MARA Stock Eyes 3x Rally with AI Expansion Plans
MARA stock has declined by 30% this year with market analysts suggesting limited short term downside risk and potential for a threefold recovery. The halving of Bitcoin this year led to a halving of mining payouts and a doubling of mining complexity. As a result, Bitcoin miner Marathon Digital (NASDAQ: MARA) has been facing significant […]
Green United Fails To Drop $18M Case For Crypto Mining Fraud
Green United LLC has failed to discharge a lawsuit filed by the SEC on operating a fraudulent crypto mining scheme that earned investors $18 million. In March, the SEC accused defendants Wright Thurston and Kristoffer Krohn, who operated cryptocurrency mining firm Green United LLC, of fraudulently offering securities. They sold “Green Boxes” and “Green nodes” […]
Riot Settles with Bitfarm, Stock Price Surge Ahead
Both Riot and Bitfarm stock prices have improved, with Bitfarms currently trading at $2.05, up 2.5% in the last 24 hours. Riot Platforms Inc., a Bitcoin mining company, and Bitfarms, a Bitcoin mining company, have struck a settlement deal after months of contentious discussions following the former’s proposed takeover effort. Bitfarms shareholders have scheduled a […]
China Controls 55% of Bitcoin Hashrate Despite Crypto Ban
China plans to update its Anti-Money Laundering laws by 2025, expanding regulations to cover cryptocurrency transactions. In spite of the fact that China currently prohibits the use of cryptocurrencies, Chinese Bitcoin miners continue to control the majority of the worldwide network. Ki Young Ju, the founder and CEO of CryptoQuant, has reported that Chinese mining […]
Cathedra Bitcoin Stop Mining to Pursue MicroStrategy Plan
Cathedra Bitcoin is ceasing its seven-year BTC mining operation to acquire abundant Bitcoin on the open market like Microstrategy. Over the past three years, Cathedra Bitcoin , a Canadian Bitcoin miner, has stated that mining has not generated sufficient shareholder value on a Bitcoin basis. Consequently, the company has implemented a change in strategy. Cathedra […]