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Tag Archives: Hut 8

Hut 8 Acquires 990 Bitcoin for $100 Million, Reaches $1 Billion in Holdings

Hut 8 acquires 990 Bitcoin for $100 million. Now, it has reached $1 billion in holdings. The strategic reserve supports capital growth plans. Hut 8, one of North America’s largest Bitcoin miners, has announced the purchase of 990 Bitcoin for $100 million. The acquisition brings the company’s endemic Bitcoin holdings to 10,096, at once worth in trim exceeding $1 billion as of December 18, 2024. This news was shared on the Hut 8 official X account. The price of the newly acquired Bitcoin is an...

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Celsius Mining Assets Find New Life as Ionic Digital Gears Up for Takeover and IPO

CoinspeakerCelsius Mining Assets Find New Life as Ionic Digital Gears Up for Takeover and IPO By acquiring all of Celsius mining equipment and infrastructure, Ionic Digital believes it can quickly reach its goal of total mining power of 12.7 exahash per second (EH/s) later this year. Celsius Mining Assets Find New Life as Ionic Digital Gears Up for Takeover and IPO

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Bitcoin Miner Hut 8 Agrees to Build New Site for Celsius Creditors

The deal with Hut 8 comes after Celsius recently obtained approval from the bankruptcy court to transition into a Bitcoin mining entity that creditors will solely operate.  Bitcoin (BTC) mining company Hut 8 has entered into an interim agreement with the bankrupt crypto lender Celsius Network to construct and deploy new mining operations in Cedarvale, Texas. This collaboration is a key component of Celsius’s ongoing bankruptcy proceedings, designed to foster positive relations with its...

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Hut 8 Is the Latest Mining Company to Suffer from the Coronavirus

The coronavirus has had terrible effects on the cryptocurrency arena, but nothing has suffered the way crypto mining companies have suffered. The latest venture to fall victim to the stifled COVID-battered economy is Hut 8 Mining Group, a crypto mining firm stationed in Canada.Hut 8 Is the Latest Company to Get HitRecently, the company issued a statement detailing some of the concerns it had regarding how to keep its operations steady. Hut 8 says it’s experiencing heavy delays in the delivery...

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Hut 8 Finds New Ways of Offering Crypto to Customers

Hut 8 is a company that claims to be a new kind of mining firm. As bitcoin’s price crashes this week, some have taken notice of the increased hash rate in the bitcoin mining arena, and some are very curious how new companies are looking to extract new coins.Hut 8: New Ways to Access CoinsAccording to Andrew Kiguel, the CEO of Hut 8, the company’s name is taken from a project led by Alan Turing, a British mathematician who broke the Nazis’ enigma code during WWII. In a recent interview, he...

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