Kuwait Pulls Plug on Crypto Mining
For years, Kuwait’s ultralow power prices—about $0.029 per kWh—made the desert state a sleeper paradise for proof‑of‑work miners. What began as hobby rigs humming in hot apartments soon grew into warehouse‑scale farms, drawing a steady stream of ASICs from China and Russia after those nations clamped down.Yet on 1 May, Kuwait’s Ministry of Interior flipped the script, sending inspection […]
Freight Tech Bets $20M on TRUMP
Freight Technologies Inc. (Fr8Tech), a Nasdaq‑listed logistics firm that shepherds freight across the United States–Mexico border, just took an unlikely detour into crypto politics. In an April‑30 filing the company said it will raise up to $20 million in fresh equity and convert the proceeds into TRUMP, the Solana‑based meme coin endorsed by President Donald Trump. […]
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