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Crypto Miner Marathon’ Decision to Buy Bitcoin Against Bonds Attracts SEC’s Attention, Stock Tanks 27%

On Monday, November 15, crypto-miner Marathon Digital announced that it is willing to buy more Bitcoin and add new mining equipment to its existing fleet by selling $500 million worth of bonds. The private offering of the five-year notes will only be only to the qualified institutional players. As said, the proceeds will go further

On Monday, November 15, crypto-miner Marathon Digital announced that it is willing to buy more Bitcoin and add new mining equipment to its existing fleet by selling $500 million worth of bonds. The private offering of the five-year notes will only be only to the qualified institutional players. As said, the proceeds will go further

Bitcoin News
Bitcoin News

$306 Billion Sovereign Wealth Fund Temasek Buying Bitcoin since 2018: Raoul Pal

Temasek, a Singapore sovereign wealth fund with over $306 billion portfolios has been buying Bitcoin from miners, revealed Global Macro Investor Raoul Pal during a recent podcast appearance. Pal also claimed that governments have been enquiring about buying Bitcoin as well. Sovereign wealth funds dwarf everyone else…and the are coming. #wallofmoney — Raoul Pal (@RaoulGMI)

Temasek, a Singapore sovereign wealth fund with over $306 billion portfolios has been buying Bitcoin from miners, revealed Global Macro Investor Raoul Pal during a recent podcast appearance. Pal also claimed that governments have been enquiring about buying Bitcoin as well. Sovereign wealth funds dwarf everyone else…and the are coming. #wallofmoney — Raoul Pal (@RaoulGMI)

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Bitcoin FOMO: Canaan Inc. Announces additional $45 Million Investment For Crypto Mining Rigs

Canaan, one of the top crypto mining machine makers released an unaudited financial report for the third quarter of 2020 in which the company incurred a net loss of $12.7 million. The report revealed that the firm made $24 million in net revenues in Q3, seeing a decline of almost 76% from the same quarter

Canaan, one of the top crypto mining machine makers released an unaudited financial report for the third quarter of 2020 in which the company incurred a net loss of $12.7 million. The report revealed that the firm made $24 million in net revenues in Q3, seeing a decline of almost 76% from the same quarter