Ad Marathon Digital said that it has repaid a term loan and terminated its credit facilities with Silvergate Bank, according to a press release published on March 8. Marathon reduces debt, strengthens...
Tag: facility
Bitcoin Miner Marathon Digital Terminates Credit Facility With Crypto Bank Silvergate
Marathon said that on March 8, the term loan prepayment was completed, and the company’s credit facilities with Silvergate Bank were terminated, reducing its debt by $50 million, according to a statem...
TeraWulf Kickstarts Bitcoin Mining at Nautilus Cryptomine Facility with 8,000 Rigs
TeraWulf is currently on an aggressive expansion and is planning to have a total operational capacity of 50,000 miners (5.5 EH/s) in early Q2 2023, which is nearly 160MW of power demand. US-based Bitc...
TeraWulf’s Nuclear-Powered Bitcoin Mining at Nautilus Facility is Online
TeraWulf – which focuses on environmentally clean mining operations – has announced starting operations of Nautilus Cryptomine, the first nuclear-powered Bitcoin mining facility in the United States. ...
8,000 rigs spool up in Nautilus mining facility
United States-based Bitcoin mining company TeraWulf has fired up a new crypto mining facility in Pennsylvania — solely running on nuclear power generated on-site. In Mar. 6 statement, TeraWulf said t...
TeraWulf’s nuclear-powered Bitcoin mining facility goes online
Ad TeraWulf (WULF) has launched its Nautilus Cryptomine facility marking the inauguration of the first bitcoin mining facility in the US powered by nuclear energy. New Nautilus facility opens in Penns...
TeraWulf Launches America’s First 100% Nuclear-Powered Bitcoin Mining Facility In Pennsylvania
The chief obstacle for bitcoin mining has shifted from solely procuring top-of-the-line mining equipment due to the closure of Chinese miners amidst regulatory restrictions, leading to a surplus of av...
TeraWulf Announces Energization and Rapid Deployment of Mining Operations at the Nautilus Facility in Pennsylvania
First behind-the-meter bitcoin mining facility powered by 100% nuclear power at scale in the U.S. TeraWulf benefits from a fixed power cost at Nautilus of only $0.02 per kilowatt hour for five years. ...
Crypto mining facility integrates with web3 cloud computing infrastructure – GotGh #3
In the latest episode of Gathering of the Gigahash podcast, Akiba, Big Dave, and their guest, Hawk Crypto, discuss the current state of the crypto mining industry. They cover a range of topics, includ...
Russia Subsidizes Crypto Mining Facility in Siberia
The Russian government has backtracked its anti-crypto mining stance and has now gone as far as subsidizing a crypto mining facility in Siberia. The government added that it now provides tax incentive...
Ault Alliance, Inc. Subsidiary BitNile, Inc. Moving 6,572 Bitcoin Miners Out of Texas Hosted Facility
As a result of the Compute North bankruptcy filing BitNile, Inc. determined that it is in the best interest of the business to move all the miners out of the Wolf Hollow facility Shipping began last m...
Russian government subsidizes crypto mining facility in Siberia
The crypto mining industry has faced moratoriums in some parts of the United States and Canada in recent months. Now, Russia provides tax incentives for those who want to invest in crypto mining. With...
Mawson Infrastructure Group Inc. Breaks Ground on Sharon, PA 120 MW Bitcoin Mining Facility
Mawson has broken ground on the 120 MW Bitcoin mining facility in Sharon, PA. First 12 MW available in early Q2, 2023. SHARON, Pa.–(BUSINESS WIRE)–Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Maws...
The Congo Has Established Its First BTC Mining Facility
The Congo in Africa has set up its first official bitcoin mining facility. The clincher? It runs entirely on clean energy and seeks to avoid the often atmosphere-polluting methods utilized by former a...
New York Bitcoin Mining Facility Slapped With $10,000 Per Day Fine
US Bitcoin Corp – a North American Bitcoin mining firm – has been ordered to cease operations by a State Supreme Court Justice, or face penalties of $10,000 per day. If the miner continues to operate...
