Month: July 2024

MicroBT, a leading innovator in the Bitcoin mining industry, unveiled its latest WhatsMiner M6XS+ series during the Bitcoin 2024 conference in Nashville, TN. The new series, featuring air-cooling, hydro-cooling, and immersion-cooling models, represents a leap forward in renewable mining technology.

Dr. Zuoxing Yang, founder and CEO of MicroBT, highlighted these advancements in his keynote address, emphasizing the company’s commitment to sustainable and efficient mining practices. Renewable mining, according to Dr. Yang, is the future of the industry, with solar mining poised to be at the forefront. He predicted that by 2026, the electricity cost for solar power mining could drop to approximately 4 cents USD per kWh, saying it would eliminate the primary impediment to the solar power mining industry.

MicroBT’s solar mining technology has seen substantial advancements, including the successful pilot of a 100 kW project. Dr. Yang announced the forthcoming launch of the WhatsMiner solar mining container system and called on industry partners to join in advancing solar-powered mining excellence.

One of the new features of the WhatsMiner hydro-cooling miner is its high outlet water temperature, now capable of reaching up to 80℃ (176℉). This allows for versatile heat utilization, such as agricultural heating, regional heating, and power grid balancing. MicroBT’s hydro-cooling technology aims to offer a reduced cooling source solution for mining but also enhance its competitiveness in the renewable mining sector.

Dr. Yang also introduced the latest models in the WhatsMiner lineup:

WhatsMiner M60S+ (air-cooling): Hashrate of up to 210 TH/s with a power efficiency of 17 J/T.’WhatsMiner M63S+ (hydro-cooling): Hashrate of up to 450 TH/s with a power efficiency of 17 J/T and outlet water temperature reaching 70℃ (158℉).WhatsMiner M64 (hydro-cooling): Hashrate of up to 206 TH/s with a power efficiency of 19.9 J/T and outlet water temperature reaching 80℃ (176℉).WhatsMiner M66S+ (immersion-cooling): Hashrate of up to 318 TH/s with a power efficiency of 17 J/T.

Dr. Yang then promised additional products and solutions set to launch in the spring of 2025.

Following Dr. Yang’s keynote, Wright Wang, Sales & Marketing Director of MicroBT, joined a panel discussion with Ghazaleh Barman from Riot Platforms and Niek Beudeker from Peak Mining (part of Northern Data Group). The panel focused on collaboration from manufacturing to mining, with Wang noting that Riot hosts the world’s largest immersion-cooling deployment and Northern Data is set for a large-scale hydro-cooling deployment. In which these operations are predominantly powered by WhatsMiner products.

FOR IMMEDIATE RELEASE

MicroStrategy and Bitcoin Magazine Launch “Bitcoin for Corporations” at The Bitcoin Conference

Nashville, Tennessee – July 25, 2024 – In a significant move to further drive corporate Bitcoin adoption, Bitcoin Magazine and MicroStrategy have announced the launch of Bitcoin for Corporations. This strategic partnership aims to provide comprehensive resources and educational content to corporate leaders, underscoring a joint commitment to fostering Bitcoin adoption and education on a global scale. The announcement was made live by Michael Saylor, Co-founder and Executive Chairman of MicroStrategy, on the live desk during the 2024 Bitcoin Conference.

Bitcoin for Corporations leverages the combined strengths of Bitcoin Magazine and MicroStrategy to create a comprehensive resource and networking hub for companies in all walks of their Bitcoin journeys. MicroStrategy has already paved the way for enterprise adoption by integrating a Bitcoin for Corporations track into their broader MicroStrategy World conference series.

This collaboration will expand on that initiative with a co-branded web platform offering curated content, newsletters, and success stories from industry leaders who have implemented corporate Bitcoin strategies. The platform will also provide practical tools and educational materials tailored to C-Level executives, along with a structured outreach program and VIP access to annual in-person conferences.

