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Bitdeer reports $50 million loss due to Bitcoin halving, increased R&D costs
Bitdeer Technologies reported a net loss of $50.1 million for the third quarter of 2024, with total revenue declining to $62 million from $87.3 million in the same period last year. The company’s unaudited financial […]
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Marathon Digital upsizes debt offering to $1 billion for Bitcoin expansion
Marathon Digital, a Nasdaq-listed Bitcoin mining company, has revealed plans to increase its debt offering, which will mature in 2030, to $1 billion, according to a Nov. 18 statement. Marathon explained that the zero-interest senior […]
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Russia approves 15% tax on crypto mining and transactions
Russia has approved an amendment to a draft bill introducing taxes on crypto transactions and mining activities, Interfax reported on Nov. 19. The legislation will classify cryptocurrencies as property for tax purposes. As a result, […]
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Marathon Digital eyes Bitcoin growth with $700 million in convertible notes
Bitcoin miner Marathon Digital plans to privately issue $700 million in convertible senior notes due in 2030, according to a Nov. 18 statement. The offering, subject to market conditions, includes an additional $105 million purchase […]
