On October 26, the bitcoin mining operator Aspen Creek Digital Company (ACDC) introduced that the corporate has commenced operations at its photo voltaic farm-powered excessive efficiency computing heart (HPCC) in Texas. ACDC additional detailed that the corporate inked a take care of the agency Compass Mining with a purpose to host 27 megawatts (MW) of capability, which will probably be deployed within the fourth quarter of this 12 months.
In response to the bitcoin mining firm Aspen Creek Digital Company (ACDC), the agency’s second HPCC has began operations in Texas. ACDC and Compass will probably be collaborating on the facility, as Compass plans to host 27 MW of capability or about 9,000 Bitmain-crafted application-specific built-in circuit (ASIC) bitcoin miners. The Texas-based HPCC is ACDC’s second bitcoin mining knowledge heart, because it operates a 6 MW facility tied to a photo voltaic farm in west Colorado.
In September, ACDC raised $8 million in a Collection A financing spherical that was led by Galaxy Digital and Polychain Capital. ACDC’s announcement on Wednesday particulars that the Texas HPCC is a 30 MW web site. The power can host 10,000 ASIC bitcoin miners tethered to an 87 MW photo voltaic farm. The corporate detailed on Wednesday that the bitcoin miner has a 3rd venture within the works that’s able to 150 MW of capability co-located with a 200 MW photo voltaic farm.
The third HPCC will probably be “operational by mid-2023,” ACDC defined. “Our mission is to create a sustainable supply of renewable power to energy our operations and put renewables again on the grid,” the CEO of ACDC, Alexandra DaCosta, stated in a press release. “We’re thrilled to companion with Compass Mining to broaden entry to renewably powered bitcoin mining,” the ACDC govt added.
In the meantime, the information follows stories of Compass Mining sunsetting the miner’s Georgia and British Columbia amenities. The reported sunsetting was reportedly informed to Compass shoppers by way of e-mail and according to Compass’s content material director, Will Foxley, Compass left the ability as a result of it “didn’t meet requirements.” Foxley additionally explained, and shared an replace, that stated Compass had a “new facility in Texas with Compute North” that was “ready for ERCOT to energise.”
The bitcoin mining operation Compute North filed for Chapter 11 chapter safety on September 22, 2022. Two weeks in the past, Whit Gibbs, the co-CEO of Compass mentioned the launch of “At-House” mining with Coindesk, and a report famous final August that the agency was “altering its course.” Thomas Heller, the co-founder and co-CEO of Compass Mining, defined on Wednesday that the agency seems ahead to working with ACDC.
“Compass Mining continues to hunt out high-quality internet hosting suppliers comparable to ACDC that profit our mining shoppers’ uptime and reliability. ACDC’s pairing of low-cost, renewable power with mining operational excellence is troublesome to seek out in right this moment’s present market. We’re happy to work with their staff,” Heller stated through the announcement on Wednesday.
What do you consider ACDC partnering with Compass Mining and the newest photo voltaic farm enterprise in Texas? Tell us your thought of this topic within the feedback part beneath.
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US President Donald Trump has released his financial statement. According to the document, he received over $600 million in income from cryptocurrencies, golf clubs, licensing and other businesses. This was reported by Reuters, writes UNN.
The financial declaration was signed on June 13 and did not contain information about the period it covers. At the same time, some data in the declaration suggest that it was until the end of December 2024, which excludes most of the money raised by the Trump family’s cryptocurrency ventures.
According to the publication’s calculations, Trump declared assets worth at least $1.6 billion in total.
He previously stated that he had transferred his businesses to a trust managed by his children, but the published data indicate that income from these sources still goes to the president, which has led to accusations of conflicts of interest.
Some of Trump’s businesses in areas such as cryptocurrency are benefiting from changes in US policy under his leadership and have become a source of criticism, Reuters writes.
One meme coin issued by the president earlier this year – $TRUMP brought in approximately $320 million in commissions, although it is not publicly known how this amount was distributed between the Trump-controlled organization and its partners.
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In addition to the meme coin commissions, the Trump family earned more than $400 million from World Liberty Financial, a decentralized financial company. In his declarations, Trump indicated $57.35 million from the sale of World Liberty tokens.
The American president’s fortune also includes a significant stake in Trump Media&Technology Group (DJT.O), which owns the Truth Social social network, the report said.
In addition to assets and income from his business projects, Trump declared at least $12 million in income in the form of interest and dividends from passive investments totaling at least $211 million, according to Reuters calculations.
Trump’s three golf resorts in Jupiter, Doral and West Palm Beach, and a private members’ club in Mar-a-Lago, brought Trump at least another $217.7 million in income. Trump National Doral, a large golf center in the Miami area, was the Trump family’s largest source of income – $110.4 million.
Trump also received royalties from various deals – $1.3 million from Greenwood Bible, the “only Bible officially endorsed by Lee Greenwood and President Trump”, and $2.8 million from Trump Watches, $2.5 million from Trump Sneakers and Fragrances.
According to Reuters, the declaration often only indicates ranges of asset and income values, and the lower limit was used for calculations, so the real value of Trump’s assets and income is most likely even higher.
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The cryptocurrency market offers hundreds of different investment options, but two of them control most of the action: bitcoin and ethereum. As recently as last year, the combined market cap of both platforms made up more than 70% of the global crypto market, according to U.S. News & World Report.
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So which is a better bet for investors? During a recent interview with CoinDesk, businessman and “Shark Tank” star Kevin O’Leary suggested his preference.
Also see five reasons you need at least one bitcoin.
O’Leary shared during the interview that his preference is bitcoin. “If you want exposure to crypto volatility, it’s bitcoin,” O’Leary said. “There’s a lot of people that say, ‘I don’t need anything else … I’ll just buy bitcoin.’ And they haven’t been wrong … I think it’ll be very hard to dethrone it.”
As for ethereum, O’Leary spent much of his time bemoaning its lack of speed and efficiency.
“Goodness, ETH is slow,” he said. “I’m sorry, but it’s slow, and I think a lot of people know that. And the more transactions get piled on it, it doesn’t get any better.”
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O’Leary has plenty of company in backing bitcoin over ethereum.
Part of bitcoin’s allure is that it has become a dominant crypto force in both size and name recognition. It has grown so big that it recently leapfrogged Google parent Alphabet to rank as world’s sixth-largest asset by market cap, The Market Periodical reported.
From a pure investment standpoint, bitcoin has definitely been the better bet recently. Its price is up about 12% in 2025 as of June 13 and has gained about 56% over the past year. In contrast, ethereum’s price is down about 23% in 2025 and has lost more than 27% over the past year.
If you’re new to crypto, it’s important to understand the differences between bitcoin and ethereum, because it’s not an apples-to-apples comparison.
As U.S. News reported, bitcoin’s network uses a proof-of-work verification system. Ethereum, on the other hand, uses a proof-of-stake system, which U.S. News called “less energy-intensive.” Additionally, the main purpose of bitcoin is to serve as a digital currency that’s an alternative to other currencies, while ethereum is a platform that runs smart contracts, U.S. News explained.
According to VanEck, a New York-based investment management firm, both bitcoin and ethereum have seen their prices fluctuate significantly over the years. Despite that, VanEck noted that bitcoin has been the outperformer, remaining more stable than ethereum.
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