Key BTC Mining News for November 2023

Colin Wu's latest blog post and Twitter update unveiled essential updates in the cryptocurrency mining landscape for November. He emphasized F2Pool's decision to filter transactions sanctioned by the United States' Office of Foreign Assets Control (OFAC). Wu's research indicated that F2Pool had become the first mining pool to screen OFAC-sanctioned transfers. Notably, during September and October, six blocks failed verification, with four of them mined by F2Pool. Experts suspect that F2Pool's leadership employs a unique verification system.

Northern Data struck a significant financing agreement with the Tether Group, receiving a €575 million investment. The primary focus of this funding will be the acquisition of equipment, enabling Northern Data Group Taiga Cloud to expand its presence as a provider of cloud services for generative artificial intelligence in Europe.

Marathon Digital (MARA) successfully launched a pioneering pilot project centered around mining valuable resources in Utah, USA. The innovation lies in utilizing methane derived from landfill waste for Bitcoin mining. "Our company has a fantastic opportunity to transform harmful gas into a source of clean, renewable energy," affirmed Fred Thiel, the organization's CEO.

Lastly, Phoenix Group, a provider of Bitcoin mining and colocation services, raised $370 million during its initial public offering (IPO). The organization's leaders reported that the subscription exceeded expectations by 33 times, with the greatest demand coming from retail investors. The successful IPO took place on the Abu Dhabi Securities Exchange (ADX).