CleanSpark to raise $550M via bond, not buy BTC with proceeds
CleanSpark joins the crowd in raising funds through convertible notes, but doesn’t plan to invest the proceeds. Go to Source
Riot Platforms
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Riot Platforms buys more than $500M in Bitcoin
The purchase came amid reports that the Bitcoin mining company was under pressure from activist investor Starboard Value. Go to Source
Starboard Value takes stake in Riot Platforms, eyes AI shift
The activist investor is said to be pushing Riot to optimize the use of its facilities the same way many of its colleagues already have. Go to Source
Bitcoin ASIC maker Bitmain expands production line into US
It comes as US Bitcoin miners have had to deal with delayed deliveries of Bitmain ASICs that have been stuck at US ports of entry for weeks. Go to Source
Riot Platforms raising $500M to buy Bitcoin amid price surge
If it follows through with its proposal, Riot Platforms will join many of its colleagues in paying top prices for BTC. Go to Source
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
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 to have ‘crazy decade’ as global wealth managers dive in
Cointelegraph spoke with Riot Platforms’ Pierre Rochard and Metaplanet’s Dylan LeClaire at the Bitcoin Amsterdam 2024 conference. Go to Source
Crypto Biz: Bitfarms gets new board after months of power struggles
Bitfarms and Riot Platforms settle months of corporate disputes with board review, while BlackRock moves for changes to Bitcoin ETF withdrawals. Go to Source
Bitfarms, Riot settle dispute with board changes
Bitfarms’ board will see Andrés Finkielsztain step down, while Amy Freedman and a sixth member will join the board. Go to Source
