American Bitcoin Mining company CleanSpark continues to recover from the damage caused by Hurricane Helene, which caused severe flooding and power outages in several US states.
The company’s hash rate plummeted from 28 exahashes per second (EH/s) to 10.5 EH/s after shutting down 365 MW at its southeast Georgia facility on September 27.
Since then, CleanSpark has managed to restart 200 MW, increasing its operating rate to 22 EH/s, according to CEO Zach Bradford. The company hopes to restore the remaining 165 MW by October 4. Bradford highlighted that, although the mining infrastructure did not suffer material damage, the priority remains the safety of the human team.
Hurricane Helene, a devastating Category 4 phenomenon, has left at least 137 dead and significant damage in seven states, including Florida, Alabama and Georgia.
These types of events highlight the vulnerability of mining operations to natural phenomena. Although CleanSpark’s ability to recover quickly is a reflection of the sector’s resilience.
Funds traded in Bitcoin maintain a streak of positive inflows in the United States
Despite weather challenges and market fluctuations, Bitcoin exchange-traded funds continue to post positive flows, with $61.3 million in net inflows on Monday. BlackRock’s IBIT led the inflows with $72.15 million, while Fidelity’s FBTC added $8.32 million.
However, not all funds shared this trend: 21Shares’ Ark and ARKB, which had received impressive inflows of $203.07 million on Friday. They thus experienced net outflows of 9.5 million dollars.
This growth in exchange-traded funds demonstrates the continued interest in Bitcoin. Even amidst global uncertainties and internal challenges in the industry, such as the impact of climate events.
Grayscale opens its decentralized AI fund to accredited investors
Grayscale has announced that its decentralized AI fund, which until now was only available through private placements, is opening to accredited investors. This fund includes prominent altcoins such as Near Protocol (NEAR), Bittensor (TAO), Render (RNDR), and Filecoin (FIL), giving investors access to projects that integrate Blockchain with AI.
Investors will be able to gain exposure to these assets without the need to directly manage digital currencies. Since the fund offers shares that represent the value of the underlying tokens. The fund is rebalanced periodically, focusing on areas such as decentralized AI services and AI infrastructure.
The SEC deals another blow to the crypto sector: Rivetz and his CEO lose trial over the sale of unregistered tokens
The United States Securities and Exchange Commission (SEC) has achieved a new victory in its fight against initial coin offerings (ICO). This time, the target has been Rivetz Corp, a now-defunct blockchain hardware company, and its CEO, Steven Sprague.
On September 30, Massachusetts federal judge Mark Mastroianni ruled in favor of the regulator, determining that Sprague and his company sold unregistered securities by offering the Ethereum-based Rivetz token (RvT) to thousands of investors, many from them in the United States.
The SEC had filed the lawsuit in 2021, alleging that Rivetz raised $18 million through the sale of these tokens, promising investors that the value of RvT would depend on the company’s success in creating a security ecosystem for mobile devices. .
According to Judge Mastroianni, the Rivetz tokens met the criteria of the Howey test, the standard used to define what a security is in the United States. Since investors expected to obtain profits from the company’s efforts.
The month of October begins and we remember that… the birth of the Bitcoin Whitepaper marked a milestone in the history of cryptocurrencies
In October 2008, the mysterious creator of Bitcoin, under the pseudonym Satoshi Nakamoto, published the famous whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.”
Although the document was not made public until October 31 of that year, this month marks the beginning of a financial revolution that continues to resonate throughout the world today. More than 15 years after that milestone, the crypto ecosystem has expanded enormously!
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