#Bitcoin #Miner Stronghold Looking at Options, Including Sale of Company
The miner is looking at options including sale of all or part of the company and other strategic transactions.
Bitcoin miner Stronghold Digital Mining (SDIG) has started exploring strategic alternatives that could include a potential sale of the company.
"The company is considering a wide range of alternatives to maximize shareholder value, including, but not limited to, the sale of all or part of the Company, or another strategic transaction involving some, or all of, the assets of the Company," the miner said in a press release on Thursday.
Stronghold, the company that turns piles of coal waste into energy to mine bitcoin, said the move comes as there is a "valuation dislocation" of the stock compared to its other mining peers in the market.
“Stronghold’s Board and management team are committed to maximizing value for our shareholders and, to that end, have commenced a comprehensive and thorough review of strategic alternatives,” said Greg Beard, chairman and chief executive officer of Stronghold.
The company has hired Cohen and Company Capital Markets as financial advisers and said there isn't any specific timeline set for the completion of the review. The shares fell about 2% on Thursday.
The stock fell 62% this year, while peers such as Riot Platforms (RIOT) and Marathon Digital (MARA) fell about 40%. Bitcoin rose 39% so far this year.
Stronghold went public during the peak of the bull market in . How #2021 ever, like many of its peers, it faced financial difficulties during the crypto winter due to a heavy debt load on its balance sheet. The company was able to avoid a similar fate as some of its peers that went bankrupt by restructuring its debt and shoring up the balance sheet in #2022 and #2023
Mergers and acquisitions have been touted as one of the areas that will gain momentum after the halving, which made the mining landscape more competitive for the miners as rewards were cut in half.
There has already been an uptick in M&As in the mining industry as miners with stronger balance sheets started to buy up assets that are trading at low valuations.

This is little bit information from CoinDesk
May be its important to miners
Thanks for giving the presious time

Uniswap v4 Whitepaper Released: A New Era of Decentralized Exchange Innovation

The Uniswap v4 whitepaper was released on June 13, 2023, and it represents a major step forward for the decentralized exchange (DEX) protocol. Uniswap v4 introduces a number of new features, including:

Concentrated liquidity: LPs can now deploy liquidity across a range of prices, rather than just a single price. This allows them to earn more fees and reduce impermanent loss.

Custom hooks: Developers can now add custom logic to Uniswap pools. This could be used to implement new features, such as MEV-capture or price oracles.

Single contract: All Uniswap pools are now deployed in a single contract. This reduces gas costs and makes it easier for integrators to build on top of Uniswap.

The release of Uniswap v4 is a major milestone for the DEX protocol. It opens up a new world of possibilities for innovation and makes Uniswap even more powerful and versatile.

Concentrated Liquidity

One of the most significant changes in Uniswap v4 is the introduction of concentrated liquidity. In previous versions of Uniswap, LPs could only deploy liquidity at a single price. This meant that they were exposed to impermanent loss if the price of the asset they were providing liquidity for moved significantly.

In Uniswap v4, LPs can now deploy liquidity across a range of prices. This is done by specifying a range of prices and a maximum amount of liquidity that they are willing to provide. The protocol will then automatically distribute the LP's liquidity across the specified range of prices.

Concentrated liquidity offers a number of benefits for LPs. First, it allows them to earn more fees. This is because the protocol will always charge the lowest possible fee for a swap. Second, it can help to reduce impermanent loss. This is because LPs are no longer exposed to the full range of price movements.

Custom Hooks

Another major change in Uniswap v4 is the introduction of custom hooks. Hooks are small pieces of code that can be added to Uniswap pools. They can be used to implement new features, such as MEV-capture or price oracles.

MEV stands for miner extractable value. It is the profit that miners can earn by frontrunning trades on DEXes. Uniswap v4's custom hooks can be used to implement MEV-capture strategies. This means that LPs can earn a share of the MEV that is extracted by miners.

Price oracles are used to determine the price of an asset. They are a critical part of any DEX. Uniswap v4's custom hooks can be used to implement price oracles. This means that LPs can provide liquidity to pools that are priced using their own oracles.

Single Contract

All Uniswap pools in v4 are deployed in a single contract. This reduces gas costs and makes it easier for integrators to build on top of Uniswap.

Gas is the fee that is paid to miners to process transactions on Ethereum. By deploying all pools in a single contract, Uniswap v4 can reduce gas costs by up to 50%. This is because miners only need to process a single transaction to update all pools.

The single contract design also makes it easier for integrators to build on top of Uniswap. This is because they can interact with all pools using a single API.

Conclusion

The release of Uniswap v4 is a major milestone for the DEX protocol. It opens up a new world of possibilities for innovation and makes Uniswap even more powerful and versatile.

#UNISWAP #Miner #Liquidity #Binance #pepe