CryptoNewsBreaks

TuesdayDec 13, 2022 10:42 am

CryptoNewsBreaks – BIT Mining Limited (NYSE: BTCM) to Implement ADS Ratio Change

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, has announced that it plans to change the ratio of its American Depositary Shares (“ADSs”) to its Class A ordinary shares (the “ADS Ratio”), par value US$0.00005 per share. The change is from the current ADS Ratio of one (1) ADS to ten (10) Class A ordinary shares, to a new ADS Ratio of one (1) ADS to one hundred (100) Class A ordinary shares (the “ADS Ratio Change”). BIT Mining anticipates that the ADS Ratio Change will be effective on or about Dec. 23, 2022. For holders, the ADS…

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MondayDec 12, 2022 1:28 pm

CryptoNewsBreaks – Tingo Inc. (TMNA) Partners with DMCC to Unveil Global Commodity Platform and Export Business

Tingo (OTC: TMNA), a leading agri-fintech business in Africa and a wholly owned subsidiary of MICT Inc. (NASDAQ: MICT), has partnered with the Dubai Multi Commodities Centre to launch a global commodity platform and export business. According to the announcement, Tingo Mobile’s strong relationships and trade deals with numerous Nigerian and Ghanian farming cooperatives and associations provides the group with access to substantial quantities of agricultural produce for export; that produce includes wheat, millet, cassava, ginger, cashew nuts, cocoa and cotton. A leading center of international trade and the world’s No. 1 Free Trade Zone, the DMCC reported more than 21,000…

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FridayDec 09, 2022 2:27 pm

CryptoNewsBreaks – IBN, Upstream Enter Strategic Media Collaboration

IBN (“InvestorBrandNetwork”), an innovative corporate communications firm and content syndication platform, today announced a collaboration with Upstream, the revolutionary trading app for digital securities and NFTs powered by Horizon Fintex (“Horizon”) and MERJ Exchange Limited (“MERJ”). According to the announcement, the collaboration intends to raise visibility for the influx of issuers listing on Upstream’s blockchain-powered market. “Upstream has seen an uptick in dual listing applications from NASDAQ, NYSE, OTC, and other international issuers eager to access a global audience who can trade U.S. equities using digital currency and other streamlined payment methods,” said Mark Elenowitz, co-founder of Upstream. “Collaborating with…

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FridayDec 09, 2022 1:29 pm

CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA) Issues November 2022 Production Update

HIVE Blockchain Technologies (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA) today announced production figures from the company’s global bitcoin operations for the month of November 2022. Among the highlights, HIVE reportedly produced 264 bitcoin in the month of November, from ASIC and GPU mining operations, with a monthly average hashrate of 2.51 exahash, representing an average of 105 bitcoin per exahash. “In November, we continued to face several external macro forces, which increased market turbulence due to the contagion concerns caused by the FTX implosion, rising interest rates and pronouncements by various governments on energy concerns,” said Darcy Daubaras, CFO of…

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ThursdayDec 08, 2022 12:08 pm

CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Announces Q3 2022 Financial Results

Bit Digital (NASDAQ: BTBT), a digital asset mining company headquartered in New York City, has announced its unaudited financial results for the third quarter ended Sept. 30, 2022. Among the highlights, the company reported $9.1 million in bitcoin mining revenue for the third quarter and $164.7 million in total assets as of Sept. 30, 2022. “We are pleased to report that Bit Digital produced 429 bitcoin during the third quarter of 2022, representing sequential growth of over 115% over the second quarter. This growth highlights our continued progress as our active hash rate increased to 1.35 EH, compared to 0.75…

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WednesdayDec 07, 2022 11:34 am

CryptoNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Reports Numbers for November 2022 Bitcoin Production, Mining Operation Numbers

Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the Bitcoin ecosystem, has released unaudited Bitcoin (“BTC”) production and miner installation updates for November 2022. According to the announcement, the company produced 472 Bitcoin during the month, bringing the total to date for the quarter to 1,087. In addition, the company reported that, as of Nov. 30, 2022, it had increased its unrestricted cash to $61.7 million and unrestricted Bitcoin holdings to 4,200 Bitcoin. The company also noted that it is consistently working to execute on its strategy to improve how efficiently it converts electricity into value, including recently…

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TuesdayDec 06, 2022 11:38 am

CryptoNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Issues November 2022 Production Update

Bit Digital (NASDAQ: BTBT), a digital asset mining company headquartered in New York, has announced its unaudited bitcoin production and corporate updates for the month of November 2022. Among the highlights the company reportedly earned 144.1 bitcoins, a 5% decrease compared to the prior month. The decline is attributed to an increase in network difficulty. In addition, Bit Digital owned 38,593 bitcoin miners and 730 ethereum miners as of Nov. 30, 2022, with an estimated maximum total hash rate of 2.7 exahash (“EH/s”) and 0.3 terahash (“TH/s”), respectively. Of the company’s bitcoin mining fleet, 39% (14,978 bitcoin miners representing 1.40…

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MondayDec 05, 2022 12:50 pm

CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Achieves New Record for Total Hash Rate Capacity in November 2022

Riot Blockchain (NASDAQ: RIOT), an industry leader in bitcoin (“BTC”) mining and data center hosting, today announced unaudited production and operations updates for November 2022. Among the highlights, the company reported that it produced 521 BTC, an increase of approximately 12% as compared to November 2021 production of 466 BTC. In addition, Riot had deployed a fleet of 72,428 miners, with a hash rate capacity of 7.7 exahash per second (“EH/s”), as of Nov. 30, 2022. “Riot again achieved a new record for total hash rate capacity during the month of November, resulting in our highest monthly bitcoin production figure…

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FridayDec 02, 2022 11:53 am

CryptoNewsBreaks – Creator of Litecoin Featured in CryptoCurrencyWire Audio Production

The Litecoin Foundation, a non-profit organization focused on promoting the adoption, education and development of Litecoin, was featured in the latest CryptoCurrencyWire Audio Production, a part of IBN’s (InvestorBrandNetwork) sustained effort to provide specialized content distribution via widespread syndication channels. Charlie Lee, creator of Litecoin and director of the Litecoin Foundation, joined the program to discuss recent endeavors as well as volatility of the crypto space and how Litecoin has maintained a strong position in the market. “One of the reasons [for Litecoin’s longevity] is its fair launch. There was no ICO. It was launched publicly. I had to mine…

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ThursdayDec 01, 2022 2:26 pm

CryptoNewsBreaks – Tingo Inc. (TMNA) Operating Business, Assets Acquisition by MICT Completed

Tingo (OTC: TMNA), a leading agri-fintech business in Africa, has been acquired by MICT Inc. (NASDAQ: MICT); the transaction was completed today. According to the announcement, the agreement includes 100% ownership of Tingo Inc.’s operating business and assets, specifically its subsidiary, Tingo Mobile Limited; 100% consolidation of Tingo Mobile’s revenues and income; 100% consolidation of Tingo Mobile’s balance sheet; and the opportunity to “globalize and dollarize an already established rapidly growing and highly scalable fintech and agri-fintech business.” The transaction included MICT issuing 19.9% of its common stock to Tingo, together with Series A Preferred Stock and Series B Preferred Stock, each of which are…

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