Bitcoin Mining

A collection of 38 posts

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.

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