Miner

SSRM INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that SSR Mining Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

Retrieved on: 
Tuesday, March 19, 2024
Class Action Lawsuit, Professional Services, Legal, Mining, SSR, News, Acquisition, Complaint, Safety, SSRM, Miner, Reuters, Tobacco

1:24-cv-00739 (D. Colo.), the SSR Mining class action lawsuit charges SSR Mining and certain of SSR Mining’s top current and former executives with violations of the Securities Exchange Act of 1934.

Key Points: 
  • 1:24-cv-00739 (D. Colo.), the SSR Mining class action lawsuit charges SSR Mining and certain of SSR Mining’s top current and former executives with violations of the Securities Exchange Act of 1934.
  • Lead plaintiff motions for the SSR Mining class action lawsuit must be filed with the court no later than May 17, 2024.
  • A lead plaintiff acts on behalf of all other class members in directing the SSR Mining class action lawsuit.
  • An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the SSR Mining class action lawsuit.

Lumerin Unveils Web Portal for Decentralized Bitcoin Hashpower Marketplace

Retrieved on: 
Wednesday, March 13, 2024
Data Management, Technology, Professional Services, Blockchain, Web3, Digital Cash Management, Digital Assets, Security, Data Analytics, Artificial Intelligence, Cryptocurrency, Internet, Morpheus, DEX, Environment, MetaMask, AI, Software, Miner, Multimedia, Mining

View the full release here: https://www.businesswire.com/news/home/20240313164266/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240313164266/en/
    Today, we announced the launch of the first-of-its-kind Lumerin Web Marketplace .
  • The new Lumerin Hashpower Marketplace allows Web3 users to access hashpower and mine Bitcoin without having to acquire any hardware or install any additional software.
  • George Burke, co-founder of bitcoin-based DEX network PortalDeFi.com, an early bitcoiner and strategic partner with Lumerin, shared his excitement about the Lumerin Hashpower Marketplace: "As a strategic partner powering native cross-chain liquidity into the Lumerin Hashpower Marketplace, we’re excited for this update.
  • As the Lumerin Web Marketplace is the first use case of the Lumerin protocol, we’re exploring other potential opportunities.

Ault Alliance’s Subsidiary, Sentinum, Announces 103 Bitcoin Mined in February 2024, Achieving Record Monthly Run Rate of Approximately $7.4 Million

Retrieved on: 
Tuesday, March 12, 2024
Technology, Finance, Fintech, Professional Services, Internet, Hardware, Cryptocurrency, Data Management, Other Professional Services, Growth, Miner, Multimedia, Artificial intelligence

Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), announced today that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum”) mined approximately 103 Bitcoin in February 2024.

Key Points: 
  • Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), announced today that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum”) mined approximately 103 Bitcoin in February 2024.
  • Of this total, approximately 52 Bitcoin were mined at Sentinum’s data center in Michigan, with the remaining approximately 51 Bitcoin from mining machines hosted with Core Scientific, Inc.
  • The February 2024 mining run rate of approximately $7.4 million represents the highest single monthly run rate for Bitcoin miners in the Company’s history.
  • The February mining operations represent a current Bitcoin mining operations annual run rate of approximately $89 million worth of Bitcoin.

Core Scientific Announces Fiscal Fourth Quarter and Full Fiscal Year 2023 Results

Retrieved on: 
Tuesday, March 12, 2024
Professional Services, Data Management, Other Energy, Technology, Cryptocurrency, Energy, Hardware, Bitcoin, Tax, GPU, Growth, Telephone, Senior, Science, Internet access, Investment, Access, Miner, Multimedia, Total, Mining

Core Scientific, Inc. (NASDAQ: CORZ), a leader in bitcoin mining and digital infrastructure for emerging high-value compute, reported its financial results for the fiscal fourth quarter and year ended December 31, 2023.

