Weekly mining information (1220-1226)

1、

On December 23, the North American mining company Marathon announced that it had signed a contract with Bitmain to purchase a record number of ANTMINER S19 XP (140 TH/s) Bitcoin mining machines. Shipments during December will increase the computing power by 10 EH/s. It is estimated that there will be more than 71,000 units, and the total amount may exceed 400 million US dollars.

2、

According to Forbes, Wu Jihan said that Matrixport now manages and manages assets of US$10 billion, with an average monthly transaction volume of more than US$5 billion. Bitdeer currently operates five mines in the United States and Norway, and manages more than 100,000 mining machines. . In addition, he said that the current innovation of DeFi is breathtaking.

3、

Economic Information Daily: "On October 12 this year, we received the first batch of monitoring lists for the virtual currency 'mining' handed over by our superiors. After verification, the problematic IPs currently reported are all personal behaviors." A person in charge of the municipal development and reform commission said , The superior department notified that the object of rectification is the "mining" project, requiring it to be included in the eliminated industry, but there are no specific requirements for personal "mining" behavior. "The four households we screened out in our jurisdiction are also residential users, but as long as they don't steal electricity or owe electricity bills, we can't take restrictive measures on them except for continuous monitoring."

4、

According to China.net, the Fuzhou Disciplinary Commission and Municipal Supervision Commission filed a case for review and investigation of Luo Shunquan, former member of the Party Working Committee and former deputy director of the Management Committee of the Fuzhou High-tech Industrial Development Zone, for serious violations of discipline and law. After investigation, Luo Shunquan lost his ideals and beliefs, abandoned his original mission, failed to implement the decision-making and deployment of the Party Central Committee, violated the new development concept, introduced, supported and directly participated in enterprises engaging in virtual currency "mining" activities that did not meet the requirements of the national industrial policy, using power for personal gain, and "Mining" companies work together to form a community of interests and resist organizational censorship.

5、

Economic Daily: Virtual currency “mining” regulation cannot be left in a blind spot. In the future, with the elimination of regulatory blind spots one by one, it is believed that the realization of the goal of zeroing virtual currency “mining” will not be too far away.

6、

The data shows that the revenue of Bitcoin mining (excluding electricity charges) in 2021 will exceed 15 billion U.S. dollars, a year-on-year increase of 206%. Among them, March reached its peak, with revenue of approximately US$1.75 billion (including US$167 million in electricity charges). (The Block)

7、

BTBT, which Yuhong used to serve as CSO, released its financial report for the third quarter, announcing that it has 27,744 mining machines and dug out 248.4 bitcoins in the third quarter. Currently, there are no mining machines in China. Because the number of bitcoins mined in the third quarter of the migration is much smaller than the 562 mined in the second quarter.

8、

Bitcoin mining company Stronghold Digital Mining said in a document on Monday that it is purchasing 9,080 Bitmain and MicroBT mining machines, and the estimated computing power will increase by about 826 PH/s.

Stronghold said it also signed an equipment financing agreement with investment firm NYDIG on Dec. 15 for up to $54 million. The deal is secured by the purchase of 12,000 S19j Pro Antminers from Bitmain, and Stronghold has received an advance payment of $18.6 million. The interest rate on the total principal outstanding is 9.85%, which will be repaid within 24 months. (CoinDesk)

9、

Columbia-based TAAL purchased a 100% stake in New Brunswick, Canada-based Chief Fuels for a warehouse it plans to convert into a bitcoin mining farm with a capacity of up to 50MW. (DCD)

10、

Bitcoin mining company Bit Digital, Inc. announced today its unaudited financial results for the third quarter ended September 30, 2021. The main contents are as follows:

- Bitcoin mining revenue was $10.4 million.

- 248.4 BTCs were produced in this quarter, compared with 562.9 BTCs in the second quarter, the reason for the decline is the migration of miners and the redeployment of mining machines.

- There are no mining machines stranded in China. As of September 30, 2021, 100% of mining rigs were deployed in North America, either in operation or awaiting installation.

- Including the 851 mining machines purchased in the third quarter, there are currently 27,744 mining machines in total.

- Non-GAAP earnings from operations of $4.8 million, or $0.09 per common share.

- Non-GAAP net income of $4 million, or $0.07 per common share.

- As of September 30, 2021, the company had cash and cash equivalents of $26.5 million and total liquidity (defined as cash and digital assets) of approximately $61.5 million. (PR Newswire)

11、

On Dec. 24, cryptocurrency mining company Creek Road Miners announced that it had purchased 600 Bitmain Antminer S19xp (140Th) machines. Creek Road Miners CEO Scott D. Kaufman said of the acquisition, "In 2022, we will expand our business by executing on five cornerstone strategies. We value and appreciate Bit Continued support from the mainland." (financemagnates)

12、

On Dec. 24, chip design and manufacturing company Mux Miner announced that it is creating a "new system for cryptocurrency miners" that will allow people unfamiliar with cryptocurrency mining to work more freely. Previously, Mux Miner has reached cooperation with Kraken, ASG Expertise, FIS, etc. (media)

13、

On Dec. 24, miners remained bullish on Bitcoin, with their current inventory balances at a six-month high, according to CryptoQuant data. According to an article by Venturefounder, one of its analysts, miners now own more Bitcoin than when Bitcoin reached its all-time high of $69,000. Miners have been building up inventories since July this year, he added. (U. Today)

14、

According to the "Notice on Further Preventing and Dealing with the Risk of Hype in Virtual Currency Transactions" issued by the central bank and other departments, the content of this article is only for information sharing, and does not promote or endorse any operation and investment behavior. Readers are requested to strictly abide by the laws and regulations of the region and do not participate in Any illegal financial conduct. Wu said that without permission, it is forbidden to reprint or copy the content, and those who violate it will be investigated for legal responsibility.

According to the "Notice on Further Preventing and Dealing with the Risk of Hype in Virtual Currency Transactions" issued by the central bank and other departments, the content of this article is only for information sharing, and does not promote or endorse any operation and investment behavior. Readers are requested to strictly abide by the laws and regulations of the region and do not participate in Any illegal financial conduct. Wu said that without permission, it is forbidden to reprint or copy the content, and those who violate it will be investigated for legal responsibility.