Mummolin, Inc. announced that it has raised $6.2 million in seed funding, with strategic partners such as Jack Dorsey, Accomplice, Barefoot Bitcoin Fund, MoonKite, NewLayer Capital, and Bitcoin Opportunity Fund leading the investment. The seed funding will support the launch of the decentralized Bitcoin mining project OCEAN.

The COP28 conference, which seeks to tackle global climate change, is commencing this week in the UAE, a significant oil producer. Despite the presence of high-profile attendees such as Pope Francis, the event is expected to be ineffective, as previous COP conferences have failed to produce legally binding targets for reducing greenhouse gas emissions. The conference chair, Sultan Ahmed Al-Jaber, is also the CEO of ADNOC, the state oil company that has been expanding its fossil fuel interests. The conference highlights the difficulties of aligning global incentives to fund the transition to renewable energy while reducing fossil fuel production and use.

Bitcoin mining company Canaan is looking for new funding after experiencing a decline in revenue and profits. In its Q3 2023 earnings report, the company announced plans to sell $148 million in equity through an at-the-market offering. Canaan also recently agreed to issue up to 125,000 preferred stock at $1,000 each to an undisclosed institutional investor for a total of $125 million. The decline in revenue is attributed to a decrease in the number of Bitcoin mined and a fall in the number of ASIC mining rigs sold, as well as increased pricing competition and a softening in purchasing power. Canaan expects its Q4 revenue to remain unchanged due to challenging market conditions.

Bitfarms, a Bitcoin mining company, disclosed in its latest submission to the US Securities and Exchange Commission that TD Asset Management Inc. increased its stake in Bitfarms by 14.9% in the second quarter and now owns 199,080 shares of the company. In addition, Portside Wealth Group LLC purchased about $25,000 worth of Bitfarms stock in the second quarter, while Lido Advisors LLC bought about $28,000 worth of Bitfarms stock in the same period. Vontobel Holding Ltd. and UBS Group AG respectively increased their holdings in Bitfarms by 44.2% and 76.3%. Notably, Tower Research Capital LLC increased its holdings in Bitfarms by 1,237.8% in the third quarter and now owns 35,585 shares of the company.

Bitcoin mining company Bitfarms has announced that it has ordered 35,888 Bitmain T21 mining machines at a price of $2,660 per unit. The expected delivery time is from March to May 2024. After installation and operation, it is expected to increase the company's operating capacity by 63% to 391 MW and improve the mining machine efficiency by 34% to 23w/TH. The company stated that with the recent financing announcement, Bitfarms will have enough liquidity to fulfill the purchase obligation of this order. At the same time, Bitfarms has obtained the option to purchase an additional 28,000 Bitmain T21 mining machines.

Canadian Bitcoin mining company Bitfarms has received a C$60 million investment from US institutional investors, which will be used for strategic enhancements such as acquiring additional cryptocurrency miners, expanding infrastructure, and strengthening working capital. In a calculated move, Bitfarms will issue 44,444,446 common shares, each priced at C$1.35, and warrants for purchasing up to 22,222,223 common shares. Recent events, such as the US government's $4 billion settlement with Binance and growing anticipation surrounding the SEC's approval of the US's first spot Bitcoin ETF, have contributed to fostering greater trust in the crypto space and propelling significant gains in cryptocurrencies like Bitcoin and Ethereum.

According to Bitcoin News, UK company FMI Minecraft plans to establish a $45 million cryptocurrency mining center in Patagonia, Argentina. As the proposed mining center is located within a free trade zone, there will be no taxes on imported ASIC or any other items.

F2Pool, the third-largest Bitcoin mining pool, faced criticism on social media for allegedly censoring transactions from an address under US government sanctions. The controversy arose as many Bitcoin enthusiasts consider "censorship resistance" a fundamental principle of the blockchain. However, concerns have been raised by government officials worldwide that blockchain networks could be used to finance criminal activity and terrorism. F2Pool's decisions can have significant implications as they control a significant portion of the network's processing power.

Crypto lender Celsius Network has scaled back its post-bankruptcy plans to focus solely on bitcoin mining, after receiving feedback from the US Securities & Exchange Commission (SEC) regarding its other planned business lines. The company had previously intended to earn "staking" fees by validating blockchain transactions and managing its legacy portfolio of cryptocurrency loans. Celsius said it now plans to hold back certain assets that would have been transferred to the new company, and instead liquidate them as part of the wind-down of its bankruptcy. The pivot has led to further negotiations with Fahrenheit, a consortium of bidders selected to lead the reorganised company.

Bitcoin mining company Greenidge Generation Holdings announced that it has sold a 22-acre, 44-megawatt (MW) Bitcoin mining facility in South Carolina, USA to NYDIG to pay off a $21.8 million secured debt. In 2023, Greenidge achieved a reduction in financial liabilities and reduced its debt by $85.3 million. The company currently manages $72 million in unsecured debt, which will mature in 2026.