Luxor Technology Signs $131.4 Million Deal With Bitcoin Mining Rig Maker Microbt

by CryptoExpert

December 12, 2024

in Mining

Luxor Technology Corporation has entered into a $131.4 million agreement with bitcoin mining device manufacturer Microbt. Bitcoin Mining Giants Luxor and Microbt Announce Partnership Luxor Technology Corporation‘s deal includes a confirmed purchase of Microbt’s Whatsminer application-specific integrated circuit (ASIC) bitcoin mining rigs worth $93.2 million and an option for an additional $38.2 million. These ASIC […]

Source link

Bitcoin Miner Poolin Technology Files Chapter 11 With $173M Debt as $52M Asset Sale Moves Forward

Bitcoin mining giant Poolin files for bankruptcy owing 11,700 users $164 million

What an INSANE Week… AMA

Tags: Bitcoin

CryptoExpert

Recommended For You

Bitcoin Miner Poolin Technology Files Chapter 11 With $173M Debt as $52M Asset Sale Moves Forward

by CryptoExpert

July 26, 2026

Bitcoin Miner Poolin Technology Files Chapter 11 With $173M Debt as $52M Asset Sale Moves Forward

Key TakeawaysOn July 22, 2026, Singapore-based Poolin Technology filed for Chapter 11 bankruptcy in New Jersey court.The filing reflects broader crypto industry strains, leaving 11,700 wallet holders with...

Bitcoin mining giant Poolin files for bankruptcy owing 11,700 users $164 million

by CryptoExpert

July 25, 2026

Bitcoin mining pool Poolin Technology filed for Chapter 11 with $163.7 million in IOUs owed to wallet users. Its two Texas affiliates are seeking court approval for asset...

What an INSANE Week… AMA

by CryptoExpert

July 24, 2026

Check on YouTube

Bernstein Says Bitcoin Mining Deals are Necessary for AI Power Crunch

by CryptoExpert

July 24, 2026

Bernstein said that it remains overweight on the Bitcoin mining sector, citing the growing partnerships between Bitcoin mining companies that are necessary to address the power constraints of...

Bitdeer’s Bitcoin Output Climbs to 990 as AI Cloud Run Rate Reaches $76M

by CryptoExpert

July 23, 2026

Bitdeer’s Bitcoin Output Climbs to 990 as AI Cloud Run Rate Reaches $76M

Bitdeer (NASDAQ: BTDR) Technologies Group mined 990 bitcoin in June, up 7.5% from the previous month, as the company continued deploying its proprietary mining machines while expanding its...