Key Points: 
  • Core Scientific, Inc. (NASDAQ: CORZ), a leader in bitcoin mining and digital infrastructure for emerging high-value compute, reported its financial results for the fiscal fourth quarter and year ended December 31, 2023.
  • Cost of revenue of $102.6 million in the fiscal fourth quarter of 2023 decreased by $65.9 million, or 39%, from $168.5 million for the same period in the prior year.
  • Total operating expenses of $30.0 million in fiscal fourth quarter 2023 decreased $12.6 million from total operating expenses of $42.6 million for the fiscal fourth quarter 2022.
  • Adjusted EBITDA improved to $57.5 million in the fiscal fourth quarter 2023 compared to $6.3 million in the fiscal fourth quarter of 2022, an improvement of $51.2 million.

 Greenidge Announces Expansion of Power Capacity with 40 MW of Low-Cost Power in Key Territories

Retrieved on: 
Monday, March 11, 2024
Professional Services, Data Management, Data Analytics, Technology, Cryptocurrency, Web3, Artificial Intelligence, Bitcoin, Engineering, Miner, Construction, Growth, Mining

Greenidge purchased 12 acres with 32.5 MW of mining capacity in Mississippi and is in the process of deploying 7 MW of miners in Q2.

Key Points: 
  • Greenidge purchased 12 acres with 32.5 MW of mining capacity in Mississippi and is in the process of deploying 7 MW of miners in Q2.
  • By April 1, the Company intends to deploy additional miners in conjunction with a 7.5 MW mining capacity lease in North Dakota.
  • Greenidge CEO Jordan Kovler commented: “By expanding our self-mining capabilities in key territories, Greenidge will be able to continue increasing our mining load flexibility and optimizing our operations to supercharge growth.
  • In February Greenidge produced approximately 128 bitcoin, of which 41 bitcoin were produced by Greenidge owned miners and 87 were produced through our datacenter hosting.

Iron Senergy Responds to Senator Casey

Retrieved on: 
Thursday, April 4, 2024
Carbon, Lifting, Coal, Natural Resources, Risk, Iron, Justin Thompson, Politics, Appalachian Mountains, Coal mining, Life, EPA, Workforce, Retirement, Miner, Multimedia, Bob Casey Jr., Commonwealth, Renewable energy

Through his recent press releases, Senator Casey has made it clear that the continued operation of coal-producing assets, like the Cumberland Mine, is in the "best interest of our nation."

Key Points: 
  • Through his recent press releases, Senator Casey has made it clear that the continued operation of coal-producing assets, like the Cumberland Mine, is in the "best interest of our nation."
  • Senator Casey has made it clear that he will fight for the miners, families and economy of Greene County.
  • For that reason, I am inviting Senator Casey to visit our operations as soon as it can be arranged to discuss his support of the Cumberland Mine, which as Senator Casey notes, has been a large employer in Greene County since the 1970s.
  • Senator Casey speaks of the need for coal miners to be certain about their future.

Relm Insurance Launches Web3 Product Suite

Retrieved on: 
Wednesday, April 3, 2024
Insurance, Miner, Organization, Product innovation, ETH, Policy, Digital, Cryptocurrency

HAMILTON, Bermuda, April 3, 2024 /PRNewswire/ -- Relm Insurance ("Relm"), a leading specialty insurance carrier supporting emerging and innovative industries, today announced the release of a novel product suite, providing tailored, end-to-end insurance coverage for clients immersed in Web3 technologies.

Key Points: 
  • HAMILTON, Bermuda, April 3, 2024 /PRNewswire/ -- Relm Insurance ("Relm"), a leading specialty insurance carrier supporting emerging and innovative industries, today announced the release of a novel product suite, providing tailored, end-to-end insurance coverage for clients immersed in Web3 technologies.
  • "Given our deep experience in Web3, we now have the tool kit and IP to maximize the accessibility of the most important insurance coverages that companies operating in Web3 will need to scale their business," said Joseph Ziolkowski, Relm CEO and Founder.
  • "We took a consultative approach to creating these products, leveraging dialogue with our clients and practitioners to meet the idiosyncratic risk transfer needs of companies utilizing Web3 technologies," said Claire Davey, Head of Product Innovation & Emerging Risk at Relm.
  • "We are proud of this product suite and believe that its thoughtful and specific approach will ensure the relevancy of the insurance industry in the landscape of rapidly evolving risk.

