Ex-Bitfarms interim CEO steps down amid board shakeup
Bitfarms announced a new member and leadership to its board as Riot Platforms’ still appeared poised to replace three members in October. Go to Source
Bitcoin Mining
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Bitcoin Miner Core Scientific Announces $350 Million Convertible Senior Notes Offering
Core Scientific, Inc., a prominent digital infrastructure provider for bitcoin mining, has revealed its intent to issue $350 million in convertible senior notes. This offering is anticipated to close in September 2029, with the raised capital earmarked primarily for debt repayment and other corporate necessities. Core Scientific Unveils Convertible Notes Offering, Eyes Debt Repayment On … Read more
Cleanspark Secures 26,000 Bitmain Immersion Miners in $167.7M Deal
Cleanspark, a publicly-listed bitcoin mining company, recently shared in its 10-Q report that it has acquired 26,000 units of Bitmain’s S21 XP immersion-cooled bitcoin mining machines. These types of cutting-edge immersion miners, known for their quieter operation and impressive hashrate performance, are gaining traction in the industry. Cleanspark to Acquire Next-Gen Immersion-Cooled Mining Rigs From … Read more
Hive Digital sales up 36% as Bitcoin miner forays into AI compute
Hive’s new high-performance computing platform clocked around $2.6 million in sales in the second quarter of 2024. Go to Source
Marathon Digital stamps ‘Made in USA’ on Bitcoin blocks mined
The stunt follows presidential candidate Donald Trump’s statement that he wants all the remaining Bitcoin to be “Made in the USA.” Go to Source
TeraWulf Bitcoin production falls 21% in Q2, looks to AI expansion
Bitcoin miner TeraWulf mined 699 Bitcoin in Q2 — a 21% year-over-year decline — but still beat analyst expectations with $35.6 million in quarterly revenue. Go to Source
Bitdeer clocks 50% gross profit jump amid Bitcoin mining ramp up
The Bitcoin miner reported a net loss of $17.7 million in the second quarter of 2024 despite hashrate growth. Go to Source
Bitcoin price dip may retest $55K before next leg up
Based on Wednesday’s upcoming CPI reading, Bitcoin lost a key trend line when it fell under $63,000, but it could still be on track to recover. Go to Source
World’s largest Bitcoin miner announces $250M raise to buy more Bitcoin
The new raise is part of Marathon’s strategy to go “full hodl” and make Bitcoin a strategic reserve asset for the company. Go to Source
Bitcoin miners record lowest daily revenue of 2024
Bitcoin miners’ daily revenue hit a new yearly low of $2.5 million, but strategic overhauls keep some companies profitable amid industry challenges. Go to Source