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- Bitcoin Mining to Get a Texas-Sized Gas Boost!
Bitcoin Mining to Get a Texas-Sized Gas Boost!
The FLARE Act proposes using wasted flared natural gas from oil and gas production sites to power Bitcoin mining operations.

Here's what we've got for you today:
Ted Cruz Pushes New Bill to Power Bitcoin Mining with Flared Gas
GameStop Finishes $1.5B Raise to Add Bitcoin to Its Balance Sheet
Circle and Trump-Backed Bitcoin Miner Move Toward Public Listings
SEC and Gemini Ask to Pause Lawsuit to Explore ‘Potential Resolution’



Sen. Ted Cruz introduced the FLARE Act that is aimed at incentivizing Bitcoin miners to use flared natural gas as an energy source.
The FLARE Act proposes using wasted flared natural gas from oil and gas production sites to power Bitcoin mining operations, reducing emissions and energy waste.
The bill already received support from major industry players like Digital Power Network and MARA Holdings, who believe it will cut pollution and boost Texas’ role in crypto mining.
The bill also includes a provision that bans companies linked to foreign adversaries from benefiting from these incentives.
GameStop Corporation (GME) finished a convertible debt offering that raised $1.5 billion, and some of proceeds are earmarked for buying Bitcoin.
GameStop raised $1.5 billion through a convertible debt offering, exceeding the initial target of $1.3 billion after investors opted for an additional $200 million.
The company plans to use part of the proceeds to buy Bitcoin, which is in line with its corporate investment policy.
The convertible notes mature in 2030, and can be converted into equity at a rate of 33 shares per $1,000 of principal.
Circle Internet Financial officially filed paperwork with the SEC to go public on the New York Stock Exchange (NYSE).
Circle filed for an IPO after two previous failed attempts, which is a major step toward becoming a publicly traded company.
The company's S-1 filing shows $1.67 billion in revenue for 2024, up 16% year-on-year, but also reveals a big drop in net profits.
American Bitcoin Corp., backed by Trump family members, is also preparing for an IPO after its recent merger with Bitcoin mining firm Hut 8, aiming to raise capital and expand operations.
The SEC and Gemini asked for a 60-day stay of the regulator’s lawsuit to “explore a potential resolution.”
The SEC and crypto exchange Gemini have requested a 60-day pause in the SEC’s lawsuit over Gemini's Earn program to explore a potential settlement.
Both parties agreed that pausing the case will not harm any involved party and could help conserve judicial resources.
They proposed submitting a joint status report within 60 days to update the court on the progress of their resolution discussions.

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