Marathon Digital Launches Bitcoin Transaction Submission Service
Marathon Digital Holdings, a Nevada-based Bitcoin mining and digital asset technology company, has recently introduced “Slipstream,” a direct Bitcoin transaction submittal service. The new service was designed and implemented to accelerate and simplify large and non-standard Bitcoin transactions. Bitcoin transactions that exceed the blockchain’s capacity or are excessively complicated to execute are generally subject to […]
Chinese Bitcoin Miners Turn to Ethiopia for Low-cost Electricity
Ethiopia has been attracting Bitcoin miners from China by offering extremely low electricity costs, establishing itself as the new mining refuge. The most recent report indicates that Chinese Bitcoin miners have been relocating their operations to Ethiopia, an African country, due to the region’s exceptionally inexpensive electricity rates and the local government’s efforts to foster […]
Canaan Raises $50M Selling Preferred Shares for Bitcoin Mining
Canaan, a producer of cryptocurrency mining rigs, has secured preferred share funding worth over $50 million to advance R&D and increase manufacturing volume. The Nasdaq-listed company stated in a recent filing that it raised funds by issuing and selling up to 125,000 convertible preferred shares to an institutional investor who wished to remain anonymous. Canaan […]
CleanSpark Reportedly Set to Launch In-house Trading Unit
To maximize returns on its Bitcoin (BTC) holdings, CleanSpark Inc., a Bitcoin miner based in the United States, intends to establish an internal trading division by 2024. Bloomberg reported on January 2 that the firm’s CEO, Zachary Bradford, stated that the action would utilize the organization’s “substantial Bitcoin” balance. Bradford told Bloomberg, “We truly believe […]
Indonesian Police Reportedly Seizes 1,134 Bitcoin Machines
Police authorities in Indonesia have purportedly shut down 10 Bitcoin mining operations and confiscated 1,134 Bitcoin machines on charges that their operators stole electricity worth close to $1 million. As per a recent local report, the North Sumatra Police Force executed a crackdown on a Bitcoin mining operation spanning ten different locations in Indonesia. They […]