Crypto News

Bitmine Immersion Technologies announced it holds over $6.6 billion in cryptocurrency, solidifying its position as the world’s largest ethereum treasury. Bitmine Reports $6.6 Billion in Ether Holdings The company’s holdings include 1,523,373 ETH tokens valued at $4,326 each and 192 bitcoin (BTC), totaling $6.612 billion as of Aug. 17. This marks a $1.7 billion increaseSource link

KindlyMD (NAKA), the Nasdaq-listed firm that's recently merged with bitcoin (BTC) treasury firm Nakamoto closed a $200 million convertible note offering late Friday.The convertible notes bear no interest in the first two year, then they carry a 6% annual rate starting in year three until maturity in 2028. The firm intends to use the funds to buy additional bitcoin.The financing, arranged with Yorkville Advisors’ YA II PN fund, was structured with some unusual terms, CoinDesk senior analyst James Van Straten noted.Yorkville can convert the debt into equity at an initial price of $2.80 per share, raising concerns of dilution if the lender opts to convert into stock. Nakamoto/KindlyMD also needs to put up twice the size of the principal in...

Bitcoin mining is dominated by major operations these days, but an independent miner managed to score a block and earn a massive bounty.Source link

Qubic is attempting to change Monero forever. In the meantime, the AI protocol is prepping for its next target: Dogecoin.Source link

As bitcoin holds around $116,000 mark, the network’s hashrate is steadily pushing its way back toward record-breaking territory. Despite Revenue Loss, Bitcoin Miners Push Network Strength Back to Record-Breaking Levels After climbing to 976 exahash per second (EH/s), the network’s computing power slid back below the 900 EH/s threshold just four days later. As ofSource link