Bitmain Sells Hosted Bitcoin Hashrate to Hong Kong-Listed Firm Amid US Mining Retreat
Ruihe Data has entered into bitcoin mining by purchasing hosted hashrate from Bitmain, marking a shift for the Hong Kong-listed firm as institutional miners in the U.S. retreat from large-scale expansions.
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IREN Discloses $20M Settlement With NYDIG, Expands GPU Fleet as Stock Hits Record High
IREN said in its annual report on Thursday that it will pay $20 million to NYDIG to settle a years-long dispute over defaulted bitcoin mining equipment loans.
Miner Weekly: Power – Not Hashrate – Becomes Bitcoin Mining’s ‘Real Currency’
Taken together, this week’s news reiterates the common truth: bitcoin remains the anchor, but energy is the new yardstick.
Gryphon Stock Jumps 11% on News Report of American Bitcoin Merger Approval
Gryphon Digital Mining shares climbed 10% in pre-market trading on Thursday after Reuters reported that its all-stock merger with American Bitcoin is set to close in the coming weeks.
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