Mining

[PRESS RELEASE – HK, HongKong, July 4th, 2024] ASIC MARKETPLACE is celebrating 3 remarkable years of leading the industry as the most reliable Asic sourcing platform, serving robust ASIC Miners across the world, marking phenomenal achievement and growth in the mining landscape. ASIC marketplace has been in the industry since 2021, where it has performed as a pioneer in reselling the 12800+ ASIC Mining Hardware successfully to date across 80+ countries. marketplace calls...

Crypto mining firm Genesis Digital Assets – backed by Sam Bankman-Fried’s fallen hedge fund, is reportedly mulling over an initial public offering (IPO) in the US as the crypto sector gains steam. According to Bloomberg sources, Genesis Digital Assets is currently consulting advisers on a possible listing. The mining company intends to initiate a pre-IPO funding round, which is expected to begin in the coming weeks, as per an anonymous source. Genesis Digital Assets Considers...

A Bitcoin whale deposited around $61 million worth of bitcoins to their Coinbase Pro account on Friday for liquidation, according to Arkham Intelligence. The wallet 12EMDoUhaNCuWZeeT6ey61AkjKyzmjV2m3 moved close to 1,000 bitcoins that laid dormant for six years. A Bitcoin whale represents a wallet that holds no less than 1,000 bitcoins. Over the past few weeks, whales have liquidated large amounts of bitcoin to realize profits as the asset’s price has risen tremendously. On Thursday, a...

[PRESS RELEASE – Road Town, Tortola, British Virgin Islands, July 1st, 2024] GoMining, a premier Bitcoin mining company operating nine data centers worldwide, has announced the next step of their integration with The Open Network (TON). The utility token of the GoMining ecosystem, GOMINING, is now available on the TON blockchain. According to the company’s statement, 20,000,000 ERC-20 GOMINING tokens have been burned to issue an equal amount of GOMINING jettons (a digital...

Marathon Digital Holdings, a global crypto-focused platform, announced that its mining operations for Kaspa have yielded approximately $15 million worth of KAS since they commenced last September. The company states that the decision to mine Kaspa was part of its strategy to diversify its mining operations. Marathon Mining Kapsa In the statement released on Wednesday, Marathon Digital mentioned that since the dawn of their Kaspa mining operations, they have already mined...

A Satoshi-era Bitcoin wallet came out of its 14-year slumber to move 50 bitcoins to Binance. Moving funds to a centralized exchange often means the one controlling the wallet is cashing out on their holdings. Knowing that, it is safe to assume the holder liquidated their bitcoins for just over $3 million, marking gigantic profits as those 50 bitcoins entered their wallet when the asset was just $0.05 a pop. The $25 they held in 2010 has now turned into $3 million. And how did they come into...

CleanSpark, one of the biggest Bitcoin miners in the US, has acquired GRIID Infrastructure, another Bitcoin miner, through a $155 million transaction. The merger comes as CleanSpark expands its foothold over the Bitcoin mining space by acquiring data centers and other miners. This way, the firm gets to channel more power to increase the number of bitcoins it mines and drive up profits by providing processing power to meet the computational requirements of AI companies. It recently acquired...

Bitcoin miners have been one of the key players causing market declines as they engaged in intense selling after the latest halving event which slashed the mining rewards from 6.25 to 3.125 BTC earlier this year. However, the latest data suggest that the selling pressure from these entities has significantly decreased. Such a trend could potentially bolster the asset’s price and trigger a market-wide surge. Weakening Miner Sell Pressure The recent bearish market conditions...

CleanSpark (CLSK) – one of the largest publicly traded Bitcoin mining firms – announced on Thursday that it had acquired one of its smaller competitors, GRIID Infrastructure, in an all-stock deal. The $155 million deal immediately brings 20 megawatts (MW) of additional power to CleanSpark to bolster its mining operations. Another 400 MW of power is expected to be added in Tennessee over the next two years. CleanSpark Acquired GRIID For $155 Million The merger agreement...

According to blockchain analytics platform Lookonchain, a Bitcoin wallet that had been inactive for 14 years has reemerged. The entity deposited 50 BTC worth around $3.05M to Binance. Early Bitcoin Miner Wallet Moves 50 BTC The dormant wallet, belonging to an early Bitcoin miner, sprang to life on Thursday, moving its entire balance of 50 BTC worth roughly $3.05 million to the cryptocurrency exchange Binance. A miner wallet woke up after being dormant for 14 years and...