Crypto Mining

Russia has imposed a long-running ban on crypto mining and mining pool participation in Moscow, the Moscow Region and parts of Kursk. The restrictions are aimed at reducing power-capacity risks as energy-intensive mining operations put pressure on regional grids.

Hut 8 has agreed to pay $2.35 million to resolve investor allegations that it failed to disclose operational problems tied to a key mining venture acquired in its 2023 merger with U.S. Bitcoin Corp. The deal still needs court approval and closes a securities class action that followed a sharp share price drop in early 2024.

MARA Holdings sold 15,133 BTC for $1.1 billion to repurchase convertible debt at a discount, strengthening its balance sheet and sending MARA stock 10% higher in premarket trading.