Hut 8 Reports $331M Net Income in 2024 While Expanding AI Infrastructure
The bitcoin miner held over 10,000 bitcoin at the end of last year.
Bitmain
Chinese Bitcoin company centralizes mining operations, study suggests
Bitcoin (BTC) is the leading cryptocurrency whose core value lies in being secure and uncensorable money powered by a decentralized … Continue reading
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IPO backed by Bitcoin mining titan struggles on first trading day
BitFuFu, a cryptocurrency mining company, achieved a significant milestone by going public on the Nasdaq stock exchange through a merger … Continue reading
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Bankrupt Bitcoin Miner Core Scientific to Buy 27K Bitmain Servers for $77M
Bitcoin miner Core Scientific (CORZQ) has agreed to exchange $23.1 million in cash and $53.9 million in common stock for 27,000 Bitmain S19J XP 151 TH bitcoin mining servers, according to a press release.
Amid Sanctions, Bitcoin Mining Machines Are ‘Flowing’ Into Russia, as Industry Thrives
Mining rig makers like Bitmain and MicroBT are expanding to Russia as the U.S. market becomes saturated, source said.
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.
Hong Kong Asset Manager Metalpha Secures $5M from Bitmain for Grayscale-Based Fund
The firm has so far received $20 million out of its $100 million target for the fund.