Category: Crypto Mining
Bankrupt Bitcoin Miner Rhodium Receives $30 Million Loan Funding Approval
Bankrupt crypto miner Rhodium received court approval for an unusual debtor-in-possession financing plan on Friday that offers options to borrow in either US dollars or…
Bitfarms Takes Charge of Mega-Site in the US, Adding up to 120 MW to Its Operations
This move marks yet another step for Bitfarms in its journey to expand in the US. Bitfarms inked a deal to acquire rival Stronghold Digital…
Rhodium Enterprises Files for Chapter 11 Bankruptcy
Bitcoin mining firm Rhodium Enterprises has filed for voluntary bankruptcy under Chapter 11 in the United States Bankruptcy Court for the Southern District of Texas.…
Thailand Raids Illegal Bitcoin Mine After Power Outages
Thailand’s authorities recently raided an illegal Bitcoin mine following several weeks of power outages in a local town. The raid took place on Sunday in…
JP Morgan Report Shows Bitcoin Miners’ Profits Dwindling Post Halving
Bitcoin miners facing hardships due to reduced mining rewards, finds JP Morgan. JP Morgan expects Riot and Iren stock prices to climb in the coming…
Malaysian authorities arrest seven individuals for power theft linked to Bitcoin mining
Malaysian authorities have recently arrested seven individuals for allegedly engaging in illegal Bitcoin mining operations involving electricity theft. According to local media reports from Bernama,…
Bitcoin Miners Eye $13.9B Annual Boost by Moving to AI, HPC: VanEck
Bitcoin miners may significantly boost their revenue by shifting some of their energy capacity to artificial intelligence (AI) and high-performance computing (HPC), according to investment…
IMF Proposes 85% Tax Increase to Cut Crypto Emissions
The International Monetary Fund (IMF) recently suggested a significant increase in electricity taxes for cryptocurrency mining, which could lead to a global reduction in carbon…
Marathon Digital’s $250M Funding Plan Raises Industry Concern
Marathon Digital Holdings, a leading Bitcoin mining company, has announced a $250 million private offering of convertible senior notes. This move has sparked debate within…
