Option exercised based on "tremendous performance" confirmed for T21
Hashprice lags behind market rally as difficulty is set for a 5.7% increase in two days
Company may buy some of the hosted hashrate for self-mining
It's not the first time mining stocks have lagged behind bitcoin’s return to ATH
Retiring about 800 PH/s of hashrate
It's the first time that bitcoin surpassed the previous ATH before an imminent halving.
Deal could be a profit-sharing partnership with Bitmain
Deal comes over a year after Argo sold flagship Helios site for $65 million
Jihan Wu's Bitdeer leveling up the competition against Bitmain's BitFuFu with proprietary ASIC push
FUFU made $134 million in revenue in the first half of 2023. $87 million of that was paid to Bitmain.
Top three miners have raised $1.6b since October via stock offerings
Marathon previously paid $15 million to Auradine, securing rights to buy future stocks of its Teraflux miners.