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Bitcoin miner Hut 8 grows hashrate 79% despite $134M quarterly loss


Cryptocurrency mining firm Hut 8 increased its hashrate by 79% during the first quarter of the year.According to Hut8’s latest quarterly report released on May 8, the firm saw a net loss of $134.3 million despite revenue of $21.8 million. The firm’s CEO, Asher Genoot, explained that...

Bitcoin miner Hut 8 grows hashrate 79% despite $134M quarterly loss


Cryptocurrency mining firm Hut 8 increased its hashrate by 79% during the first quarter of the year.According to Hut8’s latest quarterly report released on May 8, the firm saw a net loss of $134.3 million despite revenue of $21.8 million. The firm’s CEO, Asher Genoot, explained that...

Bitcoin miner Hut 8 grows hashrate 79% despite $134M quarterly loss


Cryptocurrency mining firm Hut 8 increased its hashrate by 79% during the first quarter of the year.According to Hut8’s latest quarterly report released on May 8, the firm saw a net loss of $134.3 million despite revenue of $21.8 million. The firm’s CEO, Asher Genoot, explained that...

Bit Digital Aims for $500M Raise to Fuel HPC, Cloud Expansion


Bit Digital plans to raise up to $500 million through an at-the-market (ATM) equity offering. The offering will be facilitated by investment bank H.C. Wainwright & Co., which will earn a commission of up to 3% on shares sold. New Funding to Support Excursion Into High-Performance Computing...

Deribit Targets US Expansion Amid Trump’s Crypto-Friendly Policies


Deribit, the world’s largest cryptocurrency options exchange with $1.3 trillion in trades last year, is considering entering the U.S. market, encouraged by President Donald Trump’s promise to make the country the global hub for digital assets like bitcoin, the FT reported. The Dubai-based company...

Deribit eyes US expansion under crypto-friendly Trump admin: FT


Deribit, the world’s largest crypto options exchange, is weighing an entry into the US market, encouraged by what it sees as a friendlier regulatory climate under President Donald Trump’s administration, according to a recent Financial Times report.The Dubai-based exchange, which...

Deribit eyes US expansion under crypto-friendly Trump admin: FT


Deribit, the world’s largest crypto options exchange, is weighing an entry into the US market, encouraged by what it sees as a friendlier regulatory climate under President Donald Trump’s administration, according to a recent Financial Times report.The Dubai-based exchange, which...

Deribit eyes US expansion under crypto-friendly Trump admin: FT


Deribit, the world’s largest crypto options exchange, is weighing an entry into the US market, encouraged by what it sees as a friendlier regulatory climate under President Donald Trump’s administration, according to a recent Financial Times report.The Dubai-based exchange, which...

Circle gets Abu Dhabi regulatory nod to expand in Middle East


USDC stablecoin issuer Circle has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), the company announced on April 29.The approval moves Circle closer to obtaining a full Financial Services Permission (FSP) license...

Circle gets Abu Dhabi regulatory nod to expand in Middle East


USDC stablecoin issuer Circle has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), the company announced on April 29.The approval moves Circle closer to obtaining a full Financial Services Permission (FSP) license...

Diablo 4 Doesn't Sound Like It's Headed To Switch 2 Anytime Soon


A lot of current-gen ports seem like a slam dunk for the Switch 2, and you might assume Diablo IV was one of them. But franchise boss Rod Fergusson recently appeared to pour cold water on the idea that the Blizzard game would be coming to Nintendo’s new console anytime soon. While it could run...

Bitdeer secures $60M to boost Bitcoin ASIC production amid record hashrate


Bitcoin mining firm Bitdeer has secured a $60 million loan to ramp up its Bitcoin ASIC manufacturing efforts as global mining competition intensifies amid record-breaking network hashrates.According to its annual report, Bitdeer entered a loan agreement in April with affiliate firm Matrixport,...

Bitdeer secures $60M to boost Bitcoin ASIC production amid record hashrate


Bitcoin mining firm Bitdeer secured $60 million in loans to ramp up its Bitcoin ASIC manufacturing efforts as global mining competition intensifies amid record-breaking network hashrates.According to its annual report, Bitdeer entered a loan agreement in April with affiliate firm Matrixport,...

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