Category: Mining
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Miners, not ETFs, are building the financial backbone of Bitcoin
[ad_1] The following is a guest post and opinion from Armando Aguilar, Head of Capital Formation and Growth at TeraHash. ETFs may dominate the headlines, but the real architects of Bitcoin’s liquidity are the miners quietly building balance sheets. Since the April 2024 halving, the role of miners as a whole has shifted from pure…
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Shareholders push back against high pay for public Bitcoin miner execs after record equity grants
[ad_1] Shareholders trimmed support for executive pay packages at leading US Bitcoin (BTC) miners to an average of 64% in this year’s proxy season, far below the over 90% approval norm across the S&P 500, according to a July 10 VanEck research note. VanEck reviewed filings from eight listed miners and found average named-executive-officer (NEO)…
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French lawmakers say country could generate $150M in annual revenue from Bitcoin mining
[ad_1] French lawmakers have doubled down on their plans for Bitcoin mining by highlighting that the country could generate an annual revenue of up to $150 million from the industry. In a July 11 bill submitted to the French National Assembly, the lawmakers outlined a five-year pilot program allowing electricity producers to redirect excess power,…
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Google backs Bitcoin miner TeraWulf’s $1.8B AI project
[ad_1] TeraWulf, a prominent Bitcoin miner, has secured a strategic partnership with Google as part of its high-performance computing (HPC) co-location agreements with Fluidstack. According to an Aug. 14 statement, the search engine giant will backstop $1.8 billion of Fluidstack’s lease obligations, providing critical support for project-related debt financing. The arrangement grants Google a warrant…