Key Takeaways Leading Bitcoin miner TeraWulf reported $34.4 million in revenue for Q1 2025, marking a 19% year-over-year drop as the company faced multiple operational headwinds. The decline was largely attributed to the April 2024 Bitcoin halving, which cut mining…
Bitcoin mining is a complex computational and technological process of validating bitcoin transactions over the Bitcoin network.
Key Takeaways Russia has announced a regional ban on crypto mining, set to commence on January 1, 2025. The ban, which will last for six years until March 15, 2031, was introduced as part of legislation signed by President Vladimir…
Key Takeaways A group of residents from Granbury, Texas, has filed a class-action lawsuit against Marathon Digital Holdings, a leading Bitcoin mining company, accusing it of creating unbearable noise pollution that has disrupted their daily lives. The lawsuit, filed on…
Key Takeaways Bitcoin miners had their lowest revenue month in nearly a year this August, bringing in just $827.56 million. This marked a significant drop of over 10.5% from the $927.35 million generated in July, as reported by Bitbo data.…
Rhodium Enterprises disclosed up to $100M in liabilities when it filed for voluntary bankruptcy under Chapter 11 in the US Bankruptcy Court for the Southern District of Texas.
After many locals complained about ongoing power shortages, Thai officials seized an illegal Bitcoin mining business in Ratchaburi, a hamlet west of Bangkok.Â
Key Takeaways Leading bitcoin miner, Bitfarms, will be acquiring Stronghold Digital Mining in a transaction valued at approximately $125 million in equity. The deal also includes an assumed debt of around $50 million. Under the terms of the agreement, Stronghold…
Hut 8, a Bitcoin miner, has come to an agreement to boost its capacity for mining in Texas.Â
Key Takeaways Riot Platforms has come out strongly against Bitfarms’ recent adoption of a poison pill strategy to thwart a potential takeover. The move, according to Riot, is “shareholder unfriendly” and highlights Bitfarms’ lack of solid corporate governance standards. In…
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