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The company sold nearly $100 million of bitcoin to fund the purchase of its 200-acre Rockdale site and signed a leasing agreement with Advanced Micro Devices that could deliver $1 billion in revenue. Source link
Tom Lee, chairman of ether ETH$3,145.92 treasury firm BitMine Immersion (BMNR), urged shareholders to approve a board proposal for a sharp increase in the company’s authorized share count. In a start-of-the-year message, Lee said the proposal to boost the company’s number of shares to 50 billion from 500 million is not a precursor to a…
BitMine Immersion (BMNR), the largest Ethereum-focused digital asset treasury (DAT) firm and helmed by Wall Street veteran Thomas Lee, is sitting on steep unrealized losses on its big bet on ether ETH$2,793.92. The firm reported Friday $328 million in net income for its fiscal year ended August 31, while fully diluted earnings per share came…
The spotlight is firmly on the crypto market over the course of the week after a spurt of liquidations between Oct. 10 and Oct. 17, with BTC and ETH trading well below their respective early October highs. Despite market uncertainty, a number of catalysts are upcoming with ETHZilla Corporation (ETHZ) implementing a 1-for-10 reverse stock…
