Bitmain

Future FinTech Enters into New Bitcoin Mining Hosting Agreement for its Cryptocurrency Farm in Norwalk, Ohio

Retrieved on: 
Tuesday, April 30, 2024
Agreement, Electricity, Bitmain, Good, Fintech, Mining, Calendar, Cryptocurrency

The final calculation of the total server load will be based on the actual number of Bitcoin miner installations.

Key Points: 
  • The final calculation of the total server load will be based on the actual number of Bitcoin miner installations.
  • Mr. Sean Liu, General Manager of FTFT SuperComputing, said, "We are pleased to have entered into this agreement with Tech Solution to provide them with our hosting services and the power supply for them to engage in Bitcoin mining on our cryptocurrency mining farm in the Ohio.
  • We believe that we provide cost efficiency, infrastructure, security, and the expertise and support necessary to ensure efficient Bitcoin mining and mutual success in this endeavor."
  • We believe that our hosting services for the mining farm will be successful and generate a substantial return on our investment."

CleanSpark Exceeds 17 EH/s, Exercises and Upgrades Previously Announced Option for 100,000 Bitcoin Mining Machines

Retrieved on: 
Friday, April 12, 2024
Bitcoin, S21, LAS, Growth, Bitmain, Cryptocurrency

LAS VEGAS, April 12, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today announced it has exceeded 17 exahashes per second (EH/s) of operating hashrate and has exercised its option to purchase 100,000 Bitmain S21 Pros, or 23.4 EH/s of machines.

Key Points: 
  • The machine purchase is an amendment to an existing agreement with Bitmain announced earlier this year .
  • The amendment allowed the Company to purchase the S21 Pro model instead of the S21.
  • This is good not only for CleanSpark and our shareholders, but for the entire bitcoin network.
  • CleanSpark is among the largest publicly traded bitcoin miners in the world, consistently outpacing its peers in terms of bitcoin produced per exahash of operating hashrate, according to publicly available data .

LM Funding to Take Early Delivery of 300 S21 Bitmain Mining Machines in Advance of 2024 Bitcoin Halving Event

Retrieved on: 
Friday, March 15, 2024
S21, Bitmain, Mining, Cryptocurrency

TAMPA, FL, March 15, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the “Company") a cryptocurrency mining and technology-based specialty finance company, today announced that it will take early delivery of the previously announced purchase of 300 Bitmain S21 Antminer machines.

Key Points: 
  • TAMPA, FL, March 15, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the “Company") a cryptocurrency mining and technology-based specialty finance company, today announced that it will take early delivery of the previously announced purchase of 300 Bitmain S21 Antminer machines.
  • The S21 is a high efficiency, high hash rate machine mining SHA-256 algorithm manufactured by Bitmain that generates a hash rate of 200 TH/s with a power consumption of 3,500 W.
    Bruce M. Rodgers, Chairman and CEO of LM Funding, commented, “We are pleased that we will be able to take delivery of the S21s earlier than originally expected, by the end of March.
  • We plan to locate, energize, and commence mining with these new machines by early April, which will increase the Company’s mining capacity to 673 PH.
  • The S21s will be leading producers through this year’s halving event and contribute to long-term revenue growth leading up to and beyond the subsequent halving event expected to occur in 2028.”

Future FinTech Enters into Bitcoin Mining Hosting Agreement for its Cryptocurrency Farm in Norwalk, Ohio

Retrieved on: 
Tuesday, March 26, 2024
Bitcoin, Agreement, Bitmain, Fintech, Mining, Calendar, Good, Kilowatt-hour, Cryptocurrency

The final calculation of the total server load will be based on the actual number of bitcoin miner installations.

Key Points: 
  • The final calculation of the total server load will be based on the actual number of bitcoin miner installations.
  • Mr. Kai Xu, Chief Inspector of Future FinTech's Blockchain Division, said, "We are pleased to have entered into this agreement with Teracrypto to provide them with our hosting services and the power supply for them to engage in bitcoin mining on our cryptocurrency mining farm in the US.
  • We view the timing as fortuitous for cryptocurrency mining as Bitcoin prices have recently reached their all-time high and continue to trade at record levels."
  • We believe that our hosting services for the mining farm will be successful and that we will meet the goals that we have set out for it."

LM Funding America, Inc. Provides Monthly Operational and Bitcoin Mining Update for Month Ended February 29, 2024

Retrieved on: 
Monday, March 11, 2024
Bitmain, Hash, BTC

Bruce M. Rodgers, Chairman and CEO of LM Funding, stated, "We are currently executing on all fronts with 26.8 Bitcoin mined in February alone, bringing our total Bitcoin to over 150 as of the end of February.

Key Points: 
  • Bruce M. Rodgers, Chairman and CEO of LM Funding, stated, "We are currently executing on all fronts with 26.8 Bitcoin mined in February alone, bringing our total Bitcoin to over 150 as of the end of February.
  • In addition, the price of Bitcoin has continued to appreciate, as we had anticipated, in advance of the next halving event.
  • In fact, the value of our Bitcoin held at the end of February was over $10.4 million dollars based on an estimated March 8, 2024 BTC price of $68,000, or approximately $4.28 per share after giving effect to our previously announced 1-for-6 reverse stock split that will become effective on March 12, 2024.
  • Given the strength of our balance sheet, we have not had the need to sell any of our Bitcoin holdings to fund our operations.

