SpaceX writes of $373 million of BTC, FBI warns for Lazarus hackers and Oman to open second mining farm

3 min read

SpaceX wrote down bitcoin holdings by $373 million

Elon Musk’s space firm SpaceX wrote down the value of bitcoin it held by a total of $373 million last year and in 2021, the Wall Street Journal reported last Thursday, citing documents it said provided a rare look into the firm’s financials.

The paper also said the rocket company had sold bitcoin, but it didn’t specify how much or when.

Musk mentioned in a 2021 talk that SpaceX owned bitcoin, but it wasn’t known how much at the time since the firm is private, contrary to Tesla, which has sold $936 million worth of bitcoin.

Source: TheBlock

FBI warns crypto firms that North Korean hackers ‘may attempt to cash out bitcoin’

The U.S. Federal Bureau of Investigations alerted crypto companies that funds associated with North Korean hacker organizations, Lazarus Group and APT38, are on the move.

The FBI said that roughly 1,580 BTC, roughly $40 million at today’s price, linked to the North Korean cyber criminals were moved over the past 24 hours.

“Private sector entities should examine the blockchain data associated with these addresses and be vigilant in guarding against transactions directly with, or derived from, the addresses.”

The press release also featured the six different bitcoin wallets that have been flagged as purportedly belonging to the hackers.

Source: Decrypt

Oman flags off new crypto mining facility

Oman has launched a new digital asset mining facility, the second flagged off within months as it seeks to diversify the economy away from oil exports.

The Middle Eastern country has flagged off the faculty which cost about 135 million Omani rials (worth approximately $150 million). It will be operated by Exahertz, a local firm in collaboration with Woonwalk Systems.

The facility was built in the Salalah Free Zone, an economic zone that offers lower tax benefits to several corporate institutions to boost investment in the country.

The mining center will run top hardware from Bitmain Technologies and will host 2000 machines operating on 11 megawatts of power. Sam Ferdows, the CEO of Moonwalk Systems hailed the project and stressed the company’s commitment to improve the capacity of the center.

The capacity of the mine would be increased to 15,000 equipment by October with expansion plans to more cities. For sustainability, in addition to the added investments, the company will train citizens through programs.

Source: Cryptonews

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