ChainCatcher news, Bitcoin mining company MARA announced on platform X that it purchased 5,771 BTC through the issuance of convertible notes at an average price of $95,554. The current total number of BTC held is approximately 33,875, valued at $3.4 billion.

ChainCatcher news, according to GlobeNewswire, Bitcoin mining company Bitdeer announced the issuance of $360 million in convertible preferred notes to qualified institutional buyers through a private placement, maturing in 2029.The company also granted the initial purchasers of the notes the option to purchase up to an additional $40 million in principal notes within 13 days from the date of the initial issuance. The sale of the notes is expected to be completed by November 26, 2024, subject to customary closing conditions, with the related funds intended for the expansion of data centers, the development and manufacturing of ASIC-based mining equipment, as well as working capital and other general corporate purposes.

ChainCatcher news, according to Cryptonews, the Russian Federal Tax Service has confirmed that Russian companies are applying for cryptocurrency mining licenses, with 150 applications submitted so far. The head of the Federal Tax Service, Daniil Egorov, stated that these applications were all submitted after November 1. Registrants must provide the Federal Tax Service with the cryptocurrency assets they mine, cryptocurrency wallet addresses, and other data.Private miners with a monthly electricity consumption of no more than 6,000 kilowatt-hours (kWh) are exempt from registration.

ChainCatcher news, according to official sources, Bitcoin mining company HIVE Digital announced the purchase of 5,000 Avalon A15-194T ASIC miners from Canaan Inc.It is reported that this latest acquisition is based on the announcement made earlier this month to purchase 6,500 Avalon miners, bringing the total number of new Avalon ASIC miners ordered by HIVE Digital in November to 11,500.

ChainCatcher news, according to Finance Magnates, Bitcoin mining machine manufacturer Canaan Inc. has recently signed a securities purchase agreement to sell up to 30,000 shares of Series A-1 preferred stock to an institutional investor at a price of $1,000 per share. The agreement will raise $30 million to support the development of digital mining and equipment in North America.Previously, Canaan Inc. completed its Series A financing in September 2024, during which it sold up to 125,000 Series A convertible preferred shares.Canaan Inc. has also made progress in product development, with high demand for its Avalon A15-194T mining machines. The company has signed a follow-on purchase agreement with HIVE Digital Technologies to deliver 5,000 Avalon A15 mining machines in the first quarter of 2025. In addition to expanding its product supply, Canaan Inc. is also strengthening its mining operations in North America. Its subsidiary, Beet Digital LLC, has signed a joint mining agreement with Luna Squares Texas LLC (LS Texas). The agreement aims to expand Canaan Inc.'s mining capacity to 10 EH/s by mid-2025.

ChainCatcher news, Nasdaq-listed cryptocurrency mining company Argo has released its unaudited financial performance report for the third quarter ending September 30, 2024. The revenue for the three months and nine months ending September 30, 2024, was $7.5 million and $36.7 million, respectively, compared to $10.4 million and $34.4 million in the same period last year.In addition, Argo's Bitcoin mining output for the third quarter was 123 BTC, with an average daily mining output of 1.3 BTC.

ChainCatcher news, the Russian government's Electricity Development Commission approved cryptocurrency mining restrictions on Monday, which will take effect on December 1, with a subsequent enforcement period from November 15 to March 15 each year until 2031.Deputy Energy Minister Evgeny Grabchak confirmed this decision, which targets 13 regions including Irkutsk, Buryatia, and Transbaikal, but excluding Moscow. The approval to extend the enforcement period is aimed at managing peak electricity demand and addressing energy shortages. Other affected regions include Karachay-Cherkessia, Kabardino-Balkaria, Donetsk, and Luhansk People's Republic.

ChainCatcher news, according to Protos, Russian authorities have announced plans to ban cryptocurrency mining in the occupied territories of Ukraine. Russian Deputy Prime Minister Alexander Novak chaired a meeting attended by senior ministers, where they discussed the country's "difficult regime balance" and its impact on the power industry, which is facing supply and capacity shortages during the autumn and winter seasons.Reports indicate that the Russian government plans to extend the proposed ban on cryptocurrency mining to the occupied territories of Ukraine, such as Donetsk, Luhansk, Zaporizhzhia, and Kherson regions.Additionally, six other regions in the North Caucasus will face a complete ban on cryptocurrency mining activities until 2031. Irkutsk, parts of Buryatia, and the Transbaikal Territory will face partial mining bans during the autumn and winter seasons until 2031. Russia passed a law in July that legalizes cryptocurrency mining starting November 1, meaning there is only an 18-day gap between legalization and prohibition.

According to ChainCatcher, as reported by Coindesk, Bitcoin-listed mining company MARA Holdings (MARA) has increased its previously announced convertible preferred note issuance from $700 million to $850 million.The company also raised the amount of the initial purchaser's option to buy additional bonds from $105 million to $150 million. The offering is expected to close on November 20 and is a private placement for qualified institutional buyers. The fundraising is expected to be approximately $833 million, of which $199 million will be used to repurchase MARA's existing $212 million convertible notes due in 2026. The remainder will be used for Bitcoin (BTC) acquisitions, asset expansion, and general corporate purposes.Previously reported yesterday, MARA plans to raise $700 million through the issuance of convertible preferred notes to purchase more Bitcoin.

