CleanSpark scoops up 1K+ mining rigs at ‘substantially discounted price’
“We are seeing unprecedented opportunities in this market,” said CleanSpark president and CEO Zach Bradford. Go to Source Powered by WPeMatico
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Crypto miners in Texas shut down operations as state experiences extreme heat wave
ERCOT reported that wind generation in Texas was “generating significantly less,” potentially leaving the state unable to meet energy demands during triple-digit temperatures. Go to Source Powered by WPeMatico
Voyager can’t guarantee all customers will receive their crypto under proposed recovery plan
The crypto lending firm said that the exact amount reimbursed to users will “depend on what happens in the restructuring process and the recovery of 3AC assets.” Go to Source Powered by WPeMatico
Major South Korean telecom company plans launch of blockchain wallet for crypto and NFTs
In 2020, the company also launched a wallet for blockchain-powered digital certificate storage aimed at addressing certifications amid the COVID-19 pandemic. Go to Source Powered by WPeMatico
US Asks Japan to Pressure Crypto Exchanges, Miners Working With Russia, Report Unveils
U.S. diplomats have reportedly called on authorities in Tokyo to increase pressure on Japanese crypto exchanges and miners to sever links to Russia. The request was made to deepen Moscow’s financial isolation amid the ongoing Russian assault on Ukraine. Washington Wants Japan’s Crypto Companies to Cut Ties, Further Isolate Russia The United States has urged … Read more
Another miner cashes in: Argo Blockchain reports selling 637 BTC to pay debts
Argo reported it had an outstanding balance of $22 million on a loan from Galaxy Digital, from which it secured BTC-backed loan agreements in 2021. Go to Source Powered by WPeMatico
Coming to Texas: Riot Blockchain announces plans to move NY miners to Lone Star State
Moving rigs from New York to Texas was part of Riot’s effort to reduce the firm’s operating expenses through lower power costs and eliminate “all third-party hosting fees.” Go to Source Powered by WPeMatico
Core Scientific sold $167M worth of Bitcoin holdings in June
The sale left the firm with 1,959 BTC at the end of the second quarter, a more than 75% drop when compared with its reported 8,058 BTC holdings as of May 31. Go to Source Powered by WPeMatico
BlockFi announces deal with FTX US, including ‘option to acquire’ for $240M
According to CEO Zac Prince, BlockFi signed agreements with FTX US totaling $680 million — for a company that had a $5 billion valuation in June 2021. Go to Source Powered by WPeMatico
Ignite CEO announces departure after seven years
Peng Zhong stepped down as CEO roughly a month after former company head Jae Kwon said he would be leading NewTendermint, part of Ignite’s split to two firms in May. Go to Source Powered by WPeMatico