Daily Archives: 19/01/2022

Texas mining company Rhodium is preparing for a $1.7 billion IPO

Rhodium Enterprises filed with the US Securities and Exchange Commission (SEC) for an initial public offering on January 13th. This will be the first IPO of a cryptocurrency company in 2022. Rhodium plans to issue 7.69 million shares at $12-14 each, the statement said. Under the Nasdaq ticker RHDM, the company will issue 56.8 million Class A shares and 67.5 million Class B shares for a total of $1.7 billion. Rhodium Enterprises is a mining…

Intel will introduce a chip for bitcoin mining in February

Intel Corporation is preparing to release its own energy-efficient chip for bitcoin mining called Bonanza Mine. The chip will be presented in February at the ISSCC conference. Tom’s Hardware got access to Intel’s presentation schedule at the ISSCC conference. On February 23, the company will unveil the Bonanza Mine chip, which is described as an “Energy Efficient Bitcoin Mining ASIC Chip with Extremely Low Voltage.” “Intel has been designing ASIC chips for the SHA-256 algorithm…