New gold rush as large mining project aims to extract $8B from California’s Mother Lode
California’s Potential Gold Rush California might be on the verge of its largest gold rush in decades. Canadian mining firm Lord Gold Resources Co., Ltd. revealed on Monday that it has initiated engineering studies at the historic Fremont Gold Mine located in Mariposa County. This marks a significant step toward rejuvenating the renowned Mother Lode […]
Trump Organization requests correction of mining deal article
Trump Organization Demands Retraction from New York Times The Trump Organization is requesting a retraction from the New York Times regarding what it describes as a “defamatory” article. This claim is based on a legal letter that suggests the article was crafted to imply financial misconduct involving Donald Trump Jr. and Eric Trump. The controversy […]
Trump and Lutnick’s sons poised to make significant profits from billion-dollar mining agreement, according to a report
Trump and Lutnick Families Profit from Kazakhstan Mining Deal According to a recent report, the sons of President Trump and Secretary of Commerce Howard Lutnick are poised to gain significantly from a $1.6 billion mining deal in Kazakhstan, connected to their families. The deal emerged following a contract signed last November with Kaz Resources, an […]
US takes steps to compete with China’s control over rare earth minerals through Congo mining agreement
U.S. Supports Mining Operations in the Democratic Republic of Congo JOHANNESBURG – In a significant move to challenge China’s stronghold on the rare earth minerals industry, the U.S. government has thrown its support behind Virtus Minerals, an American company, which is working on two major mines in the Democratic Republic of Congo (DRC) focused on […]
Hyperscale Data Secures $1.2B AI Computing Agreement as Bitcoin Mining Transition Picks Up Speed
Hyperscale Data Signs $1.2 Billion AI Computing Deal Amid Bitcoin Mining Shift Hyperscale Data Inc. has finalized its first master services agreement to supply AI computing power at its data center in Michigan. This move marks a significant step for a publicly traded company previously focused on Bitcoin, as it ventures further into the AI […]
Trump Reveals Trades in Coinbase, Robinhood, and Bitcoin Mining Stocks
Simply put Former President Donald Trump has disclosed transactions in crypto-related stocks, as indicated by a recent ethics filing. The filing includes trades involving cryptocurrency exchanges like Coinbase, Robinhood, and two Bitcoin mining companies. The Trump Organization has stated that all transactions executed by the president are managed by an independent third party. In the […]
Doug Burgum: Mining and Energy Employment Provide Reliable, Lasting Careers
Interior Secretary Discusses Importance of Mining and Energy Jobs During an event with Breitbart News, Interior Secretary Doug Burgum emphasized that careers in mining and energy can provide “solid long-term” opportunities. He noted the ideas of “Drill, Baby, Drill” and “Map, Baby, Map,” highlighting the role of lands managed by the Interior Department for the […]
Report: U.S. Sanctioned Chinese Mining Firms Dominate 6 Percent of Nicaragua
According to a Nicaraguan newspaper, due to lucrative gold mining contracts with the communist government, five Chinese gold mining companies, which are under U.S. sanctions, now manage 6 percent of Nicaragua’s total land. Nicaragua’s governing regime, led by Daniel Ortega and Rosario Murillo, has established long-term gold mining agreements with at least 15 Chinese firms, […]
Bitcoin mining groups controlling 75% of BTC hash power adopt open standard for building blocks
Major Step Toward Decentralization in Bitcoin Mining Recently, a significant shift toward decentralization in Bitcoin mining took place when seven leading mining pools decided to support the same open standards. Foundry, AntPool, F2Pool, SpiderPool, MARA Pool, Block Inc, and DMND have all joined the Stratum V2 working group, as announced last week. Stratum V2 is […]
IREN Price Target Reduced as Bernstein Anticipates Company Shifting from Bitcoin Mining to AI
Bernstein Adjusts Price Target for IREN Amid AI Transition On Monday, analysts at Bernstein reduced their price target for IREN’s stock from $125 to $100 per share. However, they still consider it a leading choice among stocks focused on artificial intelligence. The firm noted that the company’s shift into a large-scale AI cloud provider is […]