Cryptocurrency News Today TheBitTimes.com

Title sponsored by Bitdeer, a NASDAQ-listed mining company. 1. On September 26, 2024, Bitdeer announced the successful testing of its latest Bitcoin mining chip, SEAL02, following tape-out. SEAL02 uses one of the most advanced process nodes in partnership with TSMC. An exceptional power efficiency ratio of 13.5 J/TH — while running at low voltage, ultra power-saving mode — was indicated in SEAL02 chip’s verification. SEAL02 will be integrated into the Company’s upcoming SEALMINER A2 mining machines, with mass production scheduled to commence in November 2024. Development of SEAL03 is ongoing and the Company’s product release milestone is on track. Read more 2. In an interview with analysts at research and brokerage firm Bernstein, Core Scientific CEO Adam Sullivan said the Bitcoin miner can grow “exponentially” over the next few years via its AI data center services. However, that depends on whether or not the firm can demonstrate the ability to deliver gigawatt scale AI data centers b...

Marathon Digital secures a cash deal with Generate Capital and a PBC subsidiary to acquire two operational Bitcoin mining farms, expanding its capacity to around 390 megawatts. As stated in the Dec. 19 release, the transaction marks Marathon’s shift from an asset-light organization to managing a diversified Bitcoin mining portfolio, acquiring its first fully owned sites . Currently holding 584 megawatts, with 3% owned and 97% hosted by third parties, the acquisition will bring the total capacity to approximately 910 megawatts.  Following the deal, 45% will be on Marathon-owned sites , expanding opportunities for future growth and potentially doubling the operational hash rate to around 50 exahashes within the next 18-24 months. As per the agreement terms, Generate will transfer ownership of data centers in Granbury, Texas, and Kearney, Neb., currently operated by third parties, to Marathon in exchange for $178.6 million, or $458,000 per megawatt, subject to adjustments, to ...