Exclusive: Bitcoin Miner Bit Digital Adds Machines in Iceland Before Possible U.S. Tax Crackdown

New York-based Bit Digital is expanding its operations to Iceland in a bid to hedge the bitcoin-mining company’s regulatory risk amid a proposed a crypto-mining tax from the Biden administration.  Samir Tabar, chief executive of Nasdaq-listed Bit Digital, told The Wall Street Journal that the company bought 2,500 new bitcoin-mining machines for $5 million last week and will house them in Iceland, the company’s first time sending new computers outside the U.

• 2023-05-18
• Bit Digital Iceland regulatory risk Wall Street Journal

Coinbase Tumbles Amid SEC Storm Clouds. What It Means for Robinhood and Crypto.

The cryptocurrency broker revealed Wednesday that U.S. securities charges may be looming, a threat that goes far beyond Coinbase.

• 2023-03-23
• Coinbase premarket trading regulatory risk digital asset SEC trading operations Robinhood