BITPRISMIA
In July, the total market capitalization of cryptoassets reached a significant milestone, with Bitcoin prices surpassing $123K, and there was progress in federal legislation for stablecoins.
Bitcoin's price experienced a decline in late morning trading on Thursday, dropping 4.2% to $118.1K.
Bitcoin miner MARA is acquiring a majority stake in Exaion, a high-performance computing (HPC) subsidiary of EDF, signaling a strategic pivot from bitcoin mining to HPC and AI services.
MARA Holdings will acquire a 64% stake in Exaion from EDF Pulse Ventures for $168M in cash, as announced by the companies.
Mara Holdings is acquiring a 64% stake in Exaion, a subsidiary of French energy giant EDF, for $170 million, marking a strategic shift from crypto mining to high-performance computing (HPC) and AI infrastructure.
Iren Limited became the leading Bitcoin miner by hashrate in July, surpassing Marathon Digital in Bitcoin production and fleet utilization, marking a significant shift in the competitive crypto mining sector.
MARA Holdings has surpassed 50,000 BTC in total holdings, highlighting its operational success and strategic growth in the Bitcoin mining industry.
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Marathon Digital Holdings CEO Fred Thiel highlights significant risks associated with Bitcoin treasury companies, which hold large amounts of Bitcoin, emphasizing the need for investor caution and thorough due diligence.
Bitcoin reaches new all-time highs amid favorable macroeconomic conditions, while Ethereum ETPs attract significant investment, impacting Bitcoin's market dominance.