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CleanSpark Sees 187% Hashrate Surge Amid Major Expansion and Acquisitions
CleanSpark reports a 187% increase in hashrate over the past year, driven by strategic acquisitions and expansions across the U.S., with the company targeting 30 EH/s by October 2024.
Steven Walgenbach
October 05, 2024
Breaking Crypto Stories
Here are the top stories today:
CleanSpark's Hashrate Surge and Strategic Acquisitions Fuel Mining Expansion
Ancient Bitcoin Whale Moves $3.58M to Kraken Amid Renewed Satoshi Speculation
IcomTech Founder Sentenced to 10 Years for Crypto Ponzi Scheme Fraud
Question of the Day
Will we see a new all-time high for BTC by the end of the year?
⛏️CleanSpark's Hashrate Surge and Strategic Acquisitions Fuel Mining Expansion
CleanSpark reported a 187% hashrate increase over the past year, driven by strategic acquisitions and facility expansions across the U.S. The company plans to reach 30 EH/s by October 2024, despite setbacks from Hurricane Helene.
CleanSpark’s hashrate grew from 9.6 EH/s to 27.6 EH/s in one year, boosted by strategic acquisitions across three U.S. states.
Recent acquisitions include seven mining facilities in Tennessee, increasing total sites to 15 and adding 85 MW of capacity.
CleanSpark targets 30 EH/s by October 2024 and 50 EH/s in 2025 despite weather-related power disruptions.
🐋Ancient Bitcoin Whale Moves $3.58M to Kraken Amid Renewed Satoshi Speculation
A Bitcoin whale from 2009 has moved $3.58M worth of BTC to Kraken after a decade of dormancy, reigniting speculation about the identity of Bitcoin’s creator, Satoshi Nakamoto.
A Bitcoin whale from early 2009 has moved $3.58M to Kraken after 10 years of inactivity.
The whale’s wallet currently holds 1,169 BTC, worth $72.4M.
Speculation around Satoshi Nakamoto's identity is fueled by the upcoming HBO documentary potentially linking Len Sassaman to Bitcoin’s creation.
👨⚖️IcomTech Founder Sentenced to 10 Years for Crypto Ponzi Scheme Fraud
David Carmona, founder of the IcomTech Ponzi scheme, has been sentenced to 10 years in prison for wire fraud conspiracy. IcomTech deceived investors, promising high returns from non-existent crypto activities, while the scheme raised $8.4 million from victims.
David Carmona, the mastermind behind the IcomTech Ponzi scheme, was sentenced to 10 years for defrauding investors.
The scheme falsely promised high returns from crypto trading, netting $8.4 million from victims between 2018 and 2019.
Carmona and other IcomTech promoters lured victims with lavish expos and false claims, leading to financial ruin for many.
Potential Trade Opportunities
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Neiro (NEIRO)
Price Movements: NEIRO is showing signs of bearish pressure, with recent closing prices slightly declining and consolidating near key support levels.
Key Levels to Watch: Key resistance levels are $0.0010331, $0.00107147, and $0.00109076. Meanwhile, support levels are at $0.00101478, $0.00097099, and $0.00092961.
Trade Strategies: For a long trade, enter above $0.0010331 with a target of $0.00107147, and stop-loss below $0.00101478. For a short trade, enter around $0.001028-$0.001030 targeting $0.00101478, with a stop-loss above $0.0010331.
Bittensor (TAO)
Price Movements: TAO shows upward momentum, closing at $581.4, with bullish potential near resistance at $584.4.
Key Levels To Watch: Resistance levels are identified at $584.4, $585.8, and $589.5, while support levels are at $574.7, $551.9, and $546.2.
Trade Strategies: Long trades can target a breakout above $584.4, with potential exit points at $585.8 or $589.5. Short trades can consider entering if price fails to break $584.4, with support at $574.7 offering a strategic entry.
Ethereum (ETH)
Price Movements: Ethereum is facing bearish pressure, with recent closes indicating consolidation near $2,412. Downward momentum is growing, but a bullish reversal is possible if key resistance levels are broken.
Key Levels To Watch: Resistance levels are at $2,439.19, $2,538.01, and $2,618.01, while support levels are at $2,342.80, $2,295.68, and $2,230.88.
Trade Strategies: Initiate long positions above $2,439.19 with a target of $2,538.01. For short positions, enter below $2,342.80 aiming for $2,295.68.
ICYMI:
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