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.
Mining
Bitcoin Whales Sold Over $1B BTC in Past Two Weeks: CryptoQuant
The selling coincides with net outflows from U.S.-listed bitcoin ETFs in the same period, data shows.
Bitcoin Miners Cash in on BTC Rally as Crypto Exchange Transfers Hit Two-Month High
Transfers from bitcoin {{BTC}} mining pools to exchanges reached a two-month high this week as BTC hovered around its local high $70,000.
Venezuela to shut down cryptocurrency mining farms
Venezuela’s Ministry of Electric Power announced it would disconnect all cryptocurrency mining farms from the national power grid (SEN, Sistema … Continue reading
The post Venezuela to shut down cryptocurrency mining farms appeared first on Finbold.
U.S. Senate’s Warren Warns National Security Chiefs About Iranian Crypto Mining
U.S. Sen. Elizabeth Warren (D-Mass.), one of the most prominent critics of cryptocurrency hazards, warned the top military and financial officials that Iran relies on digital assets mining as a source of revenue that can lessen the pressure from U.S. sanctions.
Bitcoin Miner Hut 8’s Post-Merger Prospects Look Good: Benchmark
The new Hut 8 (HUT), resulting from the merger with US Bitcoin Corporation (USBTC) that closed last November, features a diversified business model with multiple revenue streams, broker Benchmark said in a research report on Monday.
The Bitcoin Halving Is Here, and With It a Giant Surge in Transaction Fees
Soccer has the World Cup. Athletics and many other sports have the Olympics. Crypto has the halving. The milestone in the blockchain’s 15-year history technically means a cut in rewards for crypto miners with each block – a feature designed to minimize inflation.
This Bitcoin Halving Is Different. But Is It ‘Priced In’?
Institutions launching Bitcoin ETFs this year have buoyed the bitcoin price to record levels. Does that mean the impact of the halving — the four-year slashing of the bitcoin reward — will be relatively muted this time, as any pontential bump is “priced in”?
Crypto for Advisors: Bitcoin’s Supply Reduction
What does Bitcoin’s fourth halving mean, and why does it matter?
Tether Reorganizes Into 4 Divisions as It Expands Beyond Stablecoins
The company has formed four divisions to reflect its broadening focus: Data, Finance, Power and Edu(cation).