ChainCatcher news, according to The Block, Bitcoin mining company MARA Holdings (formerly Marathon Digital) announced its third-quarter financial report on Tuesday afternoon. The company reported a loss of $0.34 per share for the third quarter, which aligns with market expectations according to MarketWatch data. Third-quarter sales were $131.6 million, below the expected $151.6 million, showing improvement compared to a net loss of $199.7 million in the second quarter.As of October 31, MARA's balance sheet held 26,747 BTC, with 2,070 BTC mined in Q3 and 6,210 BTC purchased, of which 4,144 BTC were bought using proceeds from a $300 million convertible preferred note issuance, at an average price of $59,500.Last week, MARA stated that it mined 717 BTC in October, a 2% increase month-over-month, with the monthly hash rate rising to 40.2 EH/s. On Monday, the company announced the acquisition of two power plants in Ohio with a total generation capacity of 222 megawatts at a price of $270 per kilowatt.

According to ChainCatcher, as reported by Blockspace, Bitcoin infrastructure and financial services company NYDIG has acquired Bitcoin mining company Consensus Technology Group (CTG). The news indicates that the deal may be completed in October, with CTG co-founders David Westrop and Joshua Zappala's LinkedIn pages showing they are currently employed at NYDIG, responsible for operations and corporate development strategy, respectively.CTG operates Bitcoin mining facilities in North Dakota, South Dakota, Pennsylvania, and Missouri. In October of this year, NYDIG also invested in Coinmint's Massena mining facility in New York, demonstrating its continued expansion in the mining sector.

ChainCatcher news, according to @ai_9684xtpa's monitoring, North American Bitcoin mining company Marathon Digital is suspected of entrusting Galaxy Digital to sell 370 BTC, worth approximately 24.83 million dollars.After multiple transfers, Marathon transferred 370 BTC to Galaxy 9 hours ago, and the latter had already deposited the tokens into Binance four hours ago; Marathon currently still holds 12,837 BTC, valued at 862 million dollars.

ChainCatcher news, on Tuesday, Bitcoin mining company MARA announced a $200 million credit line, using part of its BTC holdings as collateral. The company stated that the funds will be used to capitalize on strategic opportunities and for other general corporate purposes.Although MARA did not provide specific details about the terms of the credit line, the characteristics of recent agreements by industry competitors have shown a loan-to-value ratio of about 70% and a weighted average interest rate of 4.2%. Assuming a loan-to-value ratio of 70%, MARA would need to pledge approximately 4,000 BTC as collateral for the $200 million credit line.As of September 30, MARA holds 26,842 BTC, currently valued at $1.8 billion.

ChainCatcher news, according to Cointelegraph, U.S. District Court Judge Jamel Semper dismissed a class action lawsuit against the Bitcoin mining company Iris Energy without prejudice, ruling that the investors who brought the lawsuit failed to prove that the company had ever made false statements or intentionally misled investors.The lawsuit accused Iris Energy, its executives, and its underwriters (including JPMorgan and Citigroup Global Markets) of violating the Securities Act and the Securities Exchange Act during its 2021 IPO. The plaintiffs claimed that there were several key inaccuracies in the documents related to the Australian crypto mining company's IPO in November 2021 and in other statements made in the following months. Additionally, they alleged that Iris concealed risks and failed to disclose information regarding loans for financing mining equipment, making several "false and misleading" statements about the company's overall financial condition, including its profits, losses, and assets on hand.However, Judge Semper found that Iris was not obligated to disclose all details of its loan financing, and the plaintiffs failed to prove that Iris's disclosures were materially misleading.

ChainCatcher news, according to official sources, Arkham has announced support for monitoring the Bitcoin mining company Core Scientific.Since the beginning of 2023, Core Scientific has mined Bitcoin worth over $710 million, making it the second largest publicly traded Bitcoin miner in the world. Arkham has tagged over 1,250 Core Scientific Bitcoin addresses used for mining, storage, and transfers, and publicly identified these addresses.

ChainCatcher news, according to official sources, Arkham has announced support for monitoring the mining and holding addresses of the Bitcoin mining company Ionic Digital, which has acquired all mining assets of the bankrupt lending institution Celsius.

ChainCatcher news, Bitcoin mining company Cipher Mining (stock code: CIFR) announced an investment of $67.5 million to acquire a 250-acre property in West Texas, which includes a 300 MW data center, to expand its portfolio capacity to 2.5 GW.

ChainCatcher news, the publicly listed Bitcoin mining company Core Scientific announced on social media that it has strengthened its balance sheet and supported growth plans through the recent convertible bond issuance proceeds, repaying $267 million in debt, reducing the interest rate from about 12.5% to 3%; eliminating restrictive covenants associated with certain bonds; and increasing cash on hand to fund site acquisitions necessary for high-performance computing (HPC) hosting growth.

