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Bitcoin Mining

A collection of 12 posts

Chinese Car Dealership Cango Makes $256 Million Investment into Bitcoin Mining

Chinese Car Dealership Cango Makes $256 Million Investment into Bitcoin Mining

In a bold move that underscores the shifting corporate strategy, Shanghai's own Cango Inc., traditionally known for its automotive transactions, has plunged into the murky, yet lucrative waters of Bitcoin mining with a hefty investment of $256 million. Cango's Strategic Shift into Cryptocurrency The company has

Marathon Digital Turns Bitcoin Mining Heat into Warmth for 80,000 Finnish Homes

Marathon Digital Turns Bitcoin Mining Heat into Warmth for 80,000 Finnish Homes

In a fascinating experiment, Marathon Digital Holdings has managed to turn the heat from Bitcoin mining into a resource that warms the homes of 80,000 residents in Finland. This innovative approach not only redefines what we think about Bitcoin mining but also showcases how such operations can contribute positively

Iran Suspects Bitcoin Mining For Persistent Power Outages

Iran Suspects Bitcoin Mining For Persistent Power Outages

In recent weeks, Iran has been grappling with rolling power blackouts, disrupting life across the capital Tehran and numerous outlying provinces. Amid this chaos, Iran suspects a significant culprit: the energy-intensive practice of Bitcoin mining. Iran, long burdened by international sanctions due to its nuclear ambitions, faces a complex energy

Nvidia Faces Setback as US Supreme Court Rejects Appeal in Crypto Class Action Suit

Nvidia Faces Setback as US Supreme Court Rejects Appeal in Crypto Class Action Suit

In a significant legal blow to Nvidia, the tech giant known for its high-performance graphics processing units (GPUs), the United States Supreme Court has dismissed the company's appeal, paving the way for a class-action lawsuit to move forward. This lawsuit accuses Nvidia of misleading investors by understating the

Riot Platforms Amps Up Bitcoin Holdings with Massive $500 Million Fundraise

Riot Platforms Amps Up Bitcoin Holdings with Massive $500 Million Fundraise

Riot Platforms, a leading Bitcoin mining company, is making headlines with its ambitious plan to bolster its Bitcoin reserves. The firm has announced intentions to raise up to $500 million through a private senior convertible notes offering. This strategic financial move aims not only to expand Riot's Bitcoin

Putin Declares Bitcoin Unstoppable as Russia Embraces Crypto

Putin Declares Bitcoin Unstoppable as Russia Embraces Crypto

Russian President Vladimir Putin has publicly endorsed Bitcoin, declaring it an unstoppable force in the global financial landscape. Speaking at the World Trade Center in Moscow on Wednesday, Dec. 4, Putin highlighted the inevitability of digital currencies' growth, not just in Russia but across the world. His comments come

Marathon Digital's Massive $618M Bitcoin Purchase Sparks Market Surge

Marathon Digital's Massive $618M Bitcoin Purchase Sparks Market Surge

In a move that has captured the attention of both the crypto and financial markets, Marathon Digital, a prominent Bitcoin miner from Florida, has announced the acquisition of approximately 6,484 Bitcoins for a staggering $618 million in cash. This strategic purchase was disclosed in a recent SEC filing, signaling

U.S. Bitcoin Miners Encounter Delays as Customs Halt Bitmain Shipments Amid Sanctions Concerns

U.S. Bitcoin Miners Encounter Delays as Customs Halt Bitmain Shipments Amid Sanctions Concerns

Crypto mining in the United States has recently been thrown into disarray as key equipment shipments from Bitmain, one of the world's leading ASIC manufacturers, are being detained by the U.S. Customs and Border Protection (CBP). This situation has not only put a spotlight on America'

New Satoshi Nakamoto Candidate Emerges: MegaWhale

Satoshi Nakamoto

New Satoshi Nakamoto Candidate Emerges: MegaWhale

The quest to identify Satoshi Nakamoto, the mysterious creator of Bitcoin, has been a persistent puzzle in the cryptocurrency world. While many have speculated about who might be behind this pseudonym, from notable figures in the tech sphere to outright impostors, the truth remains elusive. The exploration into this mystery

Marathon Digital Secures Over 1 Billion Dollars to Expand Bitcoin Holdings

Marathon Digital Secures Over 1 Billion Dollars to Expand Bitcoin Holdings

BREAKING: Marathon Digital Holdings, a leading Bitcoin mining company, has successfully raised over a billion dollars with the aim of significantly increasing its Bitcoin reserves. This financial maneuver not only underscores the company's commitment to Bitcoin but also highlights the growing institutional interest in cryptocurrencies as viable, long-term

Trump's Proposal for Tax-Free U.S.-Issued Cryptocurrencies Like Bitcoin, Cardano, and XRP

Trump's Proposal for Tax-Free U.S.-Issued Cryptocurrencies Like Bitcoin, Cardano, and XRP

In a significant policy shift that could reshape the crypto landscape in the United States, former President Donald Trump has hinted at potentially groundbreaking changes in how cryptocurrencies are taxed. The proposal, which has stirred discussions across financial and tech sectors, suggests that digital currencies issued in the U.S.

Russia's Strategic Move: Mining Bitcoin in BRICS Nations

Russia's Strategic Move: Mining Bitcoin in BRICS Nations

In an era where digital currency is not just a trend but a geopolitical strategy, Russia has announced its ambitious plan to mine Bitcoin across the BRICS countries. This initiative, revealed by none other than Andrei Lugovoi, a State Duma member, underscores a pivotal shift in how Russia perceives and