SypherPK Opens Country’s Biggest Esports Facility To Partner With Gamers Looking To ‘Do Bigger Things’
Ali Hassan and Daniela Ali pose in the newly opened headquarters for their company, Oni Studios. Oni Studios The husband-and-wife team and their 50 employees plan to make Oni Studios an efficient cont...
Argo Blockchain Sells Mining Facility to Galaxy Digital to Stay Afloat
Argo Blockchain – one of the largest and most powerful digital currency mining enterprises in the world – has announced a new plan that will allow it to avoid bankruptcy and become another company tha...
New York sued by environmental group after approval of crypto mining facility: Report
The New York Public Service Commission (PSC) was sued by environmental activists on Jan. 13 for approving the takeover of a cryptocurrency mining facility in the state. According to The Guardian, the ...
Bitfarms seeks to modify loan facility with BlockFi as bear market drags on
Bitcoin (BTC) mining company Bitfarms has unveiled plans to modify an existing loan agreement with BlockFi — a move the company said would reduce its indebtedness amid the bear market. On Jan. 13, Bit...
Environmental activities sue the New York Public Service Commission for approving a crypto mining facility
On Jan. 13, environmental activists filed a lawsuit against the New York Public Service Commission (PSC) for approving a crypto mining facility in the state. The Guardian reports that in September 202...
Bitfarms to restructure equipment loan facility terms
Bitfarms Ltd, a global organization that mines bitcoin, is lowering the debt of one of its wholly-owned corporate subsidiaries. According to statements made by Jeff Lucas, Chief Financial Officer of B...
Galaxy Digital Buys Agro Blockchain’s Mining Facility For $65M
45 mins ago | 2 mins read Bitcoin News To the tune of $65 million, the Helios facility was sold by Argo Blockchain on Dec 28. Galaxy will also grant a fresh $35 million equipment financing loan. After...
Billionaire Mike Novogratz’s Galaxy Digital To Acquire Struggling Argo Blockchain’s Main Facility
Crypto investment firm Galaxy Digital is acquiring the main facility of Bitcoin (BTC) miner Argo Blockchain for $65 million. According to Argo, billionaire Mike Novogratz’s crypto investment firm is b...
Bitcoin Miner Argo Blockchain Sells Texas Facility to Galaxy Digital for $65M
Bitcoin mining company Argo Blockchain announced it has entered into definitive agreements with Galaxy Digital Holdings that will see the miner sell its Helios facility in Dickens County, Texas. The d...
Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas – Coinotizia
After the publicly-listed bitcoin mining firm Argo Blockchain suspended trading on Nasdaq and the London Stock Exchange, the company said it would follow up the next day with an announcement. The foll...
Bitcoin Miner Argo Blockchain Sells Helios Facility to Galaxy Digital for $65 Million, Galaxy to Host Argo’s ASIC Fleet in Texas – Mining Bitcoin News
After the publicly-listed bitcoin mining firm Argo Blockchain suspended trading on Nasdaq and the London Stock Exchange, the company said it would follow up the next day with an announcement. The foll...
Argo shares soar following $65M sale of mining facility to Galaxy digital
Struggling Bitcoin (BTC) miner Argo Blockchain sold its Helios mining facility in Texas to Galaxy Digital for $65 million and also got a $35 million loan from the company as part of the deal, accordin...
Argo Blockchain sells top mining facility to Galaxy Digital for $65M
Cryptocurrency mining firm Argo Blockchain has taken a difficult decision to sell its flagship mining facility Helios in order to survive the ongoing bear market. Argo Blockchain CEO Peter Wall offici...
Argo Blockchain Agrees to Sell Helios Facility to Galaxy Digital for $65M
One of the many struggling crypto mining companies – Argo Blockchain – will try to avoid bankruptcy by selling its Helios facility to Mike Novogratz’s Galaxy Digital. The deal will be worth $65 millio...