U.S. miner USBTC is in talks with the city of Niagara Falls, New York to resume BTC mining. A mining farm located in Niagara City was controversial due to noise complaints from local residents, and in March, a US court ordered #USBTC to cease operations and pay a $1 million fine

According to a press announcement on Monday, Hut 8 #Mining (HUT) has obtained up to $50 million in loans from Coinbase Credit to finance its operations, which at the moment involve finalising a highly anticipated merger with rival US #Bitcoin Corp (#USBTC ).

In particular, with its plans to serve as the custodian for #BlackRock's well-publicized bitcoin exchange-traded fund, subject to regulatory approval, #Coinbase (COIN) has been making inroads into the institutional market. Coinbase purchased institutional digital asset manager One River in March.