Sen. @ewarren warns of national security risks from foreign-owned crypto mining firms, noting one-third are Chinese-owned. A 2024 divestment order targets MineOne near a U.S. Air Force base for potential espionage. #NationalSecurity #CryptoMining
Marathon Digital Holdings ($MARA) buys $100M in Bitcoin, adopting a full HODL strategy. Now holding over 20,000 BTC, they plan to retain all mined Bitcoin. CEO Fred Thiel calls Bitcoin the best treasury reserve asset. Legal challenges include a $139M fine. #CryptoNews #Update
MARA (@MarathonDH), rebranded from Marathon Digital, invested $100M in Bitcoin, raising holdings to over 20,000 BTC. This aligns with Bitcoin’s fourth halving. Despite favorable conditions, $MARA stock fell 2% pre-market. CEO Fred Thiel urges Bitcoin adoption as a reserve asset. #Update
Riot Platforms (@RiotPlatforms) acquires Block Mining for $92.5M, increasing its Bitcoin mining capacity by 60 MW, with plans to reach 110 MW by 2024. This boosts total capacity to 2 GW, aiming for a 16 EH/s hash rate by 2025. #Update #BitcoinMining
Riot Platforms, Inc. acquires Block Mining, Inc. for $92.5M to boost hash rate. The deal includes 60 MW capacity, aiming to hit 100 EH/s by 2025. Analysts raise 2024 revenue estimates to $344.2M. #CryptoNews #Update
Senator @CynthiaMLummis opposes a 30% energy tax on Bitcoin miners, arguing it risks pushing the industry overseas and stifles innovation. Up to 52.6% of Bitcoin mining is emissions-free, and the tax targets even off-grid sources. #CryptoNews
?? The Russian parliament passes a bill to use crypto for international trade and legalize crypto mining, effective Sept 1, 2024. This move aims to counteract Western sanctions and boost trade with China, India, and Turkey. #CryptoNews #Update
Colorado-based @RiotPlatforms acquires Kentucky’s Block Mining for $92.5M, boosting operational capacity by 16 EH/s. The deal includes $18.5M cash and $74M in stock. Despite the expansion, $RIOT shares fell 5.3% to $11.59. #BitcoinMining #Update
Swan Bitcoin (@SwanBitcoin) halts its Bitcoin mining operations and cancels IPO plans due to lack of near-term profits, announces CEO Cory Klippsten. The firm will also cut staff and focus on sustainable growth. This marks a significant shift in the crypto industry. #Update
HIVE Digital announces a 100 MW mining farm in Paraguay powered by Itaipu Dam’s hydroelectric energy, boosting their computational power to 12.1 EH/s. Their Bitcoin reserves hit 2521 BTC, valued at $168.6M. Stock price rose 8.4% to $4.5. #CryptoMining #Update
Bitcoin firm @SwanBitcoin suspends its mining operations and delays IPO plans amid market volatility. This strategic pause highlights the challenges in the crypto industry and may prompt other firms to reassess their strategies. #Update #CryptoNews
Bitcoin mining stocks like $CORZ, $RIOT, and $MARA surged as Bitcoin rose 26% this month. Investors expect Bitcoin to hit $70K soon, driven by election polls favoring Trump and strategic industry moves. #Update #Bitcoin
KK Miner’s cloud mining contracts attract $30B from 5.7M investors, offering up to $840 daily in Bitcoin as BTC surges past $65K. The company impacts 3.5% of the global hash rate. #Bitcoin #Update
Bitcoin mining difficulty surged by 3.21% to 82.05 T on July 18, 2024, despite a declining hash rate. This suggests increased miner activity, although the 90-day hash rate trend is down. Next adjustment expected July 31, 2024. #Bitcoin #Update
