Weekly Market Information Issue No.9
2 min read
- Mining Company Dynamics
- Marathon Digital signs a final purchase agreement for $87.3 million to acquire Applied Digital's Bitcoin mining data center
- Marathon Digital signs a final purchase agreement for $87.3 million to acquire Applied Digital's Bitcoin mining data center
According to an official announcement, Nasdaq-listed mining company Marathon Digital has announced that it has signed a final purchase agreement for $87.3 million to acquire the Applied Digital Bitcoin mining data center. Marathon Digital will subsequently pay the purchase price in cash from its balance sheet. It is reported that by acquiring this data center, Marathon will directly own its current on-site operations and will gain an additional 100 megawatts of capacity for expansion. Of this, 32 megawatts are expected to be available at the close of the transaction, with the remaining capacity subject to regulatory approval. Marathon anticipates increasing its power generation at the site by another 100 megawatts by 2024 to accommodate a total capacity of 200 megawatts dedicated to Marathon's Bitcoin mining operations. (March 15, ir.mara.com)
- MarketOverview
- Dutch cryptocurrency derivatives exchange D2X completes $10 million Series A funding round
- Singapore's crypto trading platform Tokenize Xchange completes $11.5 million in financing
- Dutch cryptocurrency derivatives exchange D2X completes $10 million Series A funding round
The Dutch cryptocurrency derivatives exchange D2X has announced the completion of a $10 million Series A funding round, co-led by Point72 Ventures and GSR Markets, with the company not disclosing the post-money valuation. D2X is noted to be the first entity in Europe to receive a MiFID MTF license, which is issued by the Dutch Financial Markets Authority and allows for the operation of cryptocurrency trading venues within the EU. The new funds will be used to help the exchange "attract liquidity, develop new features, and expand its business in key EU markets." (March 15, crypto. news)
- Singapore's crypto trading platform Tokenize Xchange completes $11.5 million in financing
Based in Singapore, the cryptocurrency trading platform Tokenize Xchange has announced the completion of $11.5 million in financing, with venture capital firm Trive among the investors. This brings its Series A funding total to $23 million. The digital asset trading platform plans to raise a total of $33 million by the end of 2024. Tokenize plans to increase its Singapore staff by five times over the next 18 months, with the new funds earmarked for team development. The company plans to hire a large number of experts in compliance and operations. (March 18, Golden Finance)