mining company
- noun
- /ˈmaɪnɪŋ ˈkʌmpəni/
- Texting
:
empresa de minería de criptomonedas
- Investors are looking to fund a new mining company focused on creating digital currencies using renewable energy.
Examples
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And so it makes sense that crypto mining companies would mine less crypto going into and through November because it's more difficult than earlier.
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The mining company recently expanded its operations to increase transaction validation efficiency.
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Quebec is considering new regulations for mining companies that are involved in cryptocurrency production.
Synonyms
12
6.1
A person or company that uses computers to earn new digital money by checking transactions
Surface Forms
Morphology
The noun phrase is compositionally built from 'mining' + 'company' and in general means a company that carries out mining activities, so its structure is predictable. However, the given definition narrows the sense to cryptocurrency mining, which is a specialized, newer sense of 'mining' that many B1 learners who only know the extractive mining meaning would not infer, making the expression only partially transparent.
Etymology
The noun mining company used for cryptocurrencies borrows mining as a picture: computers 'dig' for new coins by solving puzzles and checking transactions. So a company that does this is 'a business that runs many machines to create or check digital money'.