ChainFabricNews

Image source: CryptoRank In a surprising and bold move, Eskom , South Africa’s struggling state-owned power utility, is exploring the idea of using its excess electricity to mine Bitcoin and power AI-driven data centers. This strategy aims to tackle Eskom’s massive R403 billion ($22.7 billion) debt , which has put the utility — and the country — under immense pressure. This development has sparked serious debate. Can cryptocurrency mining be a lifeline for Eskom? Or is it just another risky bet in the energy crisis? ⚙️ Why Bitcoin Mining? Bitcoin mining is the process of verifying and adding new transactions to the Bitcoin blockchain — and it requires a lot of electricity . In countries with cheap or excess power, Bitcoin mining can be highly profitable. Eskom’s CEO, Dan Marokane , recently hinted that by creating AI-powered data centers and mining Bitcoin, the company could monetize surplus electricity and generate new revenue streams. This could be especially useful during off-peak ...

Image source: Live Bitcoin News In a bold step that’s turning heads in the crypto world, Australian-based exchange Swyftx has officially acquired Caleb & Brown , a boutique crypto brokerage that caters to wealthy investors across the globe—especially in the U.S. This move is already being called one of the biggest crypto deals in Australasia, and it's making waves far beyond Australia's shores. So, what makes this such a big deal? Well, Caleb & Brown isn't your average crypto platform. Based in Melbourne, the company manages over US$2 billion in digital assets and has built a strong reputation for offering one-on-one, white-glove service to high-net-worth individuals. We're talking about investors who typically hold more than a million dollars in liquid assets. Now, with Swyftx stepping in, the Australian exchange is aiming to tap directly into this elite market. Why Now? The timing couldn’t be better. Crypto markets are heating up again, and many believe a ne...

Image source: The Crypto Times In a bold and surprising move, Brazilian fintech company Meliuz has officially become the country's first publicly traded company to hold Bitcoin as a treasury asset . While many businesses are still debating whether or not to touch crypto, Meliuz has taken a giant leap — and people are watching closely. Why Is This a Big Deal? Meliuz isn’t just some startup trying to grab headlines. It’s one of Brazil’s most popular cashback and coupon platforms, used by millions of everyday Brazilians. Until recently, it was mainly focused on digital payments and financial services. But now, it’s doing something no other major company in Brazil has done before: adding Bitcoin to its balance sheet like it’s cash or gold. Earlier this year, Meliuz quietly bought 45.72 bitcoins , spending around US $4.1 million . Then in May, after getting the green light from its shareholders, it bought even more— another 274.52 BTC . All in, they now hold over 320 BTC , valued at m...