Search Results for: Thiel

Crypto Lender Vauld Granted 3-Month Protection from Singapore Court against Creditors

Singapore High Court has granted distressed crypto lending firm Vauld a three-month moratorium to continue exploring options on how it can repay its creditors. The latest legal action from the court allows them to enjoy a three-month moratorium that stops its creditors from starting or continuing any legal proceedings. Vauld now has bought some time until … Continue reading Crypto Lender Vauld Granted 3-Month Protection from Singapore Court against Creditors

Marathon Digital Says Generated 707 BTC with YoY Increase of 8% in 2022 Q2

Marathon Digital Holdings, Inc. announced its July 2022 operational update on Aug 8, revealing that the cryptocurrency mining firm had mined 707 bitcoins, an increase of 8% year-over-year in the second quarter of 2022. However, the amount was a decrease of 44% from the previous quarter’s 1,259 bitcoins. The company further said that its revenue for the … Continue reading Marathon Digital Says Generated 707 BTC with YoY Increase of 8% in 2022 Q2

Marathon Digital Generated 184 BTC in Aug, Total Holding 10,311 BTC

Marathon Digital stated that as of August 31, 2022, it holds 10,311 BTC, with a total value of $206.7 million, and produced 184 BTC in that month. The crypto mining company also said it increased the Bitcoin mining hash rate by approximately 2.5 exahash/s (EH/s) of computing power to 3.2EH/s, Fred Thiel, chairman and CEO … Continue reading Marathon Digital Generated 184 BTC in Aug, Total Holding 10,311 BTC

Marathon Digital CEO Urges to Incentivize Bitcoin Miners for Embracing Renewable Energy

Fred Thiel, the Chief Executive Officer of Bitcoin mining firm Marathon Digital, has called on the Federal Government to incentivize miners to embrace renewable energy options to mine their cryptocurrencies. Thiel’s comments come in an interview following the release of a report by the US government on the environmental implications of Bitcoin mining. Known for … Continue reading Marathon Digital CEO Urges to Incentivize Bitcoin Miners for Embracing Renewable Energy

Marathon Digital Overclocks To Get An Edge

In a recent update, Marathon Digital Holdings, which runs one of the most significant Bitcoin mining operations in North America, revealed that the company has been experimenting with overclocking in order to bolster its position as a market leader in the Bitcoin mining business. This endeavor was undertaken with the intention of strengthening the company’s … Continue reading Marathon Digital Overclocks To Get An Edge

Marathon Digital Holdings Sells Some of Its Bitcoin for the First Time

The cryptocurrency mining company Marathon Digital Holdings has sold part of its Bitcoin (BTC) holdings for the first time in the last two years, making it the second biggest publicly-listed holder of Bitcoin. The firm reported in an update that was published on February 2 that throughout the month of January it had sold 1,500 … Continue reading Marathon Digital Holdings Sells Some of Its Bitcoin for the First Time

BUSD, Paxos, and the Recent Scrutiny of Paxos

Financial services using cryptocurrencies The head of research at Matrixport is of the opinion that the current investigation of Paxos and its Binance USD (BUSD) token is not an assault on stablecoins in and of itself. Matrixport’s Markus Thielen noted in a study that was published on February 14 that the BUSD issuer, Paxos Trust … Continue reading BUSD, Paxos, and the Recent Scrutiny of Paxos

Marathon Digital Initiates Bitcoin Mining Powered by Renewable Landfill Energy

Fort Lauderdale, FL: Marathon Digital Holdings, Inc. (NASDAQ:MARA), known for its endeavors in bolstering the Bitcoin infrastructure, has announced a collaboration with renewable energy firm Nodal Power. The partnership aims to harness methane emissions from a Utah landfill to power a 280 kW Bitcoin mining pilot project. The project, now fully operational, underscores a sustainable … Continue reading Marathon Digital Initiates Bitcoin Mining Powered by Renewable Landfill Energy

SEC Poised for Decision on Ark Invest and 21Shares Bitcoin ETF, Market Reacts

The United States Securities and Exchange Commission (SEC) is on the verge of issuing conclusions on multiple spot Bitcoin exchange-traded fund (ETF) applications. This announcement comes at a crucial juncture for the cryptocurrency landscape. If this new breakthrough is successful, it has the potential to drastically alter the way digital assets are traded in the … Continue reading SEC Poised for Decision on Ark Invest and 21Shares Bitcoin ETF, Market Reacts

Marathon Digital reports a 229% revenue increase in 2023

Marathon Digital Holdings Inc. (NASDAQ: MARA), a prominent player in the Bitcoin mining sector, has reported a striking turnaround in its business fortunes for the fiscal year ended December 31, 2023. The Fort Lauderdale-based firm, known for its large-scale Bitcoin mining operations, has disclosed a record revenue of $388 million for 2023, representing a 229% … Continue reading Marathon Digital reports a 229% revenue increase in 2023

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