Marathon Digital fined $138M for non-circumvention agreement breach
Marathon Digital has been fined $138M for breaching a non-disclosure, non-circumvention agreement with former executive Michael Ho. Go to Source
Bitcoin Mining
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Swan Bitcoin delays IPO plan, announces shutdown of mining unit
The CEO said that, without revenue from the mining arm, the company expected to halt its plans for a public offering and announced staff cuts. Go to Source
Crypto Biz: Tether to track USDT usage, Cipher gets takeover offer, and more
This week’s Crypto Biz also explores Tether’s new hiring, a takeover bid for Cipher, Grayscale new decentralized AI fund, Ether ETFs, and more. Go to Source
Bitcoin hashrate drawdown hits bear market levels, but miners aren’t selling
Could miner capitulation signal that selling pressure is easing, or could it be the death spiral that takes Bitcoin out of its decade-long run? Go to Source
Bitcoin miner Cipher receives takeover offer, considers sale: Report
Cipher’s initial public offering (IPO) was in 2021. Its current market cap is more than $2 billion. Go to Source
Bitcoin L2s help crypto miners in Asia supplement income with staking
Bitcoin L2s remain crucial to the Asian crypto ecosystem, offering miners new revenue streams after the most recent halving. Go to Source
Crypto stocks surge alongside Bitcoin price rally
Crypto stocks’ strong performance was largely attributed to growing bets that Donald Trump will win the presidential election. Go to Source
Bitcoin Miner Northern Data AG Announces 20% Capital Increase With a $233M Investment From Tether
On Monday, Northern Data AG said it has resolved to increase its share capital by 20%, planning to raise €214 million ($233 million) through the issuance of new shares. The company aims to enhance its cloud platform and expand its data centers in Europe and the United States. Bitcoin Miner Northern Data AG Reveals Capital … Read more
US Bitcoin miners hodl in expectation of BTC price rises
US mining firms are confounding pre-halving expectations by hodling the BTC they mine. Go to Source
Bitfarms calls October shareholder meeting amid attempted Riot takeover
Riot Platforms holds just under a 15% stake in Canadian mining firm Bitfarms and hopes to replace key board members with picks seeming favorable to its interests. Go to Source
