Posts Tagged ‘Crypto mining’
Embattled Bitfarms Mines 189 Bitcoin In June Amid Ensuing Riot Platforms Clash
KEY POINTS Bitfarms did sell most of the Bitcoins it mined in June amid the halving’s impact and falling prices The mining firm earned more BTC in June than in May and added new Bitmain T21 miners in Quebec sites Riot attempted to acquire the mining firm for $950 million, an offer Bitfarms said was…
Read MoreBitcoin Miners Are Selling Their BTC Reserves Amid Halving Impact: CryptoQuant
KEY POINTS Bitcoin miners sold 1,200 BTC on Monday, marking the highest daily selling volume since late March Marathon Digital sold off 1,000 Bitcoins Tuesday, and the sale was ‘likely to cover expenses’ The industry has been feeling the impact of the Bitcoin halving in April that cut mining rewards in half Miners of the…
Read MoreBitfarms Announces ‘Poison Pill’ To Block Potential Riot Platforms Hostile Takeover
KEY POINTS Bitfarms said it believes the proposed acquisition amount was undervaluing the company Riot said it is concerned about the recent legal issues between Bitfarms and its former CEO Riot was recently shorted by Kerrisdale Capital, which said the miner is headed for a ‘collapse’ Bitcoin mining firm Bitfarms has announced it will adopt…
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