Coverage of bankruptcies and restructurings reshaping the digital asset and financial sectors.
FTX’s fourth creditor distribution will inject roughly $2.2 billion into the market at a moment when Bitcoin is already trading under pressure from a deteriorating macro backdrop.
After tripling assets under management by way of its deal with FTX, Galaxy Digital is looking at other bankrupt companies' portfolios.
Hut 8 said mining site will house around 66,000 miners and will be powered by more than 215 megawatts (MW) of energy.
