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, Bitcoin mining company Bit Digital (BTBT) announced the acquisition of the Enovum data center located in Montreal, Canada, for $46 million. This is a Tier 3 high-performance computing (HPC) facility. According to investor presentations, the data center is "100% leased, with a contract stipulating a capacity of 4 megawatts."The funding for this acquisition primarily comes from its cash reserves, as well as approximately 1.62 million newly issued BTBT shares. It is currently unclear whether Bit Digital liquidated any of its digital assets to fund this transaction. As of June 30, the company reported cash of $61.7 million, and as of September 30, it held Bitcoin and Ethereum valued at $118 million.

ChainCatcher news, according to CoinDesk, research from investment bank Jefferies shows that Bitcoin mining profits declined in September, despite Bitcoin prices remaining relatively stable, while network hash rate increased by about 1.7%. The bank noted that the average daily revenue per Exahash fell by 2.6%.Additionally, October may be more challenging for miners; although Bitcoin prices rose by about 5%, the network hash rate grew by 11%, further pressuring earnings.The report also indicated that the share of mining by North American publicly listed companies increased from 19.9% in August to 22.2% in September, with Marathon Digital mining the most Bitcoin at 705 coins, followed by CleanSpark (CLSK), which mined 493 coins.

ChainCatcher news, Ethiopia expands Bitcoin mining power allocation to 600 megawatts, becoming one of the fastest-growing markets in the world, and plans to further increase capacity this year.According to Ethan Vera, co-founder and CEO of Bitcoin miner Luxor, miners in Ethiopia primarily use low-power mid-generation equipment, such as the S19J Pro and A1346 models.It is reported that Ethiopia also aims to become a Bitcoin mining hub by signing power supply agreements with 21 mining companies, mainly from China.

ChainCatcher news, according to Finance Magnates, Nasdaq-listed Bitcoin mining company Iris Energy (IREN) is facing a class-action lawsuit for allegedly exaggerating its data center's capabilities to transition to high-performance computing (HPC) and artificial intelligence applications. The lawsuit claims that the company's facility in Childress, Texas, lacks key features such as sufficient power redundancy, cooling systems, and fiber optic connections.The plaintiffs cite a statement from Iris Energy co-CEO Daniel Roberts, who said the company "has built a data center foundation capable of any high-performance computing." The lawsuit argues that these statements are misleading and overstate the capabilities and overall prospects of the company's data center business.Affected by a critical report released by Culper Research, Iris Energy's stock price fell by about 15%. The report questions the company's HPC claims and the suitability of its facilities. The lawsuit seeks to represent investors who purchased Iris Energy securities between June 20, 2023, and July 11, 2024.

According to ChainCatcher news, as reported by CoinDesk, Bitcoin mining companies are at a critical crossroads: they can choose to pivot towards artificial intelligence (AI) and high-performance computing (HPC) to boost their stock prices, or they can stick to their core Bitcoin mining business and expand their market share while facing sluggish stock prices.In September, the largest market cap mining companies, MARA Holdings (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK), all increased their share of the total Bitcoin mined. These companies have stronger balance sheets and larger mining operations, which help them cope with the decline in profitability following the Bitcoin halving in April. However, investors have not rewarded these companies' stocks with a premium, and their performance remained lackluster in September.In contrast, mining companies focusing on AI and HPC, such as Core Scientific (CORZ), TerraWulf (WULF), and IREN (IREN), have seen their stock prices outperform Bitcoin. The halving in April reduced Bitcoin mining rewards by 50%, intensifying competition in mining and narrowing profit margins.Additionally, the recently approved spot Bitcoin ETF in the U.S. has also diminished investors' interest in mining stocks. Instead, investors are rewarding those mining companies that utilize part of their data centers to host AI and HPC-related machines for revenue diversification.AI and HPC computing require a significant amount of electricity, and Bitcoin miners have already secured these resources, making them ideal candidates for rapidly expanding AI and HPC companies. In September, the stock prices of large-cap mining companies rose by 4% to 9%, while those associated with AI and HPC saw price increases of up to 25%.

ChainCatcher news, according to Bitcoin.com News, the mayor of Rockdale, Texas, Ward Rodam recently published an article in the Austin American-Statesman, outlining the important role of the Bitcoin mining industry in the local economic recovery. Mayor Rodam likened Bitcoin mining to a "digital oil well," believing it has the potential to drive economic revitalization in rural areas across Texas, with an impact comparable to the former oil boom.According to Mayor Rodam, since the closure of the city's largest employer, the Alcoa aluminum plant, in 2008, the Bitcoin mining industry has utilized the legacy energy infrastructure to inject new economic vitality into Rockdale. This is reflected in several aspects:Job Market: Bitcoin mining companies have created hundreds of jobs locally, providing residents with high-paying employment opportunities;Fiscal Revenue: Mining companies have become one of the main sources of tax revenue for Milam County and the local school district;Community Development: These companies actively participate in local charitable initiatives, including establishing scholarships, supporting police and fire departments, and sponsoring youth sports and chamber of commerce activities;Economic Investment: Bitcoin mining companies have cumulatively invested over $1 billion in Rockdale.Mayor Rodam emphasized that Bitcoin mining enterprises demonstrate deep engagement and long-term commitment to the communities in which they operate. He called on Texas lawmakers to fully recognize the positive impact of the Bitcoin mining industry and create a favorable policy environment for its development. The mayor stated, "Texas leaders should fully understand the economic benefits of Bitcoin mining. If we can provide appropriate policy support for its development, Bitcoin mining is expected to become a new growth point driving the revitalization of Texas's rural economy."

