Bitfarms Q3 Report Shows $69M Revenue and $588M Raise for AI Pivot
TLDR: Bitfarms raised $588M through convertible notes, bringing total liquidity to more than $1B. Washington site will host GB300...
Bitfarms to Shift Focus from Bitcoin Mining to AI and HPC Technology
TLDR Bitfarms to phase out Bitcoin mining and shift focus to AI and HPC infrastructure by 2027 The company plans to repurpose the...
Bitcoin Miner CleanSpark Taps $1.15B Notes Offering to Fuel Growth and Buybacks
TLDR: CleanSpark raises $1.15B via zero-coupon convertible notes due 2032. $460M earmarked for share buybacks at $15.03 per share....
GREE’s 30% Surge After Winning Regulatory Battle in New York
TLDR Greenidge Generation Holdings secured a five-year Title V Air Permit renewal with the New York State Department of Environmen...
Bitcoin Mining Hits 1.13 Zh/s as Energy Costs Squeeze Earnings
TLDR Bitcoin mining hashrate reached a record 1.13 zettahash per second in October 2024. Daily revenue per exahash per second drop...
American Bitcoin Boosts Treasury With 1,414 BTC Buy Worth $97M
TLDR: American Bitcoin adds 1,414 BTC, expanding its total holdings to 3,865 BTC worth roughly $267M. The purchase was funded thro...
CleanSpark Expands Into AI With Key Hire From Humain’s DC Program
TLDR CleanSpark has announced its expansion into AI data-center infrastructure. The company appointed Jeffrey Thomas as senior vic...
Hong Kong Firm Bets $200M on Tether Gold and Bitcoin Infrastructure
TLDR DL Holdings has announced a $200 million investment in digital assets focused on Tether Gold and Bitcoin mining. The company...
Bitfarms Raises $500M in Convertible Notes to Strengthen Its Crypto Infrastructu...
TLDR: Bitfarms priced a $500M convertible note offering with a 1.375% rate and maturity in 2031 to fund operations. The convertibl...
Bitcoin Miners Move 51,000 BTC to Binance, Hinting at Market Shift
TLDR Bitcoin miners have transferred 51,000 BTC worth over $5.7 billion to Binance since October 9. CryptoQuant data shows that ov...