Riot Platform buys Kentucky-based Block Mining for $93M
Riot says the deal will immediately add one exahash per second to its self-mining hashrate and expands its footprint in the United States.
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Riot says the deal will immediately add one exahash per second to its self-mining hashrate and expands its footprint in the United States.
The partners at the Texas facility had troubled relations almost from their start in 2020.
The pro-crypto senator claimed that Bitcoin mining consumes as much energy as household appliances such as tumble dryers.
Marathon Digital has been fined $138M for breaching a non-disclosure, non-circumvention agreement with former executive Michael Ho.
The CEO said that, without revenue from the mining arm, the company expected to halt its plans for a public offering and announced staff cuts.
This week’s Crypto Biz also explores Tether’s new hiring, a takeover bid for Cipher, Grayscale new decentralized AI fund, Ether ETFs, and more.
Could miner capitulation signal that selling pressure is easing, or could it be the death spiral that takes Bitcoin out of its decade-long run?
Cipher’s initial public offering (IPO) was in 2021. Its current market cap is more than $2 billion.
Bitcoin L2s remain crucial to the Asian crypto ecosystem, offering miners new revenue streams after the most recent halving.
Crypto stocks’ strong performance was largely attributed to growing bets that Donald Trump will win the presidential election.
