The incident at the Massillon, Ohio, facility followed the company's Q3 earnings report on Monday, showing a net loss of over $266 million. Bitcoin mining company Bitdeer confirmed that a fire broke out at its facility in Massillon, Ohio, on Tuesday, with no reported casualties. The fire affected two of 26 buildings under construction at the Massillon site, which does not have any mining rigs installed, according to an announcement on Wednesday. Bitdeer said it “does not expect” the incident to impact the company’s operational hashrate, a measure of the total computing power commanded by its mining operations. Read more
New data shows stable altcoin speculation despite Bitcoin’s price drop, hinting at early signs of risk re-entry and a more mature altcoin cycle ahead. Despite Bitcoin’s (BTC) 10% decline in October, Capriole Investments’ Altcoin Speculation Index has remained flat around 25%, suggesting that speculative activity in the altcoin market is holding steady rather than collapsing alongside BTC. This relative stability could indicate an early phase of re-entry among market participants, as investors selectively rotate into higher-risk crypto assets despite macroeconomic caution. Key takeaways: Altcoin speculation remains stable despite Bitcoin’s October slump to $100,000. Read more
Accor Hotel Group, which operates 24 hotels in Romania and plans 17 more openings by 2027, seeks to hire 500 new people for various operational and management roles over the next two years.