ChainCatcher news, automotive trading service provider Cango entered the Bitcoin mining sector in November, investing $400 million to acquire 50 EH/s of computing power, immediately becoming one of the largest miners in the world. The current Bitcoin hash rate hovers around 823 EH/s, and once Cango's 50 EH/s is fully online, it will contribute approximately 6% of the hash rate behind Bitcoin. For reference, the largest publicly listed miner, MARA Holdings (MARA), has slightly over 47 EH/s, while the second largest, CleanSpark (CLSK), and Riot Platforms (RIOT) have 32 EH/s and 26 EH/s, respectively.Cango's Senior Communications Director, Juliet Ye, stated, "I think this is surprising for people in the (Bitcoin mining) industry because no one had heard of Cango before, but Cango's history is one of adaptation. Since the company was founded in 2010, we have ventured into different fields at least two to three times."Acquiring such a large Bitcoin mining hash rate is not cheap. Cango purchased the first batch of 32 EH/s of computing power from Bitcoin mining manufacturer Bitmain for $256 million in cash and will issue $144 million worth of stock for the remaining 18 EH/s.

ChainCatcher news, according to Bitcoin News, Ethiopia is using the excess hydropower from its Renaissance Dam to power Bitcoin mining, successfully earning $1 billion in revenue last year, accounting for 18% of its electricity revenue.This move has attracted global investors who benefit from the country's low energy costs.

ChainCatcher message, according to the latest data from The Miner Mag, the BTC production market share of 16 publicly listed Bitcoin mining companies has approached 23%. These companies produced a total of 3,226 Bitcoins in August, which is comparable to the production in May, June, and July.

ChainCatcher news, asset management company Metalpha has added the Antalpha Bitcoin Mining Index for its Bitcoin mining equity fund through its wholly-owned subsidiary LSQ Capital Limited. The index was jointly launched by Bitcoin ecosystem service provider Antalpha and FTSE Russell, and will be rebalanced every 6 months to reflect market conditions.

ChainCatcher news, Bitcoin mining company CleanSpark announced the acquisition of five Bitcoin mining sites located in Georgia, USA, for $25.8 million in cash, with a total power capacity of 60 megawatts (MW).It is reported that CleanSpark plans to deploy its previously ordered Antminer S21 Pro mining machines at these sites, expecting to add 3.7 EH/s of computing power once fully installed. CleanSpark is the third largest publicly traded Bitcoin mining company in the United States, having achieved approximately 17 EH/s of computing power as of May, and operates around 300MW of mining sites in Georgia.

ChainCatcher news, the Bitcoin Mining Ecosystem Investment SP officially launched by a licensed institution in Hong Kong. This fund is issued by Digital Polaris Capital Limited and distributed by Mulan Investment Management Limited (holding Hong Kong licenses 1, 4, and 9), regulated by the Hong Kong Securities and Futures Commission.The fund's investment structure includes procurement of mining machines, mining farm hosting, joint operations, hedging, and cashing out mining machines. It features low-cost mining machines, decentralized mining farms, and risk control through asset management sub-accounts. Investors participate in Bitcoin mining operations by subscribing to the fund.

ChainCatcher news, according to CoinDesk, JPMorgan stated that the recent weakness in mining stocks before the Bitcoin halving provides an attractive entry point for investors.According to a research report released on Tuesday, the total market capitalization of 14 publicly listed Bitcoin mining companies tracked by the bank fell by 28% from March 31 to April 15, to $14.2 billion. All stocks performed poorly, with each dropping at least 20%. Meanwhile, Bitcoin has risen 43% this year and 130% over the past six months, as "the typical post-halving rally seems to have been pulled forward."The bank indicated that they are particularly optimistic about Riot Platforms (RIOT) and Iris Energy (IREN), as these stocks offer attractive relative valuations. "With the Bitcoin halving approaching, increased volatility and trading volume for Bitcoin and mining stocks are expected." In the first two weeks of April, mining profitability was lower because "network hash rate growth outpaced the increase in Bitcoin prices."

