Miner

BitFuFu Completes Business Combination with Arisz Acquisition Corp

Retrieved on: 
Thursday, February 29, 2024

NEW YORK and SINGAPORE, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Finfront Holding Company, a fast-growing digital asset mining service and world-leading cloud-mining service provider ("BitFuFu" or the "Company"), and Arisz Acquisition Corp.(“ARIZ”), a publicly-traded special purpose acquisition company, today announced that they have completed their previously announced business combination (the “Business Combination”).

Key Points: 
  • NEW YORK and SINGAPORE, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Finfront Holding Company, a fast-growing digital asset mining service and world-leading cloud-mining service provider ("BitFuFu" or the "Company"), and Arisz Acquisition Corp.(“ARIZ”), a publicly-traded special purpose acquisition company, today announced that they have completed their previously announced business combination (the “Business Combination”).
  • The listed company following the Business Combination is BitFuFu Inc., and its Class A ordinary shares and warrants will commence trading on the Nasdaq Stock Market under the ticker symbols “FUFU” and “FUFUW”,  starting March 1, 2024.
  • In connection with the Business Combination,  BitFuFu obtained US$74 million in private investment in public equity ("PIPE") financing commitments from existing shareholders and strategic partners, including Bitmain and AntPool.
  • Echo Hindle-Yang, Chairwoman and CEO of Arisz Acquisition Corp. commented, "BitFuFu has been at the forefront in a rapidly growing and evolving industry, and we are proud to bring this company to the public markets through this successful business combination.

Marathon Digital Holdings Introduces Anduro, a New Multi-Chain Bitcoin Layer-Two Network

Retrieved on: 
Wednesday, February 28, 2024

Fort Lauderdale, FL, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, today revealed Anduro, a new multi-chain layer-two network on Bitcoin aimed at accelerating Bitcoin development and adoption.

Key Points: 
  • New Bitcoin Layer-Two Network Designed To Expand Bitcoin’s Functionality, Spark Innovation, and Encourage Adoption
    Fort Lauderdale, FL, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA ) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, today revealed Anduro , a new multi-chain layer-two network on Bitcoin aimed at accelerating Bitcoin development and adoption.
  • To encourage Bitcoin development and adoption, Marathon has been incubating Anduro, a new programmable layer-two network on Bitcoin.
  • Anduro is a platform built on the Bitcoin network that allows for the creation of multiple sidechains, providing a new avenue for innovation within the Bitcoin ecosystem.
  • The network is designed to systematically integrate decentralized governance, with a focus on becoming the most reliable, developer-centric Bitcoin layer-two.

TecCrypto.com Gears Up for Bitcoin Halving - A Milestone Moment for the Mining Industry

Retrieved on: 
Tuesday, February 27, 2024

Recognized as a pivotal moment for cryptocurrency enthusiasts and investors alike, the Bitcoin halving is expected to reshape the landscape of digital currency mining, presenting both challenges and opportunities for miners worldwide.

Key Points: 
  • Recognized as a pivotal moment for cryptocurrency enthusiasts and investors alike, the Bitcoin halving is expected to reshape the landscape of digital currency mining, presenting both challenges and opportunities for miners worldwide.
  • As the next halving approaches, anticipation builds within the mining community, with many looking towards leading platforms like TecCrypto.com for guidance and support.
  • Pamundeep Bains, a spokesperson for TecCrypto.com, shared insights into the company's preparations for the halving: " The upcoming Bitcoin halving is more than an event; it's a transformative moment for the mining sector.
  • Bains further elaborated on the significance of the halving for the Bitcoin ecosystem: "The halving event is a testament to Bitcoin's enduring value and its designed scarcity.

Hut 8 Commences Construction of New Digital Asset Mining Site in Culberson County, Announces New Treasury Strategy

Retrieved on: 
Tuesday, February 27, 2024

MIAMI, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), one of North America’s largest, innovation-focused digital asset mining pioneers and high-performance computing infrastructure provider, is pleased to announce that it has commenced construction of its newest digital asset mining site in Culberson County, Texas. With construction underway, the Company expects to bring miners online at the site in Q2 2024.

Key Points: 
  • The Culberson County site creates the optionality for the Company to expand its self-mining fleet or to transition existing self-mining activity from Granbury, Texas and Kearney, Nebraska to the site.
  • The site is expected to have up to approximately 3.6 EH/s of self-mining capacity if current generation miners are deployed.
  • “The Culberson County project exemplifies Hut 8’s focus on operating excellence,” said Hut 8 CEO Asher Genoot.
  • The Company will use this strategy to fund capital expenditures for the Culberson County site.

Riot Purchases 31,500 Miners From MicroBT to Enhance and Expand Self-Mining Operations at Its Rockdale Facility

Retrieved on: 
Tuesday, February 27, 2024

CASTLE ROCK, Colo., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, announced today that it has entered into a new purchase agreement (the “Agreement”) with Shenzhen MicroBT Electronics Technology Co., LTD, through its manufacturing subsidiaries, (“MicroBT”) a prominent manufacturer of Bitcoin miners. Under the Agreement, Riot has purchased 31,500 next-generation M60S miners from MicroBT for a total consideration of $97.4 million (exclusive of applicable taxes and fees and adjustments), reflecting a rate of $16.50 per TH. From this new order, 14,500 miners are set to be deployed in available capacity at the Rockdale Facility. The remaining approximately 17,000 miners from this order will replace underperforming machines at the Rockdale Facility.

