Bitmain

Creek Road Miners Announces Its First Cryptocurrency Revenue at Commercial Scale

Monday, October 25, 2021 - 2:00pm

Creek Road Miners, Inc. (OTCQB:CRKR) (Creek Road Miners, or Company) today announces the completion and deployment of its inaugural commercial-scale cryptocurrency mining facility.

Key Points: 
  • Creek Road Miners, Inc. (OTCQB:CRKR) (Creek Road Miners, or Company) today announces the completion and deployment of its inaugural commercial-scale cryptocurrency mining facility.
  • With the launch of its operations, the Company is mining at a rate of 16 Petahash (Ph/s) per second and has now recognized its first Bitcoin revenue.
  • The container is engineered to withstand the elements while channeling the significant power required for operations and providing the airflow necessary for cooling.
  • When set up on water, the operations can be moved anywhere a barge can travel, giving Creek Road Miners the ability to leverage otherwise neglected energy sources.

OLB Group announces Launch of Bitcoin Mining Operation with Initial 100 Antminer S19j Pro Cryptocurrency Asic Miners in Zero Carbon Data Center

Tuesday, October 19, 2021 - 2:30pm

The OLB Group, Inc. (NASDAQ: OLB), a diversified eCommerce merchant services provider and Bitcoin mining enterprise, announced today that DMint, Inc., a wholly-owned subsidiary of OLB ("DMint"), has initiated Bitcoin mining with its first one hundred (100) Antminer S19j Pro cryptocurrency mining computers.

Key Points: 
  • The OLB Group, Inc. (NASDAQ: OLB), a diversified eCommerce merchant services provider and Bitcoin mining enterprise, announced today that DMint, Inc., a wholly-owned subsidiary of OLB ("DMint"), has initiated Bitcoin mining with its first one hundred (100) Antminer S19j Pro cryptocurrency mining computers.
  • We are confident that we will have 1,000 Antminer S19j Pro miners operating by the end of this year.
  • DMint is a wholly owned subsidiary of the OLB Group engaged in the mining of Bitcoin in net-zero carbon data centers with an initial deployment of 1,000 ASIC-based Antminer S19j Pro 96T mining computers specifically designed for the efficient mining of Bitcoin.
  • The OLB Group, Inc. (NASDAQ: OLB) is a diversified Fintech eCommerce merchant services provider and Bitcoin crypto mining enterprise.

Binance Launches $1 Billion Fund to Accelerate Blockchain Tech Adoption

Friday, October 15, 2021 - 1:50pm

NEW YORK, Oct. 15, 2021 /PRNewswire/ -- September 15, 2021 - Blockchain technology is becoming increasingly popular and thanks to a $1 billion growth fund being launched by the world's largest crypto exchange, it's about to get a lot bigger. Binance just announced the launch of a billion-dollar fund in support of the Binance Smart Chain blockchain to accelerate the adoption of digital assets and blockchain technology. At the same time, the total locked value in DeFi surpassed $200 billion, marking an impressive 855% increase since January 1, 2021, and revealing the market's growing appetite for blockchain, crypto, and decentralized finance (DeFi). As the popularity of blockchain increases, innovative companies like WonderFi Technologies Inc. (NEO:WNDR) (OTCPK:WONDF), Bitfarms (NASDAQ:BITF) (TSXV:BITF), Bit Digital (NASDAQ:BTBT), Mobilum Technologies Inc. (CSE:MBLM) (OTCPK:MBLMF) and DMG Blockchain (TSX-V:DMGI) (OTCQB:DMGGF) are taking steps to position themselves as market leaders in the expanding blockchain and crypto space.

