Search results for Bitmain
Crypto
Trump family\'s American Bitcoin pledges 38.6% of BTC holdings as collateral for mining rig purchases
American Bitcoin (ABTC), co-founded by Eric Trump (에릭 트럼프), has tied up 3,090 of its 8,002 bitcoins as collateral for mining equipment purchases, equal to 38.6% of its holdings. The company keeps the coins on its balance sheet while retaining redemption rights. Disclosures put the pledged bitcoin’s book value at $184.90 million and non-current mining rig purchase liabilities at $371.70 million. ABTC posted a $57.20 million net loss under U.S. accounting standards and raised $33.60 million by selling 2.15 million Class A shares.
Crypto
U.S.-China rivalry spills into cryptocurrency with diverging strategies on bitcoin
The U.S. Department of Defense is operating bitcoin nodes to run network security tests, in its first official acknowledgement of such activity, as competition intensifies over using bitcoin as a national security asset. Admiral Samuel Paparo Jr said bitcoin is linked to national security and has cyber applications beyond its economic value. Iran, Taiwan and Russia are also considering or using bitcoin in payments or reserves. U.S.-China tensions extend to seized holdings and mining supply chains.
Crypto
Tether takes 8.2% stake in Antalpha, expands bitcoin mining finance investment
Tether has secured an 8.2 percent stake in bitcoin mining finance platform Antalpha, becoming a major shareholder. A U.S. filing shows Tether holds 1.95 million shares through affiliates, with chairman Giancarlo Devasini sharing voting and disposal authority. Antalpha provides bitcoin-backed loans and mining equipment financing and had a loan portfolio of about $1.6 billion at end-2024. Tether has been widening investments across mining, AI, financial services and tokenised assets.