ChainCatcher news, according to CoinDesk, JPMorgan's latest research report shows that the economics of Bitcoin mining significantly improved in the first half of November. Data indicates that the hashprice, which measures mining profitability, has increased by 29% since the end of October, primarily benefiting from Bitcoin's price increase outpacing the growth in network hash rate, as well as an increase in the proportion of transaction fees to block rewards.The report points out that the total market capitalization of the mining stocks tracked by the bank grew by 33% from October 31 to November 15, approximately $8 billion. The network hash rate has increased by 2% so far this month, averaging 718 EH/s. Notably, 14 publicly listed mining companies in the U.S. currently account for about 28% of the global network hash rate, maintaining a historical high.

ChainCatcher news, according to Bloomberg, the U.S. SEC stated on Monday that the cryptocurrency mining company BIT Mining Ltd. (formerly known as 500.com Limited) has agreed to pay a $4 million fine to settle the agency's allegations of bribing Japanese officials.The SEC pointed out that BIT Mining paid $2.5 million in cash bribes and gifts to Japanese lawmakers and others between 2017 and 2019 in an attempt to win bids for opening casino resorts in Japan.In a separate action, the U.S. Department of Justice announced that it has reached an agreement with BIT Mining, where BIT Mining agrees to pay a $10 million criminal fine, of which $4 million will be paid to the U.S. SEC by the company.

ChainCatcher message, CloverPool data shows that the Bitcoin mining difficulty adjustment occurred at block height 870,912 (today at 4:42:12), with the mining difficulty increased by 0.63% to 102.29 T, setting a new historical high; currently, the average hash rate across the network for the past seven days is 738.3 EH/s.

ChainCatcher news, according to official information, Bitcoin-listed mining company Marathon Digital Holdings (MARA) announced plans to issue a total of $700 million in convertible senior notes to qualified institutional investors, with a potential additional issuance of $105 million. The notes will mature on March 1, 2030, and will pay interest semi-annually starting from March 1, 2025.According to the announcement, MARA plans to use no more than $200 million of the raised funds to repurchase its existing convertible bonds maturing in 2026, while the remaining funds will mainly be used to increase its Bitcoin holdings and for general corporate purposes, including working capital, strategic acquisitions, expansion of existing assets, and debt repayment.

ChainCatcher news, according to Cointelegraph, Canaan's (嘉楠科技) founder and CEO N.G. Zhang recently revealed in an interview that the company plans to launch a Mini series of home mining machines by the end of this year, with a maximum power of about 800W, using the latest chips, and a maximum hash rate of up to 40T, while also featuring heating capabilities.Zhang stated that the shipment of the previously launched Avalon Nano3 series home mining machines exceeded 10,000 units last quarter. He believes that home mining products are expected to account for 20% of the overall mining market in the future, which will greatly enhance the security of the Bitcoin network.Looking back over the past decade, Zhang pointed out that from the first generation Avalon mining machine with 66Ghs hash rate and 700W power consumption, to the 15th generation A1566 with over 200,000 Ghs hash rate and 3600W power consumption, the performance of mining machines has improved by about 3000 times, and energy efficiency has increased by nearly 600 times. Currently, the A1566 mining machine has achieved a hash rate of 210THs, with some high-end models achieving energy efficiency below 17J/TH.

ChainCatcher news, Binance Pool officially launches Fractal Bitcoin (FB) joint mining. Participating in Bitcoin (BTC) mining can earn Fractal Bitcoin (FB) rewards.Fractal Bitcoin (FB) is currently not listed on Binance. The launch of Fractal Bitcoin (FB) mining services by Binance Pool does not guarantee that the token will be listed on Binance.

ChainCatcher news, according to short-selling research firm S3 Partners, the short interest in Bitcoin mining stocks has surged by 50% over the past 30 days, reaching $4.6 billion.This is the highest level for 2024, with Bitcoin mining stocks like Riot, Marathon Digital, and CleanSpark seeing price increases of 86%, 55%, and 73% respectively since September, far exceeding Bitcoin's gains.Matthew Unterman, Managing Director at S3 Partners, stated that this rapid increase could trigger a short squeeze, leading to market volatility.

ChainCatcher news, according to Cointelegraph, a ruling by the New York State Supreme Court allows Greenidge Generation to continue generating power and conducting Bitcoin mining at its facility in Dresden, New York, and to reapply for the Chapter V air permit under the Clean Air Act that was denied by the New York State Department of Environmental Conservation (DEC) in June 2022.Nevertheless, the court also affirmed DEC's authority to deny permits under the Climate Leadership and Community Protection Act (CLCPA). The court found that DEC's decision was arbitrary and capricious, but there was no evidence of improper policymaking by DEC, which means that Greenidge's permit will be reconsidered.