Bitdeer announced a private placement financing of up to $150 million, and TETHER expressed its anticipation to collaborate with them. RIOT PLATFORMS disclosed its financial report, achieving a net profit of $2.118 billion. Mining companies such as MARATHON DIGITAL and CORE SCIENTIFIC released operational reports showcasing strong performance. Canaan Technology launched the new mining machine series AVALON A15. President Biden of the United States banned a Chinese-controlled cryptocurrency mining company from owning property near an Air Force base in Wyoming. El Salvador mines Bitcoin through geothermal energy. Bitcoin mining company MARATHON DIGITAL reached an agreement with the Kenyan Ministry of Energy and Petroleum to invest over $80 million in developing energy infrastructure. Abu Dhabi prohibits farms from being used for cryptocurrency mining. RIOT PLATFORMS seeks to acquire BITFARMS, offering a $950 million equity value acquisition proposal.

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Author|Wu mentioned that the blockchain is supported by the Nasdaq-listed mining company Bitdeer.1. Bitdeer announced a private placement of up to $150 million. Tether stated that Bitdeer is one of the most powerful vertically integrated operators in the Bitcoin mining industry, with cutting-edge technology and a strong research institution that sets it apart. They look forward to close cooperation with Bitdeer in several key infrastructure areas. The transaction generated total proceeds of $100 million from the stock issuance and can provide an additional $50 million if the warrants are fully exercised.2. Bitcoin mining company Riot Platforms released its first-quarter financial report for 2024, with a net profit of $211.8 million and earnings per share of $0.82, reaching a quarterly performance record. The total revenue for the quarter was $79.3 million (mining revenue and engineering revenue), with mining revenue at $74.6 million, producing a total of 1364 BTC at an average mining cost of $23,034. Operating capital for the quarter was $692.5 million, including $688.5 million in cash and 8490 undistributed BTC.3. Bitcoin mining company Marathon Digital released its April operational report, producing a total of 850 BTC this month, a 21% year-on-year increase. In April, 600 BTC were sold to support monthly operations, financial management, and general corporate purposes. As of April 30, the mining company held 17,631 BTC, with the total balance of unrestricted cash, cash equivalents, and BTC decreasing from $1.563 billion to $1.214 billion.4. Marathon Digital mined a total of 2811 BTC (approximately $176 million) in the first quarter of 2024. The company's net profit for the first quarter increased by 184% year-on-year to $337.2 million, with revenue growing by 223% to $165.2 million. Marathon Digital revealed that 26% of the mined BTC was sold in the first quarter to cover operating costs. The company currently has $1.6 billion in capital reserves, including cash, cash equivalents, and BTC. (The Block)5. Bitcoin mining company Core Scientific released its unaudited production and operational updates for April 2024, mining 803 BTC in April, with a total reserve of 3628 BTC; completed the deployment of the new Bitmain S21 mining machines; as of April 30, 2024, operated approximately 224,000 self-owned and hosted BTC mining machines, with a total hash rate of 26.7 exahash. In the first quarter of 2024, Core Scientific independently mined BTC worth over $175 million (2825 coins), achieving a net profit of $210.7 million, compared to a net loss of about $400,000 in the same period last year. The company's total revenue was $179.3 million, with adjusted EBITDA of $88 million.6. After S&P Global announced the inclusion of Marathon Digital in the small-cap stock index, the Bitcoin mining company's stock price rose by 18% on Monday, increasing its market value by approximately $800 million. In addition, Marathon submitted an 8-k to the SEC on the same day outlining executive bonus structures worth a cumulative $32.9 million. Executives receiving bonuses include CEO Fred Thiel, CFO Salman Khan, and General Counsel Zabi Nowaid. However, Marathon Digital's stock price has still fallen by 9.8% year-to-date. (The Block)7. Other listed Bitcoin mining companies such as Bitfarms, Cipher, CleanSpark, Core Scientific, Riot, and Terawulf reported that due to the strong Bitcoin fee market (mainly due to the launch of Runes), the Bitcoin production in April only decreased by about 6% to 12% temporarily offsetting the halving effect. However, with the waning enthusiasm for Runes, it is expected that the Bitcoin production of major mining companies may significantly decrease year-on-year in May.8. Bitcoin mining machine manufacturer Canaan Technology announced the launch of the Avalon A15 series product A1566. This upgraded Bitcoin mining machine has an energy efficiency ratio of 18.5J/T, a hash rate of 185T, and a power consumption of 3420W.9. U.S. Bitcoin mining company CleanSpark released its latest quarterly financial report, with quarterly revenue increasing to $1.118 billion as of March 31, 2024, net profit of $126.7 million, and adjusted EBITDA of $181.8 million. In addition, CleanSpark held $323 million in cash and $358 million in Bitcoin at the end of this quarter.10. Bitdeer announced its first-quarter financial report for 2024, with total revenue in the first quarter reaching $119.5 million, a 64.6% year-on-year increase; net profit was $600,000, compared to a net loss of $9.5 million in the same period in 2023; adjusted profit was $8.4 million; adjusted EBITDA was $26 million. As of March 31, 2024, it held $1.185 billion in cash and cash equivalents; managed 226,000 ASIC mining machines; mined 911 BTC in the first quarter of 2024, with a total hash rate of 22.5 EH/s.11. U.S. President Biden issued an order prohibiting a Chinese-controlled cryptocurrency mining company from owning property near an Air Force base in Wyoming, citing