Bitcoin Mining: Sangha Launches Texas Site
@SanghaRenewables is transforming West Texas sunlight into $BTC with a 20 MW solar-powered mining facility, securing $14 million towards its $17 million equity goal. #Update #Crypto $BTC (+4) ↗
Mining
Crypto Investment: Cipher Mining Secures $150M
@CipherMining plans to issue $150M in convertible bonds to fund the Black Pearl data center, aiming for a 16 EH/s hash rate by Q2’s end. #Update #Crypto (+4) ↗
Bitcoin Miner POW.RE Acquires Block Green
@POWRE_Holdings plans to acquire Swiss firm Block Green AG, merging sustainable mining with financial services in a deal involving equity, bitcoin, and cash. #Update #Crypto (+3) ↗
Bitcoin Mining Stocks Surge Applied Digital
@Applied_Digital surged 22.18% to $6.83, leading bitcoin-mining stocks higher Friday; @BitdeerTech advanced 10.63% to $15.19. #Update #Crypto (+4) ↗
US Uncovers Diversified Energy’s Illegal Mining
@DiversifiedEnergy faces allegations of leaving uncapped wells after halting crypto mining in Pennsylvania, raising environmental concerns. Authorities emphasize regulatory compliance issues. #Update #Legal (-4) ↘
Bitcoin Firm Targets $500M for Expansion
@BitDigital plans to raise $500M via an ATM equity offering, facilitated by H.C. Wainwright & Co., earning a 3% commission on sales. #Update #Crypto (+3) ↗
Bitcoin Mining Syndicate Busted Terengganu
Terengganu police and @TenagaNasional dismantled a syndicate stealing electricity for illegal bitcoin mining in Hulu Terengganu, seizing 45 machines worth RM225,000. #Update #Legal (+3) →
Bitcoin Mining Consumes 0.54 Percent Energy
Bitcoin mining consumes 138 TWh annually, 0.54% of global energy, with 52.4% from sustainable sources; U.S. leads with 75.4% hash rate contribution #Update #Crypto $BTC (→ 0)
Bitcoin Block Times Extend After Hashrate Drop
Bitcoin’s hashrate dropped by 91 EH/s after difficulty hit 123.23 trillion, extending block times to 10:34; will the May 4 retarget restore balance? #Update #Crypto $BTC (-4) ↘
LAX Heist: LAPD Recovers Stolen Bitcoin
Two individuals linked to a South American theft ring were arrested in Los Angeles for allegedly stealing $4 million in goods, including $2.7 million in ASIC bitcoin miners. #Breaking #Legal $BTC (+9) ↗
Illegal Mining Sites Unearthed in Kuwait
Authorities in Kuwait identified over 1,000 illegal cryptocurrency mining sites, straining the electrical grid and violating the national ban on mining. #Breaking #Crypto $BTC (-9) ↘
Bitcoin Mining Restrictions Expand in Russia
Three more Russian regions may join others in restricting bitcoin mining due to high energy use, with the Ministry of Finance undecided on full bans or seasonal limits. #Update #Crypto $BTC (-4) ↘
Crypto Surge US-China Optimism Boosts Stocks
@Coinbase shares rose 8.57% as crypto-linked stocks surged on US-China optimism, with mining firms posting double-digit gains while $BTC remained steady. #Update #Crypto $BTC (+6) ↗
Bitcoin Hashpower Drops 50 EH/s
Bitcoin’s hashpower dropped from 920 EH/s to 868 EH/s after a 1.42% difficulty increase, with 52 EH/s exiting since April 17 #Update #Crypto $BTC (-4) ↘