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The largest bitcoin miner in May sold 63% of the $BTC mined after the halving of $BTC Mining company Marathon Digital has sold 63% of all the bitcoins (BTC) it has mined since the halving that occurred in late April. At the end of May, Marathon had $290.4 million in cash and cash equivalents on its balance sheet. This large volume of BTC sales stood out against the performance of other miners. Riot Platforms, for example, reported no BTC sales in May, while it mined 215 bitcoins. CleanSpark mined 417 BTC last month, but sold only a small fraction of that - just 2.43 BTC. Miners have been adjusting their activities since the latest bitcoin halving, in which the reward for mining BTC is cut in half every 210,000 blocks, or roughly every four years. The most recent cut occurred on April 20, reducing miners' rewards from 6.25 BTC to 3.125 BTC per mined block. “We mitigated the impact of the April halving by increasing the number of blocks mined, resulting in 616 bitcoins, which represents a decline of only 27%,” said Fred Thiel, chairman and CEO of Marathon Digital. Marathon Digital mined 170 blocks in May 2024, a 32% increase from April. Bitcoin miners are looking to improve their technical capabilities and efficiency to remain competitive in the face of shrinking rewards. CleanSpark, for example, is said to be “very active in mergers and acquisitions.” The company plans to close its recently acquired Wyoming branches in the coming weeks while it looks for “additional opportunities.” Meanwhile, Marathon is exploring overseas expansion opportunities. The company recently announced a partnership with the Republic of Kenya's Ministry of Energy and Petroleum to optimize renewable energy projects across the country. Another move includes a pilot project in Paraguay to optimize its energy mix. “We aim to generate 50 per cent of our revenue from abroad by 2028,” Thiel noted. Bitcoin miners can help optimize the energy infrastructure by acting as a flexible load that stabilizes the grid.
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TON partners with Tether to introduce USDT Tether and the TON Foundation have announced a partnership whose main goal is to make USDT stablecoin available to every user The issuer of the market's most popular steiblcoin and the non-profit organization behind the development of The Open Network (TON) have planned more than 100 integrations for wider USDT adoption on TON. TON is for everyone According to the press release, the business development teams of Tether and the TON Foundation are playing a major role in the project. They are the ones negotiating with local partners and communities around the world. Various payment projects from Africa, Southeast Asia, Europe, the Middle East and Latin America have already joined the platforms. In the coming weeks and months, TON Foundation will announce collaborations with new cryptocurrency exchanges. Through these partnerships, the nonprofit organization wants to provide users with even more opportunities to access and trade Toncoin (TON) and USDT on the TON blockchain. In the announcement, the representatives noted that anyone can contribute to the successful rollout of the integrations. To do so, one needs to stay up to date with updates and utilize USDT on TON with blockchain partners. "The integration of USDT on TON with over 100 local partners marks an important milestone in our journey to global adoption. With a dedicated team, strategic partnerships, and a community-centered approach, our primary goal in building TON is to change the Web3 landscape. Together, we can make USDT available to every wallet, creating a future where blockchain technology is accessible to everyone,” the statement said. Tether included TON among its supported networks in April this year. The decision is in line with the broader strategy of the project, which is increasingly adopting blockchain technology through messenger Telegram. The latter recently switched to paying for advertising in Toncoin. Earlier, the Tonkeeper cryptocurrency wallet, originally created for TON, added “gas-free” payments in USDT.
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