Key Points: 
  • Binance just announced the launch of a billion-dollar fund in support of the Binance Smart Chain blockchain to accelerate the adoption of digital assets and blockchain technology.
  • WonderFi is also collaborating with Circle Internet Financial to offer customers the world's fastest-growing stablecoin, USDC through the WonderFi App.
  • Companies like Kevin O'Leary-backed WonderFi Technologies are providing solutions to support the growing blockchain, crypto, and decentralized finance markets as they become mainstream.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Binance Launches $1 Billion Fund to Accelerate Blockchain Tech Adoption

Friday, October 15, 2021 - 1:50pm

NEW YORK, Oct. 15, 2021 /PRNewswire/ -- September 15, 2021 - Blockchain technology is becoming increasingly popular and thanks to a $1 billion growth fund being launched by the world's largest crypto exchange, it's about to get a lot bigger. Binance just announced the launch of a billion-dollar fund in support of the Binance Smart Chain blockchain to accelerate the adoption of digital assets and blockchain technology. At the same time, the total locked value in DeFi surpassed $200 billion, marking an impressive 855% increase since January 1, 2021, and revealing the market's growing appetite for blockchain, crypto, and decentralized finance (DeFi). As the popularity of blockchain increases, innovative companies like WonderFi Technologies Inc. (NEO:WNDR) (OTCPK:WONDF), Bitfarms (NASDAQ:BITF) (TSXV:BITF), Bit Digital (NASDAQ:BTBT), Mobilum Technologies Inc. (CSE:MBLM) (OTCPK:MBLMF) and DMG Blockchain (TSX-V:DMGI) (OTCQB:DMGGF) are taking steps to position themselves as market leaders in the expanding blockchain and crypto space.

Key Points: 
  • Binance just announced the launch of a billion-dollar fund in support of the Binance Smart Chain blockchain to accelerate the adoption of digital assets and blockchain technology.
  • WonderFi is also collaborating with Circle Internet Financial to offer customers the world's fastest-growing stablecoin, USDC through the WonderFi App.
  • Companies like Kevin O'Leary-backed WonderFi Technologies are providing solutions to support the growing blockchain, crypto, and decentralized finance markets as they become mainstream.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.

Renewed Optimism Spreads Throughout the Cryptocurrency Landscape

Thursday, October 14, 2021 - 2:00pm

"BLOK has provided investors with additional portfolio diversification through its unique portfolio makeup that includes the Bitcoin Investment Trust.

Key Points: 
  • "BLOK has provided investors with additional portfolio diversification through its unique portfolio makeup that includes the Bitcoin Investment Trust.
  • Blockchain technology is primarily known for one application today: cryptocurrency."
  • The Company expects to have the first 20 MW of power paired with rigs and running full-out by October 2021.
  • Headquartered inSydney,Australia, Mawson is a global digital infrastructure provider with diversified operations across cryptocurrency mining and digital asset management.

Renewed Optimism Spreads Throughout the Cryptocurrency Landscape

Thursday, October 14, 2021 - 2:00pm

NEW YORK, Oct. 14, 2021 /PRNewswire/ -- Bitcoin's recent rally has brough optimism back to the market. According to Fidelity Director of Global/Macro, Jurrien Timmer, the ongoing rally in Bitcoin could continue towards new record heights over the next two years, Markets Insider reported. Based on his proprietary supply-and-demand model, Timmer sees Bitcoin reaching USD 100,000 by 2023 as momentum traders begin to buy into the recent rally. "This rally has come with little fanfare and doesn't seem driven by momentum chasers. The percentage of coins held by short-term 'tourists' is down to just 15%. This tells me there could be room to run if momentum chasers pile in," Timmer said. ISW Holdings Inc. (OTC: ISWH), Bitfarms Ltd. (NASDAQ: BITF), Bit Digital, Inc. (NASDAQ: BTBT), Canaan Inc. (NASDAQ: CAN), Marathon Digital Holdings, Inc. (NASDAQ: MARA)

Key Points: 
  • "BLOK has provided investors with additional portfolio diversification through its unique portfolio makeup that includes the Bitcoin Investment Trust.
  • Blockchain technology is primarily known for one application today: cryptocurrency."
  • The Company expects to have the first 20 MW of power paired with rigs and running full-out by October 2021.
  • Headquartered inSydney,Australia, Mawson is a global digital infrastructure provider with diversified operations across cryptocurrency mining and digital asset management.

