Latest news with #Bitcoin-mining
Hindustan Times
13 hours ago
- Business
- Hindustan Times
Trump Mobile released, T1 phone to be launched Sept 2025
US President Donald Trump's organisation has announced the launch of 'Trump Mobile.' As per the announcement, this mobile service under the Trump organisation, signals an effort to court conservative consumers with a wireless service. The self-branded mobile service aims to present itself as an alternative to major telecom providers. Meanwhile the T1 phone, which will be the organisations smartphone launch, will be released in September 2025. As per the initial reports, Trump organisation's Trump mobile aims to provide users with various benefits. Some of these benefits are - Based on the announcement, Trump Mobile will plan to introduce many products under the wireless service. The president's organisation has also stated that it will launch phones made in the United States, in addition to operating Trump Mobile's call centres in the country. According to a public database, Bloomberg reported that DTTM Operations LLC, the entity that manages trademarks on behalf of the President, applied to use his name and the term T1 for telecom services. This request covered mobile phones, cases, battery charges and wireless telephone services. Trump Mobile is not the only service with the President's name. Earlier on, Trump's team announced its plans to launch a digital wallet to keep up with the cryptocurrency market. This digital wallet pitch followed the release of the president's NFT collection, memecoins issued by him and First Lady Melania Trump, a Trump-branded stablecoin and a new Bitcoin-mining firm.
Cision Canada
7 days ago
- Business
- Cision Canada
Compass Mining Launches New Brand Identity, Marking a New Chapter in Its Growth Journey
WILMINGTON, Del., June 10, 2025 /CNW/ -- Compass Mining, a leading provider of Bitcoin-mining hosting and operational services, today unveiled a complete brand refresh. The updates include a new logo, updated visual identity, and redesigned website. These changes reflect the company's growth and commitment to better serve its customers while retaining elements of Compass Mining's trademark. "Our new brand represents both where Compass Mining came from and where we are headed," said Paul Gosker, CEO of Compass Mining. "Since our founding, we have grown from a startup to a trusted infrastructure partner for miners around the world while sharpening our focus on customer satisfaction. This visual refresh signals that evolution and is reinforced by the faster, more effective customer support our team now delivers." As part of Compass Mining's renewed commitment to customer satisfaction, the company's customer-support team now answers inquiries in an average of six minutes, resolves most issues in under twenty minutes, and fully resolves eighty percent of tickets with a single reply. The new brand identity, which includes a simplified and modernized logo, is now live across all Compass Mining platforms. It replaces legacy branding on digital and physical assets. Compass Mining filed the new mark with the U.S. Patent and Trademark Office on April 11, 2025, securing protection of the company's intellectual property. "With this rebrand, our goal was to signal strength, clarity, and maturity," added Gio Torres, Principal Designer at Compass Mining. "The new logomark unifies the 'C' and 'M' into a single continuous form inspired by the blockchain's virtual structure. It is designed to communicate forward motion, trust, and a deep commitment to the industry's future." Visitors to will notice a redesigned website that offers streamlined navigation, a mobile-first layout, and expanded educational resources to help miners of every size make informed decisions. Compass Mining encourages stakeholders to update any saved assets, presentations, or press materials with the new brand. Detailed brand guidelines are available upon request at [email protected]. About Compass Mining Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for Bitcoin-mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit
Yahoo
06-05-2025
- Business
- Yahoo
House Democrats storm out of cryptocurrency hearing, alleging Trump 'corruption'
House Democrats, led by Rep. Maxine Waters, D-Calif., walked out of a joint hearing of the Agriculture and Financial Services committees. Within seconds of Crypto Subcommittee Chairman Rep. Bryan Steil, R-Wis., calling the meeting to order, Waters rose to object. She was asked multiple times to explain her objection, and eventually said it was "because of the corruption of the president of the United States and his ownership of crypto and his oversight of all the agencies." President Donald Trump and Rep. Maxine Waters (D-Calif.). Trump's Crypto Czar Decries Government's Lack Of Bitcoin 'Long-term Strategy' Waters and the Democrats objected to the hearing based on concerns about President Donald Trump's cryptocurrency ventures, which include his meme coin and World Liberty Financial, according to the Hill. The congresswoman also expressed concerns about Trump's family's involvement in crypto, including his sons' launch of a Bitcoin-mining company. When Waters, who serves as ranking member of the Financial Services Committee, opened the "shadow hearing," she accused Republicans of "legitimizing" Trump's alleged "corruption." "…our Republican colleagues refused to address the unprecedented conflicts of interest presented by President Donald Trump and his family. I am deeply concerned that Republicans aren't just ignoring Trump's corruption—they are legitimizing Trump's and his family's efforts to enrich themselves on the backs of average Americans. Through his crypto business, Trump has turned the office of the presidency into a personal moneymaking machine," Waters said in her opening remarks. She later went on to accuse Trump of undermining democracy. Read On The Fox News App Rep. Maxine Waters, a Democrat from California and ranking member of the House Financial Services Committee, during a hearing in Washington, D.C., on Wednesday, June 12, 2024. Trump Crypto Chief Says We Are In The 'Golden Age' For Digital Assets, 'Clearing The Deck' Of Biden Barriers Waters also criticized Trump's creation of a Strategic Bitcoin Reserve, which she claimed was a method of using taxpayer resources to boost the value of the president's cryptocurrency. The Democrats' hearing featured a panel that included Chastity Murphy,, a former economic policy advisor for Rep. Rashida Tlaib, D-Mich.; Timothy Massad, director of the Digital Assets Policy Project at the Harvard Kennedy School; and Mark Hays, associate director for Cryptocurrency and Financial Technology at Americans for Financial Reform. The three panelists largely criticized Trump and Republicans' handling of the cryptocurrency industry. However, they all emphasized the need for stronger regulation—a topic that was intended to be the focus of the original joint hearing. Bitcoin blockchain E-commerce concept on a screen. House Financial Services Committee Chairman Rep. French Hill, R-Ark., responded to Waters' objection to the hearing with a statement. "Committee Republicans on Financial Services and the House Committee on Agriculture will continue to work with legislators on both sides of the aisle who are serious about creating a lasting framework that protects Americans, encourages innovation, and brings digital asset leadership back to the U.S." On Monday, the Financial Services Committee released a discussion draft of a bill to establish a regulatory framework for digital assets in the U.S. The committee is looking to lay out "clear regulations" for the industry and prevent "bad actors" from thriving. "By providing strong safeguards and long-overdue regulatory certainty, the discussion draft advances President Trump's vision to make the U.S. the 'crypto capital of the world' and reinforces America's leadership in the global financial system," the committee's one-pager reads. Original article source: House Democrats storm out of cryptocurrency hearing, alleging Trump 'corruption'
Russia Today
31-03-2025
- Business
- Russia Today
Trump sons join new crypto venture
US President Donald Trump's two oldest sons are investing in a major Bitcoin-mining company, the Wall Street Journal reported on Monday. The Trumps have increasingly aligned themselves with the crypto industry through new ventures, investments, and public endorsements in recent months. According to the WSJ, Eric Trump and Donald Trump Jr. plan to merge their company, American Data Centers, with a new mining venture called American Bitcoin, which is majority-owned by Hut 8, a publicly traded crypto infrastructure company. The deal will reportedly give the Trump brothers a 20% stake in the combined entity. Eric, who will serve as American Bitcoin's chief strategy officer, told the WSJ: 'We are a hard-asset family,' adding, 'My entire life has been spent building things, and I don't think there is ever a better hedge against all of that than the true digital assets.' Miami-based Hut 8 will transfer nearly 61,000 of its specialized mining machines to American Bitcoin in exchange for an 80% stake in the new company, according to the report. Hut 8 said in a press release on Monday that no cash changed hands in the deal. American Bitcoin aims to become the world's largest Bitcoin miner and build a strategic Bitcoin reserve, Hut 8 said. Executives behind the venture said the plans are not connected to the US strategic crypto reserve established by President Trump earlier in March by executive order. Read more Trump launches 'digital Fort Knox' Once a crypto critic, Donald Trump changed his position during the 2024 presidential campaign, attracting significant industry support. Since returning to the White House, he has pledged to make the US the 'crypto capital of the world' and to serve as a 'crypto president.' The administration of former President Joe Biden took a more cautious approach to digital assets, supporting stricter regulations and greater oversight to curb fraud and money laundering. In recent months, the Trump family launched a decentralized finance project – World Liberty Financial – and said their social media company would invest in Bitcoin and other digital assets. They also announced plans for a dollar-backed stablecoin. Some crypto industry figures have reportedly expressed concern that the Trumps could undermine US market credibility after launching highly volatile meme coins featuring the president and his wife Melania.