ChainCatcher message, BitMEX founder Arthur Hayes published a recent blog discussing the critical role of oil resources in the current geopolitical conflicts. The article points out that the United States is leveraging its energy reserves to undermine the economies of pure resource-importing countries like the EU and Japan to achieve its geopolitical objectives. This strategy will impact the value of sovereign currencies in the aforementioned regions, and due to the significant reduction in regional energy trade, Bitcoin mining will face restrictions and pressure from governments in many energy-scarce areas. (source link)

ChainCatcher news, Bitcoin mining consulting firm Sabre56 has completed a $35 million financing, with specific investors undisclosed. The funds will be used to build its hosting sites, aiming to prepare 150 megawatts (MW) of energy capacity by the end of this year. Sabre56 CEO Phil Harvey stated that a total of 115 MW has gone live at the first four sites located in Wyoming and Texas, with the capacity to be built in increments of 7MW-15MW per month, with the first batch going live in mid-March. (Source link)

ChainCatcher news, Bitcoin mining company Digihost has completed the acquisition of a natural gas power plant in New York State. Digihost CEO Michel Amar stated that the acquisition will be paid in full in cash to avoid taking on debt or diluting the equity of existing shareholders.Previously, ChainCatcher reported that Digihost announced in March 2021 that it would acquire the power plant for $4.25 million, with the payment to be made in cash and stock. (source link)

ChainCatcher news, according to Bloomberg citing informed sources, payment processing company Block Inc. has hired former Argo Blockchain PLC Chief Technology Officer Perry Hothi to help develop its Bitcoin mining division. Hothi will provide advice for the new division, considering initiatives ranging from designing Bitcoin mining equipment, integrating wallets and mining services, to energy management.In addition, Block CEO Jack Dorsey stated on Twitter that last October, the company considered establishing a custom silicon and open-source Bitcoin mining system for individuals and businesses worldwide. (Bloomberg)

ChainCatcher news, digital asset management company JKL Group will establish a $50 million Bitcoin mining fund, of which $40 million will be raised from external investors, including family offices, high-net-worth individuals, and institutional investors in the Bitcoin mining sector. The fund's investment strategy includes acquiring Bitcoin mining machines and deploying them through the JKL Mining network. (Source link)

According to Chain Catcher news and reported by The Block, Bitcoin mining liquidity DeFi protocol Block Green has completed a $3.7 million seed round financing, led by Peter Thiel's Founders Fund, with participation from Coinbase Ventures, Blizzard, and Dao5. The company will use the funds to further develop the protocol and build its team, and is currently hiring Patrick Guerriero, the current Chief Financial Officer of miners at cryptocurrency lender BlockFi.It is reported that Block Green was co-founded by Sebastien Hess and former Mastercard executive Bastian Becker in December last year, initially built on Bitcoin Core, with plans to later transition to other chains. Block Green allows Bitcoin miners to take out loans using hash power as collateral, while Bitcoin holders can lend their assets and earn returns from the Bitcoin produced by these miners. (Source link)

链捕手消息，比特币矿业公司 Bit Digital 宣布受MicroStrategy 创始人Michael Saylor邀请，已经加入比特币矿业委员会（BMC） 。Bit Digital 表示，该公司参与了最新的 BMC 可持续电力调查，并正在完善其战略，以进一步在其运营中优先使用无碳能源。未来，Bit Digital 打算以 100% 的无碳电力运营。（来源链接）

链捕手消息，财富管理巨头富达已通过四个指数基金购买了比特币矿业公司Marathon Digital 7.4%的股份，包括富达扩展市场指数基金(FSMAX)、富达纳斯达克综合指数基金(FNCFX)、富达全市场指数基金(FSKAX)和富达系列全市场指数基金(FCFMX)。据悉，这些基金的总市值为1700亿美元。（福布斯）