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North American dominance in bitcoin mining continues to strengthen as most miners continue their migration out of China since the country’s sweeping ban on all crypto-linked activities in July.Most recently, bitcoin miner Bit Digital said Wednesday it has moved all of its mining rigs to North America.“Our mining assets are
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BusinessThe announcement comes shortly after Antpool, the largest bitcoin mining pool by hashrate, said it will block internet access from mainland China. By Jamie CrawleyOct 15, 2021 at 11:34 a.m. UTCUpdated Oct 15, 2021 at 11:34 a.m. UTCChina flag (Shutterstock) Original Source
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Bit Digital (Nasdaq: BTBT) announced an $80 million private placement to sell stock to institutional investors. The share price fell 14% to $6.80 as of 14:00 UTC.The bitcoin mining company agreed to sell 13.5 million ordinary shares and warrants for another 10.1 million shares. The combined purchase price of one
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Bitcoin (BTC) mining company BIT Mining plans to invest $12.14 million to develop an 85 megawatts crypto mining center in Ohio.As the company that owns the entire mining pool business operated under BTC.com, BIT Mining set up a joint venture agreement with Viking Data Centers to establish the Bitcoin mining facility.As
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BitDAO is joining forces with SUSHI MISO to launch its native cryptocurrency dubbed BIT Token via a Dutch auction from August 16, 2021 (13:00) to August 30, 2021 (UTC 13:00). Interested participants can purchase BIT tokens with ETH or SUSHI during the auction and early bidders will receive up to
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Crypto mining firm BIT Mining, which recently announced it would be expanding out of the Chinese market, plans to purchase 2,500 Bitcoin miners for deployment in Kazakhstan.In a Wednesday announcement, BIT Mining said it had entered a $6.6 million agreement to buy 2,500 Bitcoin (BTC) mining rigs. The firm has already
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Brooks noted that the U.S. money supply will have risen 40% over the last 12 months once the most recent round of stimulus is done. Source
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The changes come amid an ongoing class-action lawsuit against the mining company. Source
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