CryptoNewsBreaks Archive - Page 36 of 136

TuesdayJul 26, 2022 1:09 pm

CryptoNewsBreaks – BIT Mining Limited (NYSE: BTCM) Completes Sale of Shares of Loto Interactive

BIT Mining (NYSE: BTCM), a leading technology-driven cryptocurrency mining company, today announced that it has completed its sale of 279,673,200 shares of Loto Interactive Limited. The shares sold at the price of HK$0.28 each for a total consideration of HK$78,308,496 in cash (the “transaction”). According to the update, BIT Mining’s ownership of Loto Interactive decreased to 8.79% upon completion of the transaction. To view the full press release, visit https://ccw.fm/BFXNK About BIT Mining Limited BIT Mining is a leading technology-driven cryptocurrency mining company with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining…

WednesdayJul 20, 2022 2:23 pm

CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) Releases Financial Report Showing Record Annual Revenue, Earnings

HIVE Blockchain Technologies (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) is reporting is financial and corporate results for the full fiscal year ended March 31, 2022. Highlights of the report include revenue reaching $211.2 million, a 212% increase from the prior year; record net income of $79.6 million, up from $24.1 million last year; and growth of basic income per share from 191% to $1.02 from $0.35 during the prior year. The report also noted that gross mining margin expanded to $163.9 million, up from $51.1 million the previous year. According to the company, the gains in revenues and earnings are a…

WednesdayJul 20, 2022 2:12 pm

CryptoNewsBreaks – Coinbase Global Inc. (NASDAQ: COIN) Schedules Release of Q2 2022 Financial Results, Earnings Call

Coinbase (NASDAQ: COIN) has announced that it will publish its second quarter 2022 shareholder letter, including financial results, on its Investor Relations website after market close on Tuesday, Aug. 9, 2022. In addition, at 2:30 p.m. PT on Aug. 9, the company will hold a question and answer session to discuss its financial results. Starting at 9:00 a.m. PT on Aug. 2, shareholders will be able to visit https://ccw.fm/Ha7Nu and submit and upvote questions for Coinbase management. The Q&A platform will remain open until 24 hours before the earnings call. Interested parties should visit https://ccw.fm/orZGu to register for the webcast.…

WednesdayJul 20, 2022 11:59 am

CryptoNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Arranges for 254 MW of Hosting Arrangements with Options to Expand

Marathon Digital Holdings (NASDAQ: MARA), a leader in supporting and securing the Bitcoin ecosystem, has made arrangements with a variety of hosting providers to secure an estimated 254 megawatts (“MW”) of new hosting arrangements for its Bitcoin mining operations; arrangements include options to increase that amount to 324 MW. Hosting providers include Applied Blockchain Inc. (NASDAQ: APLD) and Compute North, with APLD agreeing to supply 200 MW of hosting, with an option to increase that amount to 270 MW. Applied Blockchain will provide hosting at its Texas and North Dakota facilities. Marathon now has hosting arrangements in place to support its…

TuesdayJul 19, 2022 12:29 pm

CryptoNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Inks Five-Year Hosting Agreement with Applied Blockchain

Marathon Digital Holdings (NASDAQ: MARA) is partnering with Applied Blockchain Inc.(NASDAQ: APLD) to host Bitcoin miners. The five-year hosting contract, which calls for 200 megawatts (“MW”) of Bitcoin mining capacity, notes that APLD will provide comprehensive hosting services for MARA’s Bitcoin miners at Applied Blockchain’s owned and operated cohosting data centers. A builder and operator of next-generation data centers across North America, Applied Blockchain has partnered with some of the most recognized names in the industry to develop, deploy and scale businesses. APLD management called the multiyear agreement a “significant step forward in Applied Blockchain’s growth trajectory,” noting that demand for the…

TuesdayJul 19, 2022 11:23 am

CryptoNewsBreaks – LQwD Fintech Corp. (TSX.V: LQWD) (OTC: LQWDF) Announces Appointment of New CTO

LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a company focused on building infrastructure on the Bitcoin Lightning Network global micropayment system, has named a new chief technology officer. A senior software architect and Bitcoin expert, Aziz Pulatov has accepted the new position; Pulatov is also a senior devops engineer and Amazon Web Services-certified sysops administrator. In conjunction with the new appointment, LQwD noted that Albert Szmigielski had resigned from his position as chief technology officer; Szmigielski will serve as a strategic advisor to the company. “LQwD's management and board of directors would like to sincerely thank Mr. Szmigielski for his many contributions…

FridayJul 15, 2022 11:57 am

CryptoNewsBreaks – LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Moving to Become Top Liquidity Service Provider on Lightning Network

LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a company focused on developing institution-grade payment infrastructure, liquidity and solutions for the Lightning Network, currently has active nodes spanning 17 countries. “LQwD’s mission is to offer platform-as-a-service (‘PaaS’) for the Lightning Network nodes and payment channels, be a network service provider that offers routing and liquidity services, and accumulate Bitcoin as a treasury reserve asset for staking and liquidity. The company’s flagship PaaS offering, https://lqwd.tech/, was released in November 2021. The PaaS features a sophisticated backend functionality and was designed to be scalable and flexible, positioning needed for the growth of the network,”…

ThursdayJul 14, 2022 11:03 am

CryptoNewsBreaks – HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) Releases Update Regarding Delayed Annual Filings

HIVE Blockchain Technologies (TSX.V: HIVE) (NASDAQ: HIVE) (FSE: HBF) is sharing an update regarding the status of its audited financial statements for the year ended March 31, 2022, as well as its CEO and CFO certifications, and management discussion and analysis for the same period. HIVE reports that the company is working diligently with its auditors to complete the required filings and plans on filing the documents on or before July 18, 2022. According to the update, HIVE notes that there has been “no material change in the information contained in the default announcement issued on June 29, 2022, and there is…

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.,…

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