Bitdeer Mining Insights

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Kuwait’s Ministry of Interior has declared cryptocurrency mining illegal, citing violations of multiple national laws. Officials warned that mining activities place heavy pressure on the country’s electricity infrastructure, leading to power outages and disruptions to essential services across residential, commercial, and industrial areas.

Russia is set to impose more restrictions on Bitcoin mining in response to energy shortages and infrastructure strain. The Ministry of Finance confirmed that Karelia, Penza, and Khakassia regions have requested limits due to frequent outages and illegal mining activities impacting outdated power grids.

The Los Angeles Police Department has seized $2.7 million worth of Bitcoin mining rigs stolen from a shipment destined for Hong Kong. Two suspects, linked to a South American crime ring, were arrested in connection with the airport heist. The operation involved collaboration between LAPD, Port Police, Union Pacific Police, and Airport Police.

Riot Platforms has obtained a $100 million credit facility from Coinbase, using its 19,223 BTC—worth nearly $1.8 billion—as collateral. This marks Riot's first Bitcoin-backed loan, aimed at supporting corporate operations and strategic growth. The one-year loan carries a minimum 9% annual interest rate and may be extended for another year.

Auradine has raised $153 million in an oversubscribed funding round, led by Stepstone Group and supported by Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, and others. This brings Auradine's total funding to over $300 million, reinforcing its commitment to providing scalable and sustainable solutions for Bitcoin mining and AI data centers. The company also announced the formation of Auralinks AI, a new division focused on open-standards networking for next-gen AI data centers.