Tag: Data

Crypto Exchange WazirX Hacked, Loses Over $230,000,000 in Ethereum, Shiba Inu and Other Assets: On-Chain Data

boss

Hackers have breached and siphoned large amounts of assets from the India-based crypto exchange WazirX. According to blockchain tracking firm Lookonchain, an analysis of on-chain data shows that the exchange lost more than $230 million worth of crypto in the incident. The stolen funds include $52.5 million worth of Ethereum (ETH), $102 million worth of Shiba Inu (SHIB), $11.24 million worth of Polygon (MATIC), $7.6 million worth of Pepe (PEPE), $3.5 million worth of Gala (GALA) and $5.79 million in Tether (USDT). Lookonchain says that the hacker is dumping funds…

Bitcoin miner Crusoe to build ‘multibillion-dollar’ AI data center in Texas

boss

Bitcoin miner Crusoe Energy announced a new multibillion-dollar deal with energy tech company Lancium to build a data center for artificial intelligence in Texas. Crusoe Energy, one of the first Bitcoin (BTC) mining companies in the U.S. to use wasted natural gas to power its operations, announced on Thursday morning a “multibillion-dollar” deal with Lancium to build a 200-megawatt data center for artificial intelligence (AI) in Texas. In the press release, Crusoe said the construction is just the “first phase” of its data center development which will expand to enable…

Bitcoin miner Northern Data files motion to dismiss ex-directors lawsuit

boss

Northern Data has filed a motion to dismiss a lawsuit from former employees, arguing that the court lacks jurisdiction and the claims lack sufficient detail. American branches of the European Bitcoin mining company Northern Data have filed a motion to dismiss a lawsuit brought against them in the Central District Court of California by former employees Joshua Porter and Gulsen Kama. The motion, seen by crypto.news, argues that the court lacks authority over the case, saying “Northern Data is not subject to general personal jurisdiction in California” as the company’s…

Bitcoin miner Northern Data to issue 10.7m new shares to boost cloud platform expansion

boss

European Bitcoin mining company Northern Data AG has announced plans to raise €214 million through a 20% capital increase, issuing 10.7 million new shares. German Bitcoin (BTC) mining company Northern Data AG is set to bolster its operations through a significant capital increase, which is expected to boost its financial reserves by approximately €214 million. In a Jul. 15 press release, the Frankfurt-headquartered company said that it plans to issue 10,699,446 new bearer shares, amounting to 20% of its current share capital, a move that is expected to fuel the…

German Government Is Now out of Bitcoin, Arkham Data Shows

boss

The German government has sold its entire bitcoin holdings, according to data from crypto intelligence firm Arkham. “The German government is now out of bitcoin,” the firm wrote. This divestment began in June, with funds transferred to exchanges and institutional services. German Government Divests All Bitcoin Holdings The German government has sold all its bitcoin […] Original

Bitcoin miner Northern Data forecasts revenue to triple in 2024

boss

Crypto mining giant Northern Data is forecasting its revenue to triple in 2024 as the company doubles down on high-performance computing (HPC) solutions. Northern Data Group, a German-listed Bitcoin mining company, estimates its sales to soar this year up to €240 million, tripling its 2023’s results as the company is betting big on high-performance computing (HPC) solutions for artificial intelligence (AI). In its audited 2023 financial results shared with crypto.news, the Frankfurt-headquartered company reported revenue of €77.5 million, surpassing market guidance of €65 million to €75 million. The company noted…