Friday, May 9, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Drink-to-earn? A new sparkling water comes with an NFT and points

    Drink-to-earn? A new sparkling water comes with an NFT and points

    Cobie says UpOnly will return if someone buys this $20M NFT

    Cobie says UpOnly will return if someone buys this $20M NFT

    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    Donald Trump Denies Claims of Profiting From TRUMP Token

    Donald Trump Denies Claims of Profiting From TRUMP Token

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

    NFT sales jump 22% to $107m, Pudgy Penguins recover

    NFT sales jump 22% to $107m, Pudgy Penguins recover

    Guild of Guardians Leads NFT Collections with $1.35M in Daily Volume As NFT Market Climbs

    Guild of Guardians Leads NFT Collections with $1.35M in Daily Volume As NFT Market Climbs

    Apple Eases NFT, Crypto Rules for iOS Apps Following Antitrust Ruling

    Apple Eases NFT, Crypto Rules for iOS Apps Following Antitrust Ruling

  • Gaming
    How the Maldives Is Building a $9 Billion Blockchain Hub to Transform Its Economy

    How the Maldives Is Building a $9 Billion Blockchain Hub to Transform Its Economy

    How to Build a Web3 dApp: Step-by-Step Guide

    How to Build a Web3 dApp: Step-by-Step Guide

    Soneium partners with Square Enix’s SYMBIOGENESIS to provide cross-game NFT rewards

    Soneium partners with Square Enix’s SYMBIOGENESIS to provide cross-game NFT rewards

    Doodles’ $DOOD Token Launches on Solana: Tokenomics, Airdrop, and Vision Explained

    Doodles’ $DOOD Token Launches on Solana: Tokenomics, Airdrop, and Vision Explained

    The Ultimate Guide to Xociety: What You Must Know Before You Play

    The Ultimate Guide to Xociety: What You Must Know Before You Play

    Versus Joins ION and Online+ to Elevate Web3 Gaming and Social Integration

    Versus Joins ION and Online+ to Elevate Web3 Gaming and Social Integration

    Gaming Tokens Surge as Take-Two Rallies on Viral GTA 6 Countdown Post

    Gaming Tokens Surge as Take-Two Rallies on Viral GTA 6 Countdown Post

    Adidas Reveals In-Game Apparel Drop for ‘Xociety’ Shooter on Sui

    Adidas Reveals In-Game Apparel Drop for ‘Xociety’ Shooter on Sui

    The Walking Dead NFT Game to End After 3 Years—What Players Should Know

    The Walking Dead NFT Game to End After 3 Years—What Players Should Know

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What Is a Layer-0 Blockchain Protocol?

    What Is a Layer-0 Blockchain Protocol?

    What They Are and What They Are For

    What They Are and What They Are For

    What It is & Why it Matters

    What It is & Why it Matters

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

    What Is a Stablecoin? Meaning, Definition, Types & More

    What Is a Stablecoin? Meaning, Definition, Types & More

    Get a $50 Welcome Bonus when You Join Changelly’s Mobile App – Only This March!

    Get a $50 Welcome Bonus when You Join Changelly’s Mobile App – Only This March!

    The Main Differences Between Crypto Exchanges

    The Main Differences Between Crypto Exchanges

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Drink-to-earn? A new sparkling water comes with an NFT and points

    Drink-to-earn? A new sparkling water comes with an NFT and points

    Cobie says UpOnly will return if someone buys this $20M NFT

    Cobie says UpOnly will return if someone buys this $20M NFT

    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    Donald Trump Denies Claims of Profiting From TRUMP Token

    Donald Trump Denies Claims of Profiting From TRUMP Token

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

    NFT sales jump 22% to $107m, Pudgy Penguins recover

    NFT sales jump 22% to $107m, Pudgy Penguins recover

    Guild of Guardians Leads NFT Collections with $1.35M in Daily Volume As NFT Market Climbs

    Guild of Guardians Leads NFT Collections with $1.35M in Daily Volume As NFT Market Climbs

    Apple Eases NFT, Crypto Rules for iOS Apps Following Antitrust Ruling

    Apple Eases NFT, Crypto Rules for iOS Apps Following Antitrust Ruling

  • Gaming
    How the Maldives Is Building a $9 Billion Blockchain Hub to Transform Its Economy

    How the Maldives Is Building a $9 Billion Blockchain Hub to Transform Its Economy

