Hut 8 nabs $50M Coinbase credit facility ahead of merger with US Bitcoin
CEO Jaime Leverton says the credit facility provides the firm with "additional financial flexibility."
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CEO Jaime Leverton says the credit facility provides the firm with "additional financial flexibility."
Oluwapelumi Adejumo 2 min read
A New York spa has caused a stir among its trendy clientele by revealing it moonlights as a Bitcoin mining operation.
The reorganization plan, if it is approved, will allow claims to be paid out.
CleanSpark said the mining facilities would house over 6,000 Antminer S19 XPs and S19J Pro+s machines.
Iris stated that its capacity will rise by 63% to 9.1 EH/s by early 2024 and revitalize its high-performance computing (HPC) data center.
A top official of the Russian Federation has hinted that the country would legalize crypto mining activities by next year.
June 3 saw the largest miner transfer to exchanges in four years, with around a third of the volume coming from a single mining pool.
El Salvador's ambitious Volcano Energy project aims to create a global Bitcoin mining powerhouse fueled by renewable solar and wind energy.
CleanSpark is doubling down on its expansion plans and recently completed the acquisition of over 12,000 Bitcoin mining machines.