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Tether has minted over $3 billion in USDT
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Tether, the world’s largest stablecoin issuer, has minted over $3 billion in USDT in the past 24 hours. This action accumulates the company’s mint in a month. According to LookOnChain’s Nov. 24 post on X, Tether has minted $3 billion…
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Tether
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Galaxy Digital is launching a $300 million private offering of exchangeable senior notes due 2029 to fund the expansion of its West Texas Helios data center and support corporate initiatives. Mike Novogratz’s Galaxy Digital Holdings announced on Nov. 20 that…
BTC
Bitcoin
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Crypto firm Canaan teamed up with a West Texas Bitcoin mining firm to boost its operations in Texas, expanding its North American footprint. Bitcoin (BTC) mining Canaan has entered into a joint mining agreement with Luna Squares Texas, a Texas…
BTC
Bitcoin
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Argo Blockchain reported a 28% decline in Q3 revenue year-over-year, reflecting continued challenges in the crypto mining space. Bitcoin (BTC) mining firm Argo Blockchain reported wider losses for Q3, with quarterly revenue of $7.5 million, down from $10.4 million a…
BTC
Bitcoin
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Crypto mining company Marathon has upsized its convertible note offering by $150 million to buy even more Bitcoin. Bitcoin (BTC) mining company Marathon Digital Holdings has upsized its convertible debt offering to $850 million from $700 million to buy more…
BTC
Bitcoin
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Crypto mining firm BIT Mining has agreed to pay a $4 million civil penalty after the SEC charged it with violating the Foreign Corrupt Practices Act. The U.S. Securities and Exchange Commission has charged crypto mining firm BIT Mining, formerly…
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Bit Digital posted nearly $23 million in Q3 revenue, a 96% increase year-over-year, driven by strong growth in its high-performance computing business. Bitcoin (BTC) mining firm Bit Digital said in a Q3 earnings report that its revenue for the quarter…
BTC
Bitcoin
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Marathon Digital announces a $700 million private convertible note offering to fund debt repayment, Bitcoin purchases, and corporate needs. Bitcoin (BTC) mining company Marathon Digital said it plans to sell $700 million of convertible notes in a private placement to…
BTC
Bitcoin
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The Russian government has greenlit draft amendments to a bill aimed at taxing crypto mining and transactions. Russia is moving forward with a draft amendment to its Bitcoin (BTC) mining legislation, introducing new tax rules for crypto mining, transactions, and…
BTC
Bitcoin
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Users can now participate in BTC mining on Binance Pool and earn rewards in the form of Fractal Bitcoin. Though, the exchange has no plans to list the FB token any time soon. In a recent announcement, Binance introduced a…
BTC
Bitcoin
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Chinese electric vehicle manufacturer Kaixin is looking for a strategic shift with plans to acquire a controlling stake in a Middle Eastern cryptocurrency mining operation. The announcement depicts a major jump and diversification from its traditional automotive business. Kaixin in…
BTC
Bitcoin
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Greenidge Generation Holdings Inc. will continue operating its Dresden, New York, facility following a legal victory against the state’s Department of Environmental Conservation. According to a Nov. 14 press release, the New York Supreme Court ruled in favor of Greenidge,…
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H.C. Wainwright & Co. analysts reiterated their “Buy” rating on Bitcoin mining company Bitfarms. This rating follows a 15% decline in the stock price after Bitfarms announced delays to its year-end 2024 expansion targets, according to a note shared with…
BTC
Bitcoin
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Decentralized protocol Prosper secures investment from BIT Mining as it expands its solution to include institutional-grade Bitcoin mining and liquidity farming. Prosper, a decentralized protocol bridging Bitcoin (BTC) mining to the blockchain by providing hashrate-backed tokens representing live Bitcoin mining…
BTC
Bitcoin
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Bitcoin mining firm Hut 8 reported third-quarter earnings that surpassed expectations, with revenue exceeding $43.7 million. Miami-headquartered crypto mining firm Hut 8 reported third-quarter earnings results Wednesday morning. The publicly traded miner with $2.2 billion in market cap reported quarterly…
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Russia may face an energy shortage in the next 10 years due to rapid Bitcoin mining expansion, a Kremlin official warns. Russia could experience an energy shortage within the next 5-10 years as crypto mining rapidly expands, a senior Kremlin…
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