Bitcoin miner Riot Platforms Inc. said it expects to take delivery as well as deploy 31,500 Whatsminer M60S miners worth $ 97.4 million by the end of July 2024. The addition of the new bitcoin mining machines is projected to increase the “self-mining” hashrate capacity of Riot’s Rockdale Facility to 15.1 EH/s. Replacement of …
Vella Finance, a Nigerian fintech startup, was recently bought by the microfinance bank Carbon. The acquisition of the fintech startup paves for Carbon to launch a new banking platform targeting Nigerian businesses. New Business to Leverage Artificial Intelligence The Nigerian microfinance bank, Carbon, has reportedly acquired the fintech firm Vella Finance for an undisclosed amount. […]
South African fintech startup Ukheshe recently announced that it has acquired a 100% stake in EFT Corporation, an Africa-focused payment services provider. According to the startup, the acquisition takes Ukheshe closer to its stated goal of attaining a larger footprint in Africa and beyond. Access to New Technologies and Markets The South African fintech …
Nasdaq-listed Microstrategy has bought 14,620 more bitcoin for approximately $ 615.7 million. The latest purchase raised the company’s cryptocurrency holdings to 189,150 bitcoin, acquired for about $ 5.9 billion at an average price of $ 31,168 per coin. Microstrategy’s executive chairman, Michael Saylor, believes that spot bitcoin exchange-traded funds (ETFs) “may be …
On Tuesday, Marathon Digital Holdings, a leading bitcoin mining company listed on public markets, revealed its acquisition of two fully operational bitcoin mining facilities, representing a combined capacity of 390 megawatts (MW). For these facilities, Marathon invested a total of $ 178.6 million in cash, averaging $ 458,000 per MW. Marathon Boosts Mining …