Phoenix Group Mines 350 Bitcoin in Q1, Bolsters North American Operations With Texas Facility
This week, Phoenix Group PLC reported $31 million in Q1 2025 revenue alongside progress toward 500 megawatts (MW) of global...
Mining
Phoenix Group Boosts Ethiopia Bitcoin Mining Capacity to 132 MW
Phoenix Group has expanded its Bitcoin mining operations in Ethiopia, securing an additional 52 megawatts, bringing its total capacity there...
Bit Digital Aims for $500M Raise to Fuel HPC, Cloud Expansion
Bit Digital plans to raise up to $500 million through an at-the-market (ATM) equity offering. The offering will be facilitated...
Bitcoin Miners Catch a Break: Network Difficulty Slides 3.34%
After four straight difficulty hikes beginning March 9, the Bitcoin network finally eased up—registering a 3.34% downward adjustment that offered...
Terengganu Police Dismantle Bitcoin Mining Syndicate in Electricity Theft Crackdown
Terengganu police and Tenaga Nasional Berhad (TNB) dismantled a syndicate accused of stealing electricity to power illegal bitcoin mining operations...
Bitcoin Miners Bleed $40M in April as Fourth Straight Revenue Drop Deepens the Crunch
Bitcoin miners brought in $40 million less in revenue during April than they did in March, marking the fourth straight...
Blockstream Spins out Mining and ASIC Divisions in Major Restructuring Effort
The bitcoin-focused technology firm closed a $210 million funding round led by Fulgur Ventures last October and is now implementing...
Green Bitcoin? Over 52% of Mining Now Uses Sustainable Energy
The latest Cambridge Centre for Alternative Finance report confirms the United States and Canada dominate global bitcoin mining, collectively controlling...
LAX Cargo Theft Unveiled: LAPD Catches Suspects Behind $2.7M in Stolen Bitcoin Miners
A local news outlet reports that two individuals tied to a South American theft ring were apprehended in Los Angeles...
Coinshares: Bitcoin Hashpower Set to Hit One Zettahash by July
A Coinshares report predicts Bitcoin’s network hashpower will likely reach 1 Zettahash per second (ZH/s) by July 2025. Reaching 1...
After Nearly 100 EH/s Exodus, Block Times Stretch to 10:34—What’s Next for Bitcoin Miners?
Over the past week, data reveals that the Bitcoin blockchain has witnessed the departure of nearly 100 exahash per second...
Cleanspark Nears Approval for Tennessee Bitcoin Mining Facility
Mountain City may soon welcome a bitcoin mining operation, as Cleanspark has secured preliminary backing from local planners, contingent upon...
Russia May Expand Bitcoin Mining Restrictions to Additional Regions
Three more regions in Russia have applied to join others in limiting bitcoin mining activities due to the high energy...
Alert: Bitcoin Mining Could Collapse Paraguay’s Power Grid by 2029
The Paraguayan Industrial Union (UIP) stated that if demand continues to rise due to the growth of bitcoin mining activities,...
From 920 EH/s to 868 EH/s: Bitcoin’s Hashpower Takes a 50 EH/s Hit
After the network achieved an all‑time high of 926 exahash per second (EH/s) and experienced a 1.42% difficulty bump to...
Hashprice Below $40? Mining Report Paints a Stark Picture for Bitcoin Miners
Bitcoin miners face the tightest margins since 2023, warns theminermag.com’s Head of Research Wolfie Zhao, as hashprice flirts with critical...
Bitcoin Miners Press on as Difficulty Climbs 1.42% in Early Saturday Adjustment
Around 4 a.m. Eastern time Saturday, when Bitcoin’s block height reached 893,088, the network difficulty ratcheted upward to a new...
HPC Gold Rush Continues: Bitcoin Miner Bit Digital Secures Québec Site for Tier 3 Data Center
Bit Digital, Inc. has secured a lease-to-own agreement for a 202,000-square-foot site in Saint-Jérôme, Québec, to develop a Tier 3...
Auradine Raises $153M in Series C to Boost Blockchain and AI Infrastructure
Auradine, a U.S.-based firm in energy-efficient blockchain and artificial intelligence (AI) infrastructure, has raised $153 million in a Series C...
Report: Bitdeer Eyes US Bitcoin Mining Rig Production as Industry Navigates Tariff Uncertainty
Publicly listed bitcoin mining company Bitdeer is preparing to manufacture its mining equipment in the United States, a move shaped...
Tether to Use Ocean for Decentralized Bitcoin Mining
Ocean is a decentralized bitcoin mining pool launched by longtime Bitcoin Core developer Luke Dashjr in 2023 and backed by...
Senate Democrats Propose Emissions Caps on Crypto Mining and AI Data Centers
Democratic Senators Sheldon Whitehouse and John Fetterman introduced the “Clean Cloud Act of 2025” this week, proposing regional emissions limits...
