Bitcoin Mining

A collection of 70 posts

Bitcoin

Elon Musk Links Bitcoin Strength to Unprintable Energy Amid Surging AI Demands

A recent exchange on social media between financial commentator ZeroHedge and Tesla CEO Elon Musk highlights the growing intersection of artificial intelligence, national security, and Bitcoin. ZeroHedge pointed out that the escalating costs of AI development resemble a modern arms race, with governments in the United States and China likely

Bitcoin

Treasury Secretary Bessent Discloses U.S. Government Has $17 Billion in Bitcoin Holdings

U.S. Treasury Secretary Scott Bessent shared insights into the government's approach to Bitcoin during a private dinner on October 7 with executives from the Bitcoin mining industry. The gathering included CleanSpark Executive Chairman S. Matthew Schultz and Senate Banking Committee Chairman Tim Scott. Discussions ranged from legislative

Bitcoin Mining

Crypto Miner TeraWulf Secures Google Support for $3 Billion AI Data Center Buildout

TeraWulf aims to secure around $3 billion in financing to expand its crypto mining data centers, drawing on Google's backing to fuel growth in artificial intelligence infrastructure. Patrick Fleury, the company's finance chief, shared details in an interview with Bloomberg News, highlighting the potential for a

Bitcoin Mining

Exploring Jack Dorsey’s Proto Rig and Its Impact on Bitcoin Mining

Block Inc has introduced the Proto Rig, a modular Bitcoin mining system designed to address longstanding challenges in the industry. Unveiled last month at a facility in Dalton, Georgia, the product comes from the company led by Jack Dorsey, which holds around 8,700 BTC in its treasury as of

Bitcoin Mining

Hosting Provider Sues Bitmain Over Alleged Breach of Contract Agreement

A legal battle has begun in the Bitcoin mining industry as Old Const, a hosting provider, filed a lawsuit against Bitmain, the world’s leading manufacturer of cryptocurrency mining equipment. The suit, filed in response to Bitmain’s alleged wrongful termination of a hosting agreement, accuses the mining giant of

Bitcoin

Bitcoin’s Declining Fees Threaten Long-Term Security Model: Galaxy Digital

Bitcoin’s fee market has entered a troubling phase, with transaction fees dropping and raising concerns about the network’s long-term economic security. A sharp decline in onchain activity, particularly following the fade of non-monetary use cases like Ordinals and Runes in late 2024, has left Bitcoin’s blockchain quieter

Bitcoin Mining

Google’s $3.7 Billion Investment in TeraWulf Signals Major Shift in Bitcoin Mining

Google has taken a significant step into the crypto sector by acquiring an 8% ownership stake in TeraWulf, a leading Bitcoin mining company, as part of a $3.7 billion deal. This move positions the tech giant alongside other major players looking to bolster the infrastructure supporting Bitcoin and the

Bitcoin Mining

Greenidge Generation Sells Mississippi Bitcoin Mining Facility Amid Trump Tariffs

Greenidge Generation, a Bitcoin mining company headquartered in Connecticut, has announced the sale of its Columbus, Mississippi facility just one year after it began operations. The decision comes as the company grapples with financial difficulties and navigates a tough landscape for U.S. Bitcoin miners. According to a recent filing

Bitcoin Mining

Bitcoin Mining in Texas: Balancing Economic Benefits and Community Challenges

In the quiet town of Granbury, Texas, the hum of Bitcoin mining facilities has disrupted the lives of local residents, casting a spotlight on the darker side of the cryptocurrency boom. A recent video by More Perfect Union, a nonprofit newsroom, delves into the challenges faced by communities living near

Bitcoin Mining

Bitmain Plans First US Manufacturing Facility to Capitalize on Domestic Crypto Boom

Bitmain, a leader in Bitcoin and cryptocurrency mining hardware, is set to establish its first U.S. manufacturing facility, marking a significant step in aligning with America’s push for domestic production in strategic industries. The Beijing-based company plans to open a new headquarters and assembly line in either Texas

Bitcoin

MicroStrategy Leads Corporate Bitcoin Holdings with $65 Billion Treasury

MicroStrategy, rebranded as Strategy, has solidified its position as the world’s leading corporate holder of Bitcoin, with a treasury valued at approximately $65 billion. The company holds 576,230 Bitcoins, representing 2.844% of the total Bitcoin supply, outpacing other major players in the growing trend of corporate cryptocurrency

Bitcoin

American Bitcoin Secures $220 Million to Fuel Crypto Mining Expansion and Public Listing

Bitcoin venture with ties to the Trump family has taken a significant step toward scaling its operations, raising $220 million from private investors. American Bitcoin, backed by Eric Trump, plans to use the funds to purchase Bitcoin and bolster its mining infrastructure, according to a recent regulatory filing. The company,

