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Category: Nasdaq Stock Exchange
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Nevada-Based Bitcoin Mining Operation Cleanspark Purchases 4,500 Bitcoin Miners From Bitmain
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Nvidia Limits the Efficiency of Mining Ether Using Its GPUs by 50%
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Cleanspark Buys US Bitcoin Miner for $19.4 Million, Plans to Quadruple Mining Capacity
Cleanspark Inc., a Nevada-based corporation, said Thursday that it is acquiring U.S. bitcoin miner ATL Data Centers for $19.4 million in a deal to be completely settled in shares. Cleanspark specializes in microgrid energy software. It claims that it can use this technology at the ATL facility to create energy savings, expand total power capacity, […]
The post Cleanspark Buys US Bitcoin Miner for $19.4 Million, Plans to Quadruple Mining Capacity appeared first on Bitcoin News.
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Microstrategy Plans a $400 Million Capital Raise to Buy More Bitcoin
Microstrategy Inc., said Monday that it is planning to sell $400 million in convertible senior notes to private investors so that it could buy more bitcoin. The Nasdaq-listed business intelligence and mobile software company already holds 40,824 bitcoin (BTC) in reserve, valued at $776 million at current prices of around $19,000 per each bitcoin. On […]
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Ripple Is Selling 33% of Its Stake in Moneygram
Ripple Labs Inc. is selling 4 million of its shares in Moneygram, or about a third of its total shareholding in the company. The decision seems in part to be motivated by the surging Moneygram share price and Ripple’s desire to cash out after buying the shares at a premium of $4.10 in 2019. At […]
The post Ripple Is Selling 33% of Its Stake in Moneygram appeared first on Bitcoin News.
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Marathon Buys Additional 10,000 Antminers to Become Largest US Bitcoin Miner
Nasdaq-listed Marathon Patent Group is buying 10,000 of the more efficient Antminer S19 Pro bitcoin miners from Bitmain in a deal worth millions of dollars. ▪ Marathon said the deal would boost the company’s operations to 23,560 next-generation miners, “making it the largest self-miner in North America”. ▪ When fully installed, the new machines will […]
The post Marathon Buys Additional 10,000 Antminers to Become Largest US Bitcoin Miner appeared first on Bitcoin News.
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Bitcoin Miner Marathon Agrees to Deal That Cuts Electricity Costs by 38% With US Power Company
Nasdaq-listed Marathon Patent Group has agreed to a joint venture deal with U.S. independent power producer Beowulf Energy to deliver cheap electricity for its bitcoin mining operations in the country’s north. In a statement on Tuesday, Marathon said that it will co-locate a bitcoin mining facility within Beowulf’s Big Horn Data Hub at its 105-megawatt […]
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Bitcoin Miner Maker Ebang Narrows First Half Loss To $7 Million, as Covid-19 Hit Demand
Ebang International Holdings Inc., the Chinese maker of bitcoin mining hardware, reported a net loss of $6.96 million during the first six months of this year, down from $19.07 million a year ago, as demand fell due to the coronavirus pandemic. Revenue plunged 51% to $11.04 million from $22.35 million previously, said the company in […]
The post Bitcoin Miner Maker Ebang Narrows First Half Loss To $7 Million, as Covid-19 Hit Demand appeared first on Bitcoin News.
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Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak
Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid the Covid-19-induced global recession. For the three […]
The post Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak appeared first on Bitcoin News.
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