#mining

The mining firm has purchased its rival for $92.5 million, paying $18.5 million in fiat and the remainder in Riot common stock valued at $74 million.

Mining company Genesis Digital Assets (GDA) is exploring the possibility of entering the U.S. stock market through an Initial Public Offering (IPO). Company representatives have recently started private consultations with specialists about listing securities on official U.S. exchanges.

At the World Digital Mining Summit, Chinese mining hardware manufacturer Bitmain unveiled its latest Antminer S21XP models.

The U.S. Securities and Exchange Commission (SEC) has charged the Texas-based mining company Geosyn and its founders, Caleb Ward and Jeremy McNutt, for engaging in fraudulent activities.

On April 20th, at 0:09 UTC, the Bitcoin network reached a new milestone with the completion of its fourth halving at block 840,000, reducing the mining reward from 6.25 BTC to 3.125 BTC per block.

American authorities have charged Charles Parks III with fraud and money laundering related to his operation of illegally mining cryptocurrencies using cloud services. From January to August 2021, the suspect orchestrated a cryptojacking scheme, exploiting third-party computing resources and equipment to mine cryptocurrencies.

China's state media is once again alerting its citizens to the dangers and illegality of cryptocurrency trading, as well as enforcing a total ban on mining. This move coincides with a surge in Bitcoin's popularity following the approval of spot ETFs and the anticipation of the upcoming halving event, which will reduce the reward for mining a block by half.

Mining company TeraWulf would consider mergers with other industry players if such consolidation leads to greater profitability rather than simply expanding its business footprint. Kerri Langlais, TeraWulf’s chief strategy officer, points out that merely increasing the number of ASICs and mining farms is futile if it does not translate into profit growth.

CleanSpark, a mining company, is acquiring the U.S.-based infrastructure firm GRIID for $155 million. The boards of both companies have approved the deal, which now requires the nod from other shareholders and regulatory bodies. The acquisition is expected to be finalized by the third quarter of 2024.

The U.S. Securities and Exchange Commission (SEC) will close its regional office in Salt Lake City, and two of its attorneys have resigned. This decision follows the regulator's defeat in court against the mining company Digital Licensing and its DEBT Box project, which began in July 2023.

Shares of top mining companies such as Marathon Digital (MARA) and Riot Platforms (RIOT) have plunged more than 35% since the beginning of the year in anticipation of the upcoming Bitcoin halving. Analysts from these firms, however, consider the fears over reduced block rewards to be unfounded and maintain a positive outlook on the miners' activities.