author | Wu Blockchain about blockchain
Sponsored by Bitdeer, a Nasdaq -listed mining company
1,
Crypto mining company Northern Data is in talks with potential advisers about a joint project of its artificial intelligence cloud computing and data center businesses for an initial public offering (IPO) in the United States, which could value the company at up to $16 billion. According to current plans, Northern Data will list an entity consisting of its cloud computing business (called Taiga) and data center (called Ardent) on Nasdaq as early as the first half of next year.
2,
Bitcoin mining company Bitfarms released the latest monthly production data, with revenue of 156 BTC in May, down 42% from the previous month and 66% year-on-year. Among them, 136 BTC were sold, earning a total revenue of $8.9 million (US$16.1 million in April). Bitfarms rejected Riot Platforms' nearly $1 billion acquisition proposal. (The Block)
3.
Bitcoin mining company Core Scientific has signed a 12-year contract with AI Hyperscaler CoreWeave. Core Scientific expects the AI company to generate an average annual revenue of approximately $290 million, with total cumulative revenue exceeding $3.5 billion over the 12-year period. Core Scientific plans to provide 200 megawatts of infrastructure and transform existing sites to accommodate CoreWeave's operations. The mining company said it expects to have the sites ready for operation in the first half of 2025. (The Block)
4.
Bitcoin mining company Marathon Digital disclosed in its monthly report that the production of Bitcoin in May was 616, a year-on-year decrease of 27%. The main reason for the decrease was the impact of the halving event in April. Marathon sold 390 Bitcoins in May, accounting for 63% of the production this month, to support monthly operations, manage its finances and general corporate purposes. As of the end of May, it held a total of 17,857 BTC.
5.
Bitcoin mining company Riot Platform said it has acquired a 12% stake in rival Bitfarms Ltd. Riot Platforms purchased about 1.5 million shares of Bitfarms at a price of about $2.45 per share. Riot said it already beneficially owned about 11.63% of Bitfarms before the acquisition. The company said it plans to request a special shareholder meeting to add independent directors to Bitfarms' board of directors, citing concerns about its corporate governance.
6.
Bitcoin mining company Bitdeer announced that it will acquire ASIC chip design company Desiweminer in an all-stock transaction for $140 million. According to the announcement on June 3, Bitdeer will acquire all outstanding shares of Desiweminer for 20 million Class A common BTDR shares. The Desiweminer team will join Bitdeer's ASIC design team in Singapore and plans to launch products that integrate the technologies of both parties immediately. At the end of last month, Bitdeer received a $150 million investment from stablecoin company Tether. (CoinDesk)
7.
BitDeer announced its Bitcoin mining machine technology roadmap: The 4nm process Bitcoin mining chip SEAL01 has an energy efficiency ratio of 18.1 J/TH, and the first batch of mining machines (SEALMINER) are expected to be mass-produced and delivered in Q3 2024. The 14 J/TH energy efficiency chip is planned to be released in Q3 2024, and the mining machine will be mass-produced and delivered in Q4. The third-generation chip SEAL03 will be launched in Q4 2024, and the chip energy efficiency ratio is expected to be reduced to 10 J/TH, and the mining machine will be mass-produced and delivered in Q2 2025. The fourth-generation chip SEAL04 will be launched in Q2 2025, and the chip energy efficiency ratio is expected to be as low as 5 J/TH, and the mining machine will begin mass production and delivery in Q4 2025.
8,
Bitcoin mining company Bitfarms has approved the adoption of a shareholder rights plan ("poison pill") to prevent a potential hostile takeover attempt by Riot Platforms. The plan must be approved by shareholders within six months of its adoption, otherwise it will be terminated. Under the plan, if an entity accumulates more than 15% of Bitfarms' shares between June 20 and September 10, the company will issue new shares to dilute the entity's shares. After September 10, the threshold will be relaxed to 20% as long as any takeover attempt meets certain conditions.
9,
CryptoQuant reports that bitcoin miners are actively cashing out during the bitcoin price rally, with miners transferring bitcoin to exchanges this week at a two-month high. As the bitcoin price fell from $70,000 to $66,000, miners moved $209 million worth of bitcoin to exchanges. Since the beginning of June, bitcoin miner Marathon Digital has sold 1,400 bitcoins worth nearly $98 million. As daily miner revenue has fallen due to the bitcoin halving, miners have also seen a significant increase in sales through over-the-counter (OTC) transactions. Daily miner revenue has fallen 55% from a peak of $78 million in March to $35 million. (CoinDesk)
10.
The Electric Reliability Council of Texas (ERCOT) recommends integrating Bitcoin mining as a controllable load resource to ensure the reliability of the power grid. It is understood that ERCOT is an American organization responsible for operating the Texas power grid, which provides power to more than 25 million Texas customers, accounting for 90% of the state's power load.
11.
