Bitcoin mining stocks were mostly lower on Wednesday. Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with three gaining and 15 declining in share price. Bitcoin fell 2.8% t...
Tag: Crypto infrastructure
Luxor buys OrdinalHub as it looks for ‘new monetization strategies’
Bitcoin mining firm Luxor acquired OrdinalHub, a platform for trading the Bitcoin-based NFTs that have recently surged in popularity. The company said it is looking to be a “central player...
Obol to bring distributed validators to Ethereum this year
Obol Technologies has brought its distributed validator technology to the Ethereum mainnet for the first time in an internal alpha testing phase. If successful, the project aims to make Ethereum more ...
Web3 database developer Polybase raises $2 million in pre-seed funding
Deals • February 22, 2023, 9:01AM EST Published 30 minutes earlier on Polybase, a crypto startup developing a privacy-focused decentralized database, raised $2 million in a pre-seed funding round. ...
Bitcoin mining report: Feb. 21
Bitcoin mining stocks tracked by The Block were mostly lower on Tuesday, with three gaining and the other 16 declining. Bitcoin fell 1.4% to $24,451 by market close. Here is a look at how the individu...
Bitcoin mining report: Feb. 17
Bitcoin mining stocks tracked by The Block were mostly higher on Friday, with 11 gaining and seven declining. Bitcoin rose 0.8% to $24,759 by market close. Here is a look at how the individual miners ...
Compute North’s plan for liquidation of remaining assets approved by court
Bankrupt hosting provider Compute North’s liquidation plan was approved by a judge with the U.S. Bankruptcy Court for the Southern District of Texas. While the company has already sold a m...
Bitcoin mining report: Feb. 16
Bitcoin mining stocks tracked by The Block were mixed on Thursday, with eight gaining and the other 11 declining. Bitcoin rose 1.6% to $24,477 by market close. Here is a look at how the individual min...
CleanSpark buys 20,000 miners from Bitmain, bringing bear market tally to 46,500
Bitcoin miner CleanSpark bought 20,000 more mining machines, bringing the total count of its bear market spending-spree purchases to over 46,500. The company expects to pay $32.3 million for the...
Bitcoin miner Iris Energy posts $144 million net loss
Iris Energy posted a net loss of $144 million, mainly due to a $105.2 million non-cash impairment charge in part related to its equipment financing, and said it mined fewer bitcoin in the quarter end...
Bitcoin mining report: Feb. 15
Bitcoin mining stocks tracked by The Block were higher on Wednesday, with 18 gaining and one declining. Bitcoin rose 8.6% to $24,070 by market close. Here is a look at how the individual miners perfor...
Stanford University’s Larry Kramer and Andreas Paepcke co-signed Sam Bankman-Fried’s bond
A pair of Stanford University academics co-signed FTX founder Sam Bankman-Fried’s bond, according to court documents unsealed on Wednesday. Larry Kramer, dean emeritus of Stanford Law School, s...
The Block: Bitcoin mining report: Feb. 14
Bitcoin mining stocks tracked by The Block were higher on Tuesday, with 16 gaining and three declining. Bitcoin rose 2.7% to $22,232 by market close. Here is a look at how the individual m...
Crypto markets rebound as Silvergate soars 16% on Citadel Securities, Susquehanna stakes
Cryptocurrency prices rebounded after yesterday’s decline, when the New York Department of Financial Services announced it will pursue regulatory action against stablecoin provider Paxos. ...
Armistice Capital reports 9.9% stake in miner Stronghold Digital
Hedge fund Armistice Capital took a 9.9% beneficial ownership stake in bitcoin miner Stronghold Digital Mining, according to a filing. The fund had an existing stake in the company, but it̵...
Former Jump Trading developers raise $19 million to build Monad blockchain
Monad Labs, a Layer 1 blockchain project co-founded by former Jump Trading developers, raised $19 million in funding led by Dragonfly Capital. Other investors included Placeholder Capital, Lemni...
Credit Suisse leads $65 million Series B in digital asset firm Taurus
Taurus SA, a Switzerland-based digital asset infrastructure company focused on servicing financial institutions in Europe, raised $65 million in a Series B funding round. Credit Suisse, Switzerl...
As bitcoin miners prep for earnings season, all eyes are on treasuries and deployments
With fourth-quarter earnings for bitcoin miners starting, industry experts are closely watching how companies plan to deploy hardware and manage their treasury going forward. 2022 was a lesson i...
The Block: Bitcoin mining report: Feb. 13
Bitcoin mining stocks tracked by The Block were mostly lower on Monday, with four gaining and 13 declining. Bitcoin fell 1.5% to $21,653 by market close. Here is a look at how the individu...
Galaxy Digital gets approval for Bahamas subsidiary amid rising US regulatory uncertainty
Galaxy Bahamas, a subsidiary of Mike Novogratz’s crypto investment firm, received approval from the Securities Commission of The Bahamas in December for registration as a digital asset business ...
Bakkt exits consumer business to focus on B2B as regulators crack down
Bakkt is nixing its consumer app to focus on its business-to-business technology solutions. Bakkt, which offers a platform for commerce to link to cryptocurrency, said it will continue its core ...
Paxos will no longer issue Binance USD stablecoin
The New York Department of Financial Services (NYDFS) ordered crypto infrastructure firm Paxos to stop issuing the stablecoin Binance USD (BUSD), a Binance spokesperson told The Block. “Pa...
The Block: Bitcoin mining report: Feb. 10
Bitcoin mining stocks tracked by The Block were mostly lower on Friday, with three gaining and the other 16 declining. Bitcoin fell 1.3% to $21,748 by market close. Here’s a look at ...
Demand for NFT tech nabbed this crypto startup a $800m valuation
Episode 8 of Season 5 of The Scoop was recorded remotely with The Block’s Frank Chaparro and QuickNode Co-Founder and CEO Alex Nabutovsky. Listen below, and subscribe to The Scoop on Apple...
Bitcoin miner CleanSpark beats estimates, posts $29 million loss
Bitcoin miner CleanSpark reported a net loss of $29 million for the quarter ending in December, beating analyst estimates of a $31.3 million loss. It narrowly missed revenue estimates, posting $...
CleanSpark kicks off bitcoin miner earnings with revenue expected to rise 13%: Preview
CleanSpark is expected to post a nearly 13% bump in revenue from the previous quarter when it kicks off the earnings season for bitcoin miners after the U.S. close today. The company is expecte...
Bitfarms pays down $21 million BlockFi loan with $7.75 million in cash
Bitcoin miner Birfarms settled $21 million in debt from BlockFi with a single payment of $7.75 million in cash. The value of mining machines that collateralize those loans has dropped significan...