Coinmint opens Bitcoin Mining Complex in Upstate New York

Crypto mining firm Coinmint declared it is to open a cryptocurrency mining plant in an abandoned smelter previously used by Alcoa in Massena (New York)
08 June 2018   1026

Coinmint received the approval in January of this year to found a Bitcoin mining farm in the 1,300-acre facility that was once an aluminum smelting plant in Massena, New York. Alcoa hold the plant before shuttering its operations in 2013. Then Alcoa had been looking for new renters for the facility.  Coinmint secured a 10-year lease agreement with Alcoa, plus an option to renew. As claimed by the company, in the next 18 months it will put up to $700 Million in the project. 

The 1300-acre, 435-megawatt site in Massena, New York, maintains the largest capacity from a digital currency data center in the world. In addition to the $50+ million USD of investment to date, the company will invest up to $700 million USD in its new site, creating an estimated 150 plus jobs over the next 18 months.
Coinmint,
Official Statement

Mining operations are already kept in the facility and will go on under the leading of a new Coinmint subsidiary, the North Country Data Center Corporation. The firm is aimed on investing about $700 million in repurposing the plant into one of the largest Bitcoin mining centers in the world. The 435-Megawatt complex is supposed to be accomplished in the next one year.

The area’s citizens and its hydroelectric power - a green alternative to the less sustainable energies used at other digital asset infrastructure data centers were the catalyst for our move and will be foundational assets for continued expansion. The reduced electricity costs will enable us to compete in the rapidly emerging digital currency global marketplace.
Kyle Carlton,
Spokesman, Coinmint

The BTC price has substantially decreased in 2018. Nevertheless, it seems miners aren’t scared off from continuing to mine this cryptocurrency. Actually, the price of BTC has fallen by more than 30 percent since the end of negotiations between Alcoa and Coinmint.

Ryuk Ransomware Team to Get 705 BTC

CrowdStrike and McAfee believes the program was created and supported by Russians
15 January 2019   97

In less than six months, hackers got 705 bitcoins through Ryuk ransomware, reports The Block.

Until recently, the group of hackers GRIM SPIDER behind Ryuk was supposed to be operating from North Korea. However, according to the companies CrowdStrike and McAfee, the program was created and supported by Russian hackers.

Ryuk is distributed via email-phishing, where the TrickBot Trojan is involved. The main objectives of the ransomware program are large companies and government organizations. Ryuk blocks the victims' hard drives until they pay the ransom. The amount of the latter often depends on the size and significance of the organization.

The program is "famous" for the impressive amounts of required buybacks:

To date, the lowest observed ransom was for 1.7 BTC and the highest was for 99 BTC. With 52 known transactions spread across 37 BTC addresses (as of this writing), GRIM SPIDER has made 705.80 BTC, which has a current value of $3.7 million. With the recent decline in BTC to USD value, it is likely GRIM SPIDER has netted more.
 

CrowdStrike

705 bitcoins at the current exchange rate is about $ 2.6 million.