The proceeds will be used primarily for research, development, production and sale of equipment and expanding its mining business through the establishment and operation of crypto mining farms.
Police seized 1,746 bitcoin mining machines across 21 premises in raids this week.
Urban Tea has hired two more executives ahead of its expansion into cryptocurrency mining.
BTC.com is currently owned by Bitdeer Technologies and former Bitmain CEO Jihan Wu.
Bitcoin miners earn windfall income amid the price rally.
Images have surfaced on Twitter reportedly showing a crypto-mining operation using laptops fitted with high-end Nvidia RTX 30-series graphics cards.
A shipment of devices said to be worth up to $60 million was set up in the city of Bratsk and set to mining bitcoin.
Argo said the new Texas facility will have access to up to 800 megawatts of cheap, renewable energy.
Hackers have been mining crypto on government servers in Russia, including defense contractors and medical centers, expert says.
The largest public pension in the U.S. bought more RIOT shares for the first time since 2017.
Miner revenue jumped over 120% from the previous month.
The NYSE-listed lottery firm may also acquire another 10,000 miners this year.
Iran has been clamping down on mining farms, but it also wants to use crypto mining to boost the sanctioned nation's revenue stream.
Bitmain co-founder Jihan Wu is stepping down from his role as part of a settlement.
While it can be powered by the hybrid car's battery, the boot needs to stay open to avoid overheating.