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TuesdayFeb 20, 2024 11:24 am

CurrencyNewsBreaks – Capital One Financial Corp. (NYSE: COF) Acquiring Discover in $35.3 Billion Mega-Deal

Capital One Financial Corp. (NYSE: COF) and Discover Financial Services (NYSE: DFS) have announced a definitive agreement for Capital One to acquire Discover in an all-stock transaction valued at $35.3 billion. This strategic move is expected to create a leading financial services company with enhanced scale, product offerings and customer reach. The combined entity will leverage the strengths of both organizations to drive innovation, enhance customer experiences and deliver greater value to shareholders. According to the press release, the acquisition is subject to customary closing conditions, including regulatory approvals and approval by Discover's shareholders. Both companies' boards of directors have…

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ThursdayFeb 15, 2024 11:06 am

CurrencyNewsBreaks – Stronghold Digital Mining Inc. (NASDAQ: SDIG) Charts Path to Sustainable Bitcoin Production with January Update

Stronghold Digital Mining Inc. (NASDAQ: SDIG) mined 192 Bitcoin in January 2024, generating approximately $0.4 million in energy revenue. This represents a 6% decrease from December 2023. The company generated an estimated $8.0 million in revenue during January, primarily driven by a lower hash price and sequential growth in network hash rate. Additionally, Stronghold continues to make progress in its carbon capture initiatives, with test results demonstrating significant carbonation in its Karbolith technology and the erection of a second Karbolith underway. To view the full press release, visit https://ibn.fm/mGzIH About Stronghold Digital Mining Inc. Stronghold is a vertically integrated Bitcoin…

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ThursdayFeb 15, 2024 10:59 am

CurrencyNewsBreaks – Canaan Inc. (NASDAQ: CAN) Amplifies Crypto Mining Power with Strategic Partnerships

Canaan Inc. (NASDAQ: CAN) has secured follow-on purchase orders for over 17,000 Bitcoin mining machines from Cipher Mining Inc. (NASDAQ: CIFR) and Stronghold Digital Mining, Inc. (NASDAQ: SDIG). Cipher's joint venture entities will acquire 16,700 A1466 model mining machines, while Stronghold has purchased 1,100 A1346 model mining machines. The orders build upon Canaan's existing relationships with Cipher and Stronghold and affirm the capabilities of Canaan's new A14 product series To view the full press release, visit https://ibn.fm/wzK6Q About Canaan Inc. Established in 2013, Canaan Inc. is a technology company focusing on ASIC high-performance computing chip design, chip research and development,…

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ThursdayFeb 15, 2024 10:50 am

CurrencyNewsBreaks – Bit Digital Inc. (NASDAQ: BTBT) Announces Monthly Production Update for January 2024

Bit Digital Inc. (NASDAQ: BTBT) has announced its unaudited digital asset production and corporate updates for January 2024. The company produced 145.7 BTC, a 14% decrease compared to the previous month, with an active hash rate of approximately 2.50 EH/s as of January 31, 2024. Treasury holdings of BTC and ETH were 739.2 and 18,072.2 with a fair market value of approximately $31.4 million and $41.3 million, respectively. Bit Digital earned a blended APY of approximately 3.69% on its staked ETH position, with aggregate staking rewards of approximately 38.7 ETH during the month. The company also reported that as of…

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ThursdayFeb 15, 2024 10:41 am

CurrencyNewsBreaks – Marathon Digital Holdings Inc. (NASDAQ: MARA) Schedules Conference Call for Fourth Quarter and Fiscal Year 2023 Financial Results

Marathon Digital Holdings Inc. (NASDAQ: MARA) has announced that it will hold a conference call to discuss its financial results for the fourth quarter and fiscal year 2023. The call took place on February 14, 2024, at 4:23 PM EST. This follows the company's previous updates, including its announcement on February 5, 2024, regarding Bitcoin production and mining operation updates for January 2024, and its statement on February 1, 2024, about assuming full operational control of its recently acquired Bitcoin mining sites​​. To view the full press release, visit https://ibn.fm/a95c7 About Marathon Digital Holdings Marathon is a digital asset technology company…

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ThursdayFeb 15, 2024 10:32 am

CurrencyNewsBreaks – The Western Union Company (NYSE: WU) Reports Fourth Quarter and Full Year 2023 Results

The Western Union Company (NYSE: WU) announced its financial results for the fourth quarter and full year of 2023 on February 6, 2024. The company, a global leader in cross-border, cross-currency money movement and payments, provided insights into its performance and future plans during a webcast and conference call hosted by Chief Executive Officer Devin McGranahan and Chief Financial Officer Matt Cagwin. To view the full press release, visit https://ibn.fm/RuJC5 About Western Union The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their…

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