Miner

Bitcoin Miner Firm Northern Data Spends $360 Million on GPUs for AI Services

Bitcoin Miner Firm Northern Data Spends $360 Million on GPUs for AI Services

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Northern Data – a German data center and Bitcoin mining operator – has spent another $360 million on GPUs to bolster its cloud computing services. The move signals further integration of Bitcoin miners into the AI sector where industry firms benefit from pre-existing infrastructure and economies of scale. Diving Deep Into AI Taiga Cloud – …

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Crypto Miner Manufacturer Caanan Reports 48% Drop in Sales – What’s Going On?

Crypto Miner Manufacturer Caanan Reports 48% Drop in Sales – What’s Going On?

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Source: Adobe / Photocreo Bednarek Canaan – a China-based Bitcoin (BTC) ASIC manufacturer and operator – lost nearly half its revenue from mining machine sales last quarter, according to its Q3 earnings. Released on Tuesday, the firm’s financial results showed just $33 million in revenue for the three months ended September 30, 2023. That’s down …

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Bitcoin Miner Northern Data Secures $609 Million Debt Financing Facility from Tether

Bitcoin Miner Northern Data Secures $609 Million Debt Financing Facility from Tether

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Europe’s leading Bitcoin miner and data cloud provider – Northern Data – announced securing EUR 575 million (worth over $609 million) debt financing facility from stablecoin issuer, Tether after entering into a loan agreement. The facility, operating under standard market conditions, is unsecured and set to mature on January 1, 2030, and is expected to …

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Crypto Miner Marathon Digital Plans to Raise $750 Million Through Hybrid Equity Offering

Crypto Miner Marathon Digital Plans to Raise $750 Million Through Hybrid Equity Offering

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Source: agnormark/Adobe Crypto mining company Marathon Digital has unveiled plans to raise as much as $750 million through a hybrid equity offering. In a recent filing submitted to the US Securities and Exchange Commission, the company said it plans to use the funds generated from this sale to invest in state-of-the-art mining equipment and expand …

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