Hut 8 expands mining operations with power deal in West Texas
Hut 8 secured a purchase agreement for 205 megawatts of power and land in West Texas, expanding its energy infrastructure to about 1.3 gigawatts of capacity.
Related Posts
MicroStrategy CEO reiterates ‘long term’ Bitcoin play in Q3 earnings
The world’s largest corporate holder of Bitcoin has reduced its losses compared to previous earnings as its CEO says it will continue to buy and hold Bitcoin long term. 48 Total views 1 Total shares The third quarter earnings for business intelligence firm MicroStrategy revealed a narrowed net loss of $27.1 million for the quarter,…
Brazil’s tax dept to summon info from foreign crypto exchanges: Report
The Federal Revenue of Brazil is publishing an ordinance this week to look for any potential “illegality” and info on what Brazilians may be owing in tax.
Coinbase and payment processor Stripe form partnership for onboarding
The partnership will bring USDC support to Stripe on Coinbase’s layer-2 network, Base, and several other integrations.
Digital yuan will combat US ‘dollarization’ says former PBoC governor
“We need to prevent dollarization — this is one of the major designing points of the Chinese DCEP,” said Zhou Xiaochuan. 616 Total views 14 Total shares China’s digital currency approach will favor its domestic retail system and prevent the dollarization of the economy according to one former senior official.Zhou Xiaochuan, the president of the…
Institutional investors are buying through crypto winter: Survey
Institutional investors continue to see the long-term potential of crypto and have been loading their bags throughout the year, according to a survey. 523 Total views 3 Total shares A survey of institutional investors suggests that their cryptocurrency allocations have increased over the last year despite the industry going through a prolonged crypto winter.A Coinbase-sponsored…
Biden vows to hold those responsible for SVB, Signature collapse
The President of the United States Joe Biden has vowed to hold those responsible for the failure of Silicon Valley Bank and Signature Bank while assuring Americans that their deposits are safe. On Mar. 12, the New York District of Financial Services (NYDFS) took possession of crypto-friendly Signature Bank. The Federal Reserve also stated that the closing…
Crypto advocates file brief against SEC's investor tracking database
The Consolidated Audit Trail would gather a monumental amount of data, and more than it is meant to when it exposes the identity of crypto wallet holders.
Bitcoin post-halving run may reach $130K by September 2025
Trader Peter Brandt says Bitcoin’s bull run is following similar past post-halving cycles, and if it holds it could reach $130,000 by late next year.