Tag: Bitcoin Mining
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Poolin’s Bankruptcy Sale: What Hut 8’s Terms for Two Texas Sites Show
Bitcoin miner Poolin filed for Chapter 11 bankruptcy in the US and plans to auction its Texas mining assets to cover roughly $173 million in debt.
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Hut 8’s Second $9.8 Billion Beacon Point Lease: What the Release Shows
Hut 8, a publicly traded Bitcoin mining company, saw its share price jump on Monday after news broke of a data center agreement tied to AI compute demand, valued at roughly $9.8 billion, according to Bitcoin Magazine.