Dogecoin price, dogecoin mining, dogecoin thumzup. Photo by BeInCrypto Trump family-linked Thumzup Media Corporation, an AdTech and cryptocurrency mining firm, has provided DogeHash Technologies, an industrial-scale Dogecoin (DOGE) mining company, with a $2.5 million boost.  The capital infusion aims to bolster DogeHash's operations amid rising mining difficulty and optimistic price forecasts for Dogecoin (DOGE). Thumzup Injects $2.5 Million Ahead of Dogecoin Mining Firm’s Takeover Thumzup, in which Don ...

We recently published 10 Stocks With 10-60% Upside. MARA Holdings, Inc. (NASDAQ:MARA) is one of the top performers on Monday. MARA Holdings grew its share prices by 15.69 percent on Monday to end at $18.66 apiece as investor sentiment was boosted by an overall optimism for the Bitcoin industry, with a company chief executive projecting it to grow past the $200,000 level. During the session, MARA Holdings, Inc. (NASDAQ:MARA) climbed alongside its peers, namely Riot Platforms, CleanSpark, and Galaxy Digita ...

Core Insights - Kentucky Senator Brandon Smith is involved in two legal cases related to his Bitcoin mining repair business, Mohawk Energy, which transitioned from coal cleanup to Bitcoin mining services in 2022 [1][4] - The first lawsuit, filed by Ricky Dale Cole, alleges misrepresentation of the company's value and failure to share financial information after Cole sold a warehouse to Mohawk for a 20% stake [2][3] - The second lawsuit, from HBTPower, claims breach of contract and misrepresentation regarding a training agreement for Bitcoin mining machine repairs [3][4] - Despite these legal challenges, Smith remains optimistic about the future of the cryptocurrency industry in the U.S. and Kentucky, emphasizing the company's commitment to job creation and technology training [4][5] Company Overview - Mohawk Energy, co-founded by Smith, shifted its focus to Bitcoin mining services in 2022, moving away from its original coal cleanup operations [1] - The company has faced legal scrutiny but continues to pursue its mission of job creation and training in the region [4][5] - Smith has played a significant role in advancing crypto-related legislation in Kentucky, including tax incentives for cryptocurrency mining investments [5] Industry Context - The U.S. cryptocurrency mining sector has experienced rapid growth, with the number of Bitcoin mining sites increasing by 23% from 2022 to 2024, reaching a total of 48 sites [5]

Core Points - Bit Digital (BTBT) shares fell 8% to $2.92 following the announcement of a $135 million convertible note offering [1] - The size of the convertible senior notes offering was increased from $100 million, with underwriters having a 30-day option to purchase an additional $15 million [1] - The notes will mature on October 1, 2030, unless converted, redeemed, or repurchased earlier [1] Financial Details - The initial conversion price is set at $4.16 per share, which is a 30% premium over Bit Digital's closing price of $3.20 on September 29 [2] - Expected net proceeds from the offering are approximately $128.9 million, or $143.3 million if the underwriters fully exercise their option [2] - The company plans to use the funds primarily for purchasing ether (ETH), currently holding 121,252 ETH at an average acquisition cost of $2,635 [2] Market Context - A similar situation occurred with Cipher Mining (CIFR), where shares dropped 19% over two days following a convertible notes issuance [3]

Core Insights - Thumzup Media Corporation has provided a $2.5 million loan to DogeHash Technologies Inc. to enhance its Dogecoin mining capacity and expedite the deployment of next-generation ASIC miners [1][2][4] - This financing is part of Thumzup's strategic push into the cryptocurrency ecosystem, aiming to scale its Dogecoin mining operations significantly [2][4] - The loan is expected to facilitate the addition of over 500 new ASIC miners, potentially increasing the total operational rigs to more than 4,000 by the end of the year [2][4][8] Company Strategy - Thumzup is positioning itself as a transformative leader in cryptocurrency mining and digital asset strategy through various initiatives, including treasury purchases of DOGE and the establishment of a Crypto Advisory Board [4][5] - The company is expanding its treasury strategy to include multiple leading cryptocurrencies beyond Bitcoin, reinforcing its commitment to financial innovation [5] DogeHash Technologies - DogeHash is focused on industrial-scale Dogecoin mining, operating a fleet of thousands of Scrypt miners in North America [6] - The company aims to develop a strategic treasury reserve to capture long-term value from mined assets while leveraging next-generation Scrypt hardware for efficient mining [6]

