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Mining

Canaan raised $200 million to expand mining in North America

The company received $100 million from an investor and expects another $100 million upon meeting certain conditions. The funds will [...]

Stone Ridge Accuses Mawson of Stealing Over 20,000 ASIC Miners

Stone Ridge, the parent company of NYDIG, has filed a lawsuit against Mawson Infrastructure, accusing it of illegally seizing $30 [...]

Ethiopia Invests $1 Billion in Bitcoin Mining

Ethiopia invested $1 billion in bitcoin mining in 2024, using its surplus hydroelectric power to mine cryptocurrency. The country signed agreements with 25 companies, attracting[...]

Bitcoin outperformed mining stocks in returns in 2024

In 2024, Bitcoin grew by 133.3%, rising from $40,000 to $108,309. However, not all mining companies were able to profit. Out of the top 25,[...]

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