Peter Wall is stepping down as CEO and interim chairman of Argo Blockchain to “pursue other opportunities.” He will hand over the reins to COO Seif El-Bakly in the interim, accordi...
Tag: Miner
CEO Sues Board Members for Seizing Control of Crypto Miner
The Chief Executive Officer of the cryptocurrency miner Layer1 Technologies has filed a lawsuit against the other two board members of the business, one of whom being Jakov Dolic, the co-founder of th...
Shares of Bitcoin Miner Hut 8 Slump on Merger With US Bitcoin Corp.
Hut 8 will gain access to hundreds of megawatts of cheap energy through the merger, while U.S. Bitcoin Corp., known as USBTC, gains a partner with a strong balance sheet. The merger will give the new ...
Topmost Bitcoin Miner at Record Bitcoin Generation, Bear Market Over?
Riot, a bitcoin mining company supporting the bitcoin blockchain has newly publicized that its generation and functions upgrade for January 2023. It generated a fresh all-time high of 740 Bitcoin in t...
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 Miner At Record Bitcoin Production, Bear Market Over?
The Bitcoin (BTC) mining and data center hosting company Riot has recently announced its production and operations update for January 2023. It has produced a new all-time high of 740 Bitcoin in the la...
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. ...
Newmont Bids $17 Billion for Australian Gold Miner Newcrest
(Bloomberg) — Newmont Corp. made a provisional offer to acquire Australia’s top gold miner Newcrest Mining Ltd. in what would be the biggest global takeover of the year so far. Most Read from Bl...
BTC price surge increases miner profitability, indicating market bottom
Glassnode data analyzed by CryptoSlate analysts suggests that rising Bitcoin (BTC) price also increases miner profitability and revenue, which have been historical pointers for market bottoms. CryptoS...
‘Bitcoin Miner Greenwashing,’ Claims American Environmentalist Group
American environmentalist group EWG says Bitcoin Miners’ shift to nuclear power is merely “greenwashing.” EWG believes miners use massive amounts of water to operate nuclear cryptomines. “Even one nuc...
Bitcoin Miner Marathon Digital Sells 1500 Bitcoin For Operational Expenses
3 hours ago | 2 mins read Bitcoin News Marathon Digital reported a 45% increase in the total number of Bitcoins mined. The firm was among the very few miners that held off on selling during crypto win...
NEO Crypto Miner Offers a Powerful and Low-emission Solution to Change Mining in PoS Era
The world of crypto mining is constantly evolving, with new and more efficient miners being released regularly. One of the latest additions to the market is the NEO miner, produced by MatchX, a compan...
Crypto Miner Marathon Digital Made First Bitcoin Sales as Token Soared in January
(Bloomberg) — Long-time Bitcoin holder Marathon Digital Holdings Inc. last month sold the token for the first time as its price soared, a step the crypto miner said would help fund operating cos...
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...
Bitcoin miner share prices soar in January 2023
Quick Take CryptoSlate has previously analyzed 9 of the top Bitcoin mining companies in terms of the evolution of Bitcoin holdings in 2022. 2021 was an unfriendly year for Bitcoin miners, to put it mi...
Bitcoin miner Greenidge cuts NYDIG debt from $72M to $17M
Bitcoin (BTC) mining company Greenidge Generation Holdings has significantly reduced its debt with the investment management firm New York Digital Investment Group (NYDIG). On Jan. 30, Greenidge enter...
Bitcoin miner Greenidge lost $130M in 2022 Q4; restructures debt with NYDIG, B. Riley
Bitcoin (BTC) mining firm Greenidge said it lost about $130 million during the fourth quarter of 2022 while earning just $15 million, according to a Jan. 31 statement. The BTC miner was one of the sev...
Embattled BTC miner Core Scientific seeking approval for $70M loan from B. Riley
Publicly traded embattled Bitcoin (BTC/USD) miner Core Scientific (NASDAQ: CORZ) is seeking approval from the Bankruptcy Court for the Southern District of Texas Houston Division for a $70 million loa...
Bitcoin miner Gryphon releases operational update ahead of going public
Bitcoin miner Gryphon mined 71 bitcoin-equivalent coins in December, it said in an operational update after announcing plans to go public last week. The miner had an average hashrate of 0.625 EH...
Loud North Carolina Crypto Miner Forces Residents to Relocate (Report)
Residents of Murphy, North Carolina, complained that a cryptocurrency miner located in the area causes “insane” noise and negatively impacts the electric grid. As such, some people have decided to le...
Bitcoin [BTC] miner to face class action lawsuit… Details inside
Argo Blockchain is facing a class action lawsuit filed by its investors. The lawsuit accuses the firm of misleading investors and misrepresenting facts. Bitcoin [BTC] miner Argo Blockchain will be t...
Argo Blockchain Lawsuit Alleges Bitcoin Miner ‘Misrepresented’ Pre-IPO Finances
Investors in Bitcoin mining firm Argo Blockchain have slapped the firm with a class-action lawsuit, accusing it of making false claims pre-IPO. The London-based firm raised $112.5 million in a Septem...
Argo Blockchain IPO: Lawsuit Claims Miner Made Untrue Statements
During the selling phase of the initial public offering (IPO), which took place in 2021, investors in the cryptocurrency mining firm Argo Blockchain have launched a class-action complaint against the ...
Bitcoin miner Hut 8 takes stoush with Ontario power supplier to court
Canada-based Bitcoin (BTC) miner Hut 8 Mining Corporation has ramped up its ongoing fight with its power supplier for one of its mining sites, filing a lawsuit in a Canadian court. Hut 8 said on Jan. ...
Bitcoin miner Gryphon going public via deal to buy cannabis software company Akerna
Gryphon Digital Mining is going public in a deal to buy Akerna Corp. in an all-stock transaction. Privately-held Gryphon, which claims to be a carbon neutral bitcoin miner, will buy the publicly...
7 Top Bitcoin Miner Stocks to Watch in 2023: Argo’s Shares Jump
Argo Blockchain, a Bitcoin miner, saw its stock rise as much as 14% on Monday after regaining Nasdaq listing compliance. This was due to a late-Dec. agreement with Galaxy Digital that saved it from ba...
Bitcoin miner Hut 8 takes dispute with power supplier to court
Canadian bitcoin miner Hut 8 is taking a contract dispute with its energy provider to court. The miner filed a statement of claim in the Superior Court of Justice of Ontario against Validus Powe...
Miner US Aims to Establish Itself as the Industry Leader in the Cloud Mining Sector
The market for cryptocurrencies and the technology behind blockchains has witnessed phenomenal expansion over the course of the past decade. In spite of the fact that the value is susceptible to signi...
BTC Miner Core Scientific Raises $500M From BlackRock, Ibex Investors (Report)
The US-based bitcoin miner – Core Scientific – reportedly secured a $500 million fundraiser led by leading finance players, such as BlackRock, Apollo Capital, Kensico Capital, Ibex Investors, and othe...
Miner US Limited provide a reliable hash USDT cloud mining
Mining bitcoin was one of the most lucrative business opportunities available in the blockchain industry up until a few years ago. Currently, this is not the case. However, as more people entered the ...
Bitcoin (BTC) Miner Selling Hits 3 Year Record; Bullish Or Bearish?
Bitcoin (BTC) Miner Activity: The ongoing Bitcoin (BTC) rally is strongly supported with similar sentiments in the form of on chain indicators. The positive sentiment is so deeply playing out in the m...