ChainCatcher news, according to The Block, mining company Riot released its financial report, with total revenue of $376.7 million in 2024, a year-on-year increase of 34.2%.Last year, the company's net income expanded to $109.4 million, while the net loss for 2023 was $49.4 million.

ChainCatcher news, according to The Miner Mag, Bitcoin mining company Core Scientific has expanded its high-performance computing (HPC) hosting business to Auburn, Alabama, by leasing AUBix's existing facilities. The company plans to make an initial capital investment of approximately $135 million in this 40,000 square foot facility, with total investments expected to exceed $400 million.Auburn Mayor Ron Anders stated that Core Scientific's $400 million investment is expected to bring in $1.5 million in annual tax revenue for the local area. The lease is for a term of 10 years, with the company having the option to extend it in increments of 5 years for up to 15 years.It is worth noting that Core Scientific resumed its full "HODL" strategy in January of this year, retaining all monthly Bitcoin production, increasing its Bitcoin holdings to over 500 coins.

ChainCatcher news, according to CoinDesk, Bitcoin mining company MARA Holdings announced on February 18 that it has completed the acquisition of a wind farm in Texas. The wind farm has a rated power generation capacity of 114 megawatts and a grid connection capacity of 240 megawatts.MARA plans to use the wind farm to power its Bitcoin mining operations and will utilize the latest generation of ASIC miners. The company's CEO Fred Thiel stated that after this acquisition, MARA's total power generation capacity will reach 136 megawatts. As of now, MARA holds 45,659 Bitcoins.

ChainCatcher news, according to Cointelegraph, court documents show that the U.S. Securities and Exchange Commission (SEC) has suspended its lawsuit against the cryptocurrency mining company Geosyn Mining.The FBI's indictment states that these executives are accused of defrauding client funds by promising to purchase and host Bitcoin mining machines for clients, but instead misappropriating the funds for personal expenses. The SEC previously stated in its lawsuit that Ward and McNutt allegedly defrauded approximately 64 investors out of $5.6 million between November 2021 and December 2022.

ChainCatcher news, Wall Street trading firm Jane Street and its subsidiaries have acquired a 6% stake in Bitcoin mining giant Iris Energy.The 13G filing submitted on Friday shows that as of December 31, Jane Street Group holds a total of 11,797,987 shares of Iris Energy, representing a 6% stake. Iris Energy mined 521 BTC in January, with an actual hash rate of 28.93 EH/s, accounting for 3.71% of the Bitcoin mining production market share.Additionally, its holdings in Strategy and Coinbase exceed 5%.

ChainCatcher news, Nasdaq-listed Bitcoin mining company Bitdeer officially updated its Bitcoin holding data, disclosing its latest holdings as of February 14th to be 833 BTC (excluding customer deposits), an increase of 28 BTC compared to last week's holdings.

ChainCatcher news, Bitcoin mining company Riot Platforms announced the appointment of three new directors aimed at exploring potential opportunities in the fields of artificial intelligence (AI) and high-performance computing (HPC). The new directors include former Oxford Properties President Michael Turner, former Hut 8 Mining CEO Jaime Leverton, and data center development expert Doug Mouton, who has worked at Microsoft and Meta.Riot plans to utilize its Corsicana facility in Texas for AI workloads and has hired investment banks Evercore and Northland Capital Markets to assist with the transformation. This move aligns with industry trends, as Bitcoin mining companies are seeking to develop new revenue streams, such as hosting AI servers, in the context of rising energy costs and decreasing mining rewards. According to previous reports, Riot's competitor Core Scientific has been building AI infrastructure since 2019.

ChainCatcher news, according to Cryptonews, Abu Dhabi cryptocurrency mining company Phoenix Group has released its annual report for 2024.The data shows that the company's mining revenue increased by 236% year-on-year to $107 million, with total revenue reaching $206 million and a net profit of $167 million. The company currently contributes a hash rate of 15.0 EH/s to the Bitcoin network, accounting for 1.9% of the total network hash rate.The company plans to go public on Nasdaq this year.

ChainCatcher news, according to GlobeNewswire, Nasdaq-listed mining company IREN released its monthly update report for January 2025, disclosing a mining output of 521 BTC in January, a decrease from last month's output of 529 BTC.

ChainCatcher news, Nasdaq-listed cryptocurrency mining company Bit Digital, Inc. officially released its unaudited operational update report for January 2025, disclosing a mining output of 28.7 BTC in January, a decrease of 11.4% compared to the previous month. Additionally, by staking 21,568 ETH in the native staking protocol, it earned a staking reward of 65.8 ETH.As of January 31, the company held a total of 768.7 BTC and 27,689.6 ETH, with a fair market value of approximately $78.7 million and $91.3 million, respectively.

