CleanSpark becomes fourth Bitcoin miner to hold 10,000 BTC

January 10, 2025 Coin Telegraph

CleanSpark joins MARA Holdings, Riot Platforms and Hut 8 Mining Corp as a major listed Bitcoin mining firm with 10,000 Bitcoin or more on its balance sheet.

United States Bitcoin mining firm CleanSpark says it now holds 10,097 Bitcoin in its treasury — making it the fourth public-listed mining firm to currently hold more than 10,000 Bitcoin.

It follows a 236% year-over-year increase in CleanSpark’s Bitcoin (BTC)-denominated treasury, which CleanSpark’s CEO Zach Bradford attributed to the company scaling more efficiently and responsibly in a Jan. 9 statement.

All of CleanSpark’s 10,097 Bitcoin has been mined in the US, supporting American energy and jobs while contributing to the growth of Bitcoin’s global ecosystem, Bradford added.

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North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Starboard Value takes stake in Riot Platforms, eyes AI shift

December 13, 2024 Coin Telegraph

AI transition

The activist investor is said to be pushing Riot to optimize the use of its facilities the same way many of its colleagues already have.

Activist investor Starboard Value has taken a “significant position” in Bitcoin miner Riot Platforms, The Wall Street Journal said. The financial details were not reported, but the news gave Riot a boost in stock price.

According to the newspaper’s unnamed sources, Starboard Value has been urging Riot to repurpose some of its Bitcoin (BTC) mining capacity for hyperscalers — large data center users — which have grown drastically in number due to the artificial intelligence boom.

The newspaper had seen a statement by Riot confirming that talks had taken place between the parties. It quoted Riot as saying:

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MARA Plans $700 Million Convertible Notes Offering to Fund Bitcoin Purchase

November 18, 2024 Bitcoin.com

MARA Plans 0 Million Convertible Notes Offering to Fund Bitcoin Purchase

bitcoin miner

MARA Holdings, Inc., a Nasdaq-listed bitcoin mining firm, has announced plans for a $700 million private offering of convertible senior notes due in 2030. MARA Holdings Proposes $700 Million Convertible Notes Offering MARA Holdings (Nasdaq: MARA) disclosed on Nov. 18 that the proposed offering is intended for qualified institutional buyers under Rule 144A of the […]

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Meet the Sealminer A2: Bitdeer’s New ASIC in the Bitcoin Mining Arena

October 26, 2024 Bitcoin.com

bitcoin miner

This week, Bitdeer (Nasdaq: BTDR), a publicly listed firm in bitcoin mining and rig production, unveiled its latest product: the Sealminer A2. Bitdeer claims this machine clocks in at an impressive 226 terahash per second (TH/s) with a sleek energy efficiency of 16.5 joules per terahash (J/T). “Mass production introduction is in progress, coming soon […]

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Bitcoin miners may gain $13.9B yearly from 20% shift to AI and HPC: VanEck

August 18, 2024 Coin Telegraph

bitcoin miner

Bitcoin miners could increase profitability and improve "bad balance sheets" by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck.

Bitcoin miners have the opportunity to potentially generate around $13.9 billion in additional yearly revenue if they partially transition to providing energy to the artificial intelligence and high-performance computing (HPC) sector by 2027, according to investment firm VanEck.

“AI companies need energy, and Bitcoin miners have it,” VanEck stated in an Aug. 16 report. The firm believes that Bitcoin miners, which face profitability risks from volatile operating costs and Bitcoin’s (BTC) price fluctuations, may find it beneficial for their financial positions to redirect some of their energy capacity towards the growing sectors.

“Bitcoin miners generally have bad balance sheets, either because of too much debt, too much share issuance, too much executive compensation, or some combination of all three,” VanEck claimed.

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MARA Announces $250M Private Offering of Convertible Senior Notes to Buy More Bitcoin

August 12, 2024 Bitcoin.com

Bitcoin

Marathon Digital Holdings, Inc., now simply known as MARA, is rolling out a plan to offer $250 million in convertible senior notes set to mature in 2031. This move, targeting qualified institutional buyers, aims to generate funds for corporate ventures and the purchase of more bitcoin. MARA to Purchase More Bitcoin Following Private Sale As […]

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

World’s largest Bitcoin miner didn’t sell any BTC in June

July 3, 2024 Coin Telegraph

Bitcoin Halving

Marathon Digital said it aims to further strengthen its Bitcoin holdings through open-market acquisitions but may also sell to support operations in the future.

Marathon Digital Holdings, the world’s largest Bitcoin mining firm, has not sold any of its Bitcoin holdings during the past month.

Despite Bitcoin (BTC) being in a downtrend for over a month, Marathon Digital chose to hold onto all its Bitcoin.

As of June, the company held a total of 18,536 Bitcoin worth over $1.1 billion, according to the firm’s operations report published on July 3.

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Riot Proposes Acquisition of Bitfarms to ‘Create the World’s Largest Publicly Listed Bitcoin Miner’

May 28, 2024 Bitcoin.com

Acquisition

Riot Platforms has announced a proposal to acquire Bitfarms to create “the world’s largest publicly listed bitcoin miner.” This offer includes cash and Riot stock, representing a 24% premium. Despite the initial rejection from Bitfarms’ Board, the proposal will be directly presented to shareholders. Riot asserts that the acquisition will establish a vertically integrated, geographically […]

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Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to $39.4 Million

May 18, 2024 Bitcoin.com

Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to .4 Million

bitcoin miner

In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same period which resulted in the company recording a gross loss of $37.3 million. Nangeng Zhang claimed that Canaan’s revenues in the last quarter exceeded expectations due to the company’s persistent sales efforts and […]

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

EOS Network Foundation Founder: Bitcoin Halving Spurs Development of Solutions Enhancing Network Efficiency

May 16, 2024 Bitcoin.com

bitcoin miner

With Bitcoin transaction fees recently becoming a more critical component of miner revenue, Yves La Rose, CEO of Exsat, believes there is “an increased incentive to adopt and develop solutions that enhance transaction throughput and network efficiency.” According to La Rose, this can be achieved by integrating advanced layer two (L2) solutions which expand the […]

bitcoin miner

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