News

BlockBeats news, on October 22, bitcoin mining company Bitfarms announced the completion of its offering of convertible senior notes due in 2031, with a total principal amount of $588 million. After deducting the initial purchasers’ discounts and commissions as well as estimated offering expenses, the net proceeds raised are approximately $568 million. The funds are intended to advance its high-performance computing/artificial intelligence infrastructure construction in North America.

BlockBeats news, on October 22, according to HyperInsight monitoring, at 0:13 am today (UTC+8), Huang Licheng once again opened a new high-leverage HYPE long position, and then continued to chase the rally and increase his ETH position within the next hour, continuing to add to his position during the price drop. At that time, the notional value of the HYPE position increased to $1.7 million, and the notional value of the ETH position reached $10 million. In the past 4 hours, as the ETH position approached liquidation, he was forced to close the HYPE long position at a loss and used all remaining funds to further increase his ETH position to average down the cost. Currently, the average price of the ETH position has been raised to $3,952. The current floating loss on this position has exceeded 64%, with a liquidation price of $3,749. Meanwhile, he has placed staggered sell orders to close the position in the $3,950 to $4,188 range. In addition, the total value of this address's account has been halved again in less than a day, with the remaining principal now at $480,000.