ChainCatcher news, mining company Riot Platforms mined 527 bitcoins in January, a month-on-month increase of 2%, marking the highest monthly output since December 2023.In contrast, other major mining companies generally experienced a decline in output, with Marathon down 13% to 750 coins, and CleanSpark down 6% to 626 coins.

ChainCatcher news, Bitcoin mining service provider BitFuFu released its operational data for January 2025. The data shows that the company mined 83 Bitcoins in January, a decrease of 25% compared to December last year, while cloud mining customers produced 200 Bitcoins.In January, no additional BTC was purchased on the secondary market. As of the end of January, the company holds 1,742 Bitcoins.In terms of business expansion, the company has signed a letter of intent to acquire an operational 51 MW Bitcoin mining facility in Oklahoma, USA, which has an average electricity cost of approximately $0.03 per kWh. Additionally, the 2,000 S21XP mining machines ordered by the company are expected to be deployed in the U.S. by March 2025, adding 0.54 EH/s of computing power.

ChainCatcher news, according to the official announcement, North American Bitcoin mining company Hut 8 (Nasdaq | TSX: HUT) released its operational report for January 2025. The company produced 65 Bitcoins that month, a decrease from 89 in the previous month, and currently holds 10,208 Bitcoins.CEO Asher Genoot stated that the infrastructure upgrade work is nearing completion, preparing for the upcoming deployment of mining machines. In addition, the 205 MW Vega project is progressing smoothly and is expected to be powered on in the second quarter of 2025, in preparation for the approximately 15 EH/s hosting agreement reached with Bitmain.

ChainCatcher news, mining company Stronghold Digital has violated energy market rules while prioritizing its Bitcoin mining business, agreeing to pay over $1.4 million in fines and refunds.Stronghold has a contractual obligation to provide available power to the PJM grid to help ensure the reliability of the grid. However, the Federal Energy Regulatory Commission's enforcement office found that Stronghold failed to meet this obligation from June 2021 to May 2022, instead diverting power to its Bitcoin mining operations.Stronghold and Scrubgrass will repay PJM $678,635 in improperly earned capacity revenue and pay a civil penalty of $741,365 to the U.S. Treasury. The company must also submit compliance reports for at least two years and provide market rules training for its personnel.

ChainCatcher news, the listed crypto mining company Bitdeer announced on platform X that it has increased its holdings by 50 BTC today, worth approximately 4.74 million USD. As of 8 PM Singapore time on February 3, 2025, the total Bitcoin holdings amount to 787 BTC.

ChainCatcher news, according to Globenewswire, Bitcoin mining company Cipher Mining announced that it has secured a $50 million PIPE investment from SoftBank. It is reported that SoftBank intends to purchase approximately 10.4 million shares of the company's common stock for $50 million. The new funds will support its HPC data center development business.PIPE investment (Private Investment in Public Equity) is a type of private equity investment focused on publicly traded companies, investing in them through a non-public method.

ChainCatcher news, BTC mining company MARA stated in a post that Bitcoin mining has saved Texas approximately $18 billion by replacing expensive gas peaking power plants.At the same time, Bitcoin miners, including MARA, have balanced energy usage during peak electricity periods, enhancing grid stability and achieving a dual advantage of cost and reliability.

ChainCatcher news, according to BitcoinMagazine, the Bitcoin mining company MARA has embedded a portrait of President Trump in a Bitcoin block to commemorate his upcoming inauguration.It is reported that Trump will be the first U.S. president to support Bitcoin.

ChainCatcher news, Bitcoin mining service provider Blockware Solutions has submitted a governance proposal to Aave, suggesting to generate new revenue streams for the protocol through Bitcoin mining operations. The proposal is currently in the preliminary discussion stage and plans to use Aave funds to purchase the latest S21XP mining machines, which are expected to achieve a net annualized return of 33.03%.According to the proposal details, Blockware Solutions will provide Aave with managed mining services. The proposal states: "Now is the ideal time to enter Bitcoin mining, as the price of the S19J Pro mining machine has fallen to the $3000-$4000 range, which is a significant advantage compared to the previous bull market peak of over $15000."The proposal emphasizes that this strategy can not only generate Bitcoin earnings through mining but also profit from the appreciation of the mining machines. At the same time, Aave's stablecoin GHO will be used to purchase mining machines, which is expected to enhance its adoption as a true on-chain stablecoin.

ChainCatcher news, an employee of a Russian diamond mining company has been sentenced to prison for "providing economic assistance to a Ukrainian terrorist organization" by sending cryptocurrency.The man is a male resident of the Yakut Mirninsky District (Sakha Republic in the Russian Far East). He was arrested by the Sakha Republic branch of the Federal Security Service of the Russian Federation (FSB). The FSB stated that the man "repeatedly used cryptocurrency to transfer funds to Ukrainian armed groups," which used these funds "to conduct reconnaissance and subversive activities against the security of the Russian Federation."