“We are thrilled to partner with MicroStrategy to launch Bitcoin for Corporations,” said Mike Germano, President of Bitcoin Magazine. “This collaboration seamlessly aligns with our mission to educate and empower Bitcoiners. In expanding this mission to corporations, we couldn’t ask for better partners to join forces with than MicroStrategy.”

Michael Saylor, Co-founder and Executive Chairman of MicroStrategy, added, “The ‘Bitcoin for Corporations’ initiative is a significant step towards accelerating corporate Bitcoin adoption. By combining our expertise, resources and reach, along with Bitcoin Magazine we aim to create a robust platform that educates and supports corporations in implementing Bitcoin strategies.”

Bitcoin for Corporations offers various membership tiers, including Executive Partner, Premier Member, and Industry Member, each with unique benefits such as exclusive strategic content, master class inclusion, and VIP event access. This comprehensive structure aims to cater to different levels of interest and engagement, ensuring a wide reach and impact.

For more information on Bitcoin for Corporations, please visit b.tc/corporations.

About Bitcoin Magazine

Bitcoin Magazine, the world’s first publication covering Bitcoin, serves its international readership with innovative ideas, breaking news, and global impact at the intersection of finance, technology, and Bitcoin. Operating from Nashville, Tennessee, Bitcoin Magazine is published by BTC Media. For the latest in Bitcoin news, visit BitcoinMagazine.com.

About MicroStrategy

MicroStrategy (Nasdaq: MSTR) considers itself the world’s first Bitcoin development company. We are a publicly-traded operating company committed to the continued development of the Bitcoin network through our activities in the financial markets, advocacy and technology innovation. As an operating business, we are able to use cashflows as well as proceeds from equity and debt financings to accumulate bitcoin, which serves as our primary treasury reserve asset. We also develop and provide industry-leading AI-powered enterprise analytics software that promotes our vision of Intelligence Everywhere™, and are using our software development capabilities to develop bitcoin applications. We believe that the combination of our operating structure, bitcoin strategy and focus on technology innovation provides a unique opportunity for value creation. For more information about MicroStrategy, visit www.microstrategy.com.

MicroStrategy is a registered trademark of MicroStrategy Incorporated in the United States and certain other countries. Other product and company names mentioned herein may be the trademarks of their respective owners.

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For further information or to schedule an interview, please contact George Mekhail at George@b.tc.

TOKYO, JAPAN – July 26, 2024 – In a significant move to broaden its international reach, Bitcoin Magazine, in collaboration with Metaplanet (TYO), announced the opening of its new office in Tokyo, Japan, on July 26, 2024, at The Bitcoin Conference in Nashville, TN. This initiative underscores a joint commitment to providing localized, high-quality content tailored to the unique needs and interests of the Japanese Bitcoin community.

As one of the first countries to recognize Bitcoin as a legal form of payment, Japan has fostered a supportive ecosystem for the innovation and use of Bitcoin as a currency. Tokyo, in particular, boasts a dynamic financial sector, a high concentration of tech-savvy consumers, and a robust network of Bitcoin-friendly businesses and services. This makes Tokyo an ideal hub for the continued global expansion efforts of both Bitcoin Magazine and Metaplanet.

Metaplanet, a tech leader focused on facilitating Bitcoin integration into existing and developing corporate frameworks, aligns seamlessly with Bitcoin Magazine’s goal of global hyperbitcoinization. Their commitment to excellence and adherence to Bitcoin-only standards ensures integrity and a shared vision with Bitcoin Magazine’s ethos.

Mike Germano, President of Bitcoin Magazine, stated, “As the oldest and most established Bitcoin brand, Bitcoin Magazine is honored to collaborate with a pioneer like Metaplanet to enter the Japanese market. We are excited to not only integrate our presence but also to culturally enrich our local content, ensuring it truly resonates with the unique and vibrant Japanese community.”

Simon Gerovich, CEO of Metaplanet, added, “This partnership marks a significant milestone for Metaplanet. By collaborating with Bitcoin Magazine, we aim to further Bitcoin adoption in Japan through innovative and engaging content tailored specifically for our community.”

