75% Ownership in Sight: MARA’s Strategic Leap Into France’s AI Future
TL;DR Deal terms: MARA to buy 64% of EDF’s Exaion for $168M, with an option to reach 75% by 2027. Closing targeted Q4 2025 pending approvals;
mining (Latest Publications)
Core Scientific’s Biggest Shareholder Rejects CoreWeave Deal, Cites Undervaluation
TL;DR Two Seas Capital, the largest active shareholder in Core Scientific, opposes the proposed $9 billion all-stock acquisition by CoreWeave, calling the valuation inadequate. They warn
CleanSpark Posts Best-Ever Quarter, Driven by Bitcoin and U.S. Infrastructure
TL;DR Financial Record: CleanSpark reported $198.6 million in Q3 revenue, a 90.8% year-on-year gain, and $257.4 million in net income with $0.90 basic EPS. Operational Scaling:
Dormant Bitcoin Miners Resurface, Moving Coins Worth Over $28M
TL;DR Five 2010-era Bitcoin miner wallets moved 250 BTC ($28.7M) after 14 years of dormancy, likely consolidating one entity’s Satoshi-era holdings. Miners profit strategically at $118K
Bitmain Announces First U.S. Facility Amid Rising Demand for Local Production
TL;DR Bitmain, the world’s top producer of crypto mining machines, will open its first manufacturing hub in the United States, targeting either Texas or Florida. This
Bitfinex Research Reveals that Small Bitcoin Holders Are Buying Faster Than Miners Can Keep Up
TL;DR Retail cohorts holding under 100 Bitcoin are scooping up roughly 19,300 BTC per month, about 44% more than miners’ post-halving issuance of 13,400 BTC, creating
CoreWeave Acquires Core Scientific in All-Stock Deal Worth $9 Billion
TL;DR CoreWeave will acquire Core Scientific in a $9 billion deal, taking control of its 1.3 GW of contracted and future power capacity. The transaction will
Riot Platforms reports a significant decrease in its Bitcoin production—Here’s why
TL;DR Riot throttled operations during ERCOT’s Four Coincident Peak, cutting June output to 450 BTC (12% MoM but +76% YoY) to dodge steep transmission fees. Strategic
Bit Digital Ditches Bitcoin Mining for a $163M All-In on Ethereum
TL;DR Bit Digital fully shuttered its Bitcoin mining ops after Q1 revenue plunged 64%, and will convert its remaining 417.6 BTC ($35M) into Ethereum. The company
Trump-Linked Bitcoin Firm Raises $220M for Massive Mining Expansion
TL;DR American Bitcoin, backed by Eric Trump and Hut 8, closed a $220 million private raise, issuing 11 million shares, with $10 million paid in BTC,
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