Bitcoin mining - FinTecBuzz

BIT Mining Announces First Closing of Bee Computing Acquisition

June 1, 20226 min

BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or the “Company”), a leading technology-driven cryptocurrency mining company, today announced it has successfully completed the first closing of its previously announced share exchange agreement dated April 5, 2021 (as amended and restated in April 2022, the “Amended and Restated Share Exchange Agreement”) entered into by the Company and the shareholders (the “Selling Shareholders”) of Bee Computing (HK) Limited (“Bee Computing”). At the first closing of the Amended and Restated Share Exchange...

by PRNewswire

Blockchain

Texas Bitcoin Miners Turn Off to Conserve Power for the Grid

May 16, 20223 min

The Texas Blockchain Council, a trade association representing the bitcoin mining industry in Texas, announced today that the bitcoin miners responded to the conservation notice that was issued by ERCOT yesterday. Some facilities shut down while many will ramp down in the afternoons this weekend when power is in high demand but then turn back on overnight when demand subsides. “In addition to bringing jobs and tax revenue to rural areas of Texas, many of which are...

by PRNewswire

Blockchain

DLI and the City of Mobile, Alabama Announce Bitcoin Mining Project

May 12, 20225 min

Today, Distributed Ledger, Inc. (DLI), a blockchain and cryptocurrency service provider, is excited to announce Bitcoin mining is coming to the City of Mobile, Alabama in partnership with the GulfQuest Maritime Museum Board in the form of a new sustainable revenue source poised to fuel growth for the next decade. The City of Mobile is home to one of the largest ports in the United States with a trade volume of over 65 million per year. To honor Mobile’s 340-year historic port and...

by BusinessWire

Crypto Currencies

OLB Group’s Chairman and CEO Issues Open Letter to Shareholders

May 6, 202218 min

– We are on track as the company eCommerce Revenue Run Rate Increased from $10 Million to Over $36 Million with the recent Acquisition – First Revenue Contribution from Bitcoin Mining Operations to be Recognized in the First Quarter as we started mining at the end of 2021 The OLB Group, Inc. (NASDAQ:OLB) a diversified Fintech eCommerce merchant services provider and cryptocurrency mining enterprise, issued the following open letter to shareholders today from Ronny Yakov,...

by PRNewswire

Crypto Currencies

Cryptocurrency Miners Reap the Rewards of Growth Strategies

September 8, 202116 min

FinancialBuzz.com News Commentary

by PRNewswire

Crypto Currencies

Bit Digital, Inc. Announces Second Quarter Financial Results

August 23, 2021382 min

Bit Digital, Inc. (Nasdaq: BTBT) (the “Company”), a bitcoin mining company headquartered in New York, today announced its unaudited financial results for the second quarter ended June 30, 2021. Financial Highlights for the Second Quarter 2021 Revenue from bitcoin mining was $28.3 million. The number of bitcoins earned was 562.9. 70.8% of our miner fleet was deployed, in transit to, or awaiting installation in North America at June 30, 2021. We owned 32,500 miners, with 3,515 miners acquired in the second quarter...

by PRNewswire

Crypto Currencies

The9 & BitRiver Signed Cryptocurrency Mining Hosting Agreement

July 15, 20213 min

The9 Limited (Nasdaq: NCTY) (“The9”), an established Internet company, today announced that it has signed a cryptocurrency mining hosting agreement with Russian company BitRiver (“BitRiver”) through its wholly-owned subsidiary NBTC Limited. BitRiver, headquartered in Moscow, was established in 2017 to provide global hosting services and one-stop, turnkey solutions for large-scale cryptocurrency mining operations. BitRiver currently utilizes surplus hydroelectric power to operate data centers through low cost and sustainable renewable energy that offers hosting services for cryptocurrency mining...