ChainCatcher news, according to PR Newswire, Nasdaq-listed company BTC Digital Ltd. announced that it has signed an agreement with Asian digital asset management consulting firm Recte Technologies Company Limited and Asian cryptocurrency mining fund ASIA INVESTMENT FUND SP2 to provide a total of 1,100 Bitcoin mining machines for hosting services, including ANTMINER T21 and ANTMINER L7 models. BTC Digital will be responsible for the deployment of these devices in the United States, providing hosting, management, and other services.

ChainCatcher news, according to official sources, Bitmain has released the ANTMINER S21+ series mining machines today, with the S21+ Hyd. having a single machine hash rate of 319T and an energy efficiency ratio of 15.0J/T, while the S21+ has a single machine hash rate of 216T and an energy efficiency ratio of 16.5J/T.

ChainCatcher news, according to official sources, Bitmain and Hut 8 have collaborated to launch the next-generation ASIC miner U3S21EXPH. Hut 8 plans to deploy this miner through a hosting agreement of approximately 15 EH/s in the second quarter of 2025, aiming to support the custom data center infrastructure developed internally by Hut 8.It is reported that the U3S21EXPH will become Bitmain's first mass-produced U-type ASIC miner, utilizing direct liquid cooling to chip (DLC) technology.

ChainCatcher news, mining company Compass Mining has activated 3,000 Bitcoin mining machines at its newly partnered facility in Iowa, and the company plans to install an additional 1,000 machines in September. This expansion will increase the facility's capacity by 12.5 megawatts (MW).According to Compass Mining, this initiative is part of its strategy to expand operations. By the end of 2024, the company plans to manage approximately 30 megawatts of power across multiple locations in the United States, including Indiana, Ohio, Nebraska, and Texas.

ChainCatcher news, according to CoinDesk, cryptocurrency mining company Core Scientific has rejected a $1 billion acquisition offer from cloud computing company CoreWeave. The Core Scientific board believes that CoreWeave's offer of $5.75 per share for Bitcoin (BTC) mining machines significantly undervalues the company.

ChainCatcher News: U.S. Senator Ted Cruz stated that he has purchased 3 Bitcoin mining machines and has started mining in Texas.

ChainCatcher news, the Venezuelan Ministry of Electric Energy announced a special operation to disconnect all Bitcoin mining farms from the power grid. As the government seeks to reduce the electricity consumption of high-power customers drawing energy from the national power system, authorities have seized over 11,000 Bitcoin mining machines.

ChainCatcher news, according to PR Newswire, Canaan Creative has launched the Avalon A15 series product A 1566.It is reported that this upgraded Bitcoin miner has an energy efficiency ratio of 18.5J/T, a computing power of 185T, and a power consumption of 3420W.

ChainCatcher news, according to The Block, Bitcoin mining machine manufacturer Auradine has completed a $80 million Series B funding round, with participation from Maverick Capital and others, led by StepStone Group, Top Tier Capital Partners, MVP Ventures, Maverick Capital, Celesta Capital, Mayfield Fund, and Marathon Digital.It is reported that Auradine, headquartered in California, was founded in 2022 and launched the Teraflux Bitcoin mining machine last November.Rajiv Khemani, co-founder and CEO of Auradine, stated that the company initially aimed to raise $70 million, but due to greater investor interest, it ultimately achieved oversubscription. It is reported that Auradine's Series B funding is also a mix of equity and debt, including $60 million in equity and $20 million in debt.Khemani mentioned that the demand for the Teraflux Bitcoin mining machine is strong. "We have achieved $80 million in bookings, with order channels exceeding $200 million."According to the crypto data platform RootData, last May, Auradine completed a $81 million Series A funding round, led by Celesta Capital and Mayfield, with participation from Cota Capital, DCVC, and Stanford University.

ChainCatcher news, Bitcoin mining and hosting company Arkon Energy announced the purchase of 27,700 Bitcoin mining devices from Bitmain, including 13,500 S21 Antminer miners and 14,200 T21 miners, with delivery scheduled to begin in June 2024.

ChainCatcher news, according to Bloomberg, as the Bitcoin halving event approaches, U.S. mining companies are not only purchasing new mining machines to expand their hash rate but are also dealing with their old models. Approximately 6,000 old Bitcoin mining machines will soon be idled and sent to a warehouse in Colorado Springs, where they will be refurbished and resold to overseas buyers looking to profit from mining in a low-cost environment.Since electricity is the largest expense in Bitcoin mining activities, mining companies, including publicly listed firms Marathon Digital Holdings Inc. and Riot Platforms Inc., need to reduce their operating costs to maintain positive profits. Theoretically, the hash rate of old mining machines may still be profitable after the halving, but it is unlikely to be realized given the high electricity costs in the U.S.According to estimates by Ethan Vera, COO of cryptocurrency mining services and logistics provider Luxor, about 600,000 S19 series mining machines (which account for most of the machines currently in use) are being transferred from the U.S. to Africa and South America. Some buyers are waiting to purchase second-hand mining machines until after the halving, believing that prices will drop further by then. Data shows that in March 2022, the price of second-hand S19 model mining machines was around $7,030. A year later, as Bitcoin prices fell, the price of second-hand S19 machines plummeted to about $900. With the upgrading of mining machines, the price of second-hand S19 has dropped to about $427 this month, and it is expected to be around $356 after the halving in May.Additionally, some U.S. miners have chosen not to sell their hardware but instead to relocate their equipment to areas with lower electricity costs and third-party data centers.