ChainCatcher news, mining company HIVE Digital released its financial report for September, producing 112 BTC, with a Bitcoin holding of 2,604, an increase of 50% over the past 12 months.

ChainCatcher news, Nasdaq-listed Bitcoin mining company CleanSpark released its unaudited Bitcoin mining and operational report on its official website for the period ending September 30, 2024, disclosing that in September, the Bitcoin mining output was 493 BTC, and the total Bitcoin holdings as of September 30 reached 8049 BTC (including 7098 BTC mined in the fiscal year 2024).In addition, CleanSpark also announced that it sold 2.5 BTC at a price of $58,287 in September, with a month-end operating hash rate of 27.6 EH/s.

ChainCatcher news, Nasdaq-listed Bitcoin mining company Bit Digital released its unaudited operational update report for September 2024 on its official website, disclosing that the Bitcoin mining output in September was 51.5 BTC, a decrease of 3.6% from the previous month; as of September 30, 2024, Bit Digital's active hash rate was approximately 2.43 EH/s, with unaudited revenue of about 4.2 million dollars in September.In addition, Bit Digital also disclosed that as of September 30, 2024, there were approximately 21,568 ETH in the native staking protocol, and it earned about 57.9 ETH in Ethereum staking rewards in September.

ChainCatcher news, Bitcoin mining company Argo released its operational update report for September 2024, disclosing that the company mined a total of 37 Bitcoins last month, with an average daily output of approximately 1.2 BTC, consistent with August.Additionally, Argo revealed that its Bitcoin mining revenue for September reached approximately $2.2 million, but its Bitcoin mining profit margin for the third quarter was below 10%.

ChainCatcher news, Bitcoin mining company Terawulf has sold a 25% stake in its nuclear-powered Nautilus Bitcoin mining facility in Pennsylvania to joint venture partner Talen Energy for $92 million, with plans to reinvest the proceeds into high-performance computing (HPC) and artificial intelligence data centers, which are expected to be operational in the first quarter of 2025.

ChainCatcher news, Bitcoin mining company Bitdeer released its unaudited mining and operational update report for September 2024, disclosing a self-mining output of 164 BTC for the month, compared to a self-mining output of 166 BTC last month, while the self-mining output for September 2023 was 482 BTC.

ChainCatcher news, according to Bitcoin.com, Bitcoin mining service provider Gomining has announced the establishment of the GoBTC Foundation, focusing on Bitcoin L1 and L2 projects. The foundation seeks to promote on-chain activities, increase transaction fees, and benefit Bitcoin miners.The foundation stated that it collaborates with various partners, including mining companies, investors, foundations, and Bitcoin advocates, to enhance the overall Bitcoin ecosystem. To support new projects, the foundation offers two main programs: the IDO Launchpad and an accelerator, which includes a 12-week mentorship program.

ChainCatcher news, Bitcoin mining company Hut8 repaid approximately $38 million of its loan balance obtained from Anchorage Digital through stock conversion. Anchorage Digital converted the debt into common stock at a price of $16.395 per share.Hut8's remaining debt includes $150 million in convertible notes agreed upon with Coatue Management in June, specifically for the company's expansion into the artificial intelligence computing market.

ChainCatcher news, according to HODL15Capital monitoring, the net inflow of BTC for the U.S. spot BTC ETF in September was approximately 17,941 BTC, while the amount of BTC mined that month was 13,500 BTC, accounting for only 75.2% of the ETF net inflow.

ChainCatcher news, according to CoinDesk, JPMorgan Chase (JPM) stated in a research report on Tuesday that Bitcoin (BTC) prices and network hash rates saw a slight increase in September, while daily mining revenue and gross profit declined for the third consecutive month.Data shows that the hash rate has increased for the third consecutive month, rising by 2% from August to reach 643 EH/s. JPMorgan estimates that the daily block reward gross profit in September decreased by 6% month-over-month to $16,100 per EH/s (gross margin of 38.4%), marking the lowest point in recent times.

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.

According to ChainCatcher news, as reported by Decrypt, Bitcoin company Swan has filed a lawsuit in the U.S. District Court for the Central District of California, accusing its former employees (including former executives) of colluding with Tether to steal its Bitcoin mining business worth billions of dollars. Swan claims that these former employees stole the company's highly proprietary Bitcoin mining monitoring software code, vendor and business partner resources, and collectively resigned to establish a competing company named Proton Management.The lawsuit alleges that Tether played a significant role in this conspiracy by sending Swan a "default notice," providing "legal cover" for this hostile takeover. Swan is seeking a permanent injunction from the court against Proton to prevent further interference with Swan's mining operations and is demanding that the former employees return the stolen equipment and "confidential materials." Swan has requested a jury trial, with the specific amount of damages to be determined at trial.