Bitcoin miner CleanSpark hits milestone as hashrate exceeds 37 EH/s
Cleanspark targets 50 EH/s in first six months of 2025. The Bitcoin miner reached 37.5 EH/s in 2024, exceeding the projected hashrate amid expansion efforts. Bitcoin mining company CleanSpark has…
Texas approves debtor-in-possession financing plan for BTC miner Rhodium
Rhodium filed for Chapter 11 with debts of up to $100M and assets of up to $500M. The debtor-in-possession financing plan is offered by Galaxy Digital. Galaxy Digital offers Rhodium…
Bitcoin miner CleanSpark expands with first site acquisition in Wyoming
CleanSpark said in a press release on Thursday that it has acquired its first Bitcoin mining site in Wyoming. The company executed 75 megawatts of power contracts, with 30 MW…
Riot announces acquisition of Bitcoin miner Block Mining
Riot Platforms announced its acquisition of Block Mining on July 23. The bitcoin miner said the transaction involved $18.5 million in cash and $74 million in Riot common stock. Riot…
CleanSpark acquires Bitcoin miner GRIID for $155 million
CleanSpark announced on June 27 that it had acquired GRIID Infrastructure, a US-based Bitcoin miner for $155 million. The company expects the all-stock deal to close in Q3, 2024 subject…
Bitcoin miner Marathon Digital is mining Kaspa (KAS)
Marathon Digital (MARA) has disclosed its mined 93 million KAS worth $15 million. The Bitcoin miner says the operation is part of its diversification of its revenue streams. Marathon to…
SEC sues Bitcoin miner Geosyn Mining for fraud; Bitbot presale nears $3M
SEC sues Geosyn Mining and co-founders for misappropriated funds and misleading investors. Bitbot revolutionizes crypto trading with a non-custodial Telegram bot. The $BITBOT presale nears $3M presale with the token…
Bitcoin miner GRIID makes NASDAQ debut after SPAC merger
GRIID begins trading on NASDAQ post-SPAC merger, enhancing market presence. NASDAQ debut follows a successful merger with Adit EdTech Acquisition Corp. GRIID’s listing underscores the growing integration of cryptocurrency firms…
Bitcoin miner Canaan’s mining revenue rose 43% in Q2
Canaan Inc. (NASDAQ: CAN) has released its Q2 financial report showing an increase in mining revenue. The Bitcoin miner’s total revenue rose to $73.9 million, increasing by 33.7% compared to…
Bitcoin miner Hut 8 revenue declined by $18.3 million in Q2
Hut 8 posted revenue of $14.3 million (19.2 Canadian Dollars), which had fallen $18.3 million during the quarter compared to Q1, 2023. The company mined 399 Bitcoin (BTC) but sold…