is an ongoing product review, which has led to a drop in the pool's hashrate from 26 EH/s to 9.2 EH/s over the past year. This closure is likely to redirect miners to competing pools, potentially reshaping the competitive landscape of Bitcoin mining services.
SWI Group repurposes FTX-linked Bitcoin mining assets for AI data centers
SWI Group has announced an €800 million capital raise to expand AI and data center infrastructure using assets from the former FTX-linked Genesis Digital Assets. This shift is occurring now as all legal disputes related to FTX have been resolved, allowing for the transition from cryptocurrency mining to AI infrastructure. The long-term implication is a significant pivot in the tech industry towards AI, leveraging previously underperforming mining assets for higher returns in computing power.