75% of Marathon’s mining fleet still offline two weeks after huge storm
Marathon’s CEO Fred Thiel said that it will take time to get the facility back to full strength, but that the company could decide to speed up its move out…
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Not bothered: Miners ‘not impacted by volatility’ in Bitcoin market
In the face of extreme fear in the Bitcoin market, miners are unfazed and may even welcome a downturn as it opens up the opportunity to gain more hash power.
Marathon Digital moves Montana BTC mine to pursue carbon neutrality
The Bitcoin miner’s push to make its facilities run on clean energy reflects a push in the industry for all mining operations to do the same, or to at least…
Bitcoin Mining Startup Primeblock to Go Public via SPAC Merger as SEC Targets SPAC Deals
The bitcoin mining startup Primeblock has announced plans to go public via a special purpose acquisition company (SPAC) deal. Primeblock will merge with a blank-check firm 10X Capital Venture Acquisition…
DCG Mining Subsidiary Foundry Joins Texas Blockchain Council to Help Shape Crypto Public Policy
On Tuesday, Digital Currency Group’s (DCG) mining subsidiary, Foundry Digital, announced the company has joined the Texas Blockchain Council (TBC), a nonprofit industry association in the state of Texas. Foundry…
US Bitcoin miners expanding operations despite price volatility
Some BTC miners in the U.S. expect to double their capacity through 2022 while other global operations have been selling BTC to secure cash reserves.
Bitcoin miners selling stock and BTC as returns halve since November
Miners are starting to get strapped for cash and need a boost since BTC has dropped in price since November and revenue has fallen even further due to increased competition.
Galaxy Digital Plans to Raise $500 Million in Debt Market to ‘Accelerate Growth Initiatives’
Galaxy Digital Holdings Ltd. has revealed the firm is looking to raise $500 million in an exchangeable senior note offering. The investment company, founded by billionaire investor Mike Novogratz in…
Marathon Plans to Raise $500 Million From Convertible Senior Notes to Buy Bitcoin and Mining Rigs
On Monday, the enterprise bitcoin mining operation Marathon Digital Holdings announced the firm will raise $500 million from convertible senior notes in order to accrue more “bitcoin or bitcoin mining…
Riot Blockchain tripled production this year and is hoarding $194M in Bitcoin
Public mining firm Riot Blockchain has more than tripled its year-to-date Bitcoin production.