Bitcoin mining company Iris Energy has agreed on a deal to sell up to $100 million in shares to investment bank B. Riley, as the company contemplates mergers and acquisitions following a recent capita...
Tag: Miner
Bitcoin Miner Argo to Raise $40M to Combat Liquidity Pressure
Bitcoin mining company Argo Blockchain announced Friday that it is on track to secure $40 million to combat its rising liquidity pressures. To achieve this, Argo seeks to unlock $6 million from its c...
Top Bitcoin Miner Plans Selling Mining Machines And Strategic Fundraising
Crypto miner Argo Blockchain on Friday announced selling 3,400 mining machines for $6.8 million and raising nearly $27 million via a proposed subscription with a strategic investor to strengthen its b...
Marathon Reveals Over $80m Exposure to Bankrupt Crypto Miner Compute North
Marathon Digital Holdings Inc., on Thursday, revealed that it has over $80 million of exposure to crypto mining data centre firm Compute North Holdings Inc, which filed for bankruptcy protection in th...
Bitcoin Miner Greenidge Seeks to Raise $22.8 Million in Class A Common Stock Proposal – Mining Bitcoin News
The bitcoin mining operation Greenidge Generation is seeking to raise roughly $22.8 million, according to a U.S.Securities and Exchange Commission (SEC) filing published Wednesday. According to the pr...
Crypto Miner Greenridge on a Mission to Raise $22.8M
Crypto miner Greenridge Generation is on a mission to raise up to $22.8 million. A US Securities and Exchange Commission (SEC) filing dated October 3 showed that the firm seeks to do so in an at-the-m...
Why Bitcoin Miner Revenues Are The Biggest Bear Market Loser
Data shows the Bitcoin miner revenues have plunged down by around 81% since the October peak, here’s why. Bitcoin Miner Revenues Have Lost Big During Bear Market According to the latest weekly report ...
Bitcoin miner CleanSpark posts 21% hash rate growth in September
Bitcoin miner CleanSpark announced that its hash rate grew 21% in September, reaching 4.16 exahases per second (EH/s). The company has been on a tear lately despite the bear market, acquiring two faci...
Bitcoin miner profitability under threat as hash rate hits new all-time high
The Bitcoin hash rate hit a new all-time high above 245 exahashes per second on Oct. 3, but at the same time, Bitcoin (BTC) miner profitability is near the lowest levels on record. With prices in the...
Bitcoin miner Riot increases hashrate by 16.7% in September
Bitcoin miner Riot increased its hash rate in September by 16.7% (to 5.6 exahashes per second) while expanding its Whinstone facility in Texas. “We will remain focused on aggressively increasing...
Bitcoin Miner Selling Eased By 50% Over Past Month
Data shows Bitcoin miners have eased up their dumping over the past month, now selling only at a 50% rate compared to in early September. Bitcoin Miner Net Position Change Now Has A Value Of 4.4k BTC ...
Bitcoin price plummets while miner hash rate soars to all-time highs
Bitcoin miners can’t stop, won’t stop. The Bitcoin (BTC) hash rate continues to surge to new all-time highs, despite a heavy price drawdown. The Bitcoin mining hash rate peaked at 258 exahashes per s...
Crypto Miner Merkle Increases Hash Rate 9x to 3.1EH/s in 8 Months
Bitcoin miner Merkle Standard has formed a joint venture with Bitmain, one of the world’s largest Bitcoin mining equipment manufacturers, to increase its total computing power, or hash rate, from abou...
Bitcoin miner Rhodium to go public via merger deal
Bitcoin mining company Rhodium Enterprises is planning to list on the Nasdaq following a merger with SilverSun Technologies Inc., a business application, technology and consulting company. The deal co...
Solar-Powered Bitcoin Miner Aspen Creek Raises $8M Despite Bear Market
ACDC’s use of renewable energy and ability to sell excess power back to the grid particularly attracted Polychain Capital. “We’re excited to partner with ACDC as they build out more long-term, fixed-c...
