Massive Desert-Based Crypto Mines Tap Immersion Cooling for Profitable Bitcoin Extraction in Middle East
A project to build two large-scale cryptocurrency mining facilities is underway in the United Arab Emirates (UAE). The high-tech data centers will rely on an innovative full immersion cooling solution to overcome the challenges posed by the desert climate, which renders traditional air-cooled mining infeasible. Marathon Digital Holdings, a leading U.S.-based crypto mining company, and […]
Biden’s Crypto Mining Tax Plan: Will it Curb Emissions or Fall Flat, Critics Debate
Cryptocurrency miners in the United States may face a 30% tax on the cost of electricity they use if President Joe Biden’s proposed budget for the fiscal year 2024 is approved by Congress. The proposal has sparked debate over whether the tax could help reduce global emissions and energy prices. Cryptocurrency mining is an energy-intensive […]