Hive said it would likely not be able to meet the development conditions for the project without tax relief on electricity.
The Chinese bitcoin miner manufacturer has disclosed it made a net loss of $148.6 million for 2019 on a revenue of $204.3 million.
As mining regulations loom, Iranian bitcoiners are stuck in compliance purgatory – facing fines and even jail.
Bitcoin's price jump has juiced demand for new mining equipment, with some models on backlog until October.
Kodak has licensed its name to a new bitcoin mining product.
In a US first, Montana's state government is providing public funds to support a local bitcoin mining firm as part of an effort to fuel job creation.