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Tag: Bitcoin Mining

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Bitcoin News

Bitcoin Mining Giants Reveal Q3 Earnings, Total BTC Holdings Reach 12,898

Hut 8 (HUT) demonstrated robust financial growth in the third quarter of 2024, reporting revenue of $43.7 million, which fell slightly short of expectations...
Bitcoin News

Jack Dorsey’s Block Expands Investment For Bitcoin Mining Amid Skyrocketing Prices

Jack Dorsey's payment firm Block is planning to invest double in Bitcoin mining and self-custody business named Bitkey. The move comes at a time...
Bitcoin News

Bitfarms Expands U.S. Operations With New Hosting Deal For 10,000 Mining Machines

Canada-based Bitcoin miner Bitfarms has strengthened its U.S. operations by signing a second hosting agreement with Stronghold Digital Mining. Under this new agreement, Bitfarms...
Bitcoin News

Bitcoin Miners Face Rising Production Costs & Funding Challenges, Says CoinShares Q3 Report

According to CoinShares' Q3 Mining Report, the Bitcoin mining industry continues to face steep challenges this year as rising production costs and constrained access...
Bitcoin News

Bitmain’s Metalpha Invests In Prosper Protocol Amid BTC Mining & Derivatives Market Expansion

In a significant development for the cryptocurrency mining sector, Metalpha, an affiliate of mining giant Bitmain, has announced a strategic investment in Prosper Protocol's...
News

Cryptocurrency Miner Northern Data Seeks AI Foothold as Bitcoin Market Slows

European crypto mining company Northern Data is planning to refocus a part of its operations towards AI. According to reports, Northern Data, a company...
Bitcoin News

IREN Faces Class Action Lawsuit Over Misrepresenting Crypto Mining Operations

Iris Energy, which is now known as IREN, has been thrown into a class action lawsuit alleging that the crypto miner lied about its...
News

Marathon Digital Faces Lawsuit Over Bitcoin Mine Noise Pollution

On October 4, 2023, over two dozen residents of Granbury, Texas, filed a lawsuit against cryptocurrency mining company Marathon Digital Holdings. The legal action,...
Bitcoin News

Bhutan Becomes Fourth Largest Government Bitcoin Holder With 13,011 BTC

The small South Asian country of Bhutan has emerged as one of the largest holders of Bitcoin, according to Arkham Intelligence. The country holds...
Bitcoin News

Russia Mines 54K Bitcoins In 2023, Adds 50 Billion Rubles To State Revenue

According to a Russian local news report, Russia has emerged as a significant player in the global cryptocurrency mining industry, with 54,000 bitcoins mined...
Bitcoin News

Bitcoin Mining Company Rhodium Enterprises Files Chapter 11, Holds $50M- $100M Dept

Rhodium Enterprises, a well-known Bitcoin mining firm, has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District...
Bitcoin News

Marathon Digital To Issue $250M In Convertible Senior Notes To Expand BTC Holdings

Marathon Digital Holdings, the world’s largest Bitcoin mining company, has announced a $250 million offering of convertible senior notes due in 2031. This private...

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