Wall Street Journal
26-01-2025
- Business
- Wall Street Journal
マイクロストラテジーのBTC投資、意外な支援者たち
マイケル・セイラー氏と同氏率いる米ソフトウエア会社マイクロストラテジーは暗号資産（仮想通貨）ビットコインに大きく賭けている。その上位支援者には意外にも、保険会社や投資信託といった通常は保守的な債券投資家が名を連ねている。 マイクロストラテジーはビットコインの「クジラ（大口保有者）」となり、現在の保有額は約480億ドル（約7兆5000億円）相当に上る。これらの購入資金の一部は転換社債の発行によって調達された。 Michael Saylor and his company MicroStrategy are making a massive bet on bitcoin. Their biggest backers include an unlikely group of insurance companies, mutual funds and other usually conservative bond investors. The software company turned itself into a bitcoin whale and now owns about $48 billion of the cryptocurrency. It funded those purchases partly by selling convertible bonds—debt that can eventually be converted into shares, if the stock price rises to a specified level. Last year alone, MicroStrategy issued $6.2 billion of convertible debt—the most ever issued by a single company in a calendar year, according to Bank of America. Perhaps most surprising: MicroStrategy's most recent convertible bonds promise investors no interest and require the stock to climb 55% before converting into shares. Yet demand from investors has been rabid. Allianz Global Investors, the investment-management arm of German insurance company Allianz, and its strategic partner, Voya Investment Management, own about a quarter of a recent MicroStrategy convertible-bond issuance. Calamos Investments and State Street also are big holders of the convertible bonds. None of the four firms are known for their big bitcoin bets or other risky wagers. So why are they gobbling up MicroStrategy's zero-coupon, unsecured bonds? For some, the answer is found in the bonds' performance and promise. For others, it is part of a complex trading strategy that benefits from the stock's volatility. But many other investors explain their purchases of MicroStrategy's convertible bonds simply: They believe in bitcoin, and these investments are slightly safer than buying the coin or MicroStrategy shares because debtholders would stand to make some recovery even if MicroStrategy failed. 'You can look at it as a chicken way to play bitcoin,' said Eli Pars, co-chief investment officer of Calamos Investments, which owns roughly $456 million of MicroStrategy's convertible bonds based on current prices and recent filings. 'But if you don't think bitcoin has got a chance to go up, then you probably don't want to be in any of MicroStrategy's capital structure,' he says. More crypto companies have begun to adopt MicroStrategy's playbook. Crypto-linked companies issued more than $14 billion of convertible bonds globally last year, according to Michael Youngworth, head of global convertibles strategy at BofA Securities. Bitcoin-mining company MARA, for one, raised more than $2 billion. Wall Street firms are already searching for different ways to capitalize on the popularity of what they have dubbed bitcoin bonds. Strive, a money manager co-founded by entrepreneur Vivek Ramaswamy, filed in late December for an exchange-traded fund that would hold convertible debt securities issued by MicroStrategy and companies with similar strategies. Thanks to bitcoin's monster rally over the past two years, the convertible bonds have mostly outperformed the broader market, with some generating returns of more than 100% since issuance. Competition is vicious among traders in the bond market, where even a few hundredths of a percentage point can be the difference between a big bonus and a pink slip. Bitcoin prices have soared 145% since the end of 2023. MicroStrategy shares have climbed even faster, rising about 450%. The stock is trading at roughly twice the value of the bitcoin it holds. Bitcoin skeptics say MicroStrategy is playing with fire and its stunning run is part of a broader investor euphoria for speculative assets that will inevitably collapse. Beyond betting big on bitcoin—a notoriously volatile asset prone to furious rallies and spectacular crashes—they caution that other big convertible-bond issuers, including Enron and WorldCom, have ended up in bankruptcy. MicroStrategy isn't done yet. The company is expected to issue an additional $18 billion of debt as part of its plan to raise $42 billion to fund its bitcoin purchases over three years. Some investors, including Allianz, were buyers of MicroStrategy's convertible bonds years ago and scored big profits. Others have been buying the bonds simply because MicroStrategy makes up 3.6% of the ICE BofA All US Convertibles Index that they are judged against. Hedge funds like MicroStrategy debt because it allows them to execute complex trading strategies, such as buying the company's convertible bonds while betting against its stock, a tactic that benefits from volatility. MicroStrategy's volatility lends itself well to the hedging strategy, known as convertible arbitrage. In such trades, investors buy the bonds and sell the shares short, betting that the underlying stock remains volatile. The more the stock sways, the more profitable the strategy becomes. That is because a convertible bond is a hybrid security composed of a bond and a call option that confers the right to convert the bond into stock at a specific price. 'The owner of a convertible bond is long the option, so they are always selling when the stock goes higher and buying when the stock goes lower to stay hedged,' said James Buckham, co-chief investment officer at Wellesley Asset Management, of the arbitrage strategy. His firm, which specializes in convertible-debt investing, doesn't own any MicroStrategy bonds because of the high risks they carry. Some bankers and advisers say the convertible-bond market is experiencing crypto indigestion after a flurry of deals last year. Bitcoin's volatility has declined as its price has moved higher. Prices of MicroStrategy's most recent $3 billion convertible bonds due in 2029 have fallen sharply over the past two months, while the company's shares have fallen about 20% from their record high in November. 'The market is still digesting the crypto-converts wave that came in the fourth quarter,' said Bryan Goldstein, who runs the convertible practice at the advisory firm Matthews South. 'I don't think that it will continue with the same intensity, but there is definitely still a bid in the market for appropriately priced deals.' Write to Vicky Ge Huang at and Gregory Zuckerman at
