BitNile Holdings Announces $4 Million from XBTO for Bitcoin Miner Financing With an Additional $4 Million Expected to Close by the End of June 2022

Fenika Bench

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here. LAS VEGAS–(BUSINESS WIRE)– BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), announced that earlier this month, the Company received $4 million from a 12.5% note and […]

Go green or die? Bitcoin miners aim for carbon neutrality by mining near data centers

Fenika Bench

Bitcoin (BTC) mining has always been a controversial topic. But, Bitcoin’s proof-of-work (PoW) model has reached new levels of concern as senior decision-makers and investors pay closer attention to environmental, social and governance factors.  As such, many crypto miners are highlighting environmentally friendly practices by acquiring carbon offsets. Yet, some […]

What the heck is going on with Bitcoin?

Fenika Bench

Two significant events dominated news channels over the last week. One was the confirmation, along with the pictures, of the existence of a supermassive black hole, Sagittarius A*, in the center of our galaxy, the Milky Way. Shivendu Shivendu [ Provided ] The second story was a similar black hole: […]

Don’t Trust Bitcoin Mining Data From China

Fenika Bench

China has “re-emerged” as a major bitcoin mining hub in 2022, representing more than 20% of the Bitcoin network’s hash rate, according to new data from Cambridge’s Centre for Alternative Finance (CCAF). The October 2021 data update from CCAF indicated that “mining operations in mainland China have effectively dropped to […]