DMG Blockchain Solutions Reports First Quarter 2024 Results Ending December 31, 2023

Retrieved on: 
Thursday, February 22, 2024
Bitcoin, Research, TSX, Bitmain, Risk, Q&A, Bank statement, Miner, Depreciation, Cryptocurrency

VANCOUVER, British Columbia, Feb. 21, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and data center technology company, today announces its fiscal first quarter 2024 financial results.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 21, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and data center technology company, today announces its fiscal first quarter 2024 financial results.
  • Net income for the three months ending December 31, 2023 was $7.0 million versus a loss of $7.0 million in the prior year period.
  • Earnings per share for the first fiscal quarter ending December 31, 2023 was $0.04 versus -$0.04 in the prior year period.
  • The Company also announces that it will host a conference call to review first quarter 2024 financial results and provide a corporate update on February 22, 2024, at 4:30 pm ET.

DMG Blockchain Solutions Announces Relationship with Sygnum Bank to Provide Credit Facility

Retrieved on: 
Thursday, February 15, 2024
DMG, TSX, Growth, DLT, Bitmain, BTC, Miner, Partnership, Cryptocurrency

In addition to this US$9 million credit facility, DMG intends to use some of its existing cash towards the purchase of these miners from Bitmain.

Key Points: 
  • In addition to this US$9 million credit facility, DMG intends to use some of its existing cash towards the purchase of these miners from Bitmain.
  • Sygnum has the right to terminate the agreement at any time, at which time the loan would be due immediately.
  • The loan is secured against the Company’s digital currency assets of 237.8 BTC, which are pledged and deposited with Sygnum.
  • DMG’s CEO Sheldon Bennett commented, “We are very happy to announce this partnership with Sygnum as a strategic banking partner.

LM Funding Invests in S21 Bitmain Mining Machines in Advance of 2024 Bitcoin Halving Event

Retrieved on: 
Tuesday, January 16, 2024
Bitcoin, Bitmain, Mining, S21, Cryptocurrency

TAMPA, FL, Jan. 16, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the “Company") a cryptocurrency mining and technology-based specialty finance company, today announced that it has entered into an agreement to purchase 300 Bitmain S21 Antminer machines for approximately $1.1 million. The S21 is a high efficiency, high hash rate machine mining SHA-256 algorithm manufactured by Bitmain that generates a hash rate of 200 TH/s with a power consumption of 3,500 W. The delivery of the machines is expected during the second quarter of 2024, and once operational, will bring the Company’s mining capacity to 674 PH.

Key Points: 
  • TAMPA, FL, Jan. 16, 2024 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ:LMFA) ("LM Funding" or the “Company") a cryptocurrency mining and technology-based specialty finance company, today announced that it has entered into an agreement to purchase 300 Bitmain S21 Antminer machines for approximately $1.1 million.
  • The S21 is a high efficiency, high hash rate machine mining SHA-256 algorithm manufactured by Bitmain that generates a hash rate of 200 TH/s with a power consumption of 3,500 W. The delivery of the machines is expected during the second quarter of 2024, and once operational, will bring the Company’s mining capacity to 674 PH.
  • Bruce M. Rodgers, Chairman and CEO of LM Funding, commented, “We remain committed to investing our resources, including the proceeds of our Bitcoin mining operations, into the most efficient Bitcoin mining equipment available.
  • Our S21s will be leading producers through this year’s halving event, and we believe this model will continue to be revenue-producing through the subsequent halving event expected to occur in 2028.”

CleanSpark Releases December 2023 Bitcoin Mining Update

Retrieved on: 
Wednesday, January 3, 2024
Bitcoin, BTC, USD, Total, Mining, Growth, Record, Bitmain, Cryptocurrency

LAS VEGAS, Jan. 3, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited Bitcoin (or "BTC") mining and operations update for the month ending December 31, 2023.

Key Points: 
  • The Company mined 7,391 bitcoins in 2023, a 60% increase over 2022, while bitcoin holdings grew over 1,200% to 3,002 BTC valued at approximately $135M USD
    LAS VEGAS, Jan. 3, 2024 /PRNewswire/ -- CleanSpark Inc. (Nasdaq: CLSK), America's Bitcoin Miner™, today released its unaudited Bitcoin (or "BTC") mining and operations update for the month ending December 31, 2023.
  • "This was a transformative year for CleanSpark," said Zach Bradford, CEO.
  • "We set new records in bitcoin mining, surpassing all our previous achievements with over 7,300 bitcoins mined this year, a 60% increase over 2022.
  • What's more, our bitcoin treasury has also seen remarkable growth, expanding from 228 bitcoins at the end of last year to over 3,000 bitcoins today.

DMG Blockchain Solutions Announces Large Bitcoin Mining Server Purchase and November Mining Results

Retrieved on: 
Tuesday, December 5, 2023
DMG, Bitmain, Rationalization, TSX, T21, Cryptocurrency

VANCOUVER, British Columbia, Dec. 05, 2023 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and cryptocurrency technology company, announces it has signed an agreement with Bitmain Technologies to purchase 4,550 T21 190 TH/s bitcoin miners for US$12,103,000 (US$14/TH/s).

Key Points: 
  • VANCOUVER, British Columbia, Dec. 05, 2023 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and cryptocurrency technology company, announces it has signed an agreement with Bitmain Technologies to purchase 4,550 T21 190 TH/s bitcoin miners for US$12,103,000 (US$14/TH/s).
  • Financing of the purchase may be through existing cash/liquidated bitcoin, debt or a combination of both.
  • DMG expects shipment of its T21 miners in the March quarter of 2024; terms of the purchase are 10% downpayment (already paid) with the balance due in the month prior to shipment.
  • In November 2023, DMG mined 64.7 bitcoin with 0.97 EH/s realized hashrate.