Global Crypto Mining News (Apr 17 to Apr 23)
Global Crypto Mining News (Apr 17 to Apr 23)
1.
It’s been only one year since Intel officially announced its Bitcoin-mining Blockscale ASICs, but today the company announced the end of life of its first-gen Blockscale 1000-series chips without announcing any follow-up generations for the chips.
Intel recently restructured the AXG group, and Koduri left the company shortly thereafter. Intel has removed almost all landing pages and product pages for Blockscale chips from its website. On whether it plans to exit the Bitcoin ASIC business altogether, Intel said it will continue to monitor market opportunities.
2.
The Luxor Mining Pool article states that the US Energy Information Association (EIA) expects electricity prices to fall this year, with a 1% reduction in electricity demand in the second quarter of 2023 due to warmer weather, which could lower electricity prices in the second and third quarters of this year relative to 2022 levels, with lower electricity prices further increasing bitcoin mining margins.
3.
According to BTC.com, Bitcoin has seen a mining difficulty adjustment at block height 786,240, with mining difficulty increasing by 1.72% to 48.71T, a new all-time high. The current network-wide average hashrate is 348.6 EH/s.
4.
Former ethereum venture CoreWeave closes $221 million Series B funding round led by Magnetar Capital with participation from Nvidia and other investors. The tranche, which values CoreWeave at $2 billion pre-money and brings the company’s total raised to $371 million, will be used to support CoreWeave’s U.S.-based data center expansion. CoreWeave pivoted within the last several years to general-purpose computing as well as generative AI technologies, like text-generating AI models.（TechCrunch）
5.
Bitdeer released its 2022 financial results with total revenue of $333.3 million, net loss of $60.4 million, hashrate of 14 EH/s and electric capacity of 775MW; holding $231.4 million in cash and cash equivalents at the end of 2022. Bitdeer shares are currently trading at $6.41 with a market capitalisation of $712 million.
6.
HIVE Blockchain sold 282 bitcoins in March, and as of March 31, HIVE Blockchain held a total of 2,310 bitcoins, running a total hashrate of 3.36 EH/s.（Globenewswire）
7.
Bitcoin miner Mawson said it agreed to sell its sites in Texas to a Singapore fund for $8.5 million in cash and stablecoins. “The proceeds of the sale will be used for further debt reduction, as well as funding future expansions across Mawson’s other sites,”, according to a statement from the company. (CoinDeak)
8.
Powerbridge Technologies, a provider of multi-industry technology solutions (Nasdaq: PBTS), has announced its recent acquisition of 1,200 units of A1346 Avalon Bitcoin Miners. The A1346 Avalon Bitcoin Miners which have a hash rate of 104TH/s.（PR Newswire）
9.
Stronghold Digital Mining, a bitcoin miner, announced that it has entered into a securities purchase agreement with institutional investors and Greg Beard, the Company’s Chairman and Chief Executive Officer, for the sale of 9 million shares of Class A common stock and stock equivalents to institutional investors and a gift of 1 million shares of Class A common stock to Beard, each at a price of $1 per share equivalent.
The Company will also issue warrants to purchase an aggregate of 10 million shares of Class A common stock to purchasers at an initial exercise price of $1.10 per share (subject to adjustment), with such warrants being non-exercisable for six months after issuance. The gross proceeds of the private placement are expected to be $10 million, before deduction of offering expenses, and are expected to be used to acquire additional bitcoin miners. The private placement is expected to close on April 21, 2023.
10.
Nasdaq-listed bitcoin miner Sphere 3D has announced that it has closed a $3 million private placement round through a securities purchase agreement, with participation from LDA Capital Limited.
According to Sphere 3D CEO Patricia Trompeter, the company will use this latest funding to provide incentives to miners without impacting current cash flow.（Newsfile）
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