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Bitmain Launches Cheaper Mining Machines After Bitcoin Halving and Losing Market Share to MicroBT

Bitmain Launches Cheaper Mining Machines After Bitcoin Halving and Losing Market Share to MicroBT

Bitmain has launched a cheaper version of a Bitcoin mining machine, Antminer T19, compared to its more pricy predecessor Antminer S19. Bitmain has been losing its market share to its rival, MicroBT, which launched its M30S++ Bitcoin miner in April this year. The Antminer T19 has a hashrate/ mining power of 84 terahash per second (TH/s), and power efficiency of 37.5 joules per terahash (J/TH). The price of this new mining machine is around $1750, while the S19 costs around $1785.

MicroStrategy Plans to Increase BTC Holding by Selling Class A Shares Worth $500m

MicroStrategy Plans to Increase BTC Holding by Selling Class A Shares Worth $500m

MicroStrategy Inc is planning to increase its bitcoin holdings through the net proceeds of its sale of up to $500 million worth of its class A shares.

Digital ETP issuer 21Shares Cooperates with German Bank Comdirect to Provide Crypto ETPs to Savings Accounts

Digital ETP issuer 21Shares Cooperates with German Bank Comdirect to Provide Crypto ETPs to Savings Accounts

21Shares, a well-known cryptocurrency ETP issuer, announced a partnership with the German online financial services bank Comdirect to diversify more options by providing cryptocurrency ETPs to their customer savings accounts.

ProShares to Launch First Ether ETF and Blended Crypto Funds

ProShares to Launch First Ether ETF and Blended Crypto Funds

ProShares is set to launch the first-ever ETF focused on ether, along with two blended ETFs that offer exposure to both bitcoin and ether, on October 2, 2023. These new ETFs aim to provide a more accessible and regulated avenue for investors to gain exposure to cryptocurrencies, without the need for a separate crypto custodian or wallet.

Staking Rewards Raises $3.2M Equity from Crypto's Largest Funds Ecosystem

Staking Rewards Raises $3.2M Equity from Crypto's Largest Funds Ecosystem

Crypto data aggregation startup, Staking Rewards says it has raised $3.2 million from the biggest fund managers in the cryptocurrency ecosystem.

Hedge Funds Battle to Survive After FTX Exchange Collapse

Hedge Funds Battle to Survive After FTX Exchange Collapse

The hedge fund discontinued its CoinShares consumer platform because to high marketing costs.

Hut 8 Mining Corp. Responds to Short-Seller Accusations Amid Stock Tumble

Hut 8 Mining Corp. Responds to Short-Seller Accusations Amid Stock Tumble

Hut 8 Corp faces serious accusations from JCapital Research, claiming mismanagement and legal issues post-merger, leading to a significant stock price drop. The company is now working to address these allegations and reassure investors.

Bitfarms (BITF) Announces Results of Annual Shareholders' Meeting

Bitfarms (BITF) Announces Results of Annual Shareholders' Meeting

Bitfarms reveals the outcomes of its annual shareholders' meeting, including board elections and auditor reappointments.

Bitfarms Implements Shareholder Rights Plan Amid Riot Platforms' Hostile Takeover Attempt

Bitfarms Implements Shareholder Rights Plan Amid Riot Platforms' Hostile Takeover Attempt

Bitfarms adopts a shareholder rights plan to counter Riot Platforms' takeover attempt and ensure fair value for shareholders.

Bitfarms (BITF) Faces TSX Deferral on Shareholder Rights Plan Consideration

Bitfarms (BITF) Faces TSX Deferral on Shareholder Rights Plan Consideration

Bitfarms announced that the TSX has deferred its decision on the company's Shareholder Rights Plan.

Bitfarms (BITF) Faces Shareholder Meeting Requisition from Riot Platforms

Bitfarms (BITF) Faces Shareholder Meeting Requisition from Riot Platforms

Bitfarms receives a requisition from Riot Platforms for a shareholder meeting to gain control of its Board of Directors, according to GlobeNewswire.

Texas Bitcoin Mining Operations Undergo Intensive Due Diligence

Texas Bitcoin Mining Operations Undergo Intensive Due Diligence

CoinShares' research team evaluates major Bitcoin mining facilities in Texas, highlighting innovations and industry growth.

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