Crypto Biz: MicroStrategy’s Bitcoin bet swells
This week’s Crypto Biz features MicroStrategy’s Bitcoin strategy, Coinbase’s and Kaiko’s recent acquisitions, MARA’s third-quarter earnings, and MoonPay’s new fiat gateway. Go to Source
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Marathon, Riot record highest monthly BTC production since April halving
Both firms partly attributed the rise in Bitcoin production to increasing their respective energized hash rates in October. Go to Source
Bitcoin mining stocks rocket 24% on macro climate, AI play: Analyst
Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said. Go to Source
Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham
Tesla’s massive Bitcoin transfers initially sparked fears of a market dump, but Arkham’s data suggests the assets are still under the firm’s control. Go to Source
Bitcoin miners may gain $13.9B yearly from 20% shift to AI and HPC: VanEck
Bitcoin miners could increase profitability and improve “bad balance sheets” by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck. Go to Source
Marathon Digital buys $249M Bitcoin, reserves reach 25K BTC
Marathon’s latest 4,144 Bitcoin buy comes as boss Fred Thiel last month said it was adopting a “hodl strategy” for the cryptocurrency. Go to Source
Cleanspark Secures 26,000 Bitmain Immersion Miners in $167.7M Deal
Cleanspark, a publicly-listed bitcoin mining company, recently shared in its 10-Q report that it has acquired 26,000 units of Bitmain’s S21 XP immersion-cooled bitcoin mining machines. These types of cutting-edge immersion miners, known for their quieter operation and impressive hashrate performance, are gaining traction in the industry. Cleanspark to Acquire Next-Gen Immersion-Cooled Mining Rigs From … Read more
Marathon Digital stamps ‘Made in USA’ on Bitcoin blocks mined
The stunt follows presidential candidate Donald Trump’s statement that he wants all the remaining Bitcoin to be “Made in the USA.” Go to Source
MARA Announces $250M Private Offering of Convertible Senior Notes to Buy More Bitcoin
Marathon Digital Holdings, Inc., now simply known as MARA, is rolling out a plan to offer $250 million in convertible senior notes set to mature in 2031. This move, targeting qualified institutional buyers, aims to generate funds for corporate ventures and the purchase of more bitcoin. MARA to Purchase More Bitcoin Following Private Sale As … Read more
World’s largest Bitcoin miner increased BTC holdings by $124M in July
Marathon Digital holds over $1.1 billion worth of Bitcoin after the company decided to go full ‘HODL.’ Go to Source
