The company year-to-date has mined 3,986 bitcoin and now ranks seventh among publicly traded BTC holders with 12,608.
IREN plans to expand its AI infrastructure at its site in Childress, Texas, with a new data center set for delivery by the end of 2025
The firm has set its sights on 60 EH/s.
The firm plans on using the proceeds to offset potential equity dilution and market risk.
The mining firm sold 178 BTC near May’s price peak to cover expenses and boost liquidity.
With hashprice hovering near break-even levels, miners liquidated 115% of April production.
Riot also announced it has hired investment banks Evercore and Northland Capital Markets to lead discussions with potential AI and HPC partners.
CleanSpark joins MARA Holdings, Riot Platforms and Hut 8 Mining Corp as a major listed Bitcoin mining firm with 10,000 Bitcoin or more on its balance sheet.
Marathon Digital (MARA) is one of the largest players in the Bitcoin mining space, and it has just unveiled a new approach to managing cost of operations. In a bid to ease financial pressures and generate returns, the company is lending 7,377 BTC, or about 16% of its deposit. This strategic play demonstrates how the […]
Bitcoin miner Hive Digital will move its headquarters from Vancouver to Texas, saying Trump will make Bitcoin mining great again.
It’s beginning to look like a race as miners scramble to buy Bitcoin before the price keeps rallying.
Bitcoin mining company Riot Platforms has increased its BTC holdings with the addition of over 5,000 coins in the past few days. This significant purchase came on the back of reports that the miner was under pressure from activist investor Starboard Value. How Much BTC Does Riot Platforms Currently Own? On Friday, December 13, Riot […]
CleanSpark joins the crowd in raising funds through convertible notes, but doesn't plan to invest the proceeds.
The activist investor is said to be pushing Riot to optimize the use of its facilities the same way many of its colleagues already have.
Bitcoin recently experienced a small retrace from its all-time high of $99,800, dropping to a low of $90,700. Despite this pullback, the price action remains bullish as BTC shows resilience and recovers from the dip. Market momentum remains strong, with key players continuing to show confidence in the asset’s long-term potential. Related Reading: ‘Even In […]
Foreign real estate deals near sensitive U.S. military bases will get more government scrutiny under a new rule from the U.S. Department of the Treasury that has emerged after President Joe Biden ordered a China-tied crypto mining operation beside a Wyoming nuclear missile base shut down earlier this year.
Bitcoin miners could increase profitability and improve "bad balance sheets" by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck.
Marathon Digital Holdings, Inc. (NASDAQ: MARA), the world’s largest public listed Bitcoin miner with a market cap of more than $5 billion, has announced a strategic financial initiative to bolster its Bitcoin holdings through the issuance of $250 million in convertible senior notes. Thus, Fred Thiel, Chairman and CEO of Marathon Digital is adopting a […]
The hostile offer comes after a private offer to the board was rejected in April.
Bitcoin miner Marathon Digital has reviewed its hash rate target for this fiscal year to 50 EH/s, according to an April 25 statement. Initially, the miner aimed to boost its mining capacity by about 46% by year-end to as high as 37 EH/s from 24.7 EH/s. However, buoyed by its recent acquisition of a 200-megawatt […]
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The Bitcoin halving, one of the most anticipated crypto events in 2024, is less than a month away, and miners seem to be in full preparation for its aftermath. The April event is expected to slash mining rewards on the Bitcoin network in half, making the validation of transactions less lucrative. As of now, miners […]
The firm’s share price decline came just before activist short-selling firm JCapital Research released an unverified report warning Hut 8 investors of an “upcoming pump and dump.”
Marathon Digital mined a whopping 1,853 Bitcoin in December, its most ever in a month.
Bitcoin miners' reserves slid to the lowest since May following a spate of withdrawals to exchanges this week, data from CryptoQuant shows.