Hut 8 Reports 32% Rise in Revenue During Bitcoin Rally
Hut 8 Corp, a cryptocurrency miner, has released a report detailing its performance during the previous half-year. In the six months that ended on December 31, 2023, Hut 8’s sales climbed to $60.6 million, according to the company’s news announcement. Highlights of Hut 8’s financial report include a notable 32% growth in revenue and a […]
Canceled SPAC Deal Leads To PrimeBlock’s CEO’s Exit
In the past few months, SPAC deals have been getting canceled because the market has been bad. Two people with knowledge of the situation say that the CEO of crypto miner PrimeBlock has left the company after it canceled a merger with 10X Capital Venture Acquisition Corp. II (VCXA) that would have made it a […]
Alibaba bans crypto miner sales amid China’s cryptocurrency crackdown
In reaction to China’s increasing cryptocurrency crackdown, Chinese e-commerce giant Alibaba is the next corporation to shut down its cryptocurrency-related services. On Oct. 8, Alibaba’s platform will prohibit the sale of cryptocurrency miners and halt categories for blockchain miners and accessories, according to an official announcement. In addition to prohibiting the sale of crypto mining […]
CleanSpark partners Coinmint, an ESG-focused crypto miner
With concerns about Bitcoin mining and its impacts on the environment, CleanSpark and Coinmint are to collaborate on Bitcoin mining to achieve their goal of 100% carbon-free operations. CleanSpark Inc, a diversified software , services, and bitcoin mining firm, said that it has reached an agreement with Coinmint to deploy roughly 25 megawatts (MW) of […]