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UK-based Union Jack Oil turns to Bitcoin mining amid rising network difficulty
Union Jack Oil (UJO), a UK-listed oil and gas firm, is exploring a new path to monetize its gas resources by turning to Bitcoin mining, per an Aug. 7 statement. According to the firm, the […]
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Indonesian Government Is Considering a Bitcoin Reserve
The Indonesian government has been exploring Bitcoin as a reserve asset, according to Bitcoin Indonesia, which recently met with officials to discuss how the strategy could drive economic growth in the country. “We were invited […]
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Cango Boosts Bitcoin Mining Output, Adds 650 BTC in July
Three months after divesting its auto financing unit to focus on Bitcoin mining, Chinese conglomerate Cango (CANG) has significantly ramped up crypto production, indicating that its acquisition of Bitmain mining rigs is enhancing its capacity […]
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France’s RN Party Pushes Bitcoin Mining With Nuclear Power Surplus
Rassemblement National (RN), a French political party, is reportedly pushing to mine Bitcoin using surplus energy from nuclear power plants, signaling a shift from its leader’s previous anti-crypto stance. French newspaper outlet Le Monde reported […]
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Bitcoin Mining Difficulty Hits All-Time High After Sharp Drop-Off
The Bitcoin (BTC) mining difficulty hit an all-time high of 127.6 trillion this week, but is projected to drop during the next difficulty adjustment on August 9. Mining difficulty is expected to fall by about […]
