Latest news with #cryptoMining
Yahoo
10-07-2025
- Business
- Yahoo
Bit Digital CEO Shifts Entire Crypto Treasury to Ether
Lots of companies are copying Strategy's move to build a bitcoin treasury, Bit Digital is instead building a treasury of Ether. The crypto mining company sold its Bitcoin tokens to buy Ether. The company's shares are rallying around 90% in the past six sessions. Bit Digital CEO Samir Tabor joins Sonali Basak and Tim Stenovec on "Bloomberg Crypto".
Bloomberg
08-07-2025
- Business
- Bloomberg
Bit Digital CEO Shifts Entire Crypto Treasury to Ether
Lots of companies are copying Strategy's move to build a bitcoin treasury, Bit Digital is instead building a treasury of Ether. The crypto mining company sold its Bitcoin tokens to buy Ether. The company's shares are rallying around 90% in the past six sessions. Bit Digital CEO Samir Tabor joins Sonali Basak and Tim Stenovec on "Bloomberg Crypto". (Source: Bloomberg)
Reuters
07-07-2025
- Business
- Reuters
CoreWeave to buy crypto miner Core Scientific in $9 billion deal
July 7 (Reuters) - AI data center firm CoreWeave (CRWV.O), opens new tab said on Monday it would buy crypto miner Core Scientific (CORZ.O), opens new tab in an all-stock deal valued at about $9 billion. The offer represents a $20.40 per share value and implies a premium of nearly 66% to Core Scientific stock's close before potential deal talks were first reported. The deal is expected to close in the fourth quarter, and the final price will be determined at that time, the companies said.
CNA
07-07-2025
- Business
- CNA
CoreWeave to buy crypto miner Core Scientific in $9 billion deal
AI data center firm CoreWeave said on Monday it would buy crypto miner Core Scientific in an all-stock deal valued at about $9 billion. The offer represents a $20.40 per share value and implies a premium of nearly 66 per cent to Core Scientific stock's close before potential deal talks were first reported. The deal is expected to close in the fourth quarter, and the final price will be determined at that time, the companies said.
Crypto Insight
21-06-2025
- Business
- Crypto Insight
Norway's government explores crypto mining ban amid energy supply concerns
The government of Norway is considering a temporary ban on crypto mining in the country in an effort to 'free up power, network capacity and area for other purposes.' In a Friday notice, the Norwegian government said it would be conducting an investigation in autumn that could result in a temporary ban on crypto mining data centers. Officials said they had the authority to enforce such a ban under Norway's Planning and Building Act, which includes provisions on allocating energy. 'It is uncertain how big a problem crypto mining will become in Norway in the future,' the notice reads. 'The registration requirement in the new data center regulations will provide increased knowledge about the scope of data centers that mine cryptocurrency.' Like many countries in Europe, Norway's residents have faced increasing costs on electricity amid Russia's war with Ukraine and sanctions impacting the region's supply of oil and gas. Locals in Norway have previously petitioned for crypto mining operations to shut down over noise concerns. Mining bans proposed in response to environmental concerns, noise Norway would not be the first country to consider a ban on cryptocurrency mining. In January, Russia began imposing a ban in 10 regions as part of efforts to limit blackouts and reduce energy consumption. China, which had been one of the most significant sources of crypto mining before 2021, faced a blanket ban, which drove many operations to US states like Texas. Though lawmakers in the US government have spoken out against mining due to concerns over energy use, the practice is still legal in most jurisdictions and states, making the country one of the biggest contributors to the global Bitcoin hashrate. Source:
