Bitcoin Miner Riot Scoops Small Kentucky Rival for $92 Million as Sector Sags – Decrypt
Riot Platforms announced on Tuesday that it has acquired Kentucky-based Block Mining Corp. for $92.5 million as headwinds faced by small-scale bitcoin miners continue to pose challenges for the industry. Terms of the agreement include $18.5 million in cash and $74 million in Riot common stock, with the possibility of additional payments based on performance […]
Bitcoin miner Cipher receives takeover offer, considers sale: Report – Cointelegraph
Bitcoin mining company Cipher is considering a sale after receiving a takeover bid, according to a recent Bloomberg report. of report The company is currently in discussions with advisers to gauge potential interest, but management may consider not selling the company, according to anonymous sources. Cipher (CIFR) shares surged to a high of $8.00 on […]
'No signs' of Bitcoin miner capitulation despite plummeting revenue – Cointelegraph
Bitcoin (BTC) miners are showing no signs of “capitulating” even though their revenues have fallen to a 14-month low following April’s halving event. On April 30th post In response to He said he was faced with two choices: wait or wait. “Now they have two options: 1. capitulate or 2. wait for BTC price to […]
This $2.8 Billion Coal Miner Has Been Mining Bitcoin, Too – Decrypt
A coal mining company revealed that it had been secretly mining Bitcoin for over three years. Alliance Resource Partners listed on the Nasdaq Stock Exchange under the ticker ARLPrevealed its efforts in cryptocurrency at the first quarter financial results conference. “We saw this as just an opportunity given the fact that we have excess power […]
Bitcoin pump prompts 'emergency' review of US crypto miner energy use – Cointelegraph
The U.S. Department of Energy (DOE) is asking crypto miners to report their energy consumption over the next six months, following concerns that the recent rise in Bitcoin (BTC) prices is leading to a surge in crypto mining. ing. On January 31, the U.S. Energy Information Administration (EIA), the statistical agency of the DOE, Said […]