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CoinLegacY News (Page 2)

Publicly traded mining companies spend $3.6B on PP&E so far in 2024

Crypto mining hardware typically has a lifespan between 3-5 years on average and must be periodically upgraded to maintain profitability.... Read more

Posted by cointelegraph.com 4 weeks ago

This Wall Street Bitcoin Miner Wants to Be New MicroStrategy: Currently Holds $3.3B in BTC

The publicly listed Bitcoin miner from Wall Street, MARA (NASDAQ:MARA), has acquired 6,474 Bitcoin through a $1 billion zero-interest convertible note offering, bringing... Read more

Posted by financemagnates.com 4 weeks ago

MARA purchases 6,474 Bitcoin with convertible notes offering

According to Bitcoin-only financial services firm River, 62 publicly traded companies use a Bitcoin treasury strategy as of November 2024.... Read more

Posted by cointelegraph.com 4 weeks ago

Publicly Listed Chinese Firm SOS Commits $50 Million to Bitcoin Investment Amid Market Surge

SOS Ltd., a company involved in blockchain operations and cryptocurrency, has announced plans to allocate $50 million toward the purchase... Read more

Posted by bitcoin.com 4 weeks ago

Dogecoin gains ground in Nordics with first-ever ETP introduction

DeFi Technologies, a publicly traded Canadian firm, has announced the launch of its subsidiary Valour Inc.’s new product—the Valour Dogecoin... Read more

Posted by cryptoslate.com 4 weeks ago

Bitcoin Retreats as Elon Musk Touts Crypto Solution to US Debt Crisis

Elon Musk warned that the US could face bankruptcy “super-fast,” proposing a controversial solution inspired by Dogecoin, the meme-based cryptocurrency. The billionaire’s... Read more

Posted by financemagnates.com 4 weeks ago

Michael Saylor's MicroStrategy Makes Mammoth BTC Purchase, Adding 55,500 Tokens for $5.4B

MicroStrategy bought 55,500 more bitcoin over the past week for $5.4B, bringing its total holding to 386,700 BTC.MicroStrategy recently entered... Read more

Posted by coindesk.com 4 weeks ago

Texas Orders Wall Street Bitcoin Miners to Register as Grid Concerns Mount

The Public Utility Commission of Texas (PUCT) has adopted new regulations requiring cryptocurrency mining facilities, including the largest Wall Street Bitcoin miners, consuming... Read more

Posted by financemagnates.com 4 weeks ago

MARA Piles Into Bitcoin: 5,771 BTC Bought After $1B Note Offering

MARA Holdings Inc., the largest publicly traded bitcoin mining firm, has wrapped up a $1 billion issuance of 0% convertible... Read more

Posted by bitcoin.com a month ago

This Wall Street Bitcoin Miner Buys 11,500 New Rigs, While BTC Approaches $100,000

The publicly listed Bitcoin miner from Wall Street, HIVE Digital Technologies (NASDAQ:HIVE) announced today (Thursday) a significant expansion of its BTC mining capabilities,... Read more

Posted by financemagnates.com a month ago

Canaan Expands North American Bitcoin Mining Operations, Secures Order From Hive

Canaan Inc., a publicly listed manufacturer of bitcoin (BTC) mining hardware and blockchain infrastructure provider, has shared plans to broaden... Read more

Posted by bitcoin.com a month ago

MARA Stock News: Marathon Digital's Bold $850 Million Move Signals Major Growth Plans

Marathon Digital Holdings Inc. (NASDAQ:MARA) has been a focal point in the cryptocurrency market, with recent announcements about a $700 million and... Read more

Posted by financemagnates.com a month ago

MARA Holdings Upsizes Convertible Notes Offering by $150M Amid Overwhelming Investor Demand

The second-biggest publicly traded company holding bitcoin, MARA, is looking to purchase more from the estimated proceeds of $833 million.... Read more

Posted by coindesk.com a month ago

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Chicago-based Cosmos Health, a publicly traded, vertically integrated global healthcare company, is diving into the crypto space by incorporating digital... Read more

Posted by bitcoin.com a month ago

Microstrategy to Raise $1.75 Billion for More Bitcoin Purchases

Microstrategy Incorporated has unveiled a bold plan to raise $1.75 billion through a private offering of convertible senior notes, doubling... Read more

Posted by bitcoin.com a month ago

Rising Bitcoin tides lift small-cap companies to bold reserve strategies

Three publicly traded companies — Thumzup Media Corporation, Solidion Technology, and Genius Group — are gaining attention by incorporating Bitcoin... Read more

Posted by cryptoslate.com a month ago

Bitcoin Miners from Wall Street Bleed Red in Q3, but This One Company Bucks the Trend

The third quarter of 2024 unveiled a tale of strategic divergence between two of Wall Street’s Bitcoin Miners, as Hut 8 Corp.(NASDAQ:HUT)... Read more

Posted by financemagnates.com a month ago

Even Top Wall Street Bitcoin Miners Cannot Stay Profitable Despite Soaring Hashrate

Three major publicly listed Bitcoin miners from Wall Street reported net losses in their third-quarter results, despite significant revenue growth and operational expansions... Read more

Posted by financemagnates.com a month ago

Made in USA: Mara Expands Mining Capacity, Bets Big on Bitcoin’s American Future

Mara, a publicly traded, U.S.-based mining conglomerate listed on Nasdaq, has announced a new expansion of its Bitcoin mining sites... Read more

Posted by bitcoin.com a month ago

Why Dogecoin Price Is Surging: Breaking News and Price Analysis for November 2024

The cryptocurrency market is witnessing a remarkable phenomenon as Dogecoin's (DOGE) price continues its extraordinary ascent, reaching $0.3292 and becoming the sixth-largest... Read more

Posted by financemagnates.com a month ago