On the evening of December 28, 2022, the computing power of the bitcoin network (BTC) increased to 300 Eh/s (hash/sec). Three days before its growth on December 25, the BTC hashrate fell to a minimum of 170 Eh/s, which happened due to a power outage by bitcoin miners from Texas to remove excess load from the network.
Galaxy Digital CEO Mike Novogratz considers the company's decision to acquire the Helios bitcoin mining enterprise very successful.
Crypto miners are often criticized by regulators and activists for non-ecological activities. In this regard, profile manners began to turn more and more often to the so-called "green" initiatives.
While the price of bitcoin has decreased by 70% since the beginning of the year, the turnover of Canaan is reduced by only 14% in yuan.
To avoid bankruptcy, Argo Blockchain had to sell the Helios facility. The company also received a loan of $ 35 million. After the suspension of trading on NASDAQ, the company announced in a press release that it was selling the Helios facility to Galaxy Digital Holding for $65 million.
Mining company Argo Blockchain has announced strategic deals with Galaxy Digital. As a result, the firm will sell its flagship data center in Texas for $65 million and refinance loans.
Due to extreme weather conditions in North America, Binance Cloud Mining products have been disabled. It's all about power outages and blackouts. Thus, the administration of Binance announced that it will extend the validity of subscriptions to the Cloud Mining product for three days to compensate its users for losses.
Tom Dunleavy, an analyst from the research cryptocurrency company Messari, believes that miners who immediately sell mined bitcoins have a bad effect on the price of BTC.
The British mining company Argo Blockchain has asked Nasdaq to suspend trading in shares until the announcement on Wednesday, December 28.
The firm will issue a press release before the start of the trading session.
Bitcoin miner Argo Blockchain has demanded to temporarily suspend trading on Nasdaq in anticipation of an announcement to open on Wednesday, trading is expected to resume on Wednesday.
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