Uptober kicks off: US shutdown looms, Brazil courts Bitcoin miners
TL;DR Bitcoin rally: Despite the US government shutdown delaying economic data and SEC reviews, Bitcoin surged past $120,000 at the start of “Uptober,” continuing its six-year
mining (Latest Publications)
Cipher Mining Boosts Private Offering to $1.1B After Google AI Deal
TL;DR Cipher Mining expanded its private offering of convertible senior notes to $1.1 billion, up from the $800 million originally planned. The increase comes after securing
$100M Credit Line Powers CleanSpark’s Next Phase of Mining Expansion
TL;DR Financing milestone: CleanSpark secured a $100M Bitcoin-backed credit line from Coinbase Prime to expand mining and energy operations. Growing reserves: The company now holds 12,703
Trump’s American Bitcoin Debuts on Nasdaq, Aims to Become a Bitcoin Treasury Powerhouse
TL;DR American Bitcoin debuted on Nasdaq as ABTC after merging with Gryphon; it holds 2,443 BTC and aims to become a corporate BTC treasury. The company
KuCoin Unveils New Mining Platform Targeting Bitcoin, Dogecoin & Litecoin
TL;DR KuCoin’s Launch Scope: KuMining debuts with 10 EH/s Bitcoin and 200 TH/s Dogecoin/Litecoin hashrate, representing about 10% of the Dogecoin network and ranking as the
Hut 8 Diversifies Beyond Crypto Mining With New 1.5 GW Expansion
TL;DR Hut 8 announced a major expansion in the United States with four new sites in Texas, Louisiana, and Illinois, totaling 1.5 GW of capacity. The
Google Secures 14% Stake in TeraWulf Through Landmark AI-Mining Deal
TL;DR Google has become the largest shareholder of bitcoin mining company TeraWulf by acquiring a 14% stake through a financial arrangement tied to AI and high-performance
Qubic Controls 51% of Monero Hash Rate, Triggers Block Reorgs
TL;DR During Epoch 173, Qubic reached peaks exceeding 51% of Monero’s hashrate, reorganizing six blocks and leaving 60 orphaned. Mining generated approximately 750 XMR and 7
Bit Digital Posts Profit Despite Double-Digit Revenue Decline in Q2
TL;DR Profit Amid Decline: Bit Digital’s Q2 revenue fell 11.7% to $25.7 million, yet it posted $14.9 million in net income after a prior-year loss, with
Google Bets Big on Bitcoin Miner TeraWulf: $1.8B Backstop, 8% Stake, and an AI Data Center Push
TL;DR Scale and stakes: Google will backstop $1.8 billion of Fluidstack lease obligations and receive warrants for about 41 million TeraWulf shares, equating to roughly 8%
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