Cipher a Bitcoin Miner is Planning to Sell $250M in Stock
Cipher’s Stocks registered an upwards trend of two percent last Friday. Cipher preparing a roadmap to sell $250M in Stock Cipher Mining is preparing a road map to sell up to $2...
Where have the miner rewards gone after the Ethereum merge?
Since Ethereum’s transition to a Proof-of-Stake (PoS) consensus method, it may seem as though not much has changed. This is because macroeconomic factors influence market sentiment and price mov...
Jihan Wu-Backed Crypto Miner Bitdeer Acquires ‘Singapore’s Fort Knox’ for $28.4 Million – Bitcoin News
Sources have disclosed that the digital currency mining operation, Bitdeer Technologies, has purchased a high-security storage and display facility in Singapore called Le Freeport for $28.4 million. B...
Bitcoin Miner Iris Energy to Sell $100 Million in Equity to B. Riley
Iris Energy, a publicly traded sustainable Bitcoin mining firm (IREN), has agreed to sell investment bank B. Riley Financial up to $100 million in equity over a two-year period. That’s B. Riley’s sec...
Miner Chandler Guo Predicts ETHW To Surge 100x
33 mins ago | 2 mins read Altcoin News Guo stated that the forked token present pricing is “very cheap.” The miner said that the new token has the potential to rise by 100x. Self-appointed Ethereum ha...
Where have the miner rewards gone?
With macroeconomic conditions dictating the overall market sentiment and price-action, it can feel like little has changed since Ethereum’s merge to a Proof-of-Stake (PoS) consensus mechanism. The pri...
B. Riley may purchase up to $100M stake in Bitcoin miner Iris Energy
Australia-based crypto mining firm Iris Energy has signed a deal with B. Riley giving the capital market company the option to purchase up to 25 million of its shares. According to a Friday filing wit...
Bitcoin miner Iris Energy inks $100 million share purchase deal with B. Riley
Bitcoin miner Iris Energy has struck an equity purchase deal worth $100 million with investment banking firm B. Riley. The deal has a 24-month time frame, during which time B. Riley may purchase up to...
Bitcoin Miner Iris Energy Signs Share Purchase Agreement with B. Riley
Iris Energy, a Bitcoin mining firm based in Australia, has struck a deal to sell $100 million in equity over the next two years to investment bank B. Riley Principal Capital. According to the U.S. Sec...
Bitcoin Miner Marathon Digital’s Shares Downgraded After Compute North Files for Bankruptcy Protection – Bitcoin News
Bitcoin mining firm Compute North filed for Chapter 11 bankruptcy protection in Texas on Thursday as the crypto winter continues to put pressure on crypto mining operations. The bankruptcy petition fi...
Bitcoin Miner Cipher Looks to Sell Up to $250M in Stock
Bitcoin miners have been struggling this year as the price of bitcoin has dropped by about 60% and energy prices soar across the world. Despite these headwinds, some of them are back on the market to ...
Bitcoin Miner Marathon Digital Downgraded at BTIG on Headwinds From Compute North’s Bankruptcy
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Major ETHW sell-off sparks miner exodus from EthereumPoW
Just over a week post-Merge and EthereumPoW — the fork meant to maintain Ethereum proof-of-work (PoS) — appears to be dying. Ethereum’s transition to proof-of-stake (PoS) hasn’t offered the respite fr...
Zilliqa launches web3 gaming console with in-built miner and crypto wallet
Gaming-focused blockchain, Zilliqa announced that it has launched a web3 gaming console prototype with an in-built crypto miner and web3 wallet. The layer-1 network stated that the move is designed to...
Crypto Miner Poolin Issues $238M in IOU Tokens to Fix Liquidity Crisis
Poolin, one of the largest Bitcoin mining pools, has issued $238 million worth of IOU (I-Owe-You) tokens to customers. The latest development comes shortly after the firm shut down its withdrawal serv...
BTC Miner, Bitfarms, Starts Mining in Argentina Increasing Hashrate to 4.1 EH/s – crypto.news
Canadian Miner, Bitfarms, reported on September 19th that it has commenced mining operation in Argentina. This has increased the miner’s hashrate to over 4.1 EH/s as it wishes to build another warehou...