U.S. bitcoin mining company Applied Blockchain, Inc has announced that it has entered into a credit agreement with a North Dakota-based bank for a $15 million loan that will expand its crypto mining o...
Tag: facility
Cleanspark Acquires Plug-in-Ready Bitcoin Mining Facility
BTC Price at the time of writing – $23,093.05 The crypto asset’s hashrate slipped 1.7% lower in Q2 The new facility has the capacity to host up to 86 MW On Tuesday, the bitcoin mining organization Cl...
Bitcoin Miner CleanSpark Acquires 36 MW Facility, 3,400 Antminers for $25M
CleanSpark, Inc., a US Bitcoin mining company based in Nevada, announced on Tuesday that it is expanding its crypto mining business to take advantage of opportunities that emerge in the ongoing bear m...
Cleanspark acquires BTC mining facility with 86 MW capacity
The market has remained unfavorable for miners and investors for a while because of the lower influx of capital. Despite bearishness, some mining companies have continued to expand their operational c...
Cleanspark Acquires Plug-in-Ready Bitcoin Mining Facility With up to 86 MW of Capacity – Mining Bitcoin News
On Tuesday, the bitcoin mining company Cleanspark announced it acquired a plug-in-ready bitcoin mining facility that is scalable to 86 megawatts (MW) of capacity. Presently, the newly opened site in W...
Bitcoin Miner Marathon to Start Energizing Texas Rigs at Compute North Facility
Compute North has now energized 40 megawatts (MW) of a 280MW wind-powered facility in Upton County in West Texas, according to the Monday earnings release. Marathon will be the exclusive client of thi...
Marathon Digital Refinances $100m Credit Facility from Silvergate Bank
Marathon Digital Holdings, Inc., a major US enterprise Bitcoin mining firm, announced on Monday that it has secured another $100 million line of credit from Silvergate Bank backed by Bitcoin (BTC). I...
Celsius Begins Restructuring, Receives Approval for Bitcoin Mining Facility
Celsius Network has received approval to construct a new bitcoin mining facility, as its plans to financially restructure the business take off. The company is starting a new journey, which will be cl...
Bitcoin Mining Infrastructure Provider Lancium to Bolster Battery-Powered Demand Response at 25 MW Texas-Based Facility – Mining Bitcoin News
According to Lancium Inc., a crypto mining infrastructure firm, the company has signed a deal with the Texas battery-storage provider Broad Reach Power LLC. Broad Reach Power plans to supply battery p...
Bitcoin miner Riot moves hardware fleet out of New York hosting facility
Bitcoin miner Riot is moving a part of its fleet out of New York and into its new Whinstone facility in Texas, in an effort to lower operational costs. About 5,700 of the company’s rigs are curr...
FTX gives BlockFi $400M credit facility; has option to buy company for up to $240 million
BlockFi’s CEO Zac Prince on July 1 announced a $400 million credit facility from FTX and the option to purchase the company in its entirety for up to $240 million depending on performance. The stateme...
New York State Denies Air Permit to Greenidge Crypto Mining Facility on Seneca Lake
Greenidge Generation LLC has been denied a renewal of its air permit to continue operating its Bitcoin mining on the shores of Seneca Lake in New York. The New York State Department of Environmental C...
Missed Power Bill Payments Force Compass Mining To Shut a Facility
Compass Mining, a provider of Bitcoin (BTC) mining gear and hosting, has ended up losing one of its Maine-based hosting locations after the owner of the facility, Dynamics Mining, canceled the ability...
Compass Mining loses facility after allegedly failing to pay power bill
Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, ...
Bitcoin Mining Facility Shut Down Following Sharp Decline In Miner Profitability
Bitcoin mining has been seeing a decline in profitability in recent times. This comes as no surprise given the drop in the value of the token and since profitability largely depends on what price BTC ...
Compass Mining loses Bitcoin mining facility for neglecting energy bill
Hosting provider Dynamics Mining has ended its hosting arrangement with Compass Mining. Dynamics the firm has failed to pay essential bills and was in default on its obligations under the terms of the...
