According to a statement released on February 7th, Bitfufu, one of Bitmain’s cryptocurrency enterprises, has delayed its ambitions to go public through a special-purpose acquisition company (SPAC) for a second time. With a pro forma enterprise value of almost $1.5 billion, the company was expected to go public in the
In an all-stock transaction, Hut 8 Mining Corp. of Canada and US Bitcoin Corp. of the United States have declared their intention to merge. Thus, creating a crypto-mining behemoth in North America. Each company’s board of directors has given its stamp of approval to a corporate merger deal. The Board
Bitcoin soared by over 40% in the first month of 2023, off to a fantastic start for the year. This was also the second-largest increase for the month of January in the last decade. For operational purposes, Bitcoin mining firm Marathon digital has been selling its BTC holdings as the
The North American Bitcoin Mining Corporation Hut 8 proceeded with a lawsuit filing against one of its energy suppliers Validus Power Corp in Ontario. On Thursday, Hut 8 filed a “Statement of Claim” in the Superior Court of Justice of Ontario, taking the crucial step in the ongoing dispute that
Bitcoin education is booming worldwide as many investors and platforms enter the blockchain domain. Nowadays, several crypto-based organizations are coming forward to expand crypto education. Under this, Dennis Porter, co-founder, and CEO of the Bitcoin mining support group Satoshi Action Fund has conducted a presentation on the benefits of BTC
Compass Mining had its case rejected the day after a group of clients tried to sue the firm for more than $2 million for failing to return their Bitcoin equipment after severing links with a Russian hosting provider. The court has, however, extended the deadline for the plaintiffs to submit
The completion of the Bitcoin Miner GRIID and a blank-check merger has been pushed back yet again. This past week, Adit EdTech, a special purpose acquisition company (SPAC), revealed in an SEC filing that it had extended the deadline for the merger from January 14 to February 14. The original
Celsius Network, a bankrupt cryptocurrency lender, has agreed to allow cryptocurrency miner, Core Scientific to shut down over 37,000 mining rigs, which it hosted for Celsius during the miner’s bankruptcy proceedings. After deciding to reject its contract in recent days, Core Scientific (CORZ) will shut down mining equipment connected to
In Cuba, cryptocurrency has advanced to the point that its inhabitants may use it to purchase goods online from outside, recharge their mobile phones and the internet, and send and receive money from family and friends living outside of the country. However, challenges remain for cryptocurrency mining to achieve the
Following the Ethereum merge upgrade, cryptocurrency miners seek new ways to mine tokens. As Binance Pool, the crypto exchange’s mining pool service is added Ravencoin (RVN) to its list of supported mining tokens, as per the statement published on Wednesday. In addition, the RavenCoin (RVN) mining pool charges 1% in