ChainCatcher news, according to TheMinerMag, Bitcoin mining company Riot has raised nearly $560 million through stock issuance over the past four months for its large-scale purchase of WhatsMiner mining machines from Bitcoin miner manufacturer MicroBT.Riot disclosed in its annual report on Friday that it achieved a total net gain of $747.7 million from its stock issuance in 2023. Notably, 60% of this, approximately $444 million, was obtained in the last quarter. The company added that it has raised an additional $115 million through market transactions since December 31.It is reported that Riot announced the purchase of MicroBT's flagship products, the WhatsMiner M56S and M66 series, totaling 25.7 EH/s, worth approximately $453.4 million, in June and December. The goods began shipping in the fourth quarter and are expected to be fully delivered and deployed by mid-2025.Meanwhile, Riot has reached an option agreement with MicroBT to purchase up to 18.75 EH/s of WhatsMiner annually before the end of 2027. If the option is fully exercised, Riot will need to raise at least another $1.2 billion.

ChainCatcher news, the encrypted mining company Phoenix Group purchased Bitcoin mining machines worth $187 million from Bitmain.

ChainCatcher news, Bitcoin mining company CleanSpark announced the purchase of 160,000 Bitmain S21 mining machines. According to the terms of the agreement, CleanSpark has purchased 60,000 mining machines, with the first order valued at $193.2 million after discounts and coupons. Delivery is expected between April and June 2024.In addition, the agreement also includes a strategic call option to purchase an additional 100,000 mining machines at a fixed price of $16/terahash before the end of the year. If the full call option is exercised, once all machines are deployed, CleanSpark's hash rate is expected to increase to approximately 50 EH/s, a 400% increase from the current hash rate of 10 EH/s.

ChainCatcher news, the encrypted mining company Riot announced that it has ordered 18 EH/s of the latest generation of Bitmain mining machines at a price of $290.5 million. Riot offers an additional purchase option of up to 75 EH/s, with a fixed price cap, providing Riot a pathway to achieve over 100 EH/s of self-mining capacity.The new order will mainly include the recently released M66S, which has an energy efficiency ratio of 18.5J/T and an average price of about $16/TH. Riot can additionally purchase up to 265,000 mining machines under this agreement.

ChainCatcher news, Bitcoin mining machine manufacturer Bitmain announced the launch of Filecoin miners, marking its first entry into the Filecoin field. Each miner is priced at 38,888 USD, with a computing power of 4,300 T, and the staking service fee is a minimum of 0.5% per month; sales will begin on July 21.

ChainCatcher news, according to CoinDesk, Australian data center startup Arkon has completed a new funding round of $26 million, with participation from Sandton Capital Partners. The company is expanding into the U.S. by acquiring a site in Hannibal, Ohio.It is reported that this data center in Ohio has a designed capacity of 100 megawatts (MW), and Arkon's computing power is expected to increase by 3.3 EH/s by the end of 2023. Arkon hopes that with less than a year until the next Bitcoin halving, the facility will provide predictable revenue streams by offering server hosting services to Bitcoin mining companies.According to RootData data, Arkon Energy completed a $28 million funding round on November 17, 2022, using excess renewable energy to power its Bitcoin mining operations. (source link)

According to ChainCatcher news, CoinDesk reported that Bitcoin mining company CleanSpark has purchased an additional 12,500 Bitcoin mining machines for $40.5 million, marking the latest in a series of purchases during a market downturn. These machines will add 1.76 EH/s of computing power to CleanSpark's operations, bringing it closer to its goal of 16 EH/s by the end of 2023.As of the end of April, the company's mining power was 6.7 EH/s. The press release stated that the first batch of 6,000 Bitmain Antminer S19 XP mining machines will be shipped by the manufacturer in June, with the remainder to be shipped in August. (Source link)

ChainCatcher news, American mining company US. Bitcoin Corp (USBTC) has signed a multi-year agreement to host 150,000 Bitcoin mining machines with several companies, including Marathon Digital Holdings. (CoinDesk)

ChainCatcher news, Bitcoin mining company [Cipher Mining](https://www.rootdata.com/zh/Projects/detail/Cipher Mining?k=MzU0NA==) announced its first quarter update for 2023. Cipher Mining also announced an agreement with Canaan Creative Global Pte. to purchase 11,000 new A1346 model mining machines, which will be delivered in the third quarter of 2023 for use at Cipher Mining's facility in Odessa, Texas.Additionally, Cipher Mining reported a GAAP diluted net loss of $0.03 per share for the first quarter of 2023, and a non-GAAP diluted net income of $0.03 per share. (Source link)