ChainCatcher news, according to Decrypt, sources say that Marathon Digital's CEO Fred Thiel and GAA Lex Samuels met with Democratic National Committee Chair Jamie R. Harrison and his advisors on August 5 to discuss issues important to voters focused on cryptocurrency.

ChainCatcher news, according to a report by Coindesk, research and brokerage firm Bernstein has pointed out that U.S.-listed Bitcoin mining companies have a significant advantage over their unlisted counterparts due to their ability to raise funds in the world's deepest capital markets. This ease of capital acquisition provides them with more financial options, making them more competitive, especially in capital-intensive industries.Bernstein noted that large publicly traded Bitcoin miners in the U.S. are gradually becoming consolidators in the industry. Leading miners should focus on expanding market share and increasing hash rates, rather than compensating for funding needs by selling mined cryptocurrencies at low prices. Recently, the financing actions of Marathon Digital, Riot Platforms, Core Scientific, and Bitdeer further support this view, as these companies have raised funds through the issuance of convertible bonds and stocks to expand their market influence.Additionally, Bernstein emphasized that although Bitcoin mining and artificial intelligence (AI) data centers share similarities in power demand and high-density power specifications, their business models are entirely different. Nevertheless, scaling is crucial for both. The report also reiterated that with the increase in institutional adoption and the popularity of exchange-traded funds (ETFs), Bitcoin prices are expected to reach a new high of around $200,000 by 2025.

ChainCatcher news, according to Cointelegraph, VanEck recently stated in a report: "AI companies need energy, and Bitcoin miners have energy." The company believes that Bitcoin mining companies face profitability risks from fluctuations in operating costs and Bitcoin prices, and they may find it a good strategic choice to shift some energy capacity to the growing fields of artificial intelligence (AI) and high-performance computing (HPC).VanEck stated: "The balance sheets of Bitcoin mining companies are usually poor, either due to excessive debt, too many shares issued, excessively high executive compensation, or a combination of all three."VanEck estimates that if publicly listed Bitcoin mining companies shift 20% of their energy capacity to AI and high-performance computing by 2027, "the total additional profit per year will average over $13.9 billion over 13 years."Meanwhile, VanEck pointed out that the benefit for Bitcoin mining companies to sign such contracts is that these AI companies are usually willing to provide the financial resources needed for capital expenditures.

ChainCatcher news, Bitcoin mining company Argo Blockchain PLC today released its operational update for July 2024, reporting that it has mined 48 BTC, averaging 1.5 BTC per day, consistent with June 2024. The company generated $3 million in mining revenue, with a mining profit margin of around 20%, slightly lower than last month due to the lower hash price achieved in July.

ChainCatcher news, Bitcoin mining company Bitfarms reported a 34% month-over-month increase in revenue due to enhanced mining power following upgrades and expansions of their mining rigs. In July, Bitfarms produced 253 BTC, worth approximately $16.2 million at current market prices, a significant increase compared to the 189 BTC (worth $12.1 million) produced in June.As of July 31, the company reported an operating hash rate of 11.1 EH/s, a year-over-year increase of 109% and a month-over-month increase of 7%. Additionally, the company's average operating hash rate in July was 10.3 EH/s, a 36% increase from June.

ChainCatcher news, Bitcoin mining company Digihost Technology Inc. As of July 31, 2024, the company holds approximately $6.9 million in cash, BTC, and cash deposits, and it produced about 42 BTC in July.

ChainCatcher news, Bitcoin-listed mining company Riot Platforms (RIOT) underperformed its peers on Wednesday, after the renowned short-selling firm Kerrisdale Capital announced its short position on RIOT stock while going long on Bitcoin (BTC). It is reported that Riot's stock was one of the worst-performing cryptocurrency-related stocks on Wednesday, falling over 6%. A representative from Riot did not immediately respond to a request for comment.

ChainCatcher news, according to Cointelegraph, the SEC has filed a lawsuit against Bitcoin mining company Geosyn Mining and its co-founder, accusing them of falsely reporting the number of cryptocurrency mining devices in operation and using customer funds for personal expenses, thereby defrauding investors of $5.6 million.

ChainCatcher news, according to The Block, investment bank Benchmark has raised the target stock price of Bitcoin mining company Hut 8 to $12, while its current stock price is around $8.05.In addition, Benchmark has also rated the company as "buy."

ChainCatcher news, according to CoinDesk, at the end of last year, New York crypto mining company Coinmint accused Bitcoin technology company Katena Computing and semiconductor design company DX Corr of designing a scam to lure it into a $150 million purchase agreement, and is seeking over $23 million in damages through litigation.It is reported that the arbitration panel has ruled that the crypto technology company Katena Computing did not deceive Coinmint into entering the $150 million purchase agreement and has ordered the return of the $23 million already paid by Katena.

ChainCatcher news, the final joint hearing for the bankruptcy exit of Bitcoin mining company Core Scientific has been postponed from December 22 to January 10 next year. An additional global settlement plan has been reached, and the deadline for equity issuance has been extended to December 28.