Bitmain launched the Antminer S21XP and S21XP Hydro at the World Digital Mining Summit in Las Vegas. The air-cooled S21XP has a hashrate of 270 TH/s and an energy efficiency of 13.5 J/TH. The S21XP Hydro is also equipped with water cooling and immersion cooling modes, which can increase the hashrate to 473 TH/s at an efficiency of 12 J/TH.
12.
The Bitcoin mining ecosystem fund Digital Polaris Investment SPC announced that it has fully commenced operations. It was founded by veteran mining industry figures Zhang Min and Xiao Guihua (Xiao Guihua), and is distributed by Mulan Investment Management Company, which holds Hong Kong licenses No. 1, 4, and 9. It is supervised by the Hong Kong Securities Regulatory Commission, has a lock-up period of 24 months, and can be subscribed through USD/USDT/USDC/mining machines. It is only issued to professional investors.
13.
CleanSpark, a US bitcoin mining listed company, has acquired a total of 60 megawatts (MW) of bitcoin mining farms in rural Georgia for $25.8 million. The company said in a statement that it has reached a final agreement to acquire five power plants. The cost per megawatt is $430,000. It is reported that the five power plants range in size from 8 MW to 15 MW and have signed interruptible load power purchase agreements.
14.
As North America enters summer and is accompanied by a heat wave, Bitcoin computing power growth is expected to slow in the coming months. Blockware Intelligence analysts said that the primary operational challenge facing Bitcoin miners is heat dissipation. In the summer, miners need more electricity to cool their machines, or shut down operations due to high demand for air conditioning by energy consumers. This seasonal phenomenon has led to a decline in computing power in the past two summers. According to the computing power index data, as of June 17, Bitcoin miner computing power fell 10% to 589 EH/s. (CoinDesk)
15.
Bitmain announced the release of the 40-foot integrated water-cooled container ANTSPACE HW5 and the 40-foot oil-cooled container MD5 and the upgraded version HK3. ANTSPACE MD5 is a one-stop solution for oil-cooled mining consisting of a 40-foot oil-cooled container and a 40-foot dry cooler placed on top of it. ANTSPACE HK3 was launched simultaneously with a variety of components, with a standard PTC heater to achieve fast preheating in low temperature environments; photovoltaic roof (Solar Roof), enclosed components (Air Conditioner) and sand cleaning components (Sand Filter), supporting 1.3MW heat dissipation requirements.
16.
Foundry announces the launch of its latest product suite designed for institutional cryptocurrency mining operations, including power supply units (PSUs), immersion optimization kits, and control boards. Foundry Hardware products are designed to optimize mining systems, improve uptime efficiency, and enhance long-term reliability. In addition to proprietary hardware, Foundry also provides OEM replacement parts procurement services for miners across North America.
17.
Bitcoin mining company Marathon Digital Holdings has announced a new 2 megawatt (MW) pilot project to use heat generated by Bitcoin mining operations to heat a community of 11,000 residents in Finland. The initiative is Marathon's first digital asset computing operation designed for a district heating solution. The project centers on heating water at a centralized location and distributing it to local areas through underground pipes. Marathon is exploring ways to monetize its computing power by generating recycled heat rather than relying on fossil fuels.
18.
Crypto mining company Hut 8 announced that it has received a strategic investment of US$150 million from Coatue, and the two parties will work together to build an artificial intelligence infrastructure platform. Coatue agreed to invest US$150 million in the company through convertible notes with an annual interest rate of 8.00% and an initial term of five years, with the option to extend up to three one-year terms. The note issuance is expected to be completed on or before July 11, 2024.
19.
Crypto mining company Marathon Digital (MARA) announced that it has launched Kaspa mining operations. Kaspa is an open source, decentralized and fully scalable Layer-1 protocol that uses proof of work as its consensus mechanism. Unlike Bitcoin, Kaspa uses BlockDAG (directed acyclic graph) and can generate multiple blocks at the same time. As of June 25, 2024, Marathon has mined 93 million KAS, currently worth about $15 million.
20.
Bitdeer announced that it has leased land for 30 years at the Hannibal Industrial Park owned by the Monroe County Port Authority in Clarington, Ohio, USA. The industrial park was previously an aluminum processing plant. Of the total power capacity of 570 megawatts stipulated in the agreement, the initial 266 megawatts are expected to be put into operation in the third quarter of 2025, and the remaining 304 megawatts are currently under review and will be formally included in the regional transmission planning process.
twenty one,
During the Mining Disrupt exhibition held in Miami from June 24 to 26, 2024, ElphaPex released a new generation of home mining machine, ElphaPex DG Home 1.0. It is reported that the specific parameters of this home water-cooled mining machine are: computing power: 2000M; power consumption: 620W; energy efficiency ratio: 0.31 J/M. It is expected to be launched in the fourth quarter of 2024. In addition, ElphaPex also gave a speech entitled "Alternative Revenue Strategies for Miners" and shared innovative revenue strategies.
