German Bitcoin mining and cloud computing firm Northern Data AG is reportedly planning an initial public offering (IPO) in the United States, with ambitions to achieve a valuation of up to $16 billion. This information comes from a Bloomberg report published on July 1, citing sources familiar with the matter. ...
Bitdeer, a bitcoin mining firm founded in 2020 by Chinese billionaire Jihan Wu, has made a strategic move by entering into a 30-year leasing deal with the Monroe County Port Authority. This deal secures up to 570 MW of extra power capacity at the Hannibal Industrial Park in Clarington, Ohio, ...
Greenpeace USA, an environmental nonprofit organization, has released a new report asserting that major Wall Street financial institutions should be held accountable for financing the "emissions-heavy" Bitcoin mining industry. The report, titled "Bankrolling Bitcoin Pollution: How Big Finance Supports a New Climate Threat," highlighted how Wall Street and the banking ...
Bitcoin mining company Riot Platforms (RIOT) experienced a decline in its stock price on Wednesday, June 5, 2024, following an announcement by the short-selling firm Kerrisdale Capital. Earlier in the day, the stock dropped 9.6% to $8.84 within the first hour of trading on the Nasdaq. RIOT's stock continued to ...
Bitdeer Technologies Group, a leading blockchain and high-performance computing company, has announced a significant investment from Tether International Limited. According to a press release, the two companies completed an agreement on May 30, 2024, in which Tether acquired over 18,587,360 Class A ordinary shares of Bitdeer, along with a warrant ...
OCEAN, a Bitcoin mining pool supported by Jack Dorsey and led by Bitcoin Core developer Luke Dashjr, has announced the formation of a new entity in El Salvador. OCEAN offers decentralized Bitcoin mining services that empower miners to control the critical aspects of mining without having to own the required ...
Bitcoin mining software company Luxor Technology Corporation has launched "Hashrate Futures," a bitcoin mining derivative product, on Bitnomial's US-based derivatives exchange. This financial product, developed through a partnership between Luxor and Bitnomial, is the first of its kind. According to its press release, the product advances Luxor's goal of providing ...
Bitcoin Mining company Marathon Digital Holdings has released its unaudited Bitcoin production and mining operation updates for April 2024, revealing a 15% month-over-month surge in its average operational hashrate. During this period, it reached a hashrate of 21.1 exahash per second (EH/s). This company attributed this increase to successfully energizing ...
In an exceptional turn of events, a single Bitcoin miner has defied the odds by successfully solving a Bitcoin block alone, claiming the full 3.125 Bitcoin (BTC) block reward. This accomplishment was announced by Con Kolivas, a software engineer and administrator from the solo mining pool, ckpool. According to Kolivas, ...
Volcano Energy, a public-private partnership in El Salvador, has secured an initial funding of $250 million for its ambitious Bitcoin mining project. This funding is part of a $1 billion commitment to construct a state-of-the-art mining farm in the country. Max Keiser, the chairman of Volcano Energy, took to Twitter ...
