Breaking News: MINING COMPANIES – Market Insights, Analysis & Latest Updates

HashFlare cloud mining operators plead guilty to $577 million crypto fraud following FBI investigation

Estonian operators of HashFlare pleaded guilty to running a $577 million Ponzi scheme, misrepresenting mining capacity, and face up to 20 years in prison.

theblock.co • 14/02/2025 - 10:47 AM

Bitcoin miner Riot appoints former Hut 8 CEO to its board amid AI exploration

Riot Platforms has appointed former Hut 8 CEO Jaime Leverton to its board of directors, alongside the addition of two further members. The changes come amid the Bitcoin miner’s continued evaluation of AI and high-performance computing use cases.

theblock.co • 13/02/2025 - 11:09 AM

The Daily: Quest to find bitcoin fortune in garbage dump continues, Dave Portnoy's memecoin antics and more

James Howells, a resident of Newport, South Wales, plans to buy the landfill where he believes his lost £620 million ($768 million) bitcoin fortune is still buried, despite a UK judge dismissing his case last month. Eric Council Jr. pleaded guilty to conspiracy to commit aggravated identity theft and access device fraud related to the hack of the Security and Exchange Commission’s social media account in January 2024.

theblock.co • 10/02/2025 - 18:52 PM

Brit hunts for lost $768 million bitcoin treasure, seeks to buy garbage dump

James Howells seeks to buy a landfill in Newport, Wales, where he believes his lost bitcoin fortune is buried, despite legal setbacks.

theblock.co • 10/02/2025 - 14:11 PM

The Daily: Cboe BZX files to list XRP ETFs, BlackRock increases Strategy ownership to 5% and more

Cboe BZX Exchange filed 19b-4 forms with the Securities and Exchange Commission late Thursday to list and trade spot XRP ETFs for Bitwise, 21Shares and Canary Capital. Asset management giant BlackRock has increased its ownership stake in Strategy (formerly MicroStrategy) from 4.09% to 5%, according to a Schedule 13G filing with the SEC.

theblock.co • 07/02/2025 - 18:29 PM

CleanSpark reports $162.3 million in quarterly revenue: 'Why buy bitcoin at current prices when we can mine it for $34,000?'

CleanSpark's Q4 2024 report shows revenues up 120%, net income at $246.8 million, focusing on efficient bitcoin mining amidst market challenges.

theblock.co • 07/02/2025 - 11:05 AM

MINING COMPANIES

Bitcoin miner Bitdeer acquires Canadian power project for $21.7 million

Bitdeer acquires a 101 MW power project in Alberta, aiming to become the first fully-integrated Bitcoin miner, enhancing scalability and reducing costs.

theblock.co • 05/02/2025 - 06:21 AM

Cipher Mining secures $50 million investment from Stargate AI backer SoftBank

Cipher Mining receives a $50 million investment from SoftBank to enhance its AI data center operations, securing exclusivity for a major Texas site amid industry trends.

theblock.co • 31/01/2025 - 12:50 PM

Norway sovereign wealth fund's indirect bitcoin exposure grows 153% to 3,821 BTC as MicroStrategy holdings surpass $500 million: K33

Norway's sovereign wealth fund sees a 153% year-over-year increase in indirect Bitcoin holdings, totaling 3,821 BTC due to investments in multiple cryptocurrency-related companies.

theblock.co • 30/01/2025 - 13:21 PM

HIVE Digital set to acquire Bitcoin miner Bitfarms' 200 MW Paraguay site in $85 million deal

HIVE Digital has agreed to acquire Bitfarms’ 200 MW facility in Paraguay for $56 million, plus approximately $19 million in power deposit reimbursements and $10 million in remaining capital obligations. Following completion, HIVE plans to increase its Bitcoin hashrate by 400% from 6 EH/s to 25 EH/s by September.

theblock.co • 28/01/2025 - 12:58 PM

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