Phoenix Group Powers Ahead With 30MW Crypto Mining Facility in Ethiopia
TL;DR Phoenix Group expanded its Bitcoin mining footprint with a 30MW facility in Addis Ababa, developed with Ethiopian Electric Power and built to scale for AI
bitcoin (Latest Publications)
Bitcoin (BTC) is a digital currency created in 2009 by an unknown person using the alias Satoshi Nakamoto. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a publicly distributed ledger called a blockchain
Crypto Funds Record $1.17B Outflows as Volatility and Rate Concerns Persist
TL;DR S. investment funds lead losses with $1.17 billion in withdrawals. Bitcoin and Ethereum suffer heavy institutional selling, while Solana attracts $118 million. Bitcoin’s price recovers
Bitcoin Rockets Past $106K as Altcoin Momentum Sparks Market Optimism
TL;DR Bitcoin surged above $106,000 in the past 24 hours amid rising optimism over the full reopening of the U.S. government. Liquidity is building around the
Strategy Doubles Its Target and Raises $715 Million with New STRE Offering
TL;DR Strategy doubled its initial target, raising $715 million through the issuance of its STRE preferred shares, which offer a 10% yield. The funds will be
Trump Media Loses $54.8 Million Despite Its $2 Billion Bitcoin Investment
TL;DR Trump Media reported a net loss of $54.8 million in the third quarter, marking its third consecutive negative result. The company had invested $2 billion
Bitcoin Miners Turn to AI Workloads Amid Shrinking Crypto Margins
TL;DR Large US mining firms are accelerating a shift toward AI data centre hosting as Bitcoin mining margins shrink, securing long-term AI infrastructure deals that significantly
JPMorgan Increases Its Investment in BlackRock’s Bitcoin ETF to $343 Million
TL;DR JPMorgan Chase expanded its investment in BlackRock’s spot Bitcoin ETF to 5.28 million shares valued at $343 million. IBIT has accumulated $64.4 billion in net
JPMorgan Forecasts Bitcoin Could Reach $170K Within 6–12 Months
TL;DR JPMorgan estimates that Bitcoin could reach $170,000 in six to twelve months. The price of Bitcoin falls 1.6% in 24 hours to nearly $101,000. JPMorgan
Bitcoin Bulls Return as Crucial Metric Turns Positive
TLDR A key metric, the Bitcoin Bid & Ask Ratio, has turned positive (+0.2) for the first time in months. This indicates that buy-side liquidity (bids)
Samson Mow: Governments Will Seek Bitcoin for Value, Just Like Gold
TL;DR Samson Mow, CEO of Jan3, said governments will adopt Bitcoin because they will treat it as a strategic asset, just as they did with gold
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