Stablecoin issuer Tether released its latest attestation report on Thursday, reporting a profit of $700 million in the fourth quarter of 2022, which it reinvested into its reserves. “Tethe...
Tag: Crypto infrastructure
The Block: Bitcoin mining report: Feb. 8
Bitcoin mining stocks tracked by The Block were mostly lower on Wednesday, with three gaining and the other 16 declining. Bitcoin fell 1.6% to $22,843 by market close. Here is a look at ho...
VRRB Labs raises pre-seed round at $20 million valuation as it builds its own Layer 1
VRRB (pronounced “verb”) Labs, a Miami-based crypto startup that is developing a Layer 1 blockchain network, raised $1.4 million in a pre-seed funding round. Investors in the round i...
Argo Blockchain mined 14% more bitcoin in January than December
Argo Blockchain’s bitcoin mining production increased 14% in January, producing 168 BTC, compared to 147 BTC in December 2022. “The increase in BTC mined was primarily due to fewer c...
The Block: Bitcoin mining report: Feb. 7
Bitcoin mining stocks tracked by The Block were mostly lower on Tuesday, with seven gaining and the other 12 declining. Bitcoin rose 1% to $23,234 by market close. Here is a look at how th...
Bitcoin miner Stronghold pushes back debt payments on $54.9 million loan
Bitcoin miner Stronghold restructured its $54.9 million loan with WhiteHawk Finance and signed a two-year hosting deal with Foundry. The miner was able to push back any mandatory principal amort...
Crypto markets tread water ahead of Fed speech
Cryptocurrency prices were little change alongside other risk assets ahead of Federal Reserve Chair Jerome Powell’s speech this afternoon at the Economic Club of Washington. Bitcoin was tr...
Bitcoin miners Hut 8 and US Bitcoin merge to form new US-based entity
Bitcoin miners Hut 8 and US Bitcoin (USBTC) are merging to form a new company called Hut 8 Corp, which will be based in the United States. Hut will have a total self-mining capacity of 5.6 EH/s,...
Robinhood expected to report record revenue despite sour markets: Preview
Robinhood will report its fourth quarter results on Wednesday, with the company expected to hit its highest quarterly revenue figure to date. The online brokerage, which gained popularity duri...
The Block: Bitcoin mining report: Feb. 6
Bitcoin mining stocks tracked by The Block were mostly lower on Monday, with six gaining and the other 13 declining. Bitcoin rose 0.5% to $22,994 by market close. Here is a look at how the...
Bitcoin miner Riot expects growth delay due to December storm damages
Bitcoin miner Riot said there will be a delay in meeting its first quarter hashrate guidance of 12.5 EH/s due to damage from the winter storm that hit the U.S. in December and knocked miners offline. ...
The Block: Bitcoin mining report: Feb. 3
Bitcoin mining stocks tracked by The Block were mostly lower on Friday, with two gaining and the other 17 declining. Bitcoin fell 2% to $23,357 by market close. Here is a look at how the i...
Bitcoin mining firm Marathon Digital sold 1,500 BTC in January
Marathon Digital sold 1,500 BTC in January, according to a Thursday statement from the company. The sales were intended to help fund the firm’s operations, Marathon said. “With bitc...
Core Scientific cuts deal with lender NYDIG to extinguish $38.6 million in debt
Crypto miner Core Scientific reached a deal with NYDIG amid its ongoing bankruptcy to pay down its $38.6 million loan by handing over roughly 27,403 machines used as collateral. The company said...
Crypto market continues to rise, while Silvergate shares seesaw after probe report
Bitcoin settled around $23,570 at 5:20 p.m. EST after climbing as high as $24,100 earlier in the day, according to TradingView data. It’s up about 0.4% over the past day following the Federal Re...
The Block: Bitcoin mining report: Feb. 02
Bitcoin mining stocks tracked by The Block were higher on Thursday, with 15 gaining and three declining. Bitcoin rose 1.2% to $23,830 by market close. Here is a look at how the individual ...
Bitcoin mining infrastructure startup Giga Energy raising $10 million in Series A
Giga Energy, a bitcoin mining infrastructure startup focused on utilizing wasted natural gas as a power source, is raising $10 million in Series A funding. The funding will help the Texas-based ...
Bitcoin miner TeraWulf raises $32 million in equity offerings
Bitcoin miner TeraWulf raised $32 million from a public equity offering. The company also reached a “binding agreement in principle” with its existing lenders to restructure its debt...
CleanSpark doubles bitcoin production in January to 697
Bitcoin miner CleanSpark mined 697 BTC in January, doubling its production from the previous month. “We had a banner month, and not just because we mined a record number of bitcoin,” CEO Zach Br...
Cipher Mining doubles hash rate capacity in January
Cipher Mining reached a hash rate capacity of 4.3 EH/s by the end of January, a 53.6% month-over-month increase. It also more than doubled the total number of bitcoin mined, reaching 343, most o...
The Block: Bitcoin mining report: Feb. 01
Bitcoin mining stocks tracked by The Block were mostly higher on Wednesday, with 14 gaining and four declining. Bitcoin rose 2% to $23,574 by market close. Here is a look at how the indivi...
Federal Reserve raises interest rates by 25 basis points, as expected
The U.S. Federal Reserve raised the target range for the federal funds rate by 25 basis points to 4.5-4.75 percent, bringing the interest rate to a 15-year high. Wednesday’s interest rate decisi...
Judge approves Core Scientific’s $70 million loan from B. Riley
Bankrupt bitcoin miner Core Scientific got the green light from a bankruptcy judge to move forward with a $70 million debtor-in-possession (DIP) loan from B. Riley. Representatives of the compan...
Market trades flat ahead of Fed’s interest rate decision
Crypto prices remained mostly flat after the market opened on Wednesday, as traders await the Federal Reserve’s interest rate decision and comments from the subsequent press conference this afternoon....
Luxor launches auction-style platform for mining machines
Bitcoin mining firm Luxor launched an auction-style platform for buying and selling Bitcoin mining hardware. The new product is meant to improve price discovery and increase liquidity in the sec...
CME’s crypto derivatives reach new highs as traders seek safe port in storm
Derivatives trading giant CME Group has clocked a record high in volume and open interest for bitcoin options as traders flock to the venue in the wake of the FTX meltdown. Bitcoin options volum...
The Block: Bitcoin mining report: Jan. 31
Bitcoin mining stocks tracked by The Block were mostly higher on Tuesday, with 13 gaining and four declining. Bitcoin rose 1.4% to $23,114 by market close. Here is a look at how the indivi...