    How to Build a Web3 dApp: Step-by-Step Guide

    How to Build a Web3 dApp: Step-by-Step Guide

    Soneium partners with Square Enix’s SYMBIOGENESIS to provide cross-game NFT rewards

    Soneium partners with Square Enix’s SYMBIOGENESIS to provide cross-game NFT rewards

    Doodles’ $DOOD Token Launches on Solana: Tokenomics, Airdrop, and Vision Explained

    Doodles’ $DOOD Token Launches on Solana: Tokenomics, Airdrop, and Vision Explained

    The Ultimate Guide to Xociety: What You Must Know Before You Play

    The Ultimate Guide to Xociety: What You Must Know Before You Play

    Versus Joins ION and Online+ to Elevate Web3 Gaming and Social Integration

    Versus Joins ION and Online+ to Elevate Web3 Gaming and Social Integration

    Gaming Tokens Surge as Take-Two Rallies on Viral GTA 6 Countdown Post

    Gaming Tokens Surge as Take-Two Rallies on Viral GTA 6 Countdown Post

    Adidas Reveals In-Game Apparel Drop for ‘Xociety’ Shooter on Sui

    Adidas Reveals In-Game Apparel Drop for ‘Xociety’ Shooter on Sui

    The Walking Dead NFT Game to End After 3 Years—What Players Should Know

    The Walking Dead NFT Game to End After 3 Years—What Players Should Know

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What Is a Layer-0 Blockchain Protocol?

    What Is a Layer-0 Blockchain Protocol?

    What They Are and What They Are For

    What They Are and What They Are For

    What It is & Why it Matters

    What It is & Why it Matters

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

    What Is a Stablecoin? Meaning, Definition, Types & More

    What Is a Stablecoin? Meaning, Definition, Types & More

    Get a $50 Welcome Bonus when You Join Changelly’s Mobile App – Only This March!

    Get a $50 Welcome Bonus when You Join Changelly’s Mobile App – Only This March!

    The Main Differences Between Crypto Exchanges

    The Main Differences Between Crypto Exchanges

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Mining

This Bitcoin Miner from Wall Street Bets High on Bitcoin $90K ATH, Securing $100M Credit

November 12, 2024
in Mining
1
This Bitcoin Miner from Wall Street Bets High on Bitcoin $90K ATH, Securing $100M Credit
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Is Bitcoin’s new all-time high (ATH) of $90,000 the right moment to secure a $100 million credit line? If you’re a Bitcoin miner from Wall Street, the answer is definitely yes. This exact move was made by Nasdaq-listed digital asset mining company BitFuFu (NASDAQ: FUFU), which has secured additional financing from AntPool Technologies.

READ ALSO

MARA Reports $214M in Q1 Revenue, Grows Bitcoin Holdings to 47,531 BTC

CleanSpark Reports $181.7M in Q2 Revenue, Stays on Course to Hit 50 EH/s Bitcoin Mining Target

BitFuFu aims to expand operations and potentially pursue acquisitions while maintaining its Bitcoin holdings. It’s hard to imagine a better moment for infrastructure investment than during this dynamic bull run of BTC, which gained over 10% in value on Monday and is testing new all-time highs just below $90,000 on Tuesday.

Leo Lu, CEO and Chairman of BitFuFu

The two-year Master Loan Agreement will provide BitFuFu with access to capital at a 6.5% annual interest rate. The facility will be collateralized by the company’s Bitcoin holdings at a 70% loan-to-value ratio, with Antpool Technologies serving as custodian for the secured assets.

The cloud mining provider, which maintains strategic ties with mining hardware giant Bitmain, plans to use the funds for general corporate purposes, including covering hosting fees and exploring merger and acquisition opportunities. The company has not yet drawn any funds from the newly established credit line.

Even before the announcement, FUFU shares surged over 18% on Monday, reaching $5.73, the highest since July 2024. This rise aligns with gains seen among other Wall Street Bitcoin miners, driven by Bitcoin’s strengthening and the broader digital currency ecosystem. Notably, Dogecoin led the surge, testing $0.32 on Monday with a 152% increase, and by Tuesday, it had gained an additional 10 cents.

