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20.04.26 - 18:39
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Aluminum Giant Alcoa To Sell Dormant Smelter To Bitcoin-Miner NYDIG: Report (ZeroHedge)
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Aluminum Giant Alcoa To Sell Dormant Smelter To Bitcoin-Miner NYDIG: Report
Authored by Amin Haqshanas via CoinTelegraph.com,
US aluminium giant Alcoa is reportedly nearing a deal to offload its long-idle Massena East smelter in upstate New York to Bitcoin mining firm New York Digital Investment Group (NYDIG).
The company is in advanced discussions and expects the transaction to close “in the middle part of this year,” CEO Bill Oplinger told Bloomberg on Friday. The site, located along the St. Lawrence River, has been inactive since 2014 after Alcoa shut it down amid rising energy costs and global competition.
Built for 24/7 heavy industrial operations, aluminum smelters come with pre-existing substations, transmission lines and high-capacity grid connections. That makes them attractive targets for Bitcoin miners and data center operators, who often spend years securing similar infrastructure approvals from scratch.
Massena East also benefits from hydropower supplied by the New York Powe...
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20.04.26 - 17:36
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Cryptos Decline As Hacks Add To War Pain (AFX)
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WASHINGTON (dpa-AFX) - Overall crypto market capitalization declined more than a percent in the past 24 hours as markets reacted to the escalation in geopolitical tensions in the Middle East. The ......
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20.04.26 - 17:15
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Saylor′s Strategy Holdings Top 800,000 Bitcoin After 3rd Biggest Purchase In History (ZeroHedge)
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Saylor's Strategy Holdings Top 800,000 Bitcoin After 3rd Biggest Purchase In History
Michael Saylor's Strategy, the world's largest public Bitcoin holder, has blasted past 800,000 BTC in total holdings after announcing its latest purchases.
Strategy acquired 34,164 Bitcoin for $2.54 billion between April 13 and 19, according to an 8-K filing with the US Securities and Exchange Commission on Monday.
As Helen Partz reports for CoinTelegraph.com, the buy ranks as Strategy's third-largest Bitcoin acquisition on record by coin count, behind purchases of 55,500 BTC and 51,780 BTC in November 2024.
Holding around 780,897 BTC after a $1 billion purchase just a week ago, the company now holds 815,061 BTC, purchased for $61.56 billion.
Source: SEC
The new acquisition was made at an average price of $74,395 per coin, slightly below the company's average acquisition price of $75,527.
Strategy's STRC funds more than 85% of the purchase
Similar to a few recent acquisitions, the majority of Strat...
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20.04.26 - 10:01
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Bitcoin fällt nach erneuter Schließung der Straße von Hormus (Ariva)
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Die erneute Eskalation im Nahen Osten lässt Bitcoin einbrechen und schürt neue Zweifel an der Stabilität des gesamten Kryptomarkts. Die geopolitischen Spannungen im Nahen Osten setzen den Kryptomarkt zum Wochenstart erneut unter Druck. Bitcoin notiert am Montagmorgen bei rund 74.288 US-Dollar und verliert damit 1,7 Prozent. Damit werden die Zugewinne vom Freitag weitgehend ausgelöscht, als die kurzfristige Öffnung der ......
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