Tag: 219
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Bitdeer expands US Bitcoin mining rig manufacturing despite Trump’s 60% tariff proposal for 2025
Bitdeer plans US Bitcoin mining rig expansion despite Trump’s proposed 60% tariff, targeting 2025 production with 10,000 units initially.
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Bitmine invests $220 million in Ethereum as ETH price drops 5% in July 2023
Bitmine purchased $220 million in Ethereum as ETH price declined 5% last week, reflecting institutional interest amid market volatility.
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US-China trade war imposes 25% tariffs on Bitcoin mining hardware from Bitmain in 2024
US-China trade war imposes 25% tariffs on Bitcoin mining hardware, affecting Bitmain and Canaan, with $500 million in annual equipment imports disrupted.
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Foundry USA and AntPool control 51% of Bitcoin mining hashrate as of October 2023
Foundry USA and AntPool control 51% of Bitcoin hashrate, raising centralization concerns as network security relies on distributed mining power.
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Quid Miner launches XRP and BTC cloud mining contract with 15% annual returns for 2024
Quid Miner launches XRP and BTC cloud mining contract, offering 15% annual returns to 10,000 users with Bitcoin and Ripple integration.
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BAY Miner app enables compliant cloud mining for BTC, ETH, and XRP with 1M transactions
BAY Miner launched a compliant mobile cloud mining app for BTC, ETH, and XRP, processing over 1 million transactions in its first month.
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Compass Mining activates Texas Bitcoin facility with 2.5 EH/s hash rate increase in 2024
Compass Mining activated its Texas Bitcoin mining facility in 2024, boosting hash rate by 2.5 EH/s and utilizing ERCOT grid power for operations.
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Google’s 14% stake acquisition drives TeraWulf to 2.5-year high as CleanSpark declines
TeraWulf stock surged to a 2.5-year high after Google acquired a 14% stake, while CleanSpark shares declined amid the market shift.
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Bitmine trading volume hits $50 billion in Q2 2024, exceeding Tesla and Apple in the US
Bitmine trading volume exceeded Tesla and Apple in the US, reaching $50 billion in Q2 2024, with institutional investors driving activity.
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Google invests $50 million for 12% stake in TeraWulf
Google acquired a 12% stake in TeraWulf, making it the largest shareholder. The $50 million investment boosts TeraWulf’s Bitcoin mining capacity to 8 EH/s.
