Bitfarms adopts shareholder rights plan as Riot attempts takeover
The plan, which passed after Bitfarms’ shareholder meeting, will complicate Riot’s effort but not necessarily stop it from succeeding. Go to Source
Bitcoin Mining
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Crypto Biz: ARK drops bid for spot Ether ETF, miners adapt after halving, and more
This week’s Crypto Biz explores ARK Invest’s partnership with 21Shares, Galaxy Digital’s tokenized loan for Animoca Brands, Avail’s fundraising, the Toposware acquisition, and Bitcoin miners’ first reports since the halving. Go to Source
Bitcoin network transaction fees temporarily soar to nearly $52
The network is currently experiencing temporary congestion due to over 300,000 unconfirmed transactions waiting to be processed on Friday morning. Go to Source
Bitdeer introduces energy-efficient Bitcoin mining chip
The chip will enhance Bitcoin mining performance, minimize power consumption, lower costs and reduce its environmental footprint. Go to Source
Core Scientific declines unsolicited Coreweave buyout bid
The unsolicited buyout bid followed a series of long-term business contracts in which Core Scientific would provide infrastructure for Coreweave. Go to Source
Largest Bitcoin mining firm sold 63% of mined BTC in May
Marathon Digital sold a large chunk of its Bitcoin production in May as miners adjusted operations after the halving event. Go to Source
Bitcoin halving impacts miner Riot’s revenue by 43% despite new facility
To keep up with the declining Bitcoin rewards, Riot Platforms opened a new mining facility near Corsicana, Texas. Go to Source
3 Bitcoin Mining Pools Wield 69% of Total Hashrate Discovering 301 Blocks in 72 Hours
Figures reveal that over the preceding 72 hours, three bitcoin mining pools discovered more than 69% of the 436 blocks found during that period. Foundry USA and Antpool, two industry titans, command a formidable 55.5% of Bitcoin’s total computational power. Foundry Dominates Bitcoin Mining in 12-Month Period, Discovers 15,651 Blocks Out of 53,528 In the … Read more
Bitfarms Sees 42% Revenue Drop in May Post-Bitcoin Halving
Bitfarms, a Bitcoin mining firm, reported a 42% drop in crypto mining revenue in May, the first full month following the Bitcoin halving in mid-April, which reduced their Bitcoin production from 263 BTC in April to 156 BTC in May. The company attributed part of the decline in production to “unusually cold temperatures” at its … Read more
Biden vetoes House and Senate votes on SEC’s anti-crypto resolution: Law Decoded
United States President Joe Biden has vetoed a resolution that would have overruled the U.S. Securities and Exchange Commission Staff Accounting Bulletin No. 121. Go to Source