Metaplanet Raises $30M to Buy More Bitcoin

Phoenix Group Expands Bitcoin Mining Operations with $187 Million Bitmain Purchase

Abu Dhabi-based Phoenix Group is set to acquire $187 million worth of new Bitcoin mining rigs from Bitmain Technologies, following a $380 million deal with WhatsMiner. The move aims to significantly boost Phoenix's Bitcoin hashing power, positioning the company as a major global crypto miner. The strategic expansion aligns with the recent approval of a Bitcoin exchange-traded fund (ETF) by the SEC, anticipating potential industry growth. Despite competition and profitability challenges in Bitcoin mining, Phoenix Group's aggressive approach underscores its commitment to staying competitive in the evolving sector.

Bitmain Freezes Employee Salaries Amidst Financial Turmoil

Bitmain has taken the step of suspending employee salaries, both performance-based and basic wages, in response to ongoing financial difficulties and setbacks in its mining operations.

Chinese Authority Charges Mining Firm Bitmain With Tax Violations

Tax authorities penalized Bitmain on April 4 for not paying personal income taxes under China’s tax collection and administration law.

[Feature] In the Darkest Hour, D-Day Looms for DCG Empire

One of the circulating news was that DCG owed over US$1.1 billion to its subsidiary Genesis.

D-Day Looms For Bitcoin – Are DCG And Genesis Going Bankrupt?

The question of whether Genesis Trading and Digital Currency Group (DCG) will go bust currently hangs over the crypto and Bitcoin market.

FTX.US Leaves D.C. Crypto Advocacy Group

FTX.US is no longer part of the Crypto Council for Innovation, an industry lobby group.

Antminer S19 XP dropped in a bid to swing crypto miners back into profit

Phil Harvey said that this type of miner can typically last a minimum of 36 months in a facility operated by their crypto firm Sabre56.

4D Long Article: Take you to discuss the future of MEV in detail

Analysis: Bitmain clearly supports the hopes and difficulties of ETC's revival

Previously, it has been reported in the industry that Bitmain founder Ketuan Zhan intends to support Ethereum Classic.

[Link to FM] ANTMINER E9 will go on sale at 9:00 U.S. Eastern Time on July 6th. The Digital Currency Research Institute of the Central Bank applies for a "smart contract" patent

Antminer announced on social media that ANTMINER E9 will go on sale at 9:00 am on July 6 (Eastern Time). According to the announcement, the E9 has a computing power of 2400M, a power consumption of 1920W, and an energy efficiency of 0.8J/M.