Compass Mining Expands with 20 MW Hydro-Cooled Bitcoin Mining Facility
Compass Mining has announced the launch of a new 20-megawatt (MW) Bitcoin mining facility in North Dakota, as reported by FinanzNachrichten.de. The facility is equipped with advanced water-cooled Antminer S21 Hydro machines, with 5.5 MW of capacity already operational. This expansion aims to meet the growing demand from both institutional and individual clients. The remaining machines will be phased in over the coming months. Chief Mining Officer Shanon Squires highlighted the benefits of hydro-cooling technology, which include improved energy efficiency and machine durability. In 2024, Compass Mining energized approximately 50 MW of mining capacity across multiple U.S. states, further solidifying its position as a leader in Bitcoin mining hosting and operational solutions. For more details, visit the original article at FinanzNachrichten.de.
Core Scientific Shares Surge After Q4 Results
Core Scientific, Inc. experienced a 13.5% increase in its stock price following the release of its Q4 2024 financial results, according to Investing.com Deutsch. Despite reporting a net loss of $265.5 million, the company highlighted a transformative year with significant milestones in both its Bitcoin mining and high-performance computing (HPC) sectors. Revenue for the quarter fell to $94.9 million, down from $141.9 million in Q4 2023, primarily due to a 68% reduction in mined Bitcoin following a halving event. However, the average Bitcoin price rose by 130% during the quarter, partially offsetting the decline. Core Scientific plans to expand its HPC infrastructure and Bitcoin mining activities in 2025, leveraging the growing demand for AI computing power. For the full report, refer to Investing.com Deutsch.
Gryphon Digital Mining Revises Erikson Acquisition
Gryphon Digital Mining has revised its acquisition agreement with Erikson National Energy Inc., focusing solely on assets in the Wildboy area of British Columbia, as reported by Investing.com Deutsch. Initially planning to acquire nearly all of Erikson's assets for CAD 2 million, Gryphon has now narrowed its scope following due diligence. The revised agreement allows Erikson to market its remaining assets to third parties, while Gryphon retains the right to terminate the deal if due diligence results are unsatisfactory. Additionally, Gryphon has expanded its Bitcoin mining capacity by acquiring 1,900 S19JPro machines and raised $2.85 million through a private equity offering. These moves aim to reduce energy costs and strengthen Gryphon's position in the digital asset industry. More details can be found on Investing.com Deutsch.
Bitcoin Faces Market Correction
Bitcoin's price has dropped below $90,000, marking its lowest level since November 2024, according to BTC-ECHO. The decline is attributed to significant outflows from Bitcoin ETFs and large-scale sales by major holders. The market correction has raised concerns about the cryptocurrency's short-term recovery prospects. BTC-ECHO's live market update discusses key support levels and the likelihood of a rebound. For further insights, visit BTC-ECHO.
Morning Update on Bitcoin and Other Cryptocurrencies
Bitcoin saw a 2.39% increase in its price, reaching $85,932.79 as of Thursday morning, according to finanzen.at. Other cryptocurrencies also showed gains, with Ethereum rising by 1.04% to $2,349.40 and Litecoin increasing by 4.69% to $130.11. However, Monero experienced a slight decline of 0.11%, settling at $213.00. The report highlights the mixed performance of various digital assets, reflecting ongoing market volatility. For a detailed breakdown, refer to finanzen.at.
Sources:
- Compass Mining Expands with 20 MW Hydro-Cooled Bitcoin Mining Facility in North Dakota
- Core Scientific-Aktien steigen um 13 % nach Veröffentlichung der Q4-Ergebnisse
- Gryphon Digital Mining revidiert Erikson-Akquisition
- Livestream: So geht es weiter für Bitcoin & Co.
- So entwickeln sich Bitcoin & Co. am Vormittag