The launch of Bitcoin Magazine Japan is part of a broader strategy to establish a presence in key markets around the world. Following the successful launch of Bitcoin Magazine Switzerland, this move aims to expand reach and impact, ensuring that Bitcoin enthusiasts everywhere have access to the highest quality information and resources.

Metaplanet’s exclusive license to operate Bitcoin Magazine Japan will enable the publication to leverage local expertise and networks to create a platform that resonates deeply with the Japanese audience. This partnership will advance Bitcoin adoption in Japan through dedicated efforts, including exclusive interviews with prominent Japanese Bitcoin figures, special edition publications, and interactive online sessions. Plans to expand the print publication and live events sector are also underway.

Join Us in Pioneering Global Bitcoin Adoption

As the most trusted voice in the Bitcoin community, Bitcoin Magazine is actively seeking professional partners for further international expansions. Our goal is to support additional languages and regions, extending our influence and fostering Bitcoin adoption worldwide. If you share our vision and are interested in learning more about partnership licensing opportunities, we invite you to reach out.

About Bitcoin Magazine:

Bitcoin Magazine, the world’s first publication covering Bitcoin, serves its international readership with innovative ideas, breaking news, and global impact at the intersection of finance, technology, and Bitcoin. Operating from Nashville, Tennessee, Bitcoin Magazine is published by BTC Media. For the latest in Bitcoin news, visit BitcoinMagazine.com.

About Metaplanet:

Metaplanet Inc., a publicly traded company on the Tokyo Stock Exchange, has strategically reoriented its focus towards Bitcoin, adopting it as the principal treasury reserve asset. With over a decade of diversified business experience in Japan, spanning finance, trading, and real estate, Metaplanet is now committed to Bitcoin accumulation to enhance shareholder value. Through strategic partnerships and a Bitcoin-centric approach, Metaplanet aims to drive global Bitcoin adoption, guiding organizations in incorporating it as a strategic reserve asset. For more information, visit www.metaplanet.jp.

As Americans head to the polls this fall, their decision regarding who will lead our country will also determine the fate of crypto here in the United States, and our security, prosperity, and freedom are at stake.

This week, I will join President Trump and thousands of crypto market participants in Nashville for Bitcoin 2024, the world’s largest Bitcoin conference. This year, the conference is held in my home state at a time that is clearly the tipping point for the future of crypto technology in the U.S. This fall, the future of crypto in America is on the ballot as our nation decides who will lead the Executive and Legislative branches of our nation. The contrast between Democrat and Republican approaches to crypto is stark. The Biden Administration has repeatedly demonstrated its hostility to crypto by refusing to provide a basic regulatory framework for the industry, while simultaneously taking enforcement actions against firms for allegedly violating nonexistent rules. This combination of legal uncertainty and brass-knuckled enforcement has pushed many crypto innovators to the brink, leaving them little choice but to move their businesses overseas.

Meanwhile, Democrats have also taken extreme measures to stifle the adoption of crypto in the traditional financial system. Biden’s regulators have forced crypto-engaged banks like Signature Bank into receivership while imposing crypto-hostile policies like the SEC’s Staff Accounting Bulletin (SAB) 121, which makes it prohibitively expensive for financial institutions to hold customers’ crypto assets. Altogether, the Biden Administration’s record makes clear what another four years of Democrat political control would bring: more political persecution of the industry on a scale reminiscent of Obama’s Operation Chokepoint.

In contrast, Republicans have taken concrete steps to develop constructive crypto policies that exemplify the party’s longstanding commitment to the principles of innovation, free enterprise, and individual liberty. House Republicans have passed promising bills that would provide legislative clarity for crypto market structure and for U.S.-Dollar-denominated private stablecoins. Republicans in both chambers have worked together to try to overturn Biden’s most egregious policies, address concerns about illicit finance, promote private-sector innovation in stablecoins, and prevent the development of a central bank digital currency. Republican control of Congress and the White House would enable the GOP to expand and implement these efforts, finally delivering constructive rules of the road for crypto and ending Biden’s oppressive regime of regulation by enforcement.

