Deal could be a profit-sharing partnership with Bitmain
Deal comes over a year after Argo sold flagship Helios site for $65 million
Jihan Wu's Bitdeer leveling up the competition against Bitmain's BitFuFu with proprietary ASIC push
FUFU made $134 million in revenue in the first half of 2023. $87 million of that was paid to Bitmain.
Top three miners have raised $1.6b since October via stock offerings
Marathon previously paid $15 million to Auradine, securing rights to buy future stocks of its Teraflux miners.
Bitcoin miners said to account for 95% of the Large Flexible Loads in Texas
Hut 8 is set to make use of the 9,000 bitcoin on its balance sheet to fund its near-term growth
Related party transactions said to total $1.3 million in Q3
$191 million has been paid to MicroBT as of Dec. 31
Industry group accuses the Department of Energy of being "sloppy," "contrived" and "invasive."
CleanSpark, Iris Energy, HIVE raised $210M+ since New Year