CleanSpark Uses Bitcoin to Fund 4,500 Newest Generation Miners

Tuesday, October 12, 2021 - 2:00pm

Renewable energy-focused Bitcoin miner uses its own mined Bitcoins to accelerate growth, hashrate, reducing dilution.

Key Points: 
  • Renewable energy-focused Bitcoin miner uses its own mined Bitcoins to accelerate growth, hashrate, reducing dilution.
  • In line with the interests of its shareholders, by selling some of its bitcoin, CleanSpark is converting a portion of its BTC holdings into bitcoin miners to increase revenues.
  • CleanSpark believes that the value of digital currencies such as Bitcoin stems from their usefulness as a medium of exchange.
  • CleanSpark, Inc., a Nevada corporation, is an energy technology and clean bitcoin mining Company that is focused on solving modern energy challenges.

Large Financial Institutions Adopt a New Approach to Cryptocurrencies

Thursday, October 7, 2021 - 2:00pm

NEW YORK, Oct. 7, 2021 /PRNewswire/ -- This week has seen even more news regarding the acceptance of cryptocurrencies in the overall financial industry.

Key Points: 
  • NEW YORK, Oct. 7, 2021 /PRNewswire/ -- This week has seen even more news regarding the acceptance of cryptocurrencies in the overall financial industry.
  • According to a report by Reuters , the fifth largest U.S. bank said Bitcoin-focused financial services firm NYDIG will act as a sub-custodian and the service will soon support cryptocurrencies besides Bitcoin as well.
  • The Company expects to have the first 20 MW of power paired with rigs and running full-out by October 2021.
  • FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform.

Large Financial Institutions Adopt a New Approach to Cryptocurrencies

Thursday, October 7, 2021 - 2:00pm

NEW YORK, Oct. 7, 2021 /PRNewswire/ -- This week has seen even more news regarding the acceptance of cryptocurrencies in the overall financial industry. U.S. Bancorp announced that it had launched a cryptocurrency custody service for institutional investment managers who have private funds in the United States and Cayman Islands. According to a report by Reuters, the fifth largest U.S. bank said Bitcoin-focused financial services firm NYDIG will act as a sub-custodian and the service will soon support cryptocurrencies besides Bitcoin as well. "Investor interest in cryptocurrency and demand from our fund services clients have grown strongly over the last few years," Gunjan Kedia, Vice Chair of the bank's Wealth Management and Investment Services said. ISW Holdings Inc. (OTC: ISWH), BIT Mining Limited (NYSE: BTCM), Canaan Inc. (NASDAQ: CAN), The OLB Group, Inc. (NASDAQ: OLB), Bit Digital, Inc. (NASDAQ: BTBT)

Key Points: 
  • NEW YORK, Oct. 7, 2021 /PRNewswire/ -- This week has seen even more news regarding the acceptance of cryptocurrencies in the overall financial industry.
  • According to a report by Reuters , the fifth largest U.S. bank said Bitcoin-focused financial services firm NYDIG will act as a sub-custodian and the service will soon support cryptocurrencies besides Bitcoin as well.
  • The Company expects to have the first 20 MW of power paired with rigs and running full-out by October 2021.
  • FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform.

Despite Volatility In Cryptocurrency Markets Many Still Confident in Long Term Value

Thursday, October 7, 2021 - 1:30pm

The report said: "The growing demand for transparency in the payment system is projected to propel the cryptocurrency business forward.

Key Points: 
  • The report said: "The growing demand for transparency in the payment system is projected to propel the cryptocurrency business forward.
  • The cryptocurrency market's growth is likely to be aided by the untapped potential of emerging economies.
  • By making finance and financial services more accessible, developing nations give significant opportunities for bitcoin to extend its operations.
  • You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.