Bitcoin Mining

A collection of 31 posts

Bitcoin Mining

Bitcoin Miner BitFuFu Acquires 51MW Oklahoma Data Center to Expand Mining Operations

Today, mining company BitFuFu announced its acquisition of a 51-megawatt operational data center in Oklahoma, a strategic step that’s set to supercharge its U.S. Bitcoin mining footprint and redefine efficiency in the crypto mining industry. The acquisition highlights the company’s savvy approach to expanding its global reach.

Bitcoin Mining

Bitcoin Mining Boosts US Economy by $4 Billion, Creates 31,000 Jobs

Bitcoin mining, often criticized for its environmental footprint, is now making headlines for its significant economic contributions to the United States. A comprehensive analysis by the Perryman Group, commissioned by key crypto advocacy groups like the Digital Chamber of Commerce and the Texas Blockchain Council, highlights the industry's

Legal

HashFlare Bitcoin Cloud Mining Operators Admit Guilt in Massive $577 Million Crypto Scam

Two Estonian nationals, Sergei Potapenko and Ivan Turõgin, have pleaded guilty to orchestrating a $577 million Ponzi scheme through their cloud mining service, HashFlare. This revelation comes after an extensive investigation led by the FBI's Seattle field office, culminating in the arrest and extradition of the duo to

Bitcoin Mining

US Bitcoin Miners Grapple with Delays Amidst Heightened Trade Tensions with China

Mining for digital gold in the United States has hit a snag, with Bitcoin miners now facing extended delays in receiving mining machines from Bitmain, China's leading supplier of Bitcoin mining rigs. This disruption is primarily due to the escalating tariff war between the U.S. and China,

Bitcoin Mining

Illegal Bitcoin Mining Operation Discovered by Explosion in Malaysia

An ordinary Tuesday in a town near Kuala Lampur, Malaysia, was disrupted by an unexpected explosion, unveiling a covert Bitcoin mining operation hidden within an empty house. The incident occurred along Lorong Cekara Purnama, located in Bandar Puncak Alam, transforming a quiet neighborhood into the scene of a disaster. The

Regulations

New York Proposes Crypto Task Force for In-Depth Market Analysis

In a move that could significantly shape the future of crypto regulation in New York, State Senator James Sanders Jr. has introduced a bill aimed at forming a specialized crypto task force. This group would delve into the intricacies of the crypto landscape within the state, assessing its economic, environmental,

Bitcoin

Bitdeer Acquires Gas Power Plant in Canada for Bitcoin Mining Expansion

Bitdeer, a prominent player in the Bitcoin mining industry, has recently made headlines with its strategic acquisition of a 101 MW gas-fired power plant in Alberta, Canada. This $21.7 million cash deal not only marks Bitdeer's expansion into the Canadian market but also sets the stage for

Bitcoin Mining

Hive Digital Technologies Boosts Bitcoin Mining Power with Paraguay Acquisition

Hive Digital Technologies Ltd., a leader in Bitcoin mining and blockchain infrastructure, has made a significant strategic move by acquiring Bitfarms' 200 MW hydro-powered Bitcoin mining facility in Yguazú, Paraguay. This acquisition is set to dramatically enhance Hive's capacity to mine Bitcoin, aiming to quadruple its current

Strategic Bitcoin Reserve

Trump Eyes Bitcoin Reserve Amid Talks with Michael Saylor and Marathon Digital

Michael Saylor, the visionary behind MicroStrategy, along with key executives from Bitcoin mining company Marathon Digital, recently convened with members of President-elect Donald Trump's incoming administration. This meeting, which took place amidst a reception hosted by Vice President JD Vance, hints at a potential shift in U.S.

Bitcoin Mining

Marathon Digital Inscribes Donald Trump Image on Bitcoin Blockchain

Marathon Digital has taken an interesting step by inscribing a portrait of Donald Trump onto the Bitcoin blockchain, an act that symbolizes not only the intertwining of politics with crypto but also positions Trump as the first U.S. president explicitly supportive of Bitcoin. Marathon Digital announced this unique initiative

Bitcoin Mining

Bitcoin Miner BitFuFu Aims to Boost Operations with Oklahoma Facility Acquisition

Singapore-based BitFuFu, a firm with significant backing from Bitmain, has set its sights on expanding its footprint in North America through an ambitious acquisition. The company has unveiled plans to secure a majority stake in a 51-megawatt Bitcoin mining facility located in Oklahoma, marking a strategic move aimed at enhancing

Bitcoin Mining

Arkansas Legislature Considers Banning Bitcoin Mining Near Military Bases

The state of Arkansas is on the brink of passing legislation that could reshape the landscape for Bitcoin and crypto mining operations, particularly those near military installations. Senate Bill 60, introduced by Senator Ricky Hill and House Speaker Brian Evans, seeks to amend the Arkansas Data Centers Act of 2023

