Crypto
American Bitcoin Achieves 60% Surge, Plans $2.1 Billion Stock Offering Post-Nasdaq Launch
The company has commenced trading on the Nasdaq as 'ABTC' following its merger with Gryphon Digital Mining.
Markets
IREN Cryptocurrency Miner Boosts AI Efforts, Price Target Raised to $37 by Canaccord
Following strong quarterly results, Canaccord Genuity increased the price target for IREN's shares due to heightened expectations from AI and mining operations.
Business
American Bitcoin, Backed by Trump, Aims for Nasdaq Launch in September
The bitcoin mining firm, primarily owned by Hut 8, is finalizing a merger with Gryphon as it approaches its public debut.
Finance
Bitcoin Mining Adapts to Rising Power Costs Amid Market Changes
The evolution of bitcoin mining faces significant challenges as power costs rise, prompting a shift in the industry's business models.
Finance
Hut 8 Reveals Strategy for Energy Asset Monetization as Bitcoin Mining Spin-Out Approaches: Benchmark
Benchmark analyst Mark Palmer increases Hut 8's price target from $33 to $36 and maintains a buy recommendation.
Business
Hut 8 Bitcoin Mining Company Sees 10% Surge Following Expansion Plans
Hut 8 aims to significantly increase its power capacity while its stock surges after announcing new projects.
Finance
Bitcoin Mining Enters a Challenging Era as Power Becomes the Driving Force
Executives at the SALT conference in Jackson Hole discuss the shifting landscape of Bitcoin mining, emphasizing the importance of low-cost power and diversification in business strategies.
Finance
MARA Takes Bold Step into High-Performance Computing by Acquiring Majority Stake in EDF Subsidiary
MARA's acquisition of Exaion signals a significant shift from traditional bitcoin mining towards the booming market of high-performance computing.
Crypto
July Sees Bitcoin Mining Profitability at Its Peak Since Halving: Insights from JPMorgan
JPMorgan reports that many U.S.-listed bitcoin miners achieved their highest revenues since the last halving, outperforming bitcoin itself in July.
Crypto
BTC Digital Invests in Ethereum, Positions Itself as a Financial Innovator
BTC Digital invests $1 million in Ethereum, labeling it their 'digital gold' as they pivot towards decentralized finance.
Crypto
BitFuFu Achieves 36.2 EH/s Hashrate with 728 MW Capacity in June
The mining company saw an increase in bitcoin production and expanded its infrastructure across the globe.
Energy
Tether Partners with Adecoagro for Bitcoin Mining Powered by Renewable Energy in Brazil
A new project aims to leverage surplus energy for bitcoin mining operations, potentially boosting Adecoagro’s balance sheet with BTC.
Economy
IMF Rejects Pakistan's Electricity Subsidy for Bitcoin Mining
The International Monetary Fund has declined Pakistan's repeated requests to offer subsidized electricity for Bitcoin mining, citing economic distortions as a concern.
Crypto
Bit Digital Shifts Focus from BTC Mining to ETH Staking
Bit Digital, a cryptocurrency mining company, is pivoting away from Bitcoin mining and will concentrate on Ethereum staking and treasury operations.
Finance
Canaan Announces Exit from AI Chip Production to Focus on Bitcoin Mining
Canaan Inc. is shutting down its AI chip business, aiming to concentrate resources on bitcoin mining as part of a strategic shift.
Bitcoin
Could Escalating Conflicts in Iran Impact Bitcoin's Hash Rate?
The Bitcoin hash rate has decreased following U.S. strikes on Iranian nuclear facilities. Analysts are questioning if this indicates a trend of declining computing power amidst ongoing geopolitical tensions.
Crypto
JPMorgan Adjusts Bitcoin Miner Price Predictions Amid Improving Economics
JPMorgan has revised upward the price targets for several Bitcoin mining companies, signifying an optimistic outlook as mining profitability increases.
Finance
HIVE Digital Surpasses 10 EH/s in May, Targeting Year-End Growth
HIVE Digital Technologies has achieved a significant increase in its Bitcoin mining capacity, driven by new renewable energy facilities in Paraguay.
Business
Riot Platforms Hires Industry Expert to Lead Expansion into Data Centers
Riot Platforms has appointed Jonathan Gibbs to spearhead its new data center initiative aimed at supporting AI and cloud computing.
Business
Pakistan Utilizes Extra Energy for Bitcoin Mining and AI Centers
Pakistan aims to use surplus electricity from coal plants, running at low capacity, to enhance its bitcoin mining and AI data center initiatives.
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