Key Points: 
  • Riot strengthens its self-mining operations by purchasing 31,500 WhatsMiner M60S miners from MicroBT.
  • From this new order, 14,500 miners are set to be deployed in available capacity at the Rockdale Facility.
  • The remaining approximately 17,000 miners from this order will replace underperforming machines at the Rockdale Facility.
  • "The MicroBT team is excited to continue growing our partnership with Riot with this new order of miners for its Rockdale Facility,” said Jordan Chen, COO of MicroBT.

NCLA Wins Order Blocking Dep’t of Energy’s Unlawful Demand for Cryptocurrency Mining Data

Retrieved on: 
Saturday, February 24, 2024

The 14-day TRO blocks DOE and the Energy Information Administration (EIA) from forcing cryptocurrency mining companies to hand over sensitive information about their electricity consumption through a mandatory Cryptocurrency Mining Facilities Survey.

Key Points: 
  • The 14-day TRO blocks DOE and the Energy Information Administration (EIA) from forcing cryptocurrency mining companies to hand over sensitive information about their electricity consumption through a mandatory Cryptocurrency Mining Facilities Survey.
  • On behalf of its clients, the Texas Blockchain Council and Riot Platforms, Inc., NCLA celebrates the Court’s Order and looks forward to derailing DOE’s unlawful data collection effort once and for all.
  • OMB approved EIA’s slapdash emergency request to launch the Cryptocurrency Mining Facilities Survey just two days after receiving it.
  • In demanding these companies’ data, EIA appears to be responding to political pressure rather than a genuine “emergency” implicating public harm.

Tanzanian Parliamentary Committee Lauds Barrick’s Work at North Mara

Retrieved on: 
Friday, February 23, 2024

DAR ES SALAAM, Tanzania, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Tanzania’s Parliamentary Standing Committee for Energy and Minerals has commended Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) for the significant turnaround at the North Mara gold mine and its improved relations with the community.

Key Points: 
  • DAR ES SALAAM, Tanzania, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Tanzania’s Parliamentary Standing Committee for Energy and Minerals has commended Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) for the significant turnaround at the North Mara gold mine and its improved relations with the community.
  • Members of Parliament recently visited the mine along with the Deputy Minister of Minerals, Ministry officials, the Regional Commissioner, District Commissioner, ward councilors and village leaders.
  • Councilors and village elders were encouraged to initiate a dialogue with the community’s youth to help deter criminal acts.
  • North Mara is owned by Twiga Minerals, a joint venture between Barrick and the Tanzanian government.

Riot Platforms Reports Full Year 2023 Financial Results, Current Operational and Financial Highlights

Retrieved on: 
Thursday, February 22, 2024

CASTLE ROCK, Colo., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, reports financial results for the full year ended December 31, 2023.

Key Points: 
  • CASTLE ROCK, Colo., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, reports financial results for the full year ended December 31, 2023.
  • “I am pleased to announce results for Riot for 2023, which proved to be another milestone year in Riot’s ongoing development as a leading vertically integrated Bitcoin miner,” said Jason Les, CEO of Riot.
  • Earned $71.2 million in power credits through support of the ERCOT grid in Texas during several weather-related supply/demand issues in 2023.
  • Engineering revenue in excess of engineering cost of revenue for the year ended December 31, 2023 was $3.7 million.

DMG Blockchain Solutions Reports First Quarter 2024 Results Ending December 31, 2023

Retrieved on: 
Thursday, February 22, 2024

VANCOUVER, British Columbia, Feb. 21, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and data center technology company, today announces its fiscal first quarter 2024 financial results.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 21, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and data center technology company, today announces its fiscal first quarter 2024 financial results.
  • Net income for the three months ending December 31, 2023 was $7.0 million versus a loss of $7.0 million in the prior year period.
  • Earnings per share for the first fiscal quarter ending December 31, 2023 was $0.04 versus -$0.04 in the prior year period.
  • The Company also announces that it will host a conference call to review first quarter 2024 financial results and provide a corporate update on February 22, 2024, at 4:30 pm ET.

DMG Blockchain Solutions Announces Q1 2024 Financial Results Release Date, Operational and Bosonic Investment Updates

Retrieved on: 
Wednesday, February 21, 2024

VANCOUVER, British Columbia, Feb. 20, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and data center technology company, today announces it will release financial results for its first quarter 2024 ending December 31, 2023 on Wednesday, February 21, 2024 after the market close.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 20, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and data center technology company, today announces it will release financial results for its first quarter 2024 ending December 31, 2023 on Wednesday, February 21, 2024 after the market close.
  • The Company will host a conference call to review its results and provide a corporate update on Thursday, February 22, 2024 at 4:30 pm ET.
  • DMG has received all the major electrical distribution components and mining containers, which are now located either at its Christina Lake data center facility or with its integration partners.
  • This engagement began on February 1, 2024 at a cost of US$3,500 per month.