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

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 […]

MicroStrategy completes billion convertible notes offering to buy more Bitcoin

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

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 […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

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.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

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 […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

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.

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

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 […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

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 […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

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 […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Banks Seek to Purchase Bitcoin Directly From BTC Mining Firm Hut 8, Says CEO

April 4, 2024 Bitcoin.com

Bitcoin

Per the CEO of Hut 8, a bitcoin mining company listed on the Toronto stock exchange, major financial institutions have made inquiries to purchase bitcoin directly from the firm. Additionally, the Hut 8 executive emphasized the forthcoming halving event’s “big impact,” noting a surge in demand juxtaposed with a reduction in available bitcoins. Financial Giants […]

MicroStrategy completes $3 billion convertible notes offering to buy more Bitcoin

Bitdeer to Boost BTC Mining Capacity With Proprietary Sealminer A1 Rigs, Eyeing 46 EH/S Milestone by 2025

March 26, 2024 Bitcoin.com

bitcoin miner

The Nasdaq-traded company specializing in bitcoin mining, Bitdeer, has unveiled its strategy to boost its overall hashrate by an additional 3.4 exahash per second (EH/s) through the deployment of its proprietary Sealminer A1 mining devices. These advanced rigs are slated for setup within Bitdeer’s mining facilities located in Texas and Norway, targeting the latter half […]

bitcoin miner

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