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CleanSpark Breaks Ground On 50 Megawatt Bitcoin Mining Expansion
By BtcCasey

Bitcoin mining firm CleanSpark has announced the start of construction on a site in Washington, Georgia. The site is set to house up to 16,000 miners, which could nearly double the company's hash rate total to 8.7 EH/s.

The expansion is estimated to cost nearly $16 million and will use the most power-efficient and sustainable bitcoin mining operations available, according to the release sent to Bitcoin Magazine. 

Bitcoin 2023 Discount Treasure Hunt Code: BMDAILY50COIN

CleanSpark has efficiently navigated this bear market and continues to grow as we enter 2023. 

👨‍⚖️ Bitzlato

U.S. Department Of Justice Shuts Down Crypto Exchange Bitzlato, CEO Arrested
By BtcCasey

The U.S. Department of Justice announced a scary-sounding livestream yesterday that ended up being them taking down a Hong Kong based cryptocurrency exchanged called Bitzlato.

The DOJ accuses Bitzlato and Bitzlato's CEO of facilitating more than $700 million in transactions involving illicit funds. 

While Bitcoin Twitter seemingly clowned on this announcement as being small fish, there are some interesting implications. The livestream focused greatly on the fact that this exchange was "peer-to-peer," although the exchange was custodial. They also highlighted several times that one of the main reasons criminals used it was the lack of KYC and identification measures. 

This announcement could be preemptive actions designed to set The State up for the outlawing of no-KYC exchanges. While this isn't confirmed in any way, it certainly is possible. As Marty Bent would say, "Be aware, freaks." 

📰 The Daily Bits

💰 Okcoin And Paradigm

Okcoin And Paradigm Announce New Grant Awarded To Bitcoin Core Maintainer Marco Falke
By BtcCasey

Cryptocurrency exchange Okcoin and investment firm Paradigm have announced funding for Bitcoin Core contribution, directing the funds into a grant for Core maintainer Marco Falke.

Okcoin has previously supported Falke, who is one of six people with the ability to approve or deny changes to Bitcoin's code. They've also previously supported for a Lightning developer to promote privacy on the network's second-layer.

The grant will provide Falke with a livable income while he devotes 40+ hours per week to Bitcoin Core development, as many Bitcoin developers and maintainers are technically volunteers without centralized funding. This brings Okcoin's total contributions to Bitcoin development funding to $1.5 million.

MEME OF THE DAY 

By @BitcoinMagazine

BTC Inc. Is Hiring!