Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
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I hold MARA , but considering selling and putting the funds into this to lessen risk .
TeraWulf Leads the Pack as Bitcoin Mining Goes Nuclear
JKWillmsNov 24, 2023 at 15:53 UTC818273
TeraWulf Inc., a Bitcoin mining company, stands firmly at the forefront of environmentally conscious Bitcoin mining, not only within the United States but on a global scale.
As the first Bitcoin miner to use nuclear energy as its power source, TeraWulf's most recent expansion venture takes shape with the inauguration of a third facility at the Lake Mariner site in Upstate New York, strategically nestled on the shores of Lake Ontario.
As preparation for the third mining building looms on the horizon, with TeraWulf poised to generate a staggering 250 megawatts worth of hashrate, thus solidifying its standing as the world's preeminent nuclear-powered Bitcoin miner.
The company’s success is partly based on a team that understands the role of energy in Bitcoin mining and the importance of working cooperatively with other utilities on the grid.
Co-founder Nazar Khan explains the need to recognize nuclear energy's pivotal role in efficient Bitcoin mining and the company's unwavering commitment to grid balance through strategic utility partnerships.
Chair and CEO of TeraWulf, Paul Prager said that their Nautilus nuclear-powered mining facility benefits from what is arguably the lowest cost power in the sector, just $0.02/kWh for a term of five years, Prager told Bitcoin Magazine earlier this year.
Thanks Sin, good information. Such quality connotations in this investment "umbrella " .
Bitcoin holding above 43000.... what will the USA give us today ??
NEW YORK, Dec. 26, 2023 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), a sustainable platform for digital assets and artificial intelligence ("AI") infrastructure headquartered in New York City, is pleased to announce that the Company targets doubling its operating fleet in its Bitcoin mining operations, to approximately 6.0 EH/s, during 2024.
In the ever-evolving landscape of cryptocurrency, Marathon Digital Holdings has made a groundbreaking move that’s set to reshape its role in Bitcoin mining. Recently finalizing a monumental deal worth $179 million, Marathon Digital Holdings has inked an agreement to acquire two robust Bitcoin mining sites, marking a pivotal transition from asset ownership to managing the core operations of BTC mining.
Under the definitive purchase agreement with Generate Capital’s subsidiaries, Marathon Digital Holdings is set to gain ownership of two operational Bitcoin mining sites boasting a combined capacity of 390 megawatts. This strategic move comes at a price of $178.6 million, equating to approximately $458,000 per megawatt and solidifying Marathon’s footprint in the competitive Bitcoin mining market.
Sin, that's an excellent summary !
Larry Fink may not be talking but Cathie Wood is bullish on their collective prospects…
“We don’t want the spot Bitcoin ETF to get the green light if there are any uncertainties that the SEC may have. We are answering the SEC’s queries one by one and the dialogues are very positive.”
Loving the exposure here, MARA with its envious EH and HODL, and JV’s in energy abundant countries, RIOT with its scale and power purchase agreements, WULF with its cheap cost to mine based on its Uranium and Hydro base load power, and specialism in building out energy infrastructure. CLSK with its efficiency, EH and increasing HODL. IREN with its green energy and efficient miners, despite owners selling 20% of their IPO shares for huge profits, whilst protected by data centre and hosting revenue streams, surly will go overweight here at some point in the future. Not forgetting Mr Saylor and his HODL, without exposure to energy costs, halved mining rewards and difficulty adjustments.
All this in one liquid ticker,……BINGO
💎🤲
Morning VD, I was a little surprised how the UA's held up yesterday with BTC price action. Coupled with Friday gains hence we up 7%. As I type BTC has turned positive for the day atm, which if it holds will give us the late afternon caffeine boost. GL
Morning Jinkar, yes hopfully hold and extend £6 ...catching up with underlying assets. Mara held well yesterday in the USA . Bitcoin still above 42000... alot of talk about the FDA allowing ETF in the US and the halving event in April powering the rise.
🚀 £6 paid. Will it hold?
Merry Xmas🐶 Yes was a good day Friday after close here 3 shares were in double digits. BTC climbed a little, after our close. Check on Tuesday if it continues then Wednesday morning should be interesting😁. YouTube channel InvestAnswers did a slot on BTC & miners a couple of days ago to give you some background depending on your knowledge.
Happy Xmas Jinkar, all the major crypto underlying stocks went up nicely on Friday. Hopefully if btc holds we should rise when the uk market opens again.
🚀
Yes it is rising. If you believe the BTC ETF is coming and you believe in the historical evidence of what happens around the BTC halving then this is a one way bet. If only it was so certain! The ETF's constituent parts act as a leveraged play to BTC dominance. The ETF got to £18 when BTC hit $64k in 2021. It's all about BTC price appreciation and if you believe what MSTR boss says he aint selling and he owns a lot. As for me long term, I'm bullish on Bitcoin.
Hi Jinkar, rising nicely indeed and a relatively safe bet on crypto due to the underlying assets the fund holds.
Only downside is very few ISA providers seam to allow you to hold this. Can't hold it in my barclays isa , but HL allow it .
👍😁
Should be up first thing. Hope we still have Iris, 38% today.
MONEY!!!
Should be up today.
5 quid end of the week?
Absoulutely, if the previous halving gives us any indication. Macro wise as long as interest are stagnant and start to come down and economies pick up "should" be happy days.
Much more to come on this once we approach and pass the halving.
Big Rise on $40k BTC
Come On!