Compass Mining Expands Texas Operations
According to FinanzNachrichten.de, Compass Mining has announced the launch of a new 25 MW Bitcoin mining facility in Texas. This expansion is part of their broader strategy to energize over 50 MW across six states by the end of 2024, with plans for an additional 35 MW coming online by January 2025. The newly built-out facility will initially operate at a capacity of 5 MW and scale up to its full potential early next year.
The company aims to further expand this site’s capacity to reach 60 MW by Q3 2025. CEO Paul Gosker emphasized that this development marks another milestone in making Bitcoin mining more accessible while maintaining high standards through expert technician hires and leveraging local resources.
Bitcoin's Surge: Is It Time To Invest?
A report from Business Insider Deutschland discusses whether now is still a good time to invest in Bitcoin as it surpasses $100,000 following Donald Trump's re-election. Despite some investors' hesitation due to high prices, experts suggest there might be significant returns before widespread adoption occurs.
Samara Cohen from BlackRock highlights favorable fundamental trends supporting investment opportunities, while Robert Cannon advises allocating one-to-ten percent of portfolios into cryptocurrencies based on risk tolerance. Institutional interest continues growing alongside discussions about establishing national reserves for Bitcoin investments.
Biden Administration Targets Chinese Firm Over TSMC Chip Use
An article on Investing.com Deutsch reveals that the Biden administration plans blacklisting Sophgo—a subsidiary linked with Bitmain—due to allegedly using illegally obtained Taiwan Semiconductor Manufacturing Company (TSMC) chips within Huawei processors without authorization or compliance checks under US export regulations guidelines set forth previously against similar entities worldwide since taking office last year amid heightened scrutiny surrounding technology transfers involving sensitive areas potentially impacting national security interests.
Sources:
- Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
- Bitcoin auf Höhenflug: Solltet ihr jetzt noch kaufen? Experten geben Antworten
- Biden-Regierung plant Schwarzlistung chinesischer Firma wegen illegaler Nutzung von TSMC-Chips
- TeraWulf Inc. : Bewertung von B. Riley zum Kaufen erhalten
