Category: Mining
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Nvidia Faces Investor Class Over Misstatements on Crypto Mining Sales
[ad_1] A California federal judge has certified an investor class in a securities lawsuit accusing Nvidia and CEO Jensen Huang of misleading shareholders about how much of the company’s gaming revenue during the 2017-2018 crypto mining boom came from GPU sales to cryptocurrency miners. US District Judge Haywood S. Gilliam Jr. ruled in a March…
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Bitcoin Hashrate Reclaims 1 ZH/s as Hashprice Slides Lower – Mining Bitcoin News
[ad_1] Hashprice Falls 6.65% in Three Days As of Saturday, March 28, the network is running at 1.02 ZH/s, or 1,022 EH/s. The seven-day average from hashrateindex.com sits at 1,007 EH/s. On March 18, that same seven-day simple moving average (SMA) was at 931 EH/s — meaning miners have added roughly 76 EH/s of computational…
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MARA Sells $1.1B in Bitcoin to Cut Debt by 30%
[ad_1] MARA Holdings sold more than $1 billion of Bitcoin in March to repurchase convertible debt at a discount, using its BTC holdings to reduce leverage, the company said Thursday. In a US Securities and Exchange Commission filing, the largest listed US Bitcoin miner said it would buy back about $1 billion of zero-coupon convertible…
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