News with the tag "Operations"

Tether confirmed to Cointelegraph that it had sued Swan Bitcoin over alleged contract breaches in a joint Bitcoin mining venture.

On Wednesday, Bitfarms Ltd. announced plans to acquire Stronghold Digital Mining Inc. in a stock-for-stock merger valued at approximately $125 million, along with the assumption of $50 million in debt. The deal, expected to close in the first quarter of 2025, aims to expand Bitfarms’ energy portfoli...

Revolut secured a UK banking license after a three-year regulatory process, marking a significant milestone in its expansion and solidifying its position in the home market.

Cash App, a popular mobile payment platform, will shut down operations in the United Kingdom (UK) by September 15. Block, the company behind Cash App, cites regulatory difficulties in the UK as a reason for the shutdown. Block has been heavily investing in partnerships and integrations for Bitcoin, ...

The payments application Cash App, launched by Block, will be ceasing operations in the United Kingdom after six years. The app, one of the products of payments firm Block, had been operating in the United Kingdom since 2018. In a July 18 notice on the payment app’s terms of service, Cash App UK sai...

Greenidge Generation Holdings Inc. has expanded its bitcoin mining operations with a new site in Mississippi. The site, which went live on July 1, 2024, features 2,400 bitcoin miners and is expected to increase capacity further in the coming months. Greenidge Adds 2,400 Bitcoin Miners to New Mississ...

Bitcoin (BTC) miner TeraWulf announced it has paid $77.5 million in its final debt payment and plans to scale up its AI operations. On July 9, the firm said its final debt payment amounted to $77.5 million, including pre-payment fees and accrued interest. TeraWulf completed the repayment ahead of sc...

Tether Operations Limited has announced its collaboration with the Vietnam Blockchain Association (VBA), which is meant to push blockchain and digital assets education in Vietnam. The collaboration seeks to enhance broader awareness of blockchain technologies in the country. Also read: Tether and BT...

Marathon Digital Holdings, Inc. released its unaudited bitcoin production and miner installation updates for June 2024. The company’s operational hashrate increased slightly, and its bitcoin holdings reached 18,536 BTC. Marathon Digital Reports June 2024 Bitcoin Production In June 2024, Marathon‘s (...

Bitcoin (BTC) miners are reportedly hedging against the recent downturn in prices by mining other cryptocurrencies, according to the CEO of CryptoQuant. Ki Young Ju says that Bitcoin’s hashprice is now at an all-time low, potentially causing a slowdown in investments for mining companies and prompti...