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MINING COMPANIES

Bitcoin miner revenues continue to decline in September as network hash rate rises

Crypto miners faced revenue declines in September due to increased network difficulty, but some companies improved productivity and stock performance amid a shifting focus towards AI.

theblock.co • 08/10/2024 - 14:33 PM

Bitcoin miner Riot open to AI opportunities if the right deal comes along: Bernstein

Riot Platforms' CEO considers AI opportunities cautiously while continuing focus on bitcoin mining, highlighting Texas facilities and market conditions that support long-term bitcoin strategies.

theblock.co • 07/10/2024 - 11:48 AM

Bitcoin miner Riot open to AI opportunities if the right deal comes along: Bernstein

In an interview with Bernstein, Riot Platforms CEO Jason Les said the bitcoin miner would be open to AI opportunities if the right deal came along. Les identified the deal between Core Scientific and CoreWeave as an example but stressed that the firm would not simply chase the AI hype.

theblock.co • 07/10/2024 - 11:48 AM

The Daily: IMF urges El Salvador to limit scope of bitcoin law, HBO documentary claims to unveil Satoshi's identity and more

The newsletter covers IMF warnings to El Salvador, TeraWulf's stake sale, Hyperliquid's trading success, Bitcoin ETF outflows, and an HBO documentary on Satoshi Nakamoto's identity.

theblock.co • 04/10/2024 - 17:18 PM

The Daily: IMF urges El Salvador to limit scope of bitcoin law, HBO documentary claims to unveil Satoshi's identity and more

The newsletter discusses the IMF's advice to El Salvador, TeraWulf's sale for AI funding, Hyperliquid's trading volume, Bitcoin ETF outflows, and an HBO documentary on Satoshi Nakamoto.

theblock.co • 04/10/2024 - 17:18 PM

TeraWulf sells $92 million stake in nuclear-powered bitcoin mine to fund AI diversification

TeraWulf sold a 25% stake in a nuclear bitcoin mining facility for $92 million to fund HPC and AI data center expansion, diverging from traditional bitcoin mining strategies.

theblock.co • 04/10/2024 - 10:00 AM

TeraWulf sells $92 million stake in nuclear-powered bitcoin mine to fund AI diversification

TeraWulf sold its 25% stake in a nuclear bitcoin mining facility for $92M to expand AI and HPC services, achieving a 3.4x return on investment.

theblock.co • 04/10/2024 - 10:00 AM

The Daily: Bithumb mulls Nasdaq listing, CleanSpark CEO predicts bitcoin to peak near $200,000 this cycle and more

Bithumb considers a Nasdaq listing, bitcoin may peak near $200K, Ethereum's sales exceed $10M, and World Liberty Financial opens KYC for its governance token.

theblock.co • 30/09/2024 - 17:29 PM

CleanSpark CEO expects bitcoin to peak near $200,000 this cycle: Bernstein

CleanSpark CEO Zach Bradford forecasts Bitcoin could peak near $200,000 in 18 months, citing macro influences and efficient mining strategies as vital to future growth.

theblock.co • 30/09/2024 - 10:38 AM

Bitcoin mine that could have 'flattened out' energy bills in Minnesota town halts plans amid potential noise complaints

Revolve Labs withdrew its Bitcoin mining proposal in Minnesota due to community noise and property value concerns, reflecting ongoing debates about the impact and benefits of crypto mining.

theblock.co • 26/09/2024 - 13:46 PM

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