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Cryptocurrency mining and renewable energy: Friend or foe?
May 26, 2021
Source: Smart Energy

Cryptocurrency mining and renewable energy: Friend or foe?

The rising energy usage of blockchains has recently been facing increasing public scrutiny. Most recently, Tesla CEO Elon Musk announced that the company would suspend vehicle purchases using Bitcoin and only resume once mining shifts to more sustainable energy sources while Tesla studies other, more efficient, cryptocurrencies. Interestingly, the recipient of the first-ever Bitcoin transaction.

Weir Group acquires mining tools firm
July 13, 2018
Source: Insider

Weir Group acquires mining tools firm

Weir Group yesterday completed the acquisition of mining tools firm, ESCO, in a deal amounting to $1.3 billion. The terms of the acquisition dictates that ESCO shareholders will be paid as a mix of 59% of the deal value in cash, and the remainder in shares. The Scottish company sees the move as part of shift to focus on opportunities in its core minerals and oil & gas sectors. weir-group-acquires-mining-tools-firm

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