News list for "Mining companies"
Nasdaq-listed bitcoin miner Bitdeer officially updated its bitcoin holdings data, revealing that it has increased its holdings of 50 BTC today, and the latest bitcoin holdings reached 911 BTC as of February 23.
Riot Platforms mined 527 bitcoins in January, up 2% month-on-month and the highest monthly output since December 2023. This contrasts with other major miners that saw a general decline in production, such as Marathon down 13% to 750 and CleanSpark down 6% to 626.
On January 22nd, BTC miner MARA said in a post that bitcoin mining has saved Texas about $18 billion by replacing expensive gas-fired peaking power plants. At the same time, bitcoin miners, including MARA, have improved the stability of the power grid by balancing energy use during peak electricity consumption periods, achieving the dual advantages of cost and reliability.
According to Cointelegraph, Fred Thiel, CEO of bitcoin miner MARA Holdings, announced that the company is committed to expanding its strategic bitcoin reserves to all 50 states and the federal government.
On January 22, Fred Thiel, CEO of bitcoin mining company MARA Holdings, announced that the company is committed to expanding its strategic bitcoin reserves to all 50 states and the federal government.
After extensive discussions with advisors, the company's board of directors has decided to amend the articles of association to increase the number of authorized shares from 500 million to 800 million shares, a proposal similar to what other companies in the industry have done and, if approved, will provide MARA with greater flexibility to take advantage of market conditions and favorable financing acquisition opportunities in a timely manner.
Bitcoin mining company Riot Platforms has announced an unaudited production and operations update for December 2024. 516 BTC were mined in December, an increase of 4% month-on-month. Riot increased the hash rate of deployments by 155% in 2024, outpacing the network's 52% increase in hash rate over the same period. The company mined a total of 4,828 bitcoins in 2024 and held a total of 17,722 bitcoins by the end of 2024, representing a 141% increase in bitcoin holdings compared to the end of 2023...
Terawulf Inc., a listed bitcoin miner and digital infrastructure provider, has signed an agreement to provide more than 70 trillion watts of data center infrastructure to Core42, a subsidiary of G42 that specializes in artificial intelligence (AI) and Cloud as a Service. Under the agreement, Terawulf will customize its Lake Mariner facility in upstate New York to support Core42's deployment of GPU clusters using Dell's liquid-cooled Poweredge XE9680L servers. The deployment of the infrastructure...
Bitcoin miner Hut 8 said it bought about 990 bitcoins at an average price of $101,710 each. The company said in a statement on Thursday that the purchase will bring the number of bitcoins in Hut 8's reserves to 10,096, equivalent to a market cap of about $1 billion, and make it one of the top 10 largest corporate holders of bitcoin. Previously, Hut 8 announced the launch of a new $500 million stock offering earlier this month. At the time, the company said that some of the fund's proceeds would ...
Shares of bitcoin mining company Bitdeer Technologies have rallied nearly 170% in the past month alone. Benchmark raised its price target for Bitdeer to $29 per share from $16. Mark Palmer, senior equity analyst at Benchmark, said Bitdeer's share price (ticker: BTDR) is being driven by the potential upside from three different drivers: its development and operation of data centers powering artificial intelligence and high-performance computing (HPC) projects, its increased hash rate to support i...
Since June, seven publicly traded bitcoin miners have raised a total of $5.20 billion in convertible bonds. 70% of that, or $3.60 billion, has been raised in the past four weeks. MARA and Core Scientific have raised more than $2.40 billion in zero-coupon convertible bonds in recent weeks, with MARA alone raising $1.85 billion. Both companies' conversion prices are about 40% higher than their average share price at the time of issuance.
Sydney-based bitcoin miner IREN has announced plans to raise $400 million (3.25% coupon, 30% conversion premium) by issuing a convertible bond, an increase from the previously announced principal amount of the $300 million note, the issue and sale of which is scheduled to settle on December 6, 2024, subject to customary closing conditions. In addition, IREN said it plans to expand its bitcoin mining capacity to 50 EH/s by the first half of 2025.
Bitcoin miner Hut 8 has filed a motion in court to dismiss a class action lawsuit by its shareholders, which it says was triggered by a sell short report alleging it overpaid for a company with serious operational problems. In a Dec. 2 filing in federal court in New York, Hut 8 said selling short J Capital Research participated in "a campaign to depress Hut 8's share price for its own benefit...
Listed miner DMG Blockchain Solutions disclosed its bitcoin holdings data. The company mined 32 BTC in November, a slight decrease from the mining output of 34 BTC in October. The current total bitcoin holdings are about 423 BTC. In addition, the company announced that its CEO and COO recently repurchased about 200,000 shares in the open market.
Bitcoin mining venture Bitfarms has published its latest monthly production report. The company's mining operations generated 204 BTC in November, compared to 236 BTC in October, reflecting a 1% increase in average operating EH and a 7% increase in Bitcoin difficulty. The operating speed on November 30 was 12.8 EH/s, an increase of 100% year-on-year and 11% month-on-month. Year-to-date mining output of the company totaled 4,482 BTC. In addition, Bitfarms sold 171 of the 204 BTC earned in the com...
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