Bitcoin

El Salvador Harnesses Volcanic Power for Sustainable Bitcoin Mining

In the heart of Central America, El Salvador has embarked on an innovative venture that intertwines the digital economy with one of nature's most formidable forces: a volcano. This small nation has successfully mined 474 Bitcoins, amassing a value of $29 million, by harnessing the geothermal energy from

Tether

Tether Files Lawsuit Against Swan Bitcoin Over Mining Joint Venture Dispute

In a significant escalation of their ongoing dispute, Tether, the stablecoin giant, has taken legal action against financial services firm Swan Bitcoin. The lawsuit filed in the High Court of England and Wales, centers around a contentious Bitcoin mining partnership known as 2040 Energy, revealing tensions that have simmered beneath

Bitcoin Mining

Trump's $20 Billion Data Center Investment Signals Potential Boost for US Bitcoin Mining

In a recent announcement, President-elect Donald Trump has unveiled plans for a significant $20 billion investment in data centers across the United States, spearheaded by DAMAC Properties and its billionaire owner, Hussain Sajwani. The initiative, centered in states like Texas, Arizona, Oklahoma, Louisiana, Ohio, Illinois, Michigan, and Indiana, is primarily

Bitcoin Mining

US Dominates Bitcoin Hashrate with Over 40% Control

The landscape of Bitcoin mining has shifted dramatically, with the United States now leading the charge by accounting for over 40% of the global Bitcoin hashrate, as reported by the close of 2024. This significant portion of the network's computing power is primarily funneled through two US-based mining

Bitcoin Mining

Bitfufu Secures Massive Bitcoin Mining Boost with Bitmain Deal

In a bold strategic move to dominate the digital asset mining landscape, Bitfufu, a publicly traded company listed on Nasdaq, has revealed a significant partnership with Bitmain. On January 2, 2025, Bitfufu revealed it had secured a deal to acquire an additional 80,000 Antminer S units, showcasing its intent

Ethereum

Why Bitcoin Might Be Less Decentralized Than Ethereum

In the ever-evolving world of crypto, the debate over which blockchain is truly decentralized continues. A recent post by Ethereum evangelist Anthony Sassano has sparked intrigue by comparing the decentralization of Bitcoin and Ethereum, two of the most prominent cryptocurrencies in the market. The post, which has certainly caught the

Bitcoin

Russia Says It Uses Bitcoin for International Payments Amid Western Sanctions

In a strategic pivot to navigate around Western sanctions, Russian companies are increasingly turning to Bitcoin and other digital currencies for their international transactions. This shift comes in the wake of legislative changes that now permit the use of cryptocurrencies in foreign trade, a move highlighted by Finance Minister Anton

Bitcoin Mining

Chinese Car Dealership Cango Makes $256 Million Investment into Bitcoin Mining

In a bold move that underscores the shifting corporate strategy, Shanghai's own Cango Inc., traditionally known for its automotive transactions, has plunged into the murky, yet lucrative waters of Bitcoin mining with a hefty investment of $256 million. Cango's Strategic Shift into Cryptocurrency The company has

Bitcoin Mining

Marathon Digital Turns Bitcoin Mining Heat into Warmth for 80,000 Finnish Homes

In a fascinating experiment, Marathon Digital Holdings has managed to turn the heat from Bitcoin mining into a resource that warms the homes of 80,000 residents in Finland. This innovative approach not only redefines what we think about Bitcoin mining but also showcases how such operations can contribute positively

Bitcoin Mining

Iran Suspects Bitcoin Mining For Persistent Power Outages

In recent weeks, Iran has been grappling with rolling power blackouts, disrupting life across the capital Tehran and numerous outlying provinces. Amid this chaos, Iran suspects a significant culprit: the energy-intensive practice of Bitcoin mining. Iran, long burdened by international sanctions due to its nuclear ambitions, faces a complex energy

Crypto

Nvidia Faces Setback as US Supreme Court Rejects Appeal in Crypto Class Action Suit

In a significant legal blow to Nvidia, the tech giant known for its high-performance graphics processing units (GPUs), the United States Supreme Court has dismissed the company's appeal, paving the way for a class-action lawsuit to move forward. This lawsuit accuses Nvidia of misleading investors by understating the

Bitcoin Mining

Riot Platforms Amps Up Bitcoin Holdings with Massive $500 Million Fundraise

Riot Platforms, a leading Bitcoin mining company, is making headlines with its ambitious plan to bolster its Bitcoin reserves. The firm has announced intentions to raise up to $500 million through a private senior convertible notes offering. This strategic financial move aims not only to expand Riot's Bitcoin

Bitcoin

Putin Declares Bitcoin Unstoppable as Russia Embraces Crypto

Russian President Vladimir Putin has publicly endorsed Bitcoin, declaring it an unstoppable force in the global financial landscape. Speaking at the World Trade Center in Moscow on Wednesday, Dec. 4, Putin highlighted the inevitability of digital currencies' growth, not just in Russia but across the world. His comments come