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Bitcoin Miner Bitdeer Unveils $150M Convertible Notes Offering With 8.5% Yield
17.8.2024
Bitdeer Technologies Group has set the stage for a $150 million convertible notes offering, featuring an annual interest rate of 8.5%. The deal is scheduled to wrap up on Aug. 20, 2024. This move aligns with a broader trend in the bitcoin mining sector, where firms have collectively secured $2.1...
IMF execs float raising crypto mining electricity prices by 85%
16.8.2024
A tax on the energy used by crypto miners could cut emissions by 100 million tons a year, equal to Belgium’s emissions, say two IMF executives
Cryptoquant: Bitcoin Miners Expand Capacity But Struggle to Stay Profitable
15.8.2024
Bitcoin miners are expanding their hashing capacity, reaching new record highs despite ongoing challenges in profitability. This report from Cryptoquant Institutional Insights highlights that miners are selling off assets as they face diminishing profit margins and rising operational difficulties....
Iran is giving $24 to anyone who dobs in illegal crypto miners
15.8.2024
The boss of Iran’s state-run electricity company said some had exploited subsidized electricity to run crypto mining operations, straining the power grid
Marathon Digital buys $249M Bitcoin, reserves reach 25K BTC
15.8.2024
Marathon’s latest 4,144 Bitcoin buy comes as boss Fred Thiel last month said it was adopting a “hodl strategy” for the cryptocurrency
Bitcoin Miner Capitulation and Record High Hashrate Points to Possible Price Bottom: CryptoQuant
14.8.2024
Such expansion comes despite a recent drop in bitcoin (BTC) prices, indicating positive sentiment among miners after a bout of selling in the past few months
Bitcoin Miner Core Scientific Announces $350 Million Convertible Senior Notes Offering
13.8.2024
Core Scientific, Inc., a prominent digital infrastructure provider for bitcoin mining, has revealed its intent to issue $350 million in convertible senior notes. This offering is anticipated to close in September 2029, with the raised capital earmarked primarily for debt repayment and other...
Hive Digital sales up 36% as Bitcoin miner forays into AI compute
13.8.2024
Hive's new high-performance computing platform clocked around $2.6 million in sales in the second quarter of 2024
TeraWulf Bitcoin production falls 21% in Q2, looks to AI expansion
13.8.2024
Bitcoin miner TeraWulf mined 699 Bitcoin in Q2 — a 21% year-over-year decline — but still beat analyst expectations with $35.6 million in quarterly revenue
TeraWulf Bitcoin production falls 21% in Q2, looks to AI expansion
13.8.2024
Bitcoin miner TeraWulf mined 699 Bitcoin in Q2 — a 21% year-over-year decline — but still beat analyst expectations with $35.6 million in quarterly revenue
MARA Announces $250M Private Offering of Convertible Senior Notes to Buy More Bitcoin
12.8.2024
Marathon Digital Holdings, Inc., now simply known as MARA, is rolling out a plan to offer $250 million in convertible senior notes set to mature in 2031. This move, targeting qualified institutional buyers, aims to generate funds for corporate ventures and the purchase of more bitcoin. MARA...
Bitcoin miner Argo repays $35M Galaxy bailout loan
12.8.2024
The loan saved Argo from bankruptcy during the crypto winter of 2022
Bitcoin Miner Marathon Digital Plans $250M Private Note Sale to Fund Bitcoin Buying
12.8.2024
The notes will pay interest every six months and mature Sept. 1, 2031
World's largest Bitcoin miner announces $250M raise to buy more Bitcoin
12.8.2024
The new raise is part of Marathon’s strategy to go “full hodl” and make Bitcoin a strategic reserve asset for the company
Bitcoin Miner With Celsius Assets Delays IPO After Losing CEO and Auditor
8.8.2024
Ionic Digital's CEO Matt Prusak will step down this month, recently appointed CFO John Penver will take the helm in the interim
Miner profitability falls to record lows — Blocksbridge
8.8.2024
Reduced block rewards post-halving and Bitcoin mining difficulty reaching new heights are eating away at miner revenues
Miner profitability falls to record lows — Blocksbridge
8.8.2024
Reduced block rewards post-halving and Bitcoin mining difficulty reaching new heights are eating away at miner revenues
Miner profitability falls to record lows — Blocksbridge
8.8.2024
Reduced block rewards post-halving and Bitcoin mining difficulty reaching new heights are eating away at miner revenues
Bitcoin Mining Profits Crushed by Record Difficulty and Historic Hashprice Drop
7.8.2024
On Aug. 7, 2024, bitcoin’s price moved within a 24-hour range between $55,742 and $57,607. This lower price bracket has significantly reduced bitcoin mining revenue, causing the estimated daily value of 1 petahash per second (PH/s), also referred to as the hashprice, to drop below $36...
Bitcoin Miner Genesis Digital Assets Launches Heat Repurposing Project in Sweden
6.8.2024
Genesis Digital Assets Limited (GDA) has embarked on a new project in Norsjö, Sweden, utilizing surplus heat from one of its bitcoin mining data centers to warm a local garage. This collaboration with Swedish company Muttern Fastigheter showcases an innovative approach to enhancing energy...