CryptoNewsBreaks Archive - Page 35 of 134

WednesdayJul 13, 2022 2:46 pm

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

Bit Digital (NASDAQ: BTBT), a digital asset mining company headquartered in New York, has announced its unaudited bitcoin and ethereum production and corporate updates for the month of June 2022. According to the announcement, the company earned 67.6 bitcoins and 0.0 ETHs in June 2022. In addition, on June 30, 2022, Treasury holdings of BTC and ETH were 860.7 and 313.6, with a fair market value of approximately $17.0 million and $0.3 million, respectively. As of June 30, 2022, the company owned 38,135 bitcoin miners and 731 ethereum miners with an estimated maximum total hash rate of 2.7 EH/s and…

TuesdayJul 12, 2022 4:29 pm

CryptoNewsBreaks – BIT Mining Limited (NYSE: BTCM) Announces Sale of Shares to Devote Resources More Extensively to North American Market

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced its entry into a share sale and purchase agreement with an unaffiliated third party (the “buyer”). Under the agreement, the company agreed to sell and the buyer agreed to purchase approximately 51% of the total issued share capital of Loto Interactive Limited, representing 279,673,200 shares of Loto Interactive, each at the price of HK$0.28, for the total consideration of HK$78,308,496 (the “transaction”). Upon closing of the transaction, the company’s share ownership in Loto Interactive will decrease to 8.79%. “Following our strategy to focus on developing in the U.S.,…

TuesdayJul 12, 2022 2:40 pm

CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Encourages Stockholders to Vote at Upcoming AGM

Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin mining and hosting, is encouraging stockholders to vote for Proposal No. 4 during the upcoming Annual General Meeting. The recommendation comes from both Institutional Shareholder Services (“ISS”) and Glass, Lewis & Co., leading independent proxy advisor firms that provide voting recommendations to institutional investors. Stockholders are encouraged to vote in one of three ways: before or during the meeting by internet, by mail, or by dialing 1-866-620-9211 or 1-800-690-6903. The voting deadline is July 26, 2022, at 11:59 p.m. ET, and stockholders are encouraged to vote well in advance. Proposal No.…

MondayJul 11, 2022 12:34 pm

CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Announces Bitcoin Donation Drive to No Kid Hungry in Appreciation of Stockholder AGM Participation

Riot Blockchain (NASDAQ: RIOT) is an industry leader in Bitcoin (“BTC”) mining and hosting. On Friday, the company announced that, to express its appreciation for stockholder participation, Riot will make a charitable donation of $1.00 in Bitcoin to No Kid Hungry on behalf of every unique stockholder that votes for matters pertaining to Riot’s upcoming annual general meeting of stockholders (“AGM”). The announcement provided instructions for shareholders to vote by internet, phone or mail and indicated that votes will not only be used to determine important business decisions but to contribute to a great cause. In the U.S., as many…

FridayJul 08, 2022 2:35 pm

CryptoNewsBreaks – LQwD FinTech Corp.’s (TSX.V: LQWD) (OTCQB: LQWDF) Direct Relationship with Visa Offering ‘Big Benefit’

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network, is leveraging the LN’s technological advantage to drive bitcoin adoption and facilitate transactions worldwide. “The blockchain infrastructure cannot facilitate fast transaction speeds on its own. Currently, the infrastructure can only accommodate seven transactions per second (‘TPS’). Other cryptocurrencies offer a TPS ranging from 20 to 4,000, with major network Visa handling up to 24,000 TPS. As a layer 2 protocol, the Lightning Network can speed up transaction times, offering over one million TPS. LQwD is leveraging this technological advantage…

FridayJul 08, 2022 10:50 am

CryptoNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Issues June 2022 Bitcoin Production, Mining Operation Updates

Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the bitcoin ecosystem, has published unaudited bitcoin (“BTC”) production and miner installation updates for June 2022. Among the highlights, the company reportedly produced 707 BTC in Q2 2022, up 8% year-over-year from Q2 2021, and now holds 10,055 BTC directly. “In the second quarter, we continued to work through several operational obstacles as we progressed with installing miners in Texas in preparation of energization,” said Fred Thiel, Marathon’s chairman and CEO. “In April and May, our bitcoin production was impacted by ongoing maintenance issues at the power generating facility…

ThursdayJul 07, 2022 11:40 am

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

HIVE Blockchain Technologies (NASDAQ: HIVE) (TSX.V: HIVE) (FSE: HBFA) today announced production figures from the company’s global Bitcoin and Ethereum mining operations for the month of June 2022, with a BTC HODL balance of 3,239 Bitcoin and 7,667 Ethereum as of July 6, 2022. “HIVE is experienced in managing the recent volatility since we were the first digital asset mining company to go public in 2017 and have experienced both price surges and massive downdrafts or ‘crypto winters’ before and have strived to maintain a strong balance sheet of Bitcoin and Ethereum, which is completely unlevered. The company maintains its…

WednesdayJul 06, 2022 1:06 pm

CryptoNewsBreaks – Riot Blockchain Inc. (NASDAQ: RIOT) Issues Update for June 2022 Production, Operations

Riot Blockchain (NASDAQ: RIOT), an industry leader in Bitcoin (“BTC”) mining and hosting, today released a production and operations update for June 2022. Among the highlights, the company reported production of 421 BTC in June 2022, an increase of approximately 73% as compared to June 2021 production of 243 BTC. “We are pleased to report that during the month of June, we achieved full operation of all 23,000 S19 series miners in the first immersion-cooled building at our Whinstone Facility, Building F,” said Jason Les, CEO of Riot. “We initially conceived of plans for this immersion-cooled building just twelve months…

WednesdayJul 06, 2022 1:01 pm

CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) Shares Update on Completion of Annual Filings

HIVE Blockchain Technologies (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) expects to file its annual report on Form 40-F, which contains its annual audited financial statements, along with its CEO and CFO certifications and management discussion and analysis filing, after the scheduled filing date of June 29, 2022; the reports are for the fiscal year ended March 31, 2022. According to the announcement, HIVE intends to file the required documents on or before July 15, 2022. As a result of the delayed filing, the company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market. The July 1,…

WednesdayJul 06, 2022 12:27 pm

CryptoNewsBreaks – PIXELYNX Announces Veteran Gaming, Creative and Music New Hires

PIXELYNX, the music metaverse(TM) platform founded by groundbreaking electronic musicians and technology visionaries Joel Zimmerman aka deadmau5 and Richie Hawtin aka Plastikman, today announced several new hires made up of veterans in the gaming, creative and music industries. In addition to the new hires, PIXELYNX also welcomes Richard Sanders as group strategy advisor, a key member of the PIXELYNX Advisory Board. “All five new PIXELYNX hires, along with Richard Sanders, bring with them crucial skills and forward-thinking approaches to technology, gaming, Web3, music and business,” said PIXELYNX Co-founder and CEO Inder Phull. “With their many years of experience working for…

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