Bitcoin Miner Hut 8 Secures Up to $50M in Loans From Coinbase
The first $15 million will be drawn shortly after closing the deal, while another $15 million is conditional on closing a merger with peer USBTC.
Bitcoin Mining
APLD Signs Artificial Intelligence Hosting Deal Worth Up to $460M
Shares of miner Applied Digital surged on Nasdaq as the firm announced a second AI cloud hosting deal.
Bitcoin Miner Iris Energy Revives High-Performance Computing Strategy Amid Booming Interest in AI
Miners are increasingly looking to fill data center space with AI and cloud computing.
El Salvador’s Volcano Energy Secures $1B in Commitments for 241 MW Bitcoin Mine
The 241 MW site will be powered by wind and solar energy.
Marathon Digital Mined 77% More Bitcoin in May With the Help of Its Software
The miner’s bitcoin production per unit of computing power was low in April.
Bitcoin Miner CleanSpark Buys 12,500 Bitmain Machines for $40.5M
CleanSpark has been buying up assets during the bear market to reach its 2023-end of 16 EH/s, but discounts are getting smaller.
Stablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay
Tether announced this month to invest a part of its net realized profits in BTC purchases and infrastructure.
Bitcoin Mining Difficulty’s Record Setting Streak Shows No Signs of Stopping
The difficulty of mining bitcoin is poised to set a new all-time high this week as miners continue to deploy new mining machines to cash in on recent spike in revenue.
Coinmint Sues California Chipmaker for $23M, Alleging ‘Elaborate Deception’
The mining firm, which has been embroiled in several legal battles, describes an elaborate fraud scheme for a $150 million contract.
USBTC Aims to Become Bitcoin Mining Giant After Deal to Buy Celsius Assets
The miner will receive $15 million management fee for the Celsius mining assets, which it will operate exclusively.