WAO ART #382

SPH Media received $320m in funding over 2 years. The media industry has been severely disrupted. The funding aims to support SPH Media during this challenging period. SPH Media is a subsidiary of Singapore Press Holdings. The company operates various media platforms and publications.

CleanSpark has increased its bitcoin mining capacity to 16 EH/s. This boost in capacity is expected to significantly increase CleanSpark's revenue from bitcoin mining operations. The company has achieved this increase through the acquisition of additional mining equipment.

Australia's Viridis Mining and Minerals plans to invest US$270mn in Brazil's Colossus rare earths project. The investment will be used for the construction of an ore processing and treatment plant in Poços de Caldas. Viridis aims to contribute to the global shift towards clean energy generation.

Nigeria has imposed strict regulations on Binance, a major cryptocurrency exchange platform. The Nigerian government is demanding a massive $10 billion fine from Binance. Nigeria accuses Binance of involvement in illicit activities and links to currency devaluation.

US-listed New Fortress Energy has fired up a second floating storage and regasification unit-based LNG import terminal in Brazil in one week. The company said its Terminal Gas Sul in Santa Catarina went into operation after hooking up the FSRU Energos Winter at the long-planned facility.

Record-breaking daily trades on Bitcoin $2.6 billion transacted across all nine Bitcoin ETFs in a single day. Institutional investors like Morgan Stanley exploring spot Bitcoin ETFs. Morgan Stanley's Europe Opportunity Fund expanding investment strategy to include Bitcoin ETFs.

Payments solutions provider Clear Junction has joined the UK Cryptoasset Business Council. The council advocates for the UK's crypto and Web3 ecosystem and promotes collaboration and best practices. Clear Junction's decision to join coincides with growing acceptance of crypto in mainstream finance.