The Tether-backed company is talking to interested parties, it said. It may also see an IPO on the Nasdaq next year.
Mining news
The growing Bitcoin hashrate and block reward reduction from the Bitcoin halving could lead to miner consolidation among smaller firms.
The startup is onboarding Bitcoin miners representing a “sizable amount” of the Bitcoin network’s total hashrate, according to Alex Luce.
After the latest $630,000 transfer, the Bitcoin whale has now sent $5.47 million worth of Bitcoin to Kraken in the last two months.
USI-Tech’s former CEO Horst Jicha was placed under home detention in New York on a $5 million bond guaranteed by his partner and children before fleeing.
Speakers at the Bitcoin Amsterdam 2024 conference exposed how flawed academic studies on Bitcoin fuel misinformation, affect media coverage and lead to misguided policies.