American Bitcoin’s new series of preferred shares have so far raised $220 million in initial funding through a private share issuance. The company has deep ties to the Trump family. It intends to leverage the majority of the capital to purchase Bitcoin and fund the acquisition of mining equipment. This...
Just last month, Marathon Digital Holdings (MARA) announced a 25% year-on-year decrease in Bitcoin mining output for June. This drop was primarily a result of severe weather at its Texas mining site and increasing headwinds within the Bitcoin mining industry. Although this low, MARA has still mined 49,940 BTC, worth...
Gryphon Digital Mining took a big step towards its objective of appearing on Nasdaq. They were able to do this through an honestly brilliant and strategic merger with American Bitcoin. The business recently submitted an amended Registration Statement to the Securities and Exchange Commission (SEC). This filing consists of a...
A highly strategic merger currently in progress in the Bitcoin mining industry could alter the space’s competitive landscape. Gryphon Digital Mining, American Bitcoin and Hut 8 are joining forces in a powerful new alliance. Combined, they hope to be among the five largest Bitcoin miners in the world! The merger...
Bitcoin mining difficulty just had a major 7.5% drop on Sunday — the biggest negative adjustment since July 2021. This decline occurred at block height 903,168. This was largely due to mining sites throughout the U.S.—especially in Texas—suspending operations because of early summer heatwaves. This change comes on the heels...
As a vertically diversified data center company, IREN seems to have made it to a critical inflection point. Their mission is to sustainably power Bitcoin mining, AI, and other high-performance computing applications with 100% renewable energy. The company’s techno-economic based Bitcoin mining strategy saw it achieve a sizable enterprise capacity...
Residents around Seneca Lake have been sounding the alarm for their drinking water. Their worries follow an explosion and fire at the Greenridge Generation bitcoin mining facility. The bitcoin mining facility in the former coal power plant. It may be a small facility, but it’s located just outside of Dresden...
PaladinMining is a cloud mining service provider, legally established in the UK since 2016. It provides a platform for users to buy mining contracts with Dogecoin and other cryptocurrencies. With their pathbreaking enterprise in clean energy sustainable cloud mining, the company is really out in front. It is committed to...
Greenidge Generation fossil-fueled Bitcoin mining operation, Yates County, New York. Yet the damage it has caused to Seneca Lake’s environment has become the focus of an extreme controversy. Local residents, environmental advocates and state officials have long trumpeted the operations of the plant as detrimental. Some of these operations even...