BitFury
Crypto CEOS Testifying at Landmark Hearing
Amidst regulatory uncertainty, FTX’s Sam Bankman-Fried, Bitfury’s Brian Brooks, and Circle’s Jeremy Allaire are among the six executives speaking at today’s House Financial Services Committee hearing. CoinDesk’s Nikhilesh De discusses the potential outcomes. Plus, the Senate Banking Committee will reconvene next Tuesday to discuss stablecoins.
Crypto CEOs to Testify Before House Financial Services Committee
FTX’s Sam Bankman-Fried, Bitfury’s Brian Brooks and Circle’s Jeremy Allaire are among the executives who will speak at the Dec. 8 hearing.
Bitfury Hires Former Binance US Chief Brian Brooks as CEO
Brooks is replacing Valery Vavilov, who will stay on as Bitfury’s “chief vision officer.”
Cipher Mining to Purchase 28K to 56K Mining Rigs From Bitfury
Each bitcoin mining machine will have a maximum price of $6,250.
Bitcoin Miner Bitfury Plans to Go Public With Value in ‘Billions of Pounds:’ Report
The company is reportedly valued at around $1 billion with investors that include Mike Novogratz’s Galaxy Digital.
US-Based Cipher Mining Goes Public Via SPAC Merger
Cipher Mining, a newly formed U.S.-based subsidiary of Bitfury, is going public after being valued at $2 billion. CEO of Cipher Mining Tyler Page discusses his company's plans, including Cipher Mining's locations in Texas and Ohio, the SPAC merger process and the current market appetite for public companies that offer exposure to the Bitcoin ecosystem.
Bitfury Unit to Merge With SPAC to Create Bitcoin Mining Company With $2B Enterprise Value
The mining SPAC has an expected value of $2 billion.
Bitfury to Sell at Least Part of Its 38% Stake in Bitcoin Miner Hut 8
Bitfury current holds 37.2 million shares of Hut 8.
Ukraine's Digital Ministry to Trace Suspicious Crypto Using Crystal Blockchain Software
Government officials hope the partnership will fast-track the maturation of Ukrainian crypto markets.
Russia's FSB Is Making Life Harder for Blockchain Companies
The FSB, Russia’s security agency, wants blockchain companies to certify with them. This could push foreign companies out of the market.