If Republicans don’t stop Democrats from trying to crush crypto in America, the consequences could be dire. Four more years of hostility will force even more crypto innovators offshore. Prominent U.S. exchanges have already started opening businesses in other countries, seeking licenses in foreign jurisdictions, and shuttering their U.S. operations. In recent years, lawmakers in Washington have realized how allowing another critical industry—semiconductors—to go offshore has weakened our nation’s competitive edge and geopolitical leverage. We would be foolish to allow crypto—this generation’s new cutting-edge technology—to follow the samCryptoe path. Republicans understand that keeping innovation onshore is essential for our global competitiveness and for the creation of wealth and jobs for Americans.

All too often, voters dismayed with Washington’s dysfunction feel that their vote—and national politics more broadly—does not matter. That’s not true here. No matter how much the status quo may frustrate us, the truth is that elections offer us the best opportunity to change course and get our country’s policies back on track. In the case of crypto, the vote at the ballot box this year could quite literally decide its fate. This November, Americans must make their voices heard and send their elected representatives to Washington with a mandate: secure a future for crypto in America.

This is a guest post by Senator Bill Hagerty. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

The biggest names in Bitcoin are converging in Nashville this week for the Bitcoin 2024 conference, the largest Bitcoin event in the world. Speakers include Donald Trump, Robert F. Kennedy Jr., Cathie Wood, Michael Saylor, and more.

Kicking off today is Bitcoin 2024’s Industry Day, which will feature presentations and discussions between top business leaders in the Bitcoin space.

Industry Day will focus on building Bitcoin-native financial products, Bitcoin’s role in traditional banking, corporations putting Bitcoin on their balance sheets and more. Sessions on Bitcoin scaling and layer 2 solutions will also be held.

Notable sessions include Dhruv Bansal of Unchained Capital and Allen Farrington, discussing building Bitcoin-native financial products. Caitlin Long of Custodia Bank will present on Bitcoin’s role in traditional finance.

Jimmy Song, Bruce Fenton, and others will explore “Make Bitcoin Great in America”, while executives from MicroStrategy, Metaplanet and others will examine corporate Bitcoin treasuries.

Industry Day represents a major convergence of Bitcoin business leaders and companies. With increasing institutional adoption, this event offers unparalleled networking and knowledge-sharing for enterprises involved in Bitcoin.

Bitcoin 2024’s Industry Day will be live-streamed on Bitcoin Magazine YouTube today, starting at 9:00 AM EST.

Ego Death Capital, a venture capital fund focused on investing in Bitcoin technology startups, has announced the successful first close of its $100 million second fund.  

The fund has already secured $43.35 million in commitments from investors, underscoring strong interest in backing the next wave of Bitcoin companies. Ego Death has previously backed leading startups like Relai, Breez, Fedi, LN Markets, and more.

Founded by Jeff Booth, Andi Pitt, and Nico Lechuga, Ego Death Capital targets Series A investments in rapidly scaling Bitcoin startups with this fund. Preston Pysh and Lyn Alden have also recently joined them as a General Partner in the second fund. 

The successful first close demonstrates the surging appetite among investors to allocate capital to the expanding Bitcoin technology sector. 

According to Ego Death founding partner Nico Lechuga, “While there are a number of Bitcoin-only VC funds investing at the Seed stage, there was no Series A-focused fund to support the rapidly developing ecosystem.”

Jeff Booth commented, “There are almost no words to describe the feeling of having a front seat in the creation of value on a protocol that brings truth, hope, and abundance to 8 billion people.”

The ability of prominent venture funds to raise sizable funds focused purely on Bitcoin startups signals the maturity and growth of the broader ecosystem. More access to late-stage capital will accelerate the development and usage of Bitcoin technology.