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Hut 8 Bitcoin mining facility and GPU service program launch
AI computing

Hut 8 Converts $38 Million Loan into Stock, Strengthens Financial Position

Hut 8 has repaid a $38 million loan by converting it into stock, enhancing its balance sheet. CEO Asher Genoot emphasizes better positioning for growth. Explore Hut 8's new GPU-as-a-service initiat...

2040 EnergyProton Management legal defense regarding Swan Bitcoin allegations

Proton Management Refutes Swan Bitcoin's Allegations of Mining Theft

Proton Management has denied allegations from Swan Bitcoin regarding the theft of its mining business, asserting that Swan does not own any mining operations and that 2040 Energy, a separate entity...

Bitcoin MiningJudge dismisses lawsuit against Iris Energy over IPO misleading claims

Judge Dismisses Class-Action Lawsuit Against Iris Energy Over IPO Claims

A US District Court judge dismissed a class-action lawsuit by investors against Iris Energy, ruling they failed to prove the firm misled them during its 2021 IPO. The case highlighted investor conc...

Bitcoin MiningCleanSpark's mining facility affected by Hurricane Helen in Georgia.

CleanSpark's Georgia Facility Aims for Full Recovery by October 4 Post-Hurricane

CleanSpark expects to fully restore operations at its Georgia facility by October 4 following Hurricane Helen's impact. The mining company's capacity has recovered to 200MW with plans to reach 28 E...

Bitcoin miningSwan Bitcoin logo with a gavel indicating legal issues.

Swan Bitcoin Files Lawsuit Against Ex-Employees for Alleged Theft of Mining Operations

Swan Bitcoin has initiated legal action against former employees, claiming they stole trade secrets to create an illegal mining venture, Proton Management, with Tether's assistance. The lawsuit ind...

AI computingHut 8 launches GPU as a Service business for AI processing.

Hut 8 Launches Revenue-Generating GPU as a Service Business

Bitcoin mining company Hut 8 has announced its new GPU as a Service (GPUaaS) business that is already generating revenue. The service allows customers to lease GPU power for AI processing and invol...