Hut 8 Receives $150M Investment as Thirst for Energy Brings AI Firms to Bitcoin Miners
The funding came from Coatue Management, which is also an investor in CoreWeave, a cloud-computing firm looking to take over miner Core Scientific.
Bitcoin Mining
Bitcoin Miner Riot Platforms Ditches Bitfarms Takeover Bid, Seeks to Overhaul Board
Riot is Bitfarms’ largest shareholder, owning 14.9% of the firm.
Bitcoin Mining Sector Is Attracting Growing Investor Interest Following Core Scientific Deal: JPMorgan
Iris Energy is best positioned to take advantage of the HPC/AI opportunity, the report said.
Bitcoin Hashrate May Finally Slow as Miners Face Scorching Summer Heatwaves
Hashrate for Bitcoin network typically becomes flat or declines during North American summer time, industry experts say.
Telecom Giant and T-Mobile Parent Deutsche Telekom Plans to Mine Bitcoin
The company revealed that its also running Bitcoin and Lightning network nodes.
Biden’s Nonsensical Proposed 30% Tax Would Kill Bitcoin Mining in the U.S.
(President Joseph Biden, on Twitter/X)
ERCOT CEO: Texas’ Power Grid Needs Larger Increase Than Expected to Handle AI, Bitcoin Mining
The Electric Reliability Council of Texas’ CEO said in Senate testimony that the state’s grid capacity will need to double in the next decade to handle demand, while the Lieutenant Governor of Texas says more scrutiny is coming for this industry.
Trump’s Appeal to Bitcoin Miners Is a Wakeup Call for Crypto to Stay Apolitical
It may seem like the industry is finally getting the political support it needs. But proceed with caution.
Bitcoin Miner Bitdeer to Buy ASIC Chip Designer Desiweminer for $140M in All-Stock Deal
Bitdeer received an investment worth $150 million from stablecoin company Tether at the end of last month.
Tether Buys $100M Worth of Bitdeer Shares With Option to Purchase $50M More
Bitdeer intends to use the proceeds to fund its data center expansion and ASIC-based mining rig development, the Singapore-based company said.