Biden’s Nonsensical Proposed 30% Tax Would Kill Bitcoin Mining in the U.S.
(President Joseph Biden, on Twitter/X)
Bitcoin Mining
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.
Riot Platforms Is Best Suited to Consolidate Bitcoin Mining Sector: Bernstein
The company has the financial capacity to consolidate the bitcoin mining space, the report said.
Riot Plans Hostile Takeover of Bitfarms; Proposes $2.30 Per Share
Bitfarms’ shares were up nearly 6% at $2.13 as of 14:00 UTC following Riot’s announcement.
Bitcoin Miner Marathon Digital Signs Deal With Kenya to Invest in Green Energy Projects
The company will help monetize stranded energy in the African country and help manage its renewable energy production.
Biden Order to Halt China-Tied Bitcoin Mine Beside Nuke Base Came as U.S. Firm Just Bought it
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.
Bitcoin Mining Cost Drops to $45K as Inefficient Miners Exit: JPMorgan
The bank sees limited upside for the bitcoin price in the near term due to a number of headwinds.