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.
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Bitdeer received an investment worth $150 million from stablecoin company Tether at the end of last month.
Bitdeer intends to use the proceeds to fund its data center expansion and ASIC-based mining rig development, the Singapore-based company said.
The company has the financial capacity to consolidate the bitcoin mining space, the report said.
Bitfarms’ shares were up nearly 6% at $2.13 as of 14:00 UTC following Riot’s announcement.
The company will help monetize stranded energy in the African country and help manage its renewable energy production.
President Biden’s emergency order to halt the Chinese-tied mining on the doorstep of a nuclear-missile base hit days after mining giant CleanSpark struck a deal to buy the property.
The bank sees limited upside for the bitcoin price in the near term due to a number of headwinds.
The miner’s bitcoin stash is a protective feature for investors and opportunistic capital for the business to use for growth, the report said.
Argentina’s largest electricity company, YPF Luz, has entered into an agreement with Genesis Digital Assets Limited (GDA). The partnership will … Continue reading
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