Celsius’ Bitcoin Mining Assets to Restart as New Firm Prepares to Go Public
The new company, Ionic Digital, expects to hit mining capacity of 12.7 exahash per second (EH/s).
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The new company, Ionic Digital, expects to hit mining capacity of 12.7 exahash per second (EH/s).
GRIID commenced trading on the Nasdaq Global Market on Monday under the ticker symbol “GRDI” while continuing to trade on Cboe Canada under the same ticker.
Miners such as Bitfarms (BITF), Hut 8 (HUT) and TeraWulf (WULF) were among the outperformers.
The mining business aims to reach 8 EH/s mining power and already has 4.5 EH/s operational after starting the unit in the summer of 2023.
Deus X Capital partnered with Fabiano Consulting to provide funding and strategic advice to miners.
The broker says it prefers outperform rated mining stocks Riot Platforms (RIOT) and CleanSpark (CLSK).
The bankrupt miner received court approval for its Chapter 11 reorganization plan and plans to re-list shares on Nasdaq end of January.
ASIC Miners (Sandali Handagama/CoinDesk)
Strong miners might be about to eat the weak ones as the reward for mining BTC gets cut in half, experts say.
The findings have an echo of De Vries’ previous criticisms of Bitcoin, which have hitherto centered on the electricity usage of bitcoin mining.