The funds will go toward reducing Mawson’s debts and fueling growth.
Bitcoin Miner Bitdeer Stock Slumps Nearly 30% at Trading Debut
The Singapore firm is one of the largest bitcoin miners in the world with 16.2 EH/s of hashrate.
Texas Senate Passes Bill to Limit Bitcoin Miners’ Participation in Demand Response Programs
Bitcoin miners in Texas get paid in power credits to power off during times of peak demand.
Bitcoin Miner Sphere 3D Sues Partner Gryphon Digital
Gryphon sent $500,000 of Sphere 3D’s bitcoin to an address pretending to be its CFO.
Texas Bill Limiting Benefits for Crypto Miners Unanimously Passes Committee Vote
Texas is a major hub for bitcoin miners, many of whom have taken advantage of demand response programs, which the bill looks to curb.
Bitcoin Miner TeraWulf Reports 146% Increase in Revenue as It Ramps Up Operations
TeraWulf reiterated its 5.5 EH/s computing power target for the second quarter of the year.
North Korea Hackers Likely Exploit Cloud Mining to Launder Stolen Crypto, Research Shows
The APT43 group steals crypto to fund operations and launders it through cloud mining services.
Bitcoin Miner Bitfarms Sinks to Fourth-Quarter Loss as Difficulty, Costs Rise
Bitfarms is shooting for 6 exahash per second of computing power by the end of 2023, the same goal it had set and missed for 2022.
Core Scientific Bankruptcy Judge Approves Transfer of Over $20M of Equipment to Its Exclusive Energy Negotiator
Core Scientific had stopped paying Priority Power Management in May 2022.
Crypto Winter Ends Era of Bitcoin Mining ‘HODLers’
Bitcoin miners are no longer able or willing to hold onto all of their mined digital assets indefinitely.
Bitcoin Miner Marathon Says It Still Has Access to $142M at Signature Bank
Marathon terminated a credit facility with Silvergate last week.
Bitcoin Miner Hut 8 Talks Operational Issues and USBTC Merger in Earnings Call
The Canadian mining firm has pulled 7,000 machines from a site due to litigation and is troubled by “electrical issues” at another site.
Canadian Crypto Miner Pow.re Lands 100 MW Contract in Paraguay
Pow.re is one of the few companies building out 100 MW of mining in the South American country.
TeraWulf Starts Nuclear-Powered Bitcoin Mining With Nearly 8,000K Rigs at Nautilus Facility
The miner expects its power cost to drop to $0.02/kWh when the nuclear site is fully operational.
Core Scientific Bankruptcy Judge Set to Approve $70M Financing Deal From B. Riley
The judge also indicated he would allow stockholders to form an official committee in the bankruptcy.
Montana Senate Passes Bill Protecting Crypto Miners
The state’s congress will vote next on the bill, which protects bitcoin miners from utility rate hikes and measures by local governments.
Bitcoin Mining Consulting Firm Sabre56 Raises $35M to Build 150MW of Hosting Sites
The consulting firm is moving onto the hosting business — and it already has a ‘waiting list’ of clients.
Crypto and Bitcoin Miners Rebrand and Diversify to Survive: A Look at Their New Strategies.
Some of these new business lines are more profitable than bitcoin mining – but not all.
Bitmain Partner BitFuFu Starts Marketplace for Crypto Mining Rig Coupons
The discount coupons issued last year haven’t been used because miners don’t have the cash to spend on new equipment.
Crypto Miner Core Scientific Paid More Than $1M to CEO-Affiliated Personal Jet Company
The bankrupt bitcoin miner stopped making payments to the company right before it stopped paying off its debt.