News list for "Mining company"
Bitcoin miner MARA has announced that it has acquired a wind farm in Texas. The acquisition will add 114 trillion watts of wind power capacity to MARA's asset base as it expands into the energy infrastructure sector. The company will use the latest generation of ASIC mining hardware powered by renewable energy to reduce the cost of bitcoin production. MARA is the second largest publicly traded bitcoin holder with 45,659 BTC on its balance sheet.
The Securities Exchange Commission (SEC) has suspended a fraud lawsuit against crypto mining company Geosyn Mining and its executives after U.S. federal prosecutors filed similar charges against the company's CEO and two former executives. In a Feb. 14 filing in federal court in Texas, the agency agreed to stay the execution of the case it filed in April 2024 after Geosyn CEO Caleb J.
Bitcoin mining company Bitdeer has announced the acquisition of 19 acres of land and permits near Fox Creek in Alberta, Canada, for $21.70 million. The parcel has been approved to build a 101 trillion-watt natural gas power plant and is approved to interconnect with the Alberta Electricity System Operator (AESO) 99 trillion-watt grid. Bitdeer plans to start site preparation in the second quarter of 2025 and expects to have full power supply by the fourth quarter of 2026. In addition to land acqu...
Cryptocurrency mining company Blockware has said that the price of bitcoin could rise by up to four times in 2025, or by 58% in the worst case scenario, depending on Donald Trump's strategic bitcoin reserve plan and Federal Reserve policy. Blockware said that if Trump "does not implement" the strategic bitcoin reserve plan, then the $150,000 bear market target is possible, and the industry hopes that this outcome will appear in the early days of Trump's administration. As a "basic situation"...
Bitcoin mining company Hut 8 has bought 990 bitcoins (BTC) for about $100 million.
On December 21, US cryptocurrency mining company MaraHoldings (formerly Marathon Digital) announced that it has used the waste heat generated during the bitcoin mining process to provide heating to 80,000 households in the Sata Kunta region of Finland.
NYSE-listed cryptocurrency mining company BIT Mining Limited announced that in order to seek business diversification after the bitcoin halving, it will continue to commit to self-mining Litecoin (LTC) and Dogecoin (DOGE), while also continuing its bitcoin mining and data center hosting business. BIT Mining Limited disclosed data that as of November 27, 2024, LTC's mining output was 84,485.42, DOGE's mining output was 227,908,250.38, and the current LTC/DOGE /BEL active mining technology is abou...
Ben Gagnon, CEO of cryptocurrency mining company Bitfarms, said that if Trump cuts red tape and increases support and investment in energy and power infrastructure, the United States will solidify its position as the most competitive place in the world for bitcoin mining, making it absolutely possible and desirable for the United States to become the largest country for bitcoin mining. However, he admitted that due to the fragmentation of bitcoin infrastructure, it is impossible to achieve the r...
Ben Gagnon, CEO of cryptocurrency mining company Bitfarms, says it is absolutely possible and desirable to make the United States the number one country for bitcoin mining. He believes that if Trump reduces red tape and increases support and investment in energy and power infrastructure, the United States will solidify its position as the most competitive place in the world for bitcoin mining. However, Ben Gagnon admits that due to the decentralized infrastructure of bitcoin, one country cannot ...
Zach Bradford, CEO of bitcoin mining firm CleanSpark, said in an Oct. 31 announcement that following shareholder approval, the company completed its acquisition of U.S. infrastructure firm GRII D Infrastructure as a "strategic move to enable the company to increase its bitcoin mining capacity in Tennessee. This acquisition brings Clean Spark's mining capacity enhancement 50 trillion watts, closer to achieving its plan to build 400 trillion watts of capacity in the coming years.
