Crypto miner backs US senator’s efforts to incentivize using flared gas
Texas Senator Ted Cruz proposed a bill aimed at incentivizing crypto miners to use flared gas for energy generation in the state.In an April 1 notice, Cruz said he had introduced the Facilitate Lower Atmospheric Released Emissions, or FLARE, Act in the US Senate, aiming to make Texas “the number one place for Bitcoin mining.” […]
Read More...Trump-affiliated crypto mining venture mulls IPO — Report
American Bitcoin Corp., a Trump family-backed crypto mining operation, has plans to raise additional capital, including through an initial public offering (IPO), according to an April 1 report by Bloomberg. On March 31, Hut 8 — a publicly traded Bitcoin (BTC) miner — acquired a majority stake in American Bitcoin (formerly American Data Centers), whose […]
Read More...Trump Brothers’ Crypto Mining Venture American Bitcoin to Go Public
American Bitcoin Corp., a joint venture announced Monday (March 31) by bitcoin mining firm Hut 8 and an investor group that includes President Donald Trump’s two older sons, reportedly plans to go public.
Read More...Trump-backed mining firm American Bitcoin plans to go public, possibly take private investment: report
The long-term vision is for American Bitcoin to be “two sister publicly traded companies” that combine under one vertically integrated firm, Hut 8 CEO Asher Genoot said on Bloomberg TV.
Read More...Bitcoin mining edges toward green dominance with 70% renewables by 2030
Renewable energy could power over 70% of Bitcoin (BTC) mining operations by 2030, according to a report published by MiCA Crypto Alliance andh data analytics firm Nodiens. The report highlighted that this shift comes as miners move away from fossil fuels in favor of cleaner alternatives like wind, solar, hydro, and energy from waste.
Read More...Eric Trump, Hut 8 CEO outline partnership to launch new bitcoin mining company: CNBC Crypto World
On today’s show, bitcoin climbs to the $85,000 level to kick off April while notching back-to-back monthly losses in March. And, crypto investor Chun Wang blasts off into space in the first human spaceflight mission to fly over the Earth’s polar regions.
Read More...GoMining launches $100M Bitcoin mining fund for institutional investors
GoMining, a platform that allows users to mine Bitcoin (BTC) through data centers, is launching a $100 million Bitcoin mining fund for institutional investors. Custodied by Bitgo, the fund promises annual distributions from mining yield and a strategy that focuses on Bitcoin rewards and reinvestment.GoMining’s Alpha Blocks Fund comes as more companies have added Bitcoin […]
Read More...Trump Family Launches Ambitious American Bitcoin Mining Project
The family of American President Donald Trump (Donald Trump) continues to strengthen its position in the cryptocurrency industry.
Read More...Senator Ted Cruz introduces FLARE Act to repurpose flared gas for Bitcoin mining
Senator Ted Cruz introduced legislation on April 1 to repurpose flared gas and use it to generate “value-added products,” like mining Bitcoin (BTC) and other digital assets. The bill, called the Facilitating Lower Atmospheric Released Emissions (FLARE) Act, proposes using natural gas produced during oil drilling operations and providing incentives through tax advantages.
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