Nasdaq-listed bitcoin miner Argo Blockchain announced that it has signed a senior secured convertible loan agreement with a financing scale of 40 million US dollars. The initial financing amount is 15 million US dollars, and the remaining 25 million US dollars will be completed in the next 18 months. Three multinational institutions participated in the investment (the name of the specific institution has not been disclosed) and will join the Argo board of directors. The new funds will be used to...
Bitcoin staking platform Acre completed a $4 million strategic financing, with participation from Draper Dragon, Big Brain Holdings and Orange DAO. Acre co-founder and CEO Laura Wallendal said the round was in the form of a future equity simple agreement and token subscription rights, and Wallendal said the $90 million valuation represents a fully diluted valuation for the yet-to-be-launched ACRE token.
On February 20, Ho Kai Xin, a former Bybit payroll executive who was accused of stealing $4.20 million in public funds, refused to comply with a court order and spent nearly $840,000 on a freehold penthouse and Louis Vuitton luxury goods after the court ruling. The 32-year-old woman was sentenced to six weeks in prison for contempt of court on January 27 for violating a high court order. Previously, it was reported that in July 2023, crypto trading platform Bybit sued the company for internal su...
WalletConnect raised $4 million in a CoinList community round, which was oversubscribed. The community round attracted over 18,000 successful purchasers from over 100 countries, contributing to the growth and decentralization of the WalletConnect community. Registered participants pre-funded the purchase of $15.50 million, far exceeding the target fundraising amount of $4 million. Once transferability is achieved, 100% of token purchases in the community round will be fully vested and unlocked.
1.Defi.App Completion of 4 million USD financing; 2. FrodoBots completed 8 million USD financing; 3. DePIN agreement Teneo Protocol completed a seed round of financing of $3 million; 4. Stablecoin company Plasma completed a $24 million financing round, led by Framework Ventures.
Web3 development studio Mirai Labs has completed a $4 million seed round, led by Mechanism Capital, with participation from Oak Grove Ventures, Sophon Capital, Selini Capital, Bitscale Capital, Manifold, Rubik Capital, Protagonist, and Lhava. It is reported that Mirai Labs is developing a product called Partnr, which allows artificial intelligence agents to perform consumer-facing cryptographic tasks, such as managing wallets, while understanding users' needs over time.
According to CNBC, SoftBank is currently set to invest $40 billion in OpenAI, valuing it at $260 billion.
StarkWare announced the launch of a $4 million venture capital fund to accelerate blockchain innovation in Africa, led by Kheireddine Kamal, with a single grant of up to $150,000 for efficient infrastructure projects built directly on Starknet or on Starknet Application Chain/L3.
AMD (AMD. O) 2024 Q4 net profit of $482 million, the market is expected to 1.077 billion dollars, the same period last year 667 million dollars.
AgriFORCE Growing Systems (AGRI) has acquired a 5 trillion-watt bitcoin mining facility in Ohio for $4.50 million. The facility is powered by natural gas, houses more than 900 mining units, and reduces environmental impact through waste heat reuse and carbon capture technology.
MicroStrategy faces tax issues over its $47 billion bitcoin holdings, which include $18 billion in unrealized gains, and could generate a tax bill of up to billions of dollars next year.
TRON founder Justin Sun announced an additional $45 million investment in World Liberty Financial (WLFI), bringing its total investment in the project to $75 million.
According to FarsideInvestors data, yesterday Fidelity FBTC net inflows of $463.10 million, FETH net inflows of $29.30 million.
US "Internet celebrity broker" Robinhood will pay $45 million to end a series of securities claims.
A whale deposited 194,940 LINK (about $4.69 million) into Binance, resulting in a gain of $2.14 million.