national security risks.Biden further demands the withdrawal of investment in the property. According to a statement released by the U.S. Department of the Treasury on Monday, the property is only one mile away from the Francis Warren Air Force Base. MineOne Partners Limited, a Chinese-owned entity, acquired the property in June 2022 and renovated it for cryptocurrency mining operations. Since September 2021, El Salvador has mined 473.5 BTC, valued at around $29 million, powered by geothermal energy generated by the country's Tecapa volcano. The official government entity of El Salvador, the 'Bitcoin Office,' reports that the government treasury now holds 5,750 BTC, valued at approximately $354 million. Earlier this year, El Salvador installed 300 processors to mine BTC using the volcano; out of the 102 megawatts (MW) produced by state-owned power plants, 1.5 MW is used for cryptocurrency mining. Additionally, the 'Bitcoin Office' of the country stated that mining companies Foundry USA, Ant Pool, ViaBTC, F2Pool, and Binance Pool have pooled their resources to compete for rewards to launch a blockchain that can verify Bitcoin transactions from the power plants over the past three years. Bitcoin mining company Bitfarms announced that it recently doubled the contracted power capacity of its Paraguay Yguazu facility from 100 MW, and in April, received confirmation from the Canadian tax authorities that the previously paid $24 million in value-added tax will be refunded, reducing the average direct production cost per BTC by $2,100 in the first quarter of 2024. Bitfarms sold 941 BTC in the first quarter of 2024 at an average price of $52,700, generating total revenue of $50 million, and in April 2024, sold 245 out of 269 BTC, earning $16 million. Canaan Technology disclosed its financial report for the first quarter of 2024, with total revenue of $35.09 million as of March 31, 2024, including product revenue of $23.44 million and mining revenue of $10.46 million; a net loss of $39.39 million, a 71.7% decrease from the previous quarter; the company's Bitcoin holdings exceeded 1,000 coins for the first time, reaching 1,057 coins. Canaan stated that it is about to deliver a large number of Avalon A14 series and launch the Avalon A1566 miner, with customer prepayments nearly doubling compared to the end of 2023, which will be converted into revenue in the second and third quarters. Somboun Sangxayarath, an advisor to the state-owned power company Electricite du Laos (EDL), stated that due to cryptocurrency mining and unstable rainfall, Laos' electricity demand has increased, leading to power shortages. Sangxayarath mentioned that the policy to establish data centers in 2021 has driven the prosperity of cryptocurrency mining businesses, which now account for more than a third of Laos' electricity demand, while reduced rainfall has hampered hydroelectric production, causing power outages. Laos stated last year that it would not supply power to cryptocurrency projects that have not yet started operations. Bitcoin-listed mining company and blockchain technology provider Phoenix Group released its first-quarter financial report. The net profit for the first quarter reached $66.2 million, a 166% year-on-year increase; total assets increased by 237% year-on-year, rising from $261 million to $879.3 million; total assets increased by 5% quarter-on-quarter; revenue increased by 18% quarter-on-quarter, reaching $69 million; gross profit increased by 82.8% quarter-on-quarter, reaching $23.28 million; total comprehensive income increased by 312% year-on-year to $102.28 million, a 33.7% increase quarter-on-quarter; earnings per share were $0.011. The Venezuelan government recently announced the disconnection of all national Bitcoin mining farms from the national power system due to frequent power outages, power distribution issues, and a digital platform fraud investigation against the national oil company PDVSA. Additionally, in a recent raid in the state of Aragua, the government seized 2,300 Bitcoin mining machines. Bitmain's Bitcoin mining company BitFuFu released its first-quarter financial report for 2024, with total revenue of $1.444 billion as of March 31, 2024, and a net profit of $35.3 million; the combined balance of cash, cash equivalents, and digital assets was $163.7 million; mined 1,103 BTC in the first quarter, with an average mining cost of $39,000; total mining capacity of 28.6 EH/s. Bitcoin mining company Marathon Digital (MARA) reached an agreement with the Kenyan Ministry of Energy and Petroleum to invest over $80 million in developing Kenya's energy infrastructure. The collaboration aims to 'monetize underutilized energy and jointly develop technological projects,' stated Marathon CEO Fred Thiel. This investment will be used for green data centers, including foreign investments, but the funding sources were not specified. The Abu Dhabi Agriculture and Food Safety Authority issued a notice prohibiting the use of farms for cryptocurrency mining, with violators facing fines of up to 10,000 dirhams (approximately $2,722). Nevertheless, the UAE remains a friendly region for Bitcoin mining, with data from 2023 showing that its Bitcoin mining capacity accounts for about 4% of the global hash rate. Cryptocurrency mining company Riot Platforms seeks to acquire Bitcoin mining company BitFarms. Riot Platforms has acquired 9.25% of BitFarms' shares and plans to publicly issue a takeover offer, but the company rejected it last month.Insiders have revealed that Riot has proposed to acquire Bitfarms for $2.30 per share in cash and stock, equivalent to a $950 million equity value. Riot believes that recent management changes at Bitfarms indicate governance issues and plans to initiate a vote to increase the number of directors at this Canadian company.

Bitdeer raised $150 million in funding, RIOT released financial reports, Canaan introduced new mining machines, Biden bans Chinese mining companies, RIOT seeks to acquire BITFARMS