Aspen Creek Launches First Solar-Powered Bitcoin Mining Facility in Colorado
Aspen Creek Digital Corporation (“ACDC”), a U.S.-based crypto mining firm, announced on Thursday that it has launched Bitcoin mining at a six-megawatts solar-powered facility in the wester...
Voyager Digital Secures $200m Credit Facility to Meet Liquidity Demands
The need to be more adequately equipped for the current crypto winter has pushed Voyager Digital Holdings, a prominent crypto trading and investment platform, to secure more than $200 million in credi...
Ukrainian Kamikaze Drone Strike Sets Russian Oil Facility Ablaze
Russian media are showing a video this morning of a kamikaze drone attack on a Russian oil refinery which leaves the site in flames. The strike looks like the sort of Drone Doolittle Raid which Forbes...
BlockFi Lands $250m Credit Facility from FTX Derivatives Exchange
BlockFi, in exploring avenues to leave the league of the most distressed cryptocurrency lending platforms around, has got a $250 million credit facility from FTX Derivatives Exchange. Announced on Tu...
Crypto Lending Company BlockFi Secures $250m Revolving Credit Facility With FTX
Cryptocurrency lender company BlockFi has signed a nonbinding agreement with leading American crypto exchange FTX to secure a $250 million revolving credit facility to improve its balance sheet and st...
BlockFi gets $250 million credit facility from FTX to support platform
? Want to work with us? CryptoSlate is hiring for a handful of positions! Crypto lending platform BlockFi has signed a term sheet with leading crypto exchange FTX to secure a $250 million revolving cr...
BlockFi Receives $250M Revolving Credit Facility From FTX Exchange
5 hours ago | 2 mins read Defi News BlockFi receives a $250 million umbrella loan as per CEO Prince. BlockFi revealed early last week that it was cutting 20% of its personnel. BlockFi and FTX have tea...
BlockFi Secures $250 Million Credit Facility From SBF’s FTX
BlockFi’s CEO – Zac Prince – took it to Twitter to announce the term sheet deal with FTX to obtain a revolving credit worth $250 million. The company aims to utilize the funds to strengthen its balanc...
BlockFi Receives $250M Credit Facility From FTX
Though it is now in the position of backstopping a broader market crash, FTX is reportedly one of the firms that liquidated Celsius – the troubled crypto lending platform that was forced to halt all u...
U.S. town residents push back against world’s largest Bitcoin mining facility due to fears of increased bills
As cryptocurrencies become increasingly popular, more individuals and organizations are deciding to jump on the bandwagon and mine them – which sometimes sparks pushback from parties concerned over th...
No Medium-Term Lending Facility Rate Cut But Online Retail Sales Pick Up
China Last Night KraneShares Key News Asian equities were a sea of red excluding Hong Kong and China, which posted gains. The PBOC kept the 1-year medium-term lending facility rate at 2.85% despite th...
Natural gas plummets as Freeport delays facility restart following explosion
Smoke billows from the Freeport LNG plant in Quintana, Texas, U.S., June 8, 2022, in this still image obtained from a social media video on June 9, 2022. Maribel Hill | Reuters Natural gas prices plu...
LNG Stocks To Watch After Texas Export Facility Fire
A Wednesday fire knocked one of the largest U.S. liquefied natural-gas export plants out of service for at least three weeks, pressuring LNG markets already battling a supply crunch. The outage forced...
Crypto Miner Hut 8 Launches New Facility in Ontario, Bitcoin Mining Production Remains Robust
On Monday, Hut 8 Mining Corp, a Bitcoin mining company, published its Bitcoin (“BTC”) production and miner installation updates for May 2022. Based on the latest report by Hut 8 Mining Corp, the crypt...
US energy company opens crypto mining facility in Middle East to use stranded natural gas
As the heated up discussion around the ethical aspects of using fossil fuels in crypto mining remains one of the key topics for the industry, an unexpected partnership between a Denver-based mining co...