Key Takeaways On November 25, Chief U.S. District Judge Kristine Baker issued a temporary restraining order (TRO) blocking the enforcement of two Arkansas laws targeting foreign ownership of digital asset mining operations and property. The laws, Act 636 of 2023…
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 Chinese Bitcoin miners continue to dominate the global Bitcoin network, maintaining over 55% of the network’s total hash power despite the country’s ban on cryptocurrency activities. While U.S. mining pools account for 40% of the hash power, China’s…
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.…
Key Takeaways Bankrupt Bitcoin Miner Rhodium Enterprises has now received court approval to take a loan in either United States dollars or in Bitcoin. The company was authorized to choose between receiving $30 million or 500 Bitcoin from blockchain digital…
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.
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…
Key Takeaways Bitcoin mining giant Marathon Digital has announced a partnership with Kenya’s Ministry of Energy and Petroleum (MOEP) to advance the country’s renewable energy infrastructure. This collaboration which involves foreign investment worth $80 Million aims to optimize renewable energy…
Key Takeaways Leading Bitcoin Miner Core Scientific released its first quarter results for 2023. The crypto miner reported total revenue of $179.3 million, which is a significant surge from the $58.6 million reported back in Q1 2023. As per the…
