Bitcoin Mining

A collection of 55 posts

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

Bitcoin Mining

Chinese Firm Cango Sells Auto Division for $351.94 Million to Boost Bitcoin Mining

On April 3, 2025, Cango Inc., a Chinese company listed on the NYSE as CANG, revealed plans to sell its China based auto business for $351.94 million in cash. This deal, which kicks off with a $210.64 million payment at closing and follows with additional sums based on

Bitcoin Mining

Senator Ted Cruz Introduced FLARE Act to Transform Flared Gas into Bitcoin Mining Power

On April 1, 2025, Senator Ted Cruz introduced a new piece of legislation aimed at repurposing flared natural gas from oil drilling operations into a resource for mining Bitcoin and other digital assets. Known as the Facilitating Lower Atmospheric Released Emissions Act, or FLARE Act, this bill seeks to tackle

Bitcoin Mining

Eric Trump and Donald Trump Jr. to Launch American Bitcoin Mining Venture

Eric Trump and Donald Trump Jr. have partnered with Miami based Hut 8 to establish a new Bitcoin mining company named American Bitcoin. Announced on Monday, this collaboration marks a bold step for the Trump family into the evolving world of cryptocurrency, aligning with broader industry trends toward mainstream adoption.

Bitcoin Mining

Jihan Wu Champions Hydro Cooling as Bitcoin Mining's Future Amid Industry Innovations

Jihan Wu, the influential co-founder of Bitmain and a long-standing advocate for Bitcoin's growth, shared his perspective on the future of Bitcoin mining. Quoting a recent post from Bitdeer, the mining company he founded, Wu emphasized the transformative potential of hydro cooling, a technology he believes will redefine

Bitcoin

Marathon Digital Announces $2 Billion Stock Sale to Boost Bitcoin Holdings in Strategic Move

Marathon Digital Holdings, a prominent player in the Bitcoin mining industry, has revealed plans to sell $2 billion worth of stock to significantly expand its Bitcoin reserves. The announcement, detailed in a recent SEC Form 8-K filing, shows the company’s ongoing commitment to deepening its investment in cryptocurrency. This

Bitcoin Mining

Bitcoin Mining Powers Remote Zambia with Clean Energy and Community Growth

In the far north-western corner of Zambia, where the Zambezi River roars through rugged terrain, an unexpected sound pierces the lush bush. Amid the crashing water, a high-pitched hum emanates from a shipping container packed with 120 computers. This is no ordinary setup—it’s a Bitcoin mine, and it’

Bitcoin Mining

First US Engineered Hydro-Cooled Bitcoin Miner Unveiled to Tackle Supply Chain Issues

Silicon Valley-based blockchain and AI infrastructure provider Auradine has launched a groundbreaking product in the Bitcoin mining sector with the debut of the Teraflux AH3880, the first hydro-cooled miner engineered entirely in the United States. This Bitcoin mining machine aims to address some of the most significant hurdles facing miners

Bitcoin

IMF Adds New Crypto Classification System Featuring Bitcoin, Stablecoins, and Staking

The International Monetary Fund (IMF) has taken a significant step forward in acknowledging the rising influence of digital assets by integrating Bitcoin and cryptocurrencies into its latest balance of payments standards. Released on March 20, 2025, the seventh edition of the Balance of Payments Manual, known as BPM7, marks the

Bitcoin

SEC Confirms Bitcoin and Proof of Work Mining Are Not Securities Under US Law, Offering Clarity for Miners

In a significant development for the crypto industry, the U.S. Securities and Exchange Commission has clarified that Bitcoin and its Proof of Work mining activities do not qualify as securities under current U.S. law. Announced on March 20, 2025, this decision brings long-awaited regulatory certainty to Bitcoin miners

Ripple

Ripple’s Role in Spreading Bitcoin FUD Unraveled in SEC Lawsuit Documents

In a revealing twist from the ongoing legal saga between Ripple Labs and the U.S. Securities and Exchange Commission, internal emails from 2018 have surfaced, shedding light on the blockchain company’s efforts to promote the narrative that Bitcoin is controlled by China. The disclosure comes as part of

Bitcoin

How Bhutan’s $1 Billion Bitcoin Reserve Powers Public Services and Sustainability

In a recent interview with Al Jazeera, Bhutan’s Prime Minister Tshering Tobgay shared details about the country’s innovative approach to Bitcoin and crypto, revealing that its strategic Bitcoin reserve, now valued at over $1 billion, plays a central role in funding essential public services. The small Himalayan nation

Crypto

Belarus Embraces Crypto Mining with Lukashenko’s Bold Initiative

Belarus President Alexander Lukashenko has called for the nation to begin mining Bitcoin and other cryptocurrencies, capitalizing on the country’s excess electricity. The announcement, highlighted in a recent address on March 5, 2025, reflects Belarus’s strategic push to leverage its resources in the growing cryptocurrency sector. Lukashenko’s

Bitcoin

El Salvador Halts Bitcoin Accumulation Under New IMF Loan Agreement

El Salvador has agreed to cease accumulating Bitcoin in its national portfolio, marking a significant policy shift as outlined in a comprehensive 111-page report released by the International Monetary Fund on March 3, 2025. This decision comes as part of a $1.4 billion loan agreement with the IMF, reflecting

Bitcoin Mining

Braiins Unveils Bitcoin Mining Chip to Challenge Bitmain’s Market Dominance

Braiins, a company focused on advancing Bitcoin mining technology, has introduced a new ASIC chip designed to compete with Bitmain’s long-standing dominance in the Bitcoin mining industry. Bitmain, a Chinese manufacturer, currently controls roughly 70% of the ASIC market, a position that has raised concerns about centralization in Bitcoin

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.