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943 EH/s and Climbing: Bitcoin’s Mining Power Nears Historic Threshold
2.6.2025
With bitcoin’s price consolidating following the all-time high (ATH), the network’s computational power has reached an unprecedented zenith, touching a peak of 943 exahash per second (EH/s). Bitcoin Nears Zettahash Milestone Bitcoin’s global hashrate has reached a fresh pinnacle, with data...
IMF raises concern over Pakistan’s Bitcoin mining power plan: report
31.5.2025
IMF questions Pakistan’s plan to allocate 2,000 megawatts of electricity for Bitcoin mining amid energy shortages and budget talks
IMF raises concern over Pakistan’s Bitcoin mining power plan: report
31.5.2025
IMF questions Pakistan’s plan to allocate 2,000 megawatts of electricity for Bitcoin mining amid energy shortages and budget talks
IMF raises concern over Pakistan’s Bitcoin mining power plan: report
31.5.2025
IMF questions Pakistan’s plan to allocate 2,000 megawatts of electricity for Bitcoin mining amid energy shortages and budget talks
Bitdeer Acquires $21 Million Site for Bitcoin Mining Power Plant in Canada
5.2.2025
Bitcoin mining firm Bitdeer has acquired a 101-megawatt permitted site in Alberta for $21.7 million to build a bitcoin mining data center. Bitdeer to Build Power Plant for Bitcoin Mining Bitdeer, a bitcoin mining company has taken a major step toward becoming a fully integrated mining operation...
How Chinese Lending Firm Cango Became a Bitcoin Mining Powerhouse
3.1.2025
Cango purchased 50 EH/s worth of mining power towards the end of 2024, making it one of the biggest players in the bitcoin mining industry
Hive to Expand Bitcoin Mining Power With $60M Purchase
4.12.2024
The investment is expected to help the firm top $300 million in revenue and produce 2% of the Bitcoin network’s total hashrate. Competition Among Miners Intensifies as Bitcoin Inches Towards $100K Canadian-based Bitcoin mining firm Hive Digital Technologies (Nasdaq: HIVE) has purchased 13,480...
Hut 8 Gears up for a Mining Power Surge With 31K New Bitmain Antminers
6.11.2024
Hut 8 Corp., a North American bitcoin miner, has unveiled plans to enhance its application-specific integrated circuit (ASIC) fleet, aiming for a boost in self-mining efficiency and expanded hashrate capacity by early 2025. Hut 8 Moves to Boost Mining Efficiency With ASIC Fleet Upgrade As part...
Tech giant’s failed AI energy deals could pull power from Bitcoin
6.11.2024
Bitcoin miners could be squeezed out by deep-pocketed tech giants that can outbid them for prime power sources.
Tech giant’s failed AI energy deals could pull power from Bitcoin
6.11.2024
Bitcoin miners could be squeezed out by deep-pocketed tech giants that can outbid them for prime power sources.
Ethiopia Boosts Bitcoin Mining Power Allocation to 600 MW
11.10.2024
Ethiopia has rapidly expanded its electricity allocation to Bitcoin mining, making it one of the world’s fastest-growing markets for this activity. The country plans to further increase its capacity this year. Many of the miners are using mid-generation machines due to their low power...
Paraguayan Justice System Achieves Conviction for Power Theft Crime Linked to Cryptocurrency Mining
16.8.2024
The Paraguayan justice system has reached a milestone by achieving its second conviction related to a power theft crime linked to cryptocurrency mining. Carlos Raul Rojas, the owner of a dwelling where over 1,000 cryptocurrency miners operated, was sentenced to 18 months in prison for causing over...
Hive Announces Plans to Move Into Paraguay Amidst Bitcoin Mining Power Hike Turmoil
26.7.2024
Hive Digital, a public green bitcoin mining company, announced plans to build a 100MW site in Paraguay, having connected with President Santiago Peña and his cabinet. Hive stated that stability in government fiscal policies, such as energy pricing and taxation, will be a key factor in the expansion...
Latam Insights: Paraguay Raises Bitcoin Mining Power Fees, Bolivia Praises Stablecoins as Dollar Proxy
7.7.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay raises bitcoin mining power fees, Bolivia talks about the utility of stablecoins as dollar alternatives, and Kavak tokenizes debt in Brazil....
Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations
2.7.2024
The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a company that planned to invest over $400 million in the country due to...
Bitdeer boosts Bitcoin mining power with new Ohio site lease
1.7.2024
One of the industry’s major players, Bitdeer, has announced a significant expansion by signing a 30-year lease agreement with the Monroe County Port Authority. The deal allows Bitdeer an additional 570MW from the Hannibal Industrial Park in Clarington, Ohio. This is a major step...
3 Bitcoin Mining Pools Wield 69% of Total Hashrate Discovering 301 Blocks in 72 Hours
4.6.2024
Figures reveal that over the preceding 72 hours, three bitcoin mining pools discovered more than 69% of the 436 blocks found during that period. Foundry USA and Antpool, two industry titans, command a formidable 55.5% of Bitcoin’s total computational power. Foundry Dominates Bitcoin Mining...
Bitcoin Mining Power Wanes — Network Hashrate Drops Below 600 EH/s
3.6.2024
Bitcoin’s hashrate has once again dipped below the 600 exahash per second (EH/s) threshold, following a brief increase in computational power on May 26. Since then, the seven-day simple moving average (SMA) shows that the network has decreased by at least 74 EH/s over the past week. Bitcoin...
CZ Reveals Client Execs Kidnapped, Hive Increases Mining Power, Blackrock on ETH ETFs — Week in Review
19.11.2023
Changpeng Zhao, the CEO of leading crypto exchange Binance, recently revealed that executives of a Binance client were kidnapped and shaken down for their crypto holdings. In other news, Vancouver-Based Hive Digital has increased its mining power and Blackrock has weighed in on the topic...
Hive Bolsters Mining Power With Purchase of 4,800 Bitmain S19k Bitcoin Miners Ahead of 2024 Halving
14.11.2023
On Tuesday, Hive Digital, a bitcoin mining company based in Vancouver, revealed its acquisition of 4,800 Bitmain S19k Antminer mining rigs. Hive stated that this purchase is intended to strengthen the firm and strategically position it for the anticipated reward halving. Vancouver’s Hive...