Bitfarms (NASDAQ: BITF) is bolstering its leadership ranks with a series of hires aimed at accelerating the company’s expansion into HPC infrastructure while preparing for a shift toward U.S. corporate domiciliation. The Canadian bitcoin miner said Monday it has appointed six executives across infrastructure and corporate roles as it advances new development projects and builds out […]
Sphere 3D (Nasdaq: ANY) has agreed to a business combination with Cathedra Bitcoin in an all-stock transaction as companies in the digital asset mining sector seek scale and broader access to capital. The deal, announced Thursday, will result in Cathedra becoming a wholly owned subsidiary of Sphere 3D. Cathedra shareholders will receive Sphere shares and […]
Cango’s bitcoin mining operations ran 30% below installed capacity in February, underscoring the mounting pressure on miners as industry economics deteriorate. The company reported on Friday that its average operating hashrate fell to 34.55 EH/s last month, despite having 50 EH/s of deployed capacity. Cango attributed the lower operating rate to “temporary downtime associated with […]
Northern Data said demand for its AI compute is accelerating, with its Nvidia GPU fleet approaching full allocation as the German data center operator benefits from growing interest in AI workloads. The Frankfurt-listed company reported on Thursday that utilization of its GPU estate rose from 62% in December to 66% in January and is expected […]
This article first appeared in Miner Weekly, a weekly newsletter by BlocksBridge Consulting curating the latest news in energy, compute, infrastructure, and data analysis from Bitmain Miners. Subscribe to receive in your inbox once a week. It’s not news that public mining hodlers have been selling bitcoin for months. Riot liquidated four times its production in […]
Core Scientific (NASDAQ: CORZ) has secured a new $500 million credit facility as data center operators continue tapping debt markets to fund the rapid buildout of AI and high-density computing infrastructure. The bitcoin mining giant said Thursday it completed the initial closing of a $500 million 364-day loan facility arranged by Morgan Stanley, providing additional liquidity […]