Marathon Digital Holdings has announced plans to raise $250 million through a private offering of convertible senior notes. The world's largest Bitcoin mining firm revealed this in a press release published today, August 12, 2024. The release stated that the funds would be used to expand its Bitcoin holdings and ...
Bitcoin Miner Bitfarms has published its financial results for Q2 2024, revealing a mixed picture of operational progress and financial challenges. The company reported a total revenue of $42 million, marking a 16% decrease from the previous quarter and falling short of analyst expectations. Bitfarms attributed this decline primarily to ...
In its recently released financial report for the second quarter of 2024, European Bitcoin miner Northern Data reaffirmed that it is still on track with its full-year financial goals. The company reported revenue of EUR 26 million for Q2 2024, bringing its total revenue for the first half of the ...
Northern Data AG, a Bitcoin mining company based in Frankfurt, has announced a strategic move to bolster its operations with a substantial capital increase. The company aims to raise approximately €214 million by issuing 10,699,446 new bearer shares, equivalent to 20% of its current share capital. According to a press ...
David Fischer, the plant manager of a Marathon Digital mining site near Granbury, Texas, has been acquitted of 12 noise violation charges by a Texas jury. The charges were brought against him by local residents who claimed that the noise generated by the cooling systems used in Bitcoin mining operations ...
Hut 8 is significantly expanding its infrastructure thanks to a new power purchase agreement (PPA). This deal grants Hut 8 exclusive access to 205 megawatts of power and land in West Texas. According to a company press release, when completed, the agreement would to boost its total energy infrastructure capacity ...
Bitfarms, a major Bitcoin mining company, has reportedly named Ben Gagnon as its new Chief Executive Officer (CEO). The announcement, made on Monday, comes at a crucial time as the company faces a dispute with its largest shareholder, Riot Platforms, and undergoes a strategic review. This appointment follows a turbulent ...
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 ...
