BitGo’s new custody support for Canton Coin allows regulated institutions to securely hold the Canton Network’s native token in the United States. Digital asset infrastructure company BitGo has added support for Canton Coin (CC), the native token of the Canton Network, in a move that could make it easier for US institutions to hold the asset through a qualified custodian. The companies announced the integration on Wednesday, saying it will give banks and asset managers compliant access to a network already processing significant volumes of tokenized real-world assets (RWAs). The partnership introduces cold-storage custody and insurance-backed security, and could pave the way for future support of stablecoins, tokenized securities and other onchain financial instruments. Read more
The latest push follows TeraWulf’s earlier $3 billion financing effort with Morgan Stanley and Google’s $1.4 billion backstop, plus a $3.7 billion hosting deal with Fluidstack. Crypto mining company TeraWulf plans to raise $500 million through a convertible note offering to help finance the construction of a new data center campus in Abernathy, Texas. The private offering is aimed at qualified institutional buyers, the company announced on Wednesday. It granted underwriters the option to purchase an additional $75 million in notes within 13 days of issuance, depending on market conditions. The convertible senior notes, due on May 1, 2032, will carry no regular interest, with conversion available only under specific conditions before February 2032. Investors will have the option to convert the notes into cash, TeraWulf shares, or a combination of both, with pricing and conversion terms to be determined through final negotiation. Read more
Brazilian solar energy company Thopen is reportedly exploring Bitcoin mining as a way to monetize excess renewable power and offset curtailment losses. Brazilian solar power producer Thopen is exploring a move into Bitcoin mining to absorb surplus energy generated by the country’s fast-growing renewable sector, the company’s CEO told local outlet BN Americas. Gustavo Ribeiro, who is CEO of Thopen and its majority owner, Pontal Energy, told BN Americas the company is considering expanding into Bitcoin (BTC) mining, according to a Wednesday report. When asked how Thopen plans to address Brazil’s energy oversupply, Ribeiro said the company is mitigating the issue through diversification. He added that the company is also “evaluating solutions such as data centers and Bitcoin mining near the load to absorb locally generated energy.” Read more