Core Insights - Crypto mining companies are negotiating contracts with Brazilian electricity providers to utilize the country's surplus renewable energy without straining the grid during peak demand periods [1][5]. Group 1: Industry Developments - Following Tether's investment in Brazil, there are at least six negotiations for small and medium-sized enterprises, along with one larger project of up to 400 megawatts (MW) [2]. - Brazil's energy oversupply is a result of government incentives that led to a boom in wind and solar investments, with some plants wasting as much as 70% of the power they generate due to inadequate transmission infrastructure [6]. Group 2: Company Initiatives - Tether is leveraging its acquisition of Adecoagro to utilize renewable energy from sugarcane mills for a bitcoin mining operation in Brazil [4]. - Renova Energia is investing $200 million in a 100-MW mining project in Bahia, consisting of six data centers powered by a wind farm, aiming to expand its market presence [5]. - Enegix, a crypto miner from Kazakhstan, is exploring mobile data centers that can be plugged directly into power plants in Brazil's northeast, which has the highest energy surplus [7].

Core Insights - IREN stock has increased nearly four times year-to-date to approximately $42, despite a recent 10% drop following a downgrade by JPMorgan from neutral to underweight [2] - The company has transitioned from being solely a Bitcoin miner to a provider of AI cloud infrastructure, which has contributed to its stock surge [3] - IREN benefits from low energy costs, fully powered by renewable energy, with average electricity costs at approximately $0.033 per kilowatt-hour, positioning it as one of the lowest-cost operators in the sector [4] Business Model and Growth - IREN operates a dual business model: Bitcoin mining provides consistent cash flow, while AI cloud services offer significant growth potential, with a target of approximately $500 million in run-rate cloud revenue by Q1 2026 [5] - Revenues have surged from $60 million in FY'22 to about $501 million in FY'25, with forecasts indicating over 120% annual growth for FY'26 and FY'27, projecting sales to exceed $2.45 billion by FY'27 [6] - The company has expanded its AI Cloud capacity to approximately 23,000 GPUs and ordered an additional 12,400 GPUs at a cost near $674 million, while controlling around 3 gigawatts of low-cost power capacity [7] Valuation and Market Position - The stock is currently valued at roughly 43 times its forward earnings and about 10 times its forward sales, reflecting the premium investors are paying for anticipated growth [8] - The competitive landscape includes established cloud service providers and other cryptocurrency miners, with notable execution risks and potential stabilization in demand growth for computing resources over time [8]

Key Points More than one analyst raised their price target on the stock. This followed an exciting development announced by the company late last week. 10 stocks we like better than Cipher Mining › Most stocks get a bump when a single analyst raises an existing price target. On those relatively rare occurrences when several pundits enact such lifts, a company's shares can really take off. A nice pop in the value of a core asset doesn't hurt, either. These were the dynamics behind the more than 10% ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The story about the purchase of Papa John’s pizzas using Bitcoin (CRYPTO: BTC) is legendary, but did you know that someone also once paid for a Big Mac with the world’s largest cryptocurrency Big Mac For 3.5 BTC? Kane Ellis, an Australian entrepreneur, was one of the early believers in Bitcoin and started mining the cryptocurrency in 2010. In a January podcast, he revealed that he was mining three BTC a d ...

BitMine Immersion Technologies Inc. (NYSE: BMNR) is trading around $53 on Monday, up over 5% intraday, as the company disclosed its Ethereum (CRYPTO: ETH) holdings have surpassed 2.65 million, cementing its position as the world's largest ETH treasury. ETH Treasury Expands To $11.6 Billion The company reported total crypto and cash holdings of $11.6 billion, including 2,650,900 ETHvalued at $4,141 per token, 192 Bitcoin, $436 million in cash, and $157 million in "moonshot" equity investments such as Eight ...