A journalist from China, Colin Wu, spoke about the main news of cryptomining over the past week, in the period from December 19 to December 25, 2022. He noted: The US National Weather Service reported a snowstorm from the Midwest to the Northeast with a sharp cold snap, which led to negative temperatures in about 80% of the state.

Because of this, bitcoin miners suffered, who had to disconnect from the networks. The hashrate of the network briefly fell by 40%. This indicator has decreased to 156 EH/s (hash per second).

Meanwhile, Greenidge Generation has entered into a non-binding debt agreement with NYDIG in the amount of about $74 million. NYDIG will buy out miners with a mining capacity of 2.8 EH/s.

Bitmain announced that its new HNS HS3 miner was sold out in 27 seconds at a price of $2,092 per unit, and Core Scientific filed for Chapter 11 bankruptcy protection. Currently, the company accounts for about 10% of the total hashrate of the bitcoin network.

The Canadian province of British Columbia has announced that 21 cryptocurrency mining projects requiring a total of 1,403 megawatts will be temporarily suspended.

Buenos Aires (Argentina) approved a bill to add cryptocurrency mining as a taxable activity. Russia will not accept a bill on the regulation of cryptocurrency mining in any way. The document is being delayed due to concerns that it could serve as a signal for capital outflow.

Blockware Solutions was accused by the client of breach of contract. The company was sued. It also became known that most mining companies suffered serious losses by the end of 2022.

Mercurity Fintech Holding has announced an asset purchase agreement with Huangtong International. Investments will be made in order to purchase mining equipment, and miners from Norway and Sweden are turning off their capacities for the whole winter due to a sharp increase in electricity tariffs.