ChainCatcher news, according to BusinessWire, a group of investors has recently filed a class action lawsuit against the founder of the Texas-based Bitcoin mining company Rhodium Enterprises, accusing him of fraud.The lawsuit was filed by attorneys from Iacuone McAllister Potter, claiming that the defendants (including Rhodium executives and Imperium Investments Holdings, LLC based in Fort Worth) deliberately misled the plaintiffs by concealing key information and engaging in proprietary trading, resulting in a total investment of $33 million. The case has been filed in the Tarrant County District Court. The lawsuit states, "The defendants intentionally misled and deceived the plaintiffs to secure their millions of dollars in investments so that the defendants could enrich themselves and make Imperium wealthy."The plaintiffs include a dozen investors in Rhodium, who claim that important facts regarding their investments and Rhodium's business operations were deliberately concealed. Most notably, the lawsuit alleges that the defendants failed to disclose a pending transaction to sell Rhodium's operational facilities to direct competitor Riot Blockchain, a deal that directly triggered conflicts with key power contracts.

ChainCatcher news, Michael Saylor posted on the X platform that the Bitcoin mining company MARA is expected to be the next company to join the NASDAQ 100.

ChainCatcher news, according to a press release, Nasdaq-listed Bitcoin mining company CleanSpark, Inc. announced its plan to offer a total of $550 million in convertible preferred notes maturing in 2030 to initial subscribers based on market conditions and other factors.CleanSpark also expects to grant initial purchasers of the convertible notes the option to purchase up to $100 million in additional convertible notes within 13 days from the date of the initial issuance of the convertible notes.The company plans to use the net proceeds from the offering to pay for the costs of capped call option transactions, to repurchase up to $125 million of its common stock from convertible bond investors, and the remaining net proceeds will be used to fully repay the outstanding amount under the company's credit facility with Coinbase, capital expenditures, acquisitions, and general corporate purposes.

ChainCatcher news, the tokenized uranium mining company Uranium Digital has completed a $1.7 million financing round, led by Portal Ventures.Uranium Digital is a startup that tokenizes uranium ore to facilitate trading in the heavily regulated metal market in new ways.Uranium Digital founder Alex Dolesky stated that during his early years trading commodities, he discovered that uranium, as a commodity, has not developed as much as other metals like gold and silver. Due to strict regulations, uranium is only traded through over-the-counter (OTC) transactions dominated by institutional traders, making the trading process opaque and inaccessible to retail investors. Uranium trading is still in its early stages, and a financialized market needs to be established first.

ChainCatcher news, the cryptocurrency venture capital firm Digital Currency Group (DCG) has decided to split its Foundry mining business into two independent entities, Fortitude Mining and Foundry.Fortitude Mining will house Foundry's previous self-mining operations and physical infrastructure. On the other hand, Foundry will maintain its pool operations and other Bitcoin mining service lines.DCG noted in a shareholder letter that it is adjusting its business to accommodate future growth. The letter stated, "We believe that (Fortitude) will be stronger as an independent company, so we are spinning it off as a wholly-owned subsidiary of DCG."To ensure a smoother transition, DCG will bring some of Foundry's leadership into the new subsidiary. To gain further support and raise funds, DCG plans to recruit additional staff from outside. Fortitude has already requested its hosting service providers to invoice the new entity, which has been ongoing for at least a month. (Blockspace)Previously, sources disclosed that the world's largest Bitcoin mining pool, Foundry, is laying off 27% of its workforce during the planned restructuring, affecting 16% of Foundry's employees in the U.S. and parts of the team in India.

ChainCatcher news, ETF issuer YieldMax announced the launch of the YieldMax™ MARA Option Income Strategy ETF (NYSE ticker: MARO) on the New York Stock Exchange, which is based on the Bitcoin mining company MARA. This ETF seeks to generate income through the implementation of option-based strategies on MARA, without directly investing in MARA.Its first distribution is expected to be announced on January 2, 2025. YieldMax has previously launched the Bitcoin Option Income Strategy ETF YBIT and the short Coinbase stock option strategy ETF.

ChainCatcher news, according to a press release, the publicly listed Bitcoin mining company BTC Digital (NASDAQ: BTCT) announced that its underwritten public offering has successfully raised $20 million. The funds will be used for infrastructure and energy expansion, computing power expansion, and research and development of innovative mining machines.The company plans to build and expand multiple mining sites in North America, focusing on improving the efficiency of existing facilities. By utilizing green energy, it aims to reduce carbon emissions. The company expects its self-mining operations to reach a scale of 20 megawatts by mid-2025, providing stable support for self-mining and hosting services.

ChainCatcher news, according to Cointelegraph, Nasdaq-listed Bitcoin mining company MARA reported that its hash rate has doubled in 2024, reaching a year-end target of 50 EH/s, making it the first publicly traded Bitcoin mining company to cross this milestone. MARA's hash rate at the end of the third quarter was 36.9 EH/s, which means it has increased by at least 13.1 EH/s since then.MARA CEO Fred Thiel stated on X: "Mission accomplished... but why stop here. Stay tuned, as we have more mining machines coming online, and we will continue to expand using our existing capacity."

