Tag: Allowing

Bankruptcy judge signs off on order allowing Terraform Labs to subpoena FTX entities

coiner

A judge in the bankruptcy case for defunct crypto exchange FTX has issued an order allowing Terraform Labs to subpoena information that could be used in its case brought by the United States Securities and Exchange Commission (SEC). In a July 31 filing in U.S. Bankruptcy Court for the District of Delaware, Judge John Dorsey said Terraform Labs was permitted to serve FTX Trading and FTX US with subpoenas aimed at gathering evidence the firm could use in its defense from allegations of fraud by the SEC. The crypto firm…

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CleanSpark Acquires Two Bitcoin Mining Campuses, Allowing For Expansion Of Hash Rate And Mining Capacity

coiner

CleanSpark Inc., a prominent Bitcoin mining company, has announced its plans to acquire two turnkey bitcoin mining campuses in Dalton, Georgia, for $9.3 million in an all-cash deal. The facilities are expected to contribute nearly 1 exahash per second (EH/s) to CleanSpark’s hash rate, boosting its mining capabilities. The acquisition aligns with the company’s goal of reaching 16 EH/s by the end of the year. According to a press release shared with Bitcoin Magazine, CleanSpark’s purchase will allow for the hosting of over 6,000 of the latest and most power-efficient…

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