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Bitcoin may soon consume more power than all of Australia — as same as Google, Facebook and Amazon combined

Bitcoin may soon consume more power than Australia almost 10 times more than Google, Microsoft and Facebook combined ABC Business 4 days ago By Ben Deacon Bitcoin has a climate problem. The cryptocurrency uses huge quantities of electricity and as the price of a single Bitcoin has skyrocketed beyond $50,000, Bitcoin miners are now producing as much carbon pollution as a medium-sized nation. Bitcoin uses more electricity per transaction than any other method known to mankind, said Microsoft founder Bill Gates, when he on social media platform Clubhouse. It s not a great climate thing. Bitcoin may soon be consuming over 200 terrawatt hours (TWh) of electricity, according to by data scientist Alex de Vries in the journal Joule.

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Guide: Energy For Bitcoin Mining In NA - Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

Guide: Energy For Bitcoin Mining In NA - Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides
bitcoinmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bitcoinmagazine.com Daily Mail and Mail on Sunday newspapers.

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Brave Buys Search Engine, Kings of NFT, Binance In Colombia + More News

Brave Buys Search Engine, Kings of NFT, Binance In Colombia + More News Kings of Leon. Source: A screenshot, Instagram/kingsofleon Get your daily, bite-sized digest of cryptoasset and blockchain-related news â investigating the stories flying under the radar of todayâs crypto news. Decentralization news Brave, the developer of a crypto-friendly internet browser, said it acquired Tailcat, the open search engine developed by the team formerly responsible for the privacy search and browser products at Cliqz, a holding of Hubert Burda Media. Tailcat will become the foundation of Brave Search. Brave Search and the Brave browser constitute the industryâs first independent, privacy-preserving alternative to Google Chrome and Google Search, they said.

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Australian green energy Bitcoin mining firm doubles pre-IPO funding round

News Iris Energy, an Australian firm that invests in Bitcoin (BTC) mining data centers powered by renewable energy sources, has doubled its second pre-initial public offering round. According to Bloomberg, a 13 million Australian dollar ($10 million) commitment from equity manager outfit Platinum Asset Management has seen Iris increase its second pre-IPO target to 40 million Australian dollars ($31 million) from the initial 20 million Australian dollars set earlier in mid-February. As reported by Financial Review back in December 2020, the Bitcoin miner secured $19.5 million in equity funding and $3.9 million in debt during its first pre-IPO funding round. Firms like Regal Funds Management and Thorney led the equity funding round.

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Australian Bitcoin Firm Iris Energy Upsizes Pre-IPO Round

(Bloomberg) Australian Bitcoin-focused data center business Iris Energy has doubled a fundraising round to A$40 million ($31 million) ahead of a planned initial public offering.Iris expanded the offering on Wednesday following a A$13 million commitment from Platinum Asset Management, according to a letter to investors obtained by Bloomberg News. The firm had originally set a A$20 million target for its second pre-IPO fundraising. The company is planning its first-time share sale in the middle of this year.Separately, the company told investors that Jason Conroy, chief financial officer of energy utility Transgrid, was set to become Iris’ new chief executive officer. He will be joined by David Bartholomew, who will be the company’s independent chair. The two previously worked together for close to a decade at Australian gas pipelines company DUET Group.Proceeds from the fundraising will be used to build a 50 megawatt data center in British Columbia, Canada, adding to an

United kingdomJason conroyDavid bartholomewIris energyPlatinum asset managementBritish columbiaBloomberg newsInitial public offeringData centerஒன்றுபட்டது கிஂக்டம்ஜேசன் கான்ராய்டேவிட் பார்தலோமெவ்கருவிழி ஆற்றல்வன்பொன் சொத்து மேலாண்மைபிரிட்டிஷ் கொலம்பியாப்ளூம்பெர்க் செய்தி