The Bitcoin mining sector sees major developments with the Trump family officially entering the space through a partnership between HUT 8 Corp and Eric Trump to launch American Bitcoin Corporation while Marathon announces plans to raise $2 billion for additional Bitcoin purchases.
• HUT 8 Corp partners with Eric Trump to launch American Bitcoin Corporation targeting 50 exahash efficiency below 15 joules/terahash
• Eric Trump joins as Chief Strategy Officer with Mike Ho as Chairman and Max Prusak as CEO
• Marathon Digital announces plans to raise additional $2 billion to purchase Bitcoin despite price being down $10,000 from Q4 close
• Iren pauses Bitcoin mining expansion while maintaining 52 exahash year-end target to focus on HPC/AI capabilities
• CoreWeave completes IPO at $40 per share, reducing pressure on potential Core Scientific deal
• Michael Saylor's MicroStrategy purchases additional 22,048 Bitcoin for nearly $2 billion
• Bitcoin mining stocks continue to face pressure, down approximately 45-50% since January despite positive developments
• Minor Madness 2.0 competition reflects market challenges with most participants in negative territory
Join us for Minor Madness 3.0 competition signups starting tomorrow with great prizes for the upcoming Q2 trading competition.
