US EditionSanctioned nations are secretly mining Bitcoin and the clues are in the hash rate - Invest In Crypto News
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Sanctioned nations are secretly mining Bitcoin and the clues are in the hash rate
HIVE Digital co-founder Frank Holmes stated this week that several sanctioned nations are actively mining Bitcoin (BTC) in secret, turning to the crypto as an alternative revenue stream in the face of U.S. financial restrictions. Holmes made the claims during a recent interview with the Roundtable. He tied a recent drop in global mining difficulty to military strikes targeting power infrastructure in Iran, suggesting the country’s military was u…
Frank Holmes: Iran’s Power Strikes Reveal Hidden State-Backed Crypto Operations News ETHNews
HIVE Digital expanded in Paraguay, selling Bitcoin to scale mining capacity in a supportive regulatory and energy environment. HIVE targets 25 EH/s by November after surpassing 14 EH/s, generating roughly $315 million in annualized revenue. Several nations under U.S. sanctions have turned to Bitcoin mining as a covert revenue source, HIVE Digital co-founder Frank Holmes stated this week. He said that military strikes on Iran’s power infrastructu…
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