Relm Insurance Launches Web3 Product Suite

Retrieved on: 
Wednesday, April 3, 2024
Insurance, Miner, Organization, Product innovation, ETH, Policy, Digital, Cryptocurrency

HAMILTON, Bermuda, April 3, 2024 /PRNewswire/ -- Relm Insurance ("Relm"), a leading specialty insurance carrier supporting emerging and innovative industries, today announced the release of a novel product suite, providing tailored, end-to-end insurance coverage for clients immersed in Web3 technologies.

Key Points: 
  • HAMILTON, Bermuda, April 3, 2024 /PRNewswire/ -- Relm Insurance ("Relm"), a leading specialty insurance carrier supporting emerging and innovative industries, today announced the release of a novel product suite, providing tailored, end-to-end insurance coverage for clients immersed in Web3 technologies.
  • "Given our deep experience in Web3, we now have the tool kit and IP to maximize the accessibility of the most important insurance coverages that companies operating in Web3 will need to scale their business," said Joseph Ziolkowski, Relm CEO and Founder.
  • "We took a consultative approach to creating these products, leveraging dialogue with our clients and practitioners to meet the idiosyncratic risk transfer needs of companies utilizing Web3 technologies," said Claire Davey, Head of Product Innovation & Emerging Risk at Relm.
  • "We are proud of this product suite and believe that its thoughtful and specific approach will ensure the relevancy of the insurance industry in the landscape of rapidly evolving risk.

Ramaco Resources Inc. Recognized for Industry-Leading Safety in West Virginia, Receives Awards from West Virginia Coal Association and State Agencies

Retrieved on: 
Tuesday, April 2, 2024
National Mining Association, Miner, Culture, Occupational safety and health, Surface

Ramaco has received many Mountaineer Guardian Awards in the past, including five last year.

Key Points: 
  • Ramaco has received many Mountaineer Guardian Awards in the past, including five last year.
  • "These awards are a testament to the responsibility our miners take every day towards the goal of a zero-accident workplace," said Chris Blanchard, Chief Operating Officer for Ramaco.
  • "At Ramaco, we work to ensure the well-being of our staff by instilling a culture of safety in every level of our operations and giving our people what they need to succeed.
  • We are proud of the team's focus on maintaining the highest standards, and for understanding that the safety of our team is our primary benchmark for success."

Arkon Energy Places Firm Purchase Order for 27,700 New-Generation Mining Machines

Retrieved on: 
Tuesday, April 2, 2024
Bitcoin, Letter, S21, Heel, Arkon, T21, Miner, Euronext Amsterdam, Cryptocurrency

HANNIBAL, Ohio, April 2, 2024 /PRNewswire/ -- Arkon Energy US Holdco LLC ("Arkon" or the "Company") announces that it has placed a firm purchase order with Bitmain Development Pte.

Key Points: 
  • HANNIBAL, Ohio, April 2, 2024 /PRNewswire/ -- Arkon Energy US Holdco LLC ("Arkon" or the "Company") announces that it has placed a firm purchase order with Bitmain Development Pte.
  • Ltd ("Bitmain") to purchase 27,700 new-generation Bitcoin mining machines, or the equivalent of approximately 6 exahashes per second ("EH/s").
  • The purchase order includes 14,200 T21 machines and 13,500 S21 machines with deliveries to be scheduled beginning in June 2024.
  • The parties intend to negotiate definitive agreements with respect to the purchase order in the coming days.