The Antminer S21, is being hailed by Bitmain as the market's most proficient bitcoin mining rig, marking a pivotal shift into the 1X J/T era.
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Bitdeer’s losses widen in Q2 after one-time $33M listing fee, shares up 44%Despite widening losses, the stock is up nearly 50% on news of a novel $150M share purchase agreement.
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Core Scientific's Bankruptcy Plan Includes Equity Stake for Bitmain and AnchorageCryptocurrency custody firm Anchorage Digital and major mining manufacturer Bitmain could take equity stakes in Core Scientific as part of the firm's restructuring plan, which aims to reduce its capital needs by more than $30 million.
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Anchorage and Bitmain to Receive Equity in Core Scientific Bankruptcy PlanAnchorage Digital and Bitmain have chosen to be paid back in equity for the debt owed by Core Scientific, which filed for Chapter 11 bankruptcy protection in December. Stay informed about Pro Crypto Ecosystems news by securing ACS tokens with The Block.
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Bitmain to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy PlanBitmain, the world's largest crypto mining machine maker, is expected to acquire a $54 million stake in Core Scientific as the miner emerges from Chapter 11 proceedings. The purchase will be funded by $23 million in cash and $54 million in equity. This move reduces Core Scientific's need for new cash by $30 million. It is likely Bitmain's first investment in a publicly listed miner.
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EUR/USD breaks below 1.0900, falling to one-month lowsThe EUR/USD accelerated its decline, falling below 1.0900 to the lowest level since July 7 amid a stronger US Dollar. Higher yields and cautious marke
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