ChainCatcher news, Nasdaq-listed Bitcoin mining company MARA announced on platform X that it has purchased 11,774 BTC, worth approximately $1 billion, using the proceeds from the issuance of zero-interest convertible notes, achieving a QTD return of 12.3% and a YTD return of 47.6% on BTC.As of December 9, 2024, it holds 40,435 BTC, currently valued at $3.9 billion based on the spot BTC price of $96,500.

ChainCatcher news, Bitcoin mining company Arkon Energy's European AI cloud company Nscale has completed a $155 million financing round, led by Sandton Capital Partners, with participation from Kestrel, Bluesky Asset Management, and Florence Capital, which will drive its growth plans in Europe and North America.The company stated that it has expanded its greenfield data center capacity in Europe and North America from 300MW to 1.3GW, with plans to develop 120MW by 2025. Nscale announced that it will launch a public cloud service in the first quarter of 2025, allowing developers to access purpose-built inference and training solutions in a flexible development environment.

ChainCatcher news, according to official information, Bitcoin mining company HIVE Digital has released its operational report for November 2024. Against the backdrop of the current Bitcoin price of approximately $96,400, the company's Bitcoin holdings have surpassed $261 million in market value. Specific operational data shows: a total of 103 Bitcoins were produced in November, averaging 3.42 Bitcoins per day; current holdings have reached 2,713 Bitcoins, a year-on-year increase of 67%; approximately 19.3 Bitcoins are produced per EH/s.

ChainCatcher news, according to official news, Bitcoin mining company MARA Holdings (NASDAQ: MARA) announced on December 4 that it has completed the issuance of $850 million zero-coupon convertible senior notes, maturing in 2031.After deducting underwriting fees, the net fundraising is approximately $835.1 million, of which about $48 million will be used to repurchase convertible bonds maturing in 2026, and the remaining funds will mainly be used for purchasing Bitcoin and general corporate purposes.The initial conversion price of the newly issued convertible bonds is $34.583 per share, a premium of 40% over the weighted average price of $24.7022 on December 2. MARA also granted the initial purchasers the option to purchase an additional $150 million of notes within 13 days.

ChainCatcher news, Sydney-based Bitcoin mining company IREN announced plans to raise $400 million through the issuance of convertible bonds (coupon rate of 3.25%, conversion premium of 30%), an increase from the previously announced total principal amount of $300 million. The issuance and sale of these bonds are scheduled to settle on December 6, 2024, subject to customary closing conditions. Additionally, IREN stated its intention to expand its Bitcoin mining capacity to 50 EH/s by the first half of 2025.

ChainCatcher news, according to Coinspeaker, Bitcoin mining company Argo Blockchain announced on December 2 that it has completed a £4.2 million (approximately $5.32 million) financing by issuing 76.9 million new ordinary shares to an undisclosed institutional investor, at a price of 5.5 pence per share. This transaction was executed using a cashbox mechanism, bringing the total number of shares issued by the company to over 717 million.The funds will be used to relocate or sell equipment at its Helios mining site in Texas, while maintaining ongoing operations at its Quebec site. Notably, the company reported a pre-tax loss of $38.8 million for the first three quarters of 2024, with mining profit margins dropping from 58% in the same period last year to 8%.

ChainCatcher news, according to market news, Bitcoin mining company MARA Holdings acquired approximately 6,484 Bitcoins for about $618.3 million between October 1 and November 30.

ChainCatcher news, according to an official announcement, Bitcoin mining company MARA Holdings has announced that it has increased its holdings by an additional 703 Bitcoins through the issuance of $1 billion zero-coupon convertible preferred notes, bringing the total amount of Bitcoins purchased through this issuance to 6,474, with an average purchase price of $95,395. The year-to-date return on each Bitcoin is 36.7%.Currently, MARA Holdings holds approximately 34,794 Bitcoins, which, at the current Bitcoin price of $95,000, has a total value of about $3.3 billion. MARA has repurchased part of its bonds maturing in 2026 worth $200 million; after deducting transaction costs, the remaining proceeds are about $160 million, which can be used for future purchases if Bitcoin prices decline.

ChainCatcher news, Nasdaq-listed company Nature's Miracle Holding Inc. announced the establishment of its wholly-owned subsidiary NM Data Inc., which will primarily focus on the development and acquisition of Bitcoin mining facilities. It has currently signed an agreement to invest $3 million in the Bitcoin mining company Future Tech.It is reported that the initial investment for this transaction is $200,000, with an additional $2.8 million to be paid within twelve months after the initial closing. Upon completion of the transaction, NM Data will own 51% of Future Tech.

ChainCatcher news, Bitcoin mining company Bitfufu (NASDAQ: FUFU) has officially been included in the FTSE Global Micro Cap Index. The FTSE Global Micro Cap Index is managed by FTSE Russell and tracks smaller, high-growth companies globally, serving as an important resource for institutional investors. This inclusion is expected to enhance the company's liquidity and visibility in the market.

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.