Riot Platforms Abandons Bitfarms Takeover Proposal, Seeks Board Seats
Bitcoin mining company Riot Platforms (RIOT) has withdrawn its acquisition proposal for Bitfarms (BITF) and is now focusing on reconstituting Bitfarms' board of directors.
Bitcoin mining company Riot Platforms (RIOT) has withdrawn its acquisition proposal for Bitfarms (BITF) and is now focusing on reconstituting Bitfarms' board of directors.
Bitcoin miner Hut 8 has secured a $150 million investment from Coatue Management to expand its AI infrastructure, signaling a major step forward in merging AI capabilities with bitcoin mining.
Auradine has partnered with CPower and Voltus to enhance Bitcoin mining efficiency using its EnergyTune technology.
Foundry has launched Foundry Hardware, offering new ancillary mining equipment like power supply units, immersion optimization kits, and control boards.
Cathedra Bitcoin plans to merge with Kungsleden and list on a major U.S. stock exchange by the second half of 2024.
Bitmain has launched the Antminer S21XP, featuring an energy efficiency of 13.5 J/TH and a hashrate capacity of 270 TH/s.
CleanSpark has acquired five new bitcoin mining sites in rural Georgia for $25.8 million, adding 60 MW of capacity.
A JPMorgan report reveals that U.S.-listed Bitcoin mining companies have reached a record market capitalization of $22.8 billion as of mid-June.
Bitcoin mining company Riot Platforms (RIOT) has withdrawn its acquisition proposal for Bitfarms (BITF) and is now focusing on reconstituting Bitfarms' board of directors.
Bitcoin miner Hut 8 has secured a $150 million investment from Coatue Management to expand its AI infrastructure, signaling a major step forward in merging AI capabilities with bitcoin mining.
Auradine has partnered with CPower and Voltus to enhance Bitcoin mining efficiency using its EnergyTune technology.
Foundry has launched Foundry Hardware, offering new ancillary mining equipment like power supply units, immersion optimization kits, and control boards.
Cathedra Bitcoin plans to merge with Kungsleden and list on a major U.S. stock exchange by the second half of 2024.
Bitmain has launched the Antminer S21XP, featuring an energy efficiency of 13.5 J/TH and a hashrate capacity of 270 TH/s.
CleanSpark has acquired five new bitcoin mining sites in rural Georgia for $25.8 million, adding 60 MW of capacity.
A JPMorgan report reveals that U.S.-listed Bitcoin mining companies have reached a record market capitalization of $22.8 billion as of mid-June.
Riot Platforms has increased its stake in Bitfarms to 14%, consolidating its position as a significant shareholder.
Bitfarms announced plans for a large-scale mining site in Pennsylvania, boosting its 2025 power capacity guidance to over 35 EH/s.
Riot Platforms has invested $111 million to acquire a 13.1% stake in Bitfarms, sparking a corporate governance battle and the implementation of a "poison pill" defense by Bitfarms' board.
Former President Donald Trump has expressed strong interest in U.S. Bitcoin mining, emphasizing its strategic importance in the face of potential Central Bank Digital Currencies (CBDCs).
Bitfarms has adopted a "poison pill" strategy to thwart Riot Platforms' hostile takeover bid, aiming to make the acquisition prohibitively expensive.
Core Scientific shares soared 37% following an all-cash acquisition offer from CoreWeave.