Bitcoin Mining

No, Iran Wasn't Running Nuclear Powered Bitcoin Mining ASICs

On June 21, 2025, the global Bitcoin mining hashrate experienced a dramatic 25% decline, sparking widespread speculation about its connection to U.S. military strikes on Iranian nuclear facilities. The timing of the airstrikes, announced by President Donald Trump at 7:50 PM EDT, coincided almost in sync with the

Bitcoin Mining

Trump's American Bitcoin Mining Company Buys $24 Million BTC for Treasury

A newly formed Bitcoin mining company called American Bitcoin which is backed by Eric Trump and Donald Trump Jr., has made a significant move by acquiring 215 BTC, valued at approximately $24 million as of May 31. This purchase, detailed in a June 6 filing with the U.S. Securities

Bitcoin

Pakistan Plans to Launch Bitcoin Strategic Reserve Using Seized Assets

Pakistan is charting a new course in its crypto policy, announcing an ambitious plan to establish a national Bitcoin strategic reserve without tapping into public funds. The initiative, spearheaded by the country’s newly formed crypto council, marks a significant departure from Pakistan’s earlier stance, which included a blanket

Bitcoin Mining

Bitcoin Mining Company CleanSpark Faces Pushback Over Mining Site in Tennessee

In the quiet Appalachian town of Mountain City, Tennessee, a proposed Bitcoin mining facility by CleanSpark has ignited a heated debate among residents. The crypto mining company plans to construct a 30MW facility on a 50 acre plot at 178 Rainbow Road, aiming to expand its operations in the region.

Bitcoin Mining

Bitcoin Mining Embraces Sustainability as Cambridge Study Reveals 52.4% Clean Energy Use

A recent study from Cambridge University highlights a significant shift in the Bitcoin mining industry, with sustainable energy sources now accounting for 52.4% of its power consumption. This marks a notable increase from 37.6% in 2022, surpassing the 50% threshold set by Tesla CEO Elon Musk for resuming

Bitcoin Mining

Bitcoin Mining Costs Surge 47% Amid Rising Expenses

The cost of mining Bitcoin skyrocketed in the final quarter of 2024, climbing to an average of $82,162 for publicly listed miners, a 47% increase from the previous quarter, according to a comprehensive CoinShares industry report. When factoring in non-cash expenses like depreciation and stock-based compensation, the total production

Bitcoin Mining

LAPD Busts South American Cargo Theft Ring, Recovers $2.7 Million in Stolen Bitcoin Miners

The Los Angeles Police Department has uncovered a sophisticated cargo theft operation, seizing stolen goods valued at $3.9 million, including Bitcoin miners worth $2.7 million. The discovery, made at a warehouse in San Pedro, California, has led to the arrest of two individuals linked to a South American

Bitcoin Mining

How Bitcoin Mining Powers This Brooklyn Luxury Spa

In the heart of Brooklyn’s Williamsburg neighborhood, Bathhouse spa offers a luxurious retreat where steaming pools, marble hammams, and soothing showers create an oasis of calm. Yet behind the serene ambiance lies an innovative twist: the spa’s water is heated not by traditional methods but by the computational

Bitcoin

Jihan Wu and Bitdeer Face Scrutiny Over Transparency and Governance Concerns in Research Report

Bitdeer Technologies Group, a Nasdaq-listed Bitcoin mining company, has come under intense scrutiny following a detailed report by "Callisto Research," an organization that has taken a short position on the company’s stock (BTDR). The report attempts to raise serious questions about Bitdeer’s financial transparency, corporate governance,

Bitcoin Mining

Illegal Bitcoin Mining Farm Uncovered in Small Town in Mexico Exposes Energy Theft

Authorities in Mexico have exposed an illegal Bitcoin mining farm operating within the facilities of the Mexican Electricians Union (SME) in Nuevo Necaxa, which has a population of 8,200 people. The operation, which had been running for over a year, was discovered in the union’s multi-purpose hall, located

Bitcoin Mining

U.S. and Other Countries Can Step Up Bitcoin Mining ASIC Production Amid Trump Tariffs

The world of Bitcoin mining is facing a shakeup as most ASIC machines, the specialized hardware that power Bitcoin miners, come from China, where companies like Bitmain dominate the market. With the Trump administration pushing high tariffs on Chinese imports, the cost of bringing these machines into the U.S.

Bitcoin Mining

Pakistan Plans to Use Excess Electricity for Bitcoin Mining and AI

Pakistan is taking a big step with new plans toward utilizing its excess electricity by channeling it into Bitcoin mining and artificial intelligence data centers, according to Bilal Bin Saqib, head of the Pakistan Crypto Council and adviser to the finance minister. Saqib revealed that discussions with multiple Bitcoin mining

Bitcoin

Bitcoin Hashrate Soars to Record High While Price Holds Steady

In a significant development, Bitcoin's hashrate has reached an all-time high as of April 2025, signaling robust growth in the network's computational power. This milestone shows the increasing activity and security within the Bitcoin ecosystem. The hashrate, which measures the total computational power used to mine