See also  I Just Entered the Bitcoin Mining Lottery: NIKOLAUS

HIVE Digital Technologies Ltd. (NASDAQ: HIVE) has already made a similar move and ordered 6,500 Avalon A1566 miners from Canaan, aiming to expand its Bitcoin mining capacity from 5.6 EH/s to 12.5 EH/s by Q3 2025. This $100 million investment is part of HIVE’s strategy to establish a 100 MW hydroelectric-powered data center in Paraguay, leveraging the Itaipu Dam’s renewable energy

BitFufu Expands to Ethiopia to Combat 170% Surge in Production Costs

The $100 million credit line is another move by BitFufu to fight the surging production costs of Bitcoins. Last month, the Wall Street Bitcoin miner revealed plans to acquire a majority stake in an 80-megawatt (MW) crypto mining facility in Ethiopia. This move aims to access East Africa’s cheaper energy resources as the BTC mining industry faces narrowing profit margins, exacerbated by a 170% increase in BitFuFu’s production costs over the past year, which slashed net profit by 75%.

With this acquisition, BitFuFu’s total hosting capacity will exceed 600 MW, with around 13% now directly owned and operated by the company. This marks a shift from its previous asset-light model, where third parties hosted its 522 MW capacity as of mid-2024. The firm also plans to implement technological upgrades to enhance the new facility’s energy efficiency and mining capabilities.

In Q2 2024, BitFuFu’s revenue rose by 70% year-over-year to $129 million, but net profits plummeted from $5.1 million to $1.3 million due to soaring costs. As reported, industry-wide miner revenue has declined, reaching $827.56 million, the lowest since September 2023, underlining growing pressures from rising mining difficulty and costs.

See also  Bitcoin Hash Rate Hits New All-Time High, Surges 74% Year-Over-Year

Tags: 100M90KATHBetsBitcoinCreditHighminerSecuringStreetWall

Related Posts

MARA Reports $214M in Q1 Revenue, Grows Bitcoin Holdings to 47,531 BTC
Mining

MARA Reports $214M in Q1 Revenue, Grows Bitcoin Holdings to 47,531 BTC

May 9, 2025
CleanSpark Reports $181.7M in Q2 Revenue, Stays on Course to Hit 50 EH/s Bitcoin Mining Target
Mining

CleanSpark Reports $181.7M in Q2 Revenue, Stays on Course to Hit 50 EH/s Bitcoin Mining Target

May 9, 2025
Bitmain Antminer L7 Profitability in 2025
Mining

Bitmain Antminer L7 Profitability in 2025

May 8, 2025
Kuwait Escalates Illegal Crypto Mining Crackdown, Questioning 116
Mining

Kuwait Escalates Illegal Crypto Mining Crackdown, Questioning 116

May 8, 2025
MARA Holdings Achieves Impressive 705 BTC Production in April
Mining

MARA Holdings Achieves Impressive 705 BTC Production in April

May 8, 2025
the controversial case of the abandoned mining site in Pennsylvania
Mining

the controversial case of the abandoned mining site in Pennsylvania

May 7, 2025
Next Post
Peter Schiff criticizes Bitcoin amidst price blow: ‘The momentum has turned’

Bitcoin ETF inflows soar as price nears $90K - Is $100K next?

Comments 1

  1. Benny Koestner says:
    6 months ago

    I have been absent for some time, but now I remember why I used to love this web site. Thanks, I?¦ll try and check back more often. How frequently you update your site?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
Ethereum crosses $3.2K as L2 crosses new milestone: What now?

Ethereum crosses $3.2K as L2 crosses new milestone: What now?

May 6, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Bitcoin, Solana, DOGE affected by FED’s recent decision – Here’s how

Bitcoin, Solana, DOGE affected by FED’s recent decision – Here’s how

August 7, 2024
Cerra.io gains momentum with audit, Pre-Sale, DEX Launch and more

Cerra.io gains momentum with audit, Pre-Sale, DEX Launch and more

February 1, 2024
NVIDIA Launches AI Foundation Models for RTX AI PCs

NVIDIA Launches AI Foundation Models for RTX AI PCs

January 7, 2025
Level Up Your Coachella Experience with Coachella Quests

Level Up Your Coachella Experience with Coachella Quests

April 4, 2024

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Ethereum surges 20%, hits most undervalued BTC ratio since 2019
  • Ethereum Jumps To $2K Amid Market Surge, This Level Is Next
  • Can Ethereum outperform Bitcoin like in 2019? – THIS ratio says yes, but…

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.