Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

CleanSpark Surpasses 10,000 BTC Treasury Milestone with 236% YoY Growth

Nevada-based Bitcoin mining firm – CleanSpark – has reached a significant milestone by surpassing 10,000 BTC in its treasury. All the Bitcoins were mined exclusively from its US-based operations. The latest figure reflects a 236% year-over-year (YoY) increase in its Bitcoin holdings. CleanSpark Hits Milestone Zach Bradford, CEO and President of the firm attributed the milestone to the company’s strategic focus on efficient and responsible scaling, emphasizing the use of American energy and workforce to support its mining operations. In a statement , Gary Vecchiarelli, Chief Financial Officer of CleanSpark, said, This achievement is not just about a number, it is a direct reflection of the success of our financial strategy and how far our industry-leading operations have come, which have evolved since we mined our first bitcoin in December 2021. By avoiding unfavorable counterparty exposure and leveraging our bitcoin to lower our cost of capital, we are positioning CleanSpark as a leader in responsible financial innovation.” According to data compiled by BitcoinTreasuries, CleanSpark trails behind other mining firms such as MARA Holdings, which holds 44,893 BTC, and Riot Platforms, with 17,722 BTC. On the other hand, CleanSpark is followed by Florida-based miner Hut 8 Mining, which currently has 10,096 BTC. Miners Prioritize Holding Bitcoin To cover operational expenses, Bitcoin miners often sell portions of their mined Bitcoin. However, firms such as MARA Holdings prioritize retaining their BTC reserves. Its CEO, Fred Thiel, recently said that retail investors should consider buying Bitcoin and just let the crypto asset appreciate in value. It recently lent 7,377 BTC to third parties, which was worth around $730 million at the time of the deal, for small yields. CleanSpark, too, appears to have followed a similar strategy. In 2024, the firm mined 7,024 BTC but sold only 12.65 BTC in December, preserving most of its holdings. This sentiment is also depicted in a recent report which indicated that Bitcoin miners have significantly slowed their sales since April 2024. While a brief uptick in exchange flows occurred in November 2024 due to a post-election BTC price surge, miners have since reduced profit-taking. With current profitability, these miners have resorted to holding their Bitcoin over selling the stash. The post CleanSpark Surpasses 10,000 BTC Treasury Milestone with 236% YoY Growth appeared first on CryptoPotato . Bitcoin.com

---

T-Mobile Sued Over Massive Data Breach That Leaked Sensitive Info on 79,000,000 Americans

A new lawsuit targets T-Mobile for allegedly failing to fix longstanding cybersecurity issues that led to a massive data breach involving the personal data of millions of Americans. The Office of the Attorney General for Washington State accuses T-Mobile of violating the state’s Consumer Protection Act by deceiving customers about its ability to protect their data even though the firm knew for years that its cybersecurity systems did not meet industry standards. Attorney General Bob Ferguson also alleges that T-Mobile understated the impact of the data breach by neglecting to mention all the information that had been stolen when it sent notices to customers affected by the exploit. “This significant data breach was entirely avoidable. T-Mobile had years to fix key vulnerabilities in its cybersecurity systems – and it failed.” Ferguson says that in August of 2021, T-Mobile became aware of a cybersecurity incident that compromised the data of over 79 million Americans including their phone numbers, names, addresses, driver’s license records along with other personal information. The attorney general also says the hack siphoned the data of 2,025,634 Washington residents, including 183,406 customers who had their Social Security numbers exposed. According to court documents, T-Mobile was in the dark about the hack for many months until it received a tip that its customers’ data were being sold on the dark web. Says the press release, “The data breach began in March 2021 and continued until August 12, 2021. Due to a lack of adequate security monitoring, according to the lawsuit, T-Mobile was unaware of the breach until an anonymous outside source notified the company that its customers’ data was posted for sale on the dark web.” Ferguson says before the 2021 hack, T-Mobile had witnessed “numerous cyberattacks” and knew it would continue to be a target as early as 2020 based on a U.S. Securities and Exchange (SEC) filing. However, he alleges that the firm did not do anything to address gaps in its systems while reassuring customers on its website that their data was safe by stating: “We’ve got your back. We’re always working to protect you and your family and keep your data secure.” The attorney general also alleges that T-Mobile used easy-to-guess passwords, making it simple for thieves to access the firm’s customer records. “The 2021 breach was enabled, in part, when the hacker guessed obvious credentials to gain access to T-Mobile’s internal databases.” Additionally, Ferguson accuses T-Mobile of misleading customers about the severity of the breach as the firm removed “critical and legally required information” when it issued notices via text messages. “Current customers whose Social Security numbers were exposed did not receive any information regarding that exposure.” The attorney general is asking the court to impose civil penalties on T-Mobile while seeking restitution for Washington residents affected by the hack. He is also seeking injunctive relief to force the firm to revamp its cybersecurity systems and be more transparent when communicating with customers. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post T-Mobile Sued Over Massive Data Breach That Leaked Sensitive Info on 79,000,000 Americans appeared first on The Daily Hodl . Bitcoin.com