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CleanSpark acquires 7 mining sites in Tennessee, hashrate to grow 22%

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CleanSpark, a prominent player in the cryptocurrency mining industry, has announced the acquisition of several crypto mining facilities in Tennessee. This strategic move is set to significantly expand the company’s hashrate capabilities, reinforcing its position in the competitive digital asset market.

The acquisition includes multiple facilities equipped with state-of-the-art mining infrastructure, which will enable CleanSpark to enhance its mining efficiency and output. By integrating these new assets, the company aims to increase its overall hashrate, a key metric that measures the processing power of its mining operations.

CleanSpark’s expansion into Tennessee aligns with its broader strategy to scale up its operations and capitalize on favorable energy conditions in the region. Tennessee is known for its competitive energy rates, which are a crucial factor for profitability in the energy-intensive crypto mining sector.

The newly acquired facilities are expected to contribute significantly to CleanSpark’s growth trajectory, providing a substantial boost to its mining capacity. This move comes as part of the company’s ongoing efforts to solidify its market position and meet the rising demand for cryptocurrency mining services.

CleanSpark’s CEO, Zach Bradford, emphasized the strategic importance of this acquisition, stating, “Expanding our operations into Tennessee and integrating these advanced facilities will greatly enhance our hashrate and operational efficiency. This investment underscores our commitment to scaling our mining capabilities and driving growth in the rapidly evolving crypto landscape.”

The acquisition also reflects a broader trend in the cryptocurrency mining industry, where companies are increasingly seeking to optimize their operations through strategic investments and facility expansions. As the industry continues to evolve, securing and enhancing mining infrastructure remains a critical focus for leading firms.

This latest development positions CleanSpark to leverage its expanded hashrate to better compete in the global crypto mining market, potentially leading to increased revenue and a strengthened market presence.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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