There's now major upside to crypto mining stocks, even with significantly lowered earnings and hashrate projections.
Private and publicly listed crypto miners owe up to $4 billion in debt used to finance the construction of gargantuan facilities across North America, according to industry participants and data compiled by CoinDesk.
The crypto hedge fund also exceeded the threshold of assets it could manage in Singapore, according to the central bank.
The company appointed co-founder and Chief Technology Officer Paul Gosker and Chief Mining Officer Thomas Heller as interim co-presidents and CEOs.
The investment will enable Kaiko to further strengthen its institutional data products and infrastructure, it said.
Bit Digital Production Slump Continued Into Q1, Strikes Deals With Coinmint, Riot to Increase Hashrate
The bitcoin miner has struggled to recover its hashrate since moving its operations out of China.