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#Binance Australia's derivatives business is under review by #ASIC following the incorrect classification of 500 users as "wholesale investors" resulting in closed positions. Binance promised to compensate the users but has not reported the matter to ASIC yet. #BNB #BTC
#Binance Australia's derivatives business is under review by #ASIC following the incorrect classification of 500 users as "wholesale investors" resulting in closed positions. Binance promised to compensate the users but has not reported the matter to ASIC yet.

#BNB #BTC
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Northern Data secures $610 million in financing from Tether Group for expansion Northern Data AG (ETR:NB2), one of Europe's leading Bitcoin miners, provided $610 million in unsecured debt financing from a company within the Tether Group. The loan, which matures in 2030, aims to support Northern Data's three main business lines: Taiga Cloud, Ardent Data Centers and Peak Mining. The funding will primarily be directed towards enhancing Taiga Cloud's AI capabilities through the procurement of advanced hardware. It will also support the growth of Ardent Data Centers and increase Bitcoin mining operations through Peak Mining, which uses liquid-cooled mining technology. This expansion initiative follows advancements in #ASIC technology that has significantly increased crypto mining efficiency while reducing environmental impact. ASICRUN's innovative models AR1, AR2 and EliteAR miners are leading this technological advancement with their superior hash rates and energy efficiency. Under current market conditions, these miners can generate significant income in Bitcoin, Litecoin and Dash. Tether Group's relationship with Northern Data dates back to September, when it acquired a stake in the company and entered the artificial intelligence space. As of its Q3 certification report, held total reserves of $86.4 billion against liabilities of $83.2 billion and reported an excess reserve of $3.2 billion. Tether, the issuer of USDT, currently has a market cap of $84.9 billion, according to . The significant loan offered to Northern Data is expected to significantly enhance the company's operations and impact its position as a leading miner in Europe.
Northern Data secures $610 million in financing from Tether Group for expansion

Northern Data AG (ETR:NB2), one of Europe's leading Bitcoin miners, provided $610 million in unsecured debt financing from a company within the Tether Group. The loan, which matures in 2030, aims to support Northern Data's three main business lines: Taiga Cloud, Ardent Data Centers and Peak Mining.

The funding will primarily be directed towards enhancing Taiga Cloud's AI capabilities through the procurement of advanced hardware. It will also support the growth of Ardent Data Centers and increase Bitcoin mining operations through Peak Mining, which uses liquid-cooled mining technology.

This expansion initiative follows advancements in #ASIC technology that has significantly increased crypto mining efficiency while reducing environmental impact. ASICRUN's innovative models AR1, AR2 and EliteAR miners are leading this technological advancement with their superior hash rates and energy efficiency. Under current market conditions, these miners can generate significant income in Bitcoin, Litecoin and Dash.
Tether Group's relationship with Northern Data dates back to September, when it acquired a stake in the company and entered the artificial intelligence space. As of its Q3 certification report, held total reserves of $86.4 billion against liabilities of $83.2 billion and reported an excess reserve of $3.2 billion. Tether, the issuer of USDT, currently has a market cap of $84.9 billion, according to .

The significant loan offered to Northern Data is expected to significantly enhance the company's operations and impact its position as a leading miner in Europe.
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🚀🚀🚀 #Blockstream Gears Up for Mining with $5M Raise: New #ASIC Miners on the Horizon 🚀🚀🚀 Bitcoin mining leader Blockstream has successfully secured $5.07 million in its Series 1 "BASIC Note" raise. This funding will primarily fuel the acquisition of new, high-performance #Antminer S19k Pro ASIC miners, solidifying Blockstream's position in the mining landscape. Key points: 1. $5M Series 1 Raise: Blockstream secured $5.07 million through its innovative BASIC Note investment instrument. 2. ASIC Miner Acquisition: A significant portion of the funds will be used to purchase powerful Antminer S19k Pro ASIC miners. 3. Partnership with SunnySide Digital: Blockstream has partnered with SunnySide Digital to facilitate the miner acquisition at a secured price. 4. Boosting Mining Capacity: The new miners will enhance Blockstream's Bitcoin mining capabilities and potentially increase its revenue. Potential implications: - Increased Hashrate: The acquisition of new miners could lead to a higher hash rate for Blockstream, contributing to network security and stability. - Competitive Edge: Expanding its mining capacity could provide Blockstream with a competitive advantage in the Bitcoin mining industry. - Further Investment in Blockchain Technology: The remaining funds from the raise may be used to support further development and innovation within the blockchain space. This move by Blockstream highlights the growing importance of mining within the Bitcoin ecosystem and the potential for innovative financial instruments like the BASIC Note to attract investment. Stay tuned for further updates on Blockstream's mining endeavors and the potential impact on the Bitcoin network. #ASICMINER #BinanceSquare
🚀🚀🚀 #Blockstream Gears Up for Mining with $5M Raise: New #ASIC Miners on the Horizon 🚀🚀🚀

Bitcoin mining leader Blockstream has successfully secured $5.07 million in its Series 1 "BASIC Note" raise. This funding will primarily fuel the acquisition of new, high-performance #Antminer S19k Pro ASIC miners, solidifying Blockstream's position in the mining landscape.

Key points:

1. $5M Series 1 Raise: Blockstream secured $5.07 million through its innovative BASIC Note investment instrument.

2. ASIC Miner Acquisition: A significant portion of the funds will be used to purchase powerful Antminer S19k Pro ASIC miners.

3. Partnership with SunnySide Digital: Blockstream has partnered with SunnySide Digital to facilitate the miner acquisition at a secured price.

4. Boosting Mining Capacity: The new miners will enhance Blockstream's Bitcoin mining capabilities and potentially increase its revenue.

Potential implications:

- Increased Hashrate: The acquisition of new miners could lead to a higher hash rate for Blockstream, contributing to network security and stability.

- Competitive Edge: Expanding its mining capacity could provide Blockstream with a competitive advantage in the Bitcoin mining industry.

- Further Investment in Blockchain Technology: The remaining funds from the raise may be used to support further development and innovation within the blockchain space.

This move by Blockstream highlights the growing importance of mining within the Bitcoin ecosystem and the potential for innovative financial instruments like the BASIC Note to attract investment.

Stay tuned for further updates on Blockstream's mining endeavors and the potential impact on the Bitcoin network.

#ASICMINER #BinanceSquare
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