BIT Mining Triples Its Profits With DOGE and LTC Mining
TL;DR BIT Mining has increased its profits almost threefold by diversifying its mining to Dogecoin (DOGE) and Litecoin (LTC), instead of focusing solely on Bitcoin...
Tag : mining
MARA Boosts Bitcoin Holdings to 34,794 BTC with $615 Million Purchase
TL;DR MARA Holdings has acquired 6,474 BTC worth $615 million, boosting its total Bitcoin holdings to 34,794 BTC, valued at around $3.3 billion. The purchase...
Solo Bitcoin Miner Wins $222,000 Jackpot
TL;DR A solo Bitcoin miner secured a block reward worth over $222,000, highlighting the unpredictable nature of Bitcoin mining. The miner processed block number 867,118...
TeraWulf Inc. Announces $350 Million Convertible Notes Offering
TL;DR $350 Million Convertible Notes Offering: TeraWulf Inc. is proposing a private offering of $350 million in convertible senior notes due 2030 to enhance financial flexibility...
TeraWulf Sells 25% Stake in Bitcoin Mining Facility for $92 Million
TL;DR TeraWulf sells a 25% stake in Nautilus Cryptomine for $92 million, including $85 million in cash and 30,000 Bitcoin miners, achieving a 3.4x return...
Bitfarms and Riot Platforms Announce Settlement Agreement
TL;DR Board Changes: Andrés Finkielsztain steps down from Bitfarms’ Board; Amy Freedman joins, bringing extensive experience in corporate governance. Standstill Agreement: Riot Platforms withdraws its...
Rhodium Enterprises Files for Bankruptcy Amid Mounting Bitcoin Mining Pressures
TL;DR Rhodium Enterprises files for Chapter 11 bankruptcy with liabilities between $50 million and $100 million, affecting six subsidiaries. Financial pressures include $54 million in unpaid loans...
Bitcoin Miners Show Renewed Confidence as Marathon Digital Increases Reserves
TL;DR Marathon Digital’s Major Bitcoin Purchase: Marathon Digital has acquired $249 million worth of Bitcoin, increasing its total reserves to over 25,000 BTC, following a...
Riot Platforms Increases Its Stake in Bitfarms: Acquired One Million Shares
TL;DR Riot Platforms increases its stake in Bitfarms to 18.9% after acquiring an additional one million shares at an average price of $2.28 per share....
Bitcoin: Marathon Digital Increases Its BTC Production and Holdings in July
TL;DR Marathon Digital Holdings produced 692 BTC in July, increasing its production by 17% compared to the previous month, with an average operational hash rate...