Hut 8 to raise up to $500M to buy Bitcoin as a strategic reserve asset
Hut 8 stock surged almost 8% following the announcement of the stock repurchase program. Go to Source
Bitcoin Mining
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BIT Mining Acquires Ethiopian Data Centers and Mining Machines
BIT Mining (NYSE: BTCM) has agreed to acquire 51-megawatt crypto mining data centers and 17,869 bitcoin mining machines in Ethiopia for $14.28 million. The consideration comprises a cash payment of $2.265 million and the issuance of Class A ordinary shares of the Company with a par value of $0.00005 per share, amounting to an aggregate … Read more
Bitcoin miner Hut 8 argues to toss ‘short and distort’ shareholder suit
Hut 8 has argued a lawsuit from its shareholders arose “from a short seller’s attempt to obtain a monetary gain on its short position” in the crypto miner. Go to Source
Bitcoin miner Foundry lays off staff amid restructuring
Foundry let go of 16% of US staff as part of a broader restructuring that includes spinning out its self-mining business. Go to Source
MARA rolls out advanced ASIC recycling with wind power
The Bitcoin miner will save energy and money by using excess wind power and recycled ASICs at its newly purchased facility in Texas. Go to Source
MARA Holdings acquired over $600M Bitcoin in the last two months
MARA Holdings urged the US government to be more aggressive in securing positions in Bitcoin and Bitcoin mining. Go to Source
A Deep Dive into Bitcoin Mining Veteran Hut 8
A deep dive into Hut 8 Mining, uncovering its often overlooked business sectors. Understand its financial performance, strategic initiatives and HPC/AI developments. The following guest post comes from Bitcoinminingstock.io, providing comprehensive data, in-depth research, and analyses on Bitcoin mining stocks. Originally published on Nov. 29, 2024, it was penned by Bitcoinminingstock.io author Cindy Feng. The … Read more
Bitcoin Miners Raised Over $5 Billion in 2024 With $3.6 Billion Spent on Machines and Infrastructure
Bitcoin mining companies channeled a significant portion of their fund raises into machine and infrastructure upgrades. Miners Raise Big and Invest Big in Bitcoin Mining 16 publicly traded bitcoin mining companies have raised more than $5 billion in 2024, according to theminermag.com. The report also revealed that Q3 had the biggest property, plant, and equipment … Read more
Microsoft breakthrough signals quantum-exclusive future for blockchain mining
The new hardware could ultimately host a theoretical algorithm with the potential to transform proof-of-work. Go to Source
Publicly traded mining companies spend $3.6B on PP&E so far in 2024
Crypto mining hardware typically has a lifespan between 3-5 years on average and must be periodically upgraded to maintain profitability. Go to Source
