Bitcoin Mining firm Core Scientific rejected a $1 billion takeover bid

Bitcoin miner Core Scientific Inc. has made headlines by rejecting a $1 billion takeover offer from the artificial intelligence startup CoreWeave Inc. This decision comes just days after both companies announced a partnership aimed at generating approximately $3.5 billion in…

Bitfarms Rejects $1 Billion Buyout Offer from Riot Platforms

Bitfarms, a bitcoin mining firm, recently turned down a nearly $1 billion acquisition offer from Riot Platforms. This decision has significant implications for the bitcoin mining industry and the stakeholders involved. Riot Platforms’ proposal included the purchase of all outstanding…

Harnessing Stranded Natural Gas for Bitcoin Mining in Argentina

Argentina’s energy sector is making significant progress towards sustainable practices by embracing Bitcoin mining as a solution to utilize stranded natural gas. Spearheaded by YPF Luz, a subsidiary of state-owned energy firm YPF, in collaboration with Genesis Digital Assets (GDA),…

Biden Proposes Tax That Could End US Bitcoin Mining Sector

The United States’ stance on cryptocurrency regulations, particularly concerning Bitcoin mining, has raised significant concerns within the industry. Despite the approval of Bitcoin exchange-traded funds (ETFs), the federal government’s aggressive approach to cryptocurrency regulations threatens to hinder the growth of…

CleanSpark Showcases Sustainable Bitcoin Mining Progress in March 2024 Update

CleanSpark Inc. (Nasdaq: CLSK) is a player in the Bitcoin mining industry, known for its commitment to sustainable practices and cutting-edge technology. As America’s Bitcoin Miner™, CleanSpark has positioned itself as a frontrunner in the quest for financial independence and…

Core Scientific Partners with CoreWeave for Data Center Expansion and GPU Cloud Services

Core Scientific, Inc. (Nasdaq: CORZ), has announced a monumental multi-year contract with CoreWeave, the frontrunner in specialized GPU cloud services. This partnership is poised to enhance Core Scientific’s data center capabilities by supplying up to 16 MW of infrastructure to…

Bitcoin Mining Company and Texas Blockchain Council Challenge Department of Energy – Legal Battle Over Energy Survey

In a recent development, a federal judge has granted a temporary suspension to a Texas-based Bitcoin mining company, Riot Platforms, and the Texas Blockchain Council, allowing them to delay the Department of Energy’s emergency survey of their energy usage. The…

Mining 510 BTC at $9,177 Each with a 960 PH/s Hashrate in Texas by Cormint’s

Cormint, a Texas-based bitcoin mining firm, has emerged as a prominent player in the cryptocurrency mining industry. With its exceptional operational statistics and impressive financial performance, Cormint has positioned itself as a leader in operational efficiency. In this article, we…

Biden Administration Takes Action to Regulate Crypto Mining

The Biden administration has taken a significant step towards regulating large-scale cryptocurrency mining operations by mandating the reporting of electricity usage. This decision, announced through a press release from The Energy Information Administration (EIA), comes as a response to concerns…

Crypto Mining Firm Hut8Corp Appoints Asher Genoot as CEO Amidst Controversy

Hut 8 Corp., a prominent publicly traded Bitcoin mining company, has announced the appointment of Asher Genoot as its new chief executive officer (CEO). This leadership transition comes in the wake of a critical report released by a short-seller, which…