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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
In 2024, the Bitcoin mining industry achieved historic milestones, marked by high block space demand and a significant increase in hashrate, which grew by 56.7% to 807 EH/s. The year also saw the fourth halving, reducing miner rewards to 3.125 BTC per block, while major companies expanded through mergers and acquisitions. Predictions for 2025 include broader adoption of bitcoin treasury strategies and a network hashrate expected to exceed 1 zetahash.
Heritage Distilling, a Washington-based craft spirits producer, has become the first publicly traded spirits company to accept Bitcoin as payment and hold it as a treasury asset. This decision comes amid financial challenges, with a reported $3.43 million net loss in Q3 2024, raising questions about the company's ability to acquire Bitcoin without a profitability turnaround. The move aligns with a growing trend among US companies adopting Bitcoin as a corporate treasury asset, following the lead of MicroStrategy and others.
Senator Ted Cruz advocates for Bitcoin, highlighting its potential to empower small businesses and serve as a hedge against inflation. He warns against hasty government regulations, urging Congress to understand cryptocurrency better before imposing rules. Cruz champions Texas as a prime location for Bitcoin mining due to its low-cost energy and business-friendly environment, asserting that he is the only Senate BTC miner with active operations in West Texas.
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15:19 11.01.2025
MicroStrategy Inc
Acurx Pharmaceuticals, Inc.
Cosmos Health Inc.
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Worksport Ltd.
Heritage Distilling Holding Company, Inc.
Riot Platforms, Inc.
USA
Matt Swann
Matthew Sigel
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