Articles for tag: cryptocurrency mining, economic growth, energy management, power grid, regulatory compliance, Rosseti Group, Russia

January 27, 2025

Russian Power Grid Titan Explores Bitcoin Mining Ventures for Sustainable Energy Solutions and Economic Growth

Rosseti Group, Russia’s largest power grid operator, is looking into cryptocurrency mining at its underused power centers. The company aims to enhance its revenue and taxes by coordinating the deployment of mining infrastructure across the country. With its existing facilities and technical capabilities, Rosseti is well-prepared for mining operations, and it’s considering a unique tariff ...

January 21, 2025

Market News

Crypto

KULR Expands Bitcoin Holdings to 510 BTC While Achieving Impressive 127% BTC Yield in Recent Report

KULR Technology Group, Inc. has announced a significant increase in its Bitcoin holdings, adding an additional $8 million to its Bitcoin Treasury, bringing the total to $50 million. This means the company now owns 510 Bitcoin. KULR’s strategy involves using up to 90% of its surplus cash for these acquisitions, and they’ve achieved an impressive ...

December 26, 2024

Market News

Crypto

KULR Launches Bitcoin Treasury with Strategic Purchase of 217.18 BTC for Enhanced Financial Innovation and Growth

KULR Technology Group, Inc., a company specializing in advanced energy management, recently announced its acquisition of 217.18 Bitcoin for about $21 million, averaging $96,556.53 per Bitcoin. This purchase is part of KULR’s new Bitcoin Treasury strategy, where it intends to allocate up to 90% of its surplus cash into Bitcoin. The company is partnering with ...

December 5, 2024

Market News

Crypto

KULR Unveils Innovative Bitcoin Treasury Strategy to Enhance Financial Stability and Growth Potential

KULR Technology Group, a leader in advanced energy management, has announced that it will include Bitcoin (BTC) as a key asset in its treasury program. Currently holding over $12 million in cash, the company plans to allocate up to 90% of any surplus cash towards Bitcoin. KULR’s decision comes as Bitcoin’s global acceptance grows, with ...

November 29, 2024

Market News

Crypto

Swiss Canton Votes to Explore Bitcoin Mining Potential and Sustainable Practices in Cryptocurrency Innovation

The Swiss canton of Bern’s parliament has approved a plan to study Bitcoin mining, with a vote of 85 to 48. This initiative is backed by members across different political parties, including the Federal Democratic Union and the Green Liberal Party. The cantonal government will research how Bitcoin mining can utilize unused energy and stabilize ...

November 13, 2024

Market News

Hitachi Energy unveils Nostradamus AI, revolutionizing energy forecasting with unmatched accuracy, optimizing investments, and enhancing grid reliability amidst growing demands.

Hitachi Energy has launched Nostradamus AI, a revolutionary tool specifically designed for the energy sector. This advanced AI software enhances the accuracy of renewable energy forecasts, load predictions, and Market pricing insights, boasting forecasts that are over 20% more precise than industry standards. By integrating grid performance data and asset monitoring, Nostradamus AI streamlines operations ...