BITF closed at $2.21 on Tuesday, 4% below Riot's offer of $2.30 per share
Riot proposes takeover after accumulating 9.25% stake in rival Bitfarms
Also updating the price-hash ratio of mining pubcos
BitFuFu claims to have over 320,000 cloud mining customers
But numbers for Q2 will likely be much lower
Target of 21 EH/s by 2024 "remains on schedule," chief mining officer said.
Bitfarms chairman and co-founder Nicolas Bonta has been appointed interim president and CEO
Difficulty goes down by 6% amid hashrate shutoff
63MW energized in new proprietary Texas site for relocated miners from Kearney and Granbury
Contextualizing this year’s most important bitcoin event
Top three hodlers account for 74% of industry reserves
BitFuFu leases miners from Bitmain to mine 10,333 bitcoin in 2023 for itself and for cloud mining customers