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Bitcoin miner Phoenix Group makes $2.47B trading debut in Abu Dhabi rising 50%

Middle East-based Bitcoin (BTC) miner Phoenix Group became the first crypto-related firm to go public on the Abu Dhabi Securities Exchange (ADX) today, Dec. 5, according to a post on…

Bitcoin miner Riot Platforms gears up for halving with strategic $290M hardware investment

Texas-based Bitcoin (BTC) miner Riot Platforms secured its largest-ever order of hash rate through the acquisition of 66,560 units of BTC miners, representing 18 EH/s, from MicroBT for $290.5 million,…

Bitcoin miners Hut 8, USBTC prepares for halving with merger into new company

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha.…

AntPool to refund record $3.1M Bitcoin transaction fee after costly user mistake

Bitcoin (BTC) mining pool AntPool said it would refund 83 BTC, more than $3 million, an unknown user had paid as gas fees for a transaction, according to a Nov.…

Decentralized Bitcoin mining pool OCEAN raises over $6M in seed funding

OCEAN, a new decentralized Bitcoin mining pool, announced that it had raised $6.3 million in seed funding from various sources on Nov. 28. The seed funding round is notably led…

Bitcoin miners see 19-month high in revenue as halving nears

Monitoring miner revenue is essential for understanding the health and sustainability of the Bitcoin network. Miner revenue, a combination of block rewards and transaction fees, provides a window into the…

HIVE expands European footprint with strategic Swedish data center acquisition

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha.…

Celsius debtors to restructure defunct lender into Bitcoin miner instead of asset transfer

Celsius Network and its debtors intend to turn the defunct lender into a Bitcoin miner as part of its restructuring, according to a Nov. 20 press release. Celsius customers will…

Phoenix Group IPO raises $370M, signaling investor confidence in Middle Eastern crypto economy

Abu Dhabi’s Phoenix Group, a Bitcoin (BTC) mining service provider, has completed an initial public offering (IPO) that sold 907 million shares, raising approximately 1.3 billion UAE Dirhams, or $370…

Tether plans $500M investment into Bitcoin mining operations

In a significant diversification of its core business of managing the USDT stablecoin, Tether Holdings Ltd. is pivoting a portion of its operations toward Bitcoin (BTC) mining. As reported by…