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Cango to Offload Chinese Assets for $352M, Eyes Bitcoin Mining Growth
3.4.2025
Cango Inc., the 14th-largest publicly listed bitcoin miner by market cap, has entered definitive agreements to sell its China-based operations to Ursalpha Digital Limited for $351.94 million, accelerating its focus on global bitcoin mining. Cango Sheds PRC Operations to Fuel Mining Ambitions...
US Senator Goes Full Bull on Bitcoin Mining With FLARE Act
2.4.2025
A powerful new federal bill offers full tax expensing to crypto miners capturing flared gas, turning wasted energy into bitcoin-fueled grid dominance. FLARE Act Sets the Stage for US Energy Reform and Bitcoin Mining Expansion U.S. Senator Ted Cruz (R-TX) announced on March 31 the introduction...
Bitcoin Miners Grapple With $20M March Earnings Dip as Hashprice Swings
1.4.2025
March’s financial metrics reveal a $20 million contraction in bitcoin miners’ earnings relative to February. Simultaneously, the hashprice—the theoretical daily yield of 1 petahash per second (PH/s)—diminished by 3.93% from its early March benchmark. Hashprice’s 3.93% Slide Meets 862 EH/s Frenzy...
MARA Holdings to Sell $2 Billion in Stock for Bitcoin Purchases
30.3.2025
MARA Holdings, Inc. has announced a $2 billion at-the-market stock offering, with plans to use the proceeds primarily to acquire additional bitcoin and for general corporate purposes. MARA Targets Bitcoin Growth Through $2 Billion Stock Offering The company, MARA Holdings, Inc. (Nasdaq: MARA)...
Bitcoin Mining Made Predictable: Soluna, Luxor Streamline Bitmine’s Growth
30.3.2025
Soluna Holdings and Luxor Technology partnered with Bitmine Immersion Technologies to deploy a turnkey bitcoin mining solution that tripled operational capacity while mitigating risks tied to energy volatility and equipment costs. Bitmine Scales Mining Operations 3x via Soluna-Luxor Partnership...
Cango Inc. 50 EH/s Power Play: Is This the Next Big Name in Bitcoin Mining?
30.3.2025
Cango Inc. pivoted from automobile trading to Bitcoin mining and is now targeting 50 EH/s in early 2025. With a growing BTC treasury, Tencent as an institutional investor, and Bitmain links, is this the mining sector’s next dark horse? A Cango Deep Dive The following guest post comes from...
From Bitcoin to AI: Crusoe Energy Sells Mining Arm to NYDIG
26.3.2025
Crusoe Energy has sold its bitcoin mining operations to NYDIG to prioritize artificial intelligence (AI) infrastructure development, the companies announced March 25. NYDIG Expands Bitcoin Mining Footprint with Crusoe Acquisition Reports disclose that the transaction includes over 425 modular data...
Coin Metrics Reveals Bitcoin’s Global Energy Hunt and Hidden Supply Chain Perils
25.3.2025
Coin Metrics’ latest State of the Network report reveals bitcoin miners are balancing stabilized revenues and persistent fee pressures post-halving through hardware upgrades and renewable energy adoption, amid geopolitical supply chain risks. China Tariffs, Texas Renewables, and AI: Inside Bitcoin...
Auradine Debuts US-Engineered Hydro-Cooled Bitcoin Miner With 600TH/s Output
25.3.2025
U.S.-based application-specific integrated circuit (ASIC) manufacturer Auradine has launched the Teraflux AH3880, a hydro-cooled bitcoin miner engineered in the U.S. to improve energy efficiency, reduce operational costs, and mitigate supply chain risks. Teraflux AH3880 Hydro-Cooled Miner Targets...
Pakistan Crypto Council proposes using excess energy for BTC mining
22.3.2025
Bilal Bin Saqib, the CEO of Pakistan's Crypto Council, has proposed using the country's runoff energy to fuel Bitcoin (BTC) mining at the Crypto Council's inaugural meeting on March 21.According to an article from The Nation, the council is exploring comprehensive regulatory frameworks...
Pakistan Crypto Council proposes using excess energy for BTC mining
22.3.2025
Bilal Bin Saqib, the CEO of Pakistan's Crypto Council, has proposed using the country's runoff energy to fuel Bitcoin (BTC) mining at the Crypto Council's inaugural meeting on March 21.According to an article from The Nation, the council is exploring comprehensive regulatory frameworks...
Foundry, Antpool, and Viabtc Dominate Bitcoin Mining: Here’s Why
20.3.2025
Bitcoin mining pools Foundry, Antpool, and Viabtc collectively command over 65% of the network’s global hashrate, amplifying their dominance through scale, competitive fee models, and tailored incentives for participants. What Are Mining Pools? Collaborative mining pools aggregate computational...
Game Theory at Play? Speculation Grows Over US Military’s Bitcoin Mining Interest
18.3.2025
In the wake of U.S. President Donald Trump’s establishment of a Strategic Bitcoin Reserve (SBR), speculation has emerged regarding potential Department of Defense (DoD) initiatives to engage in cryptocurrency mining. Is the DoD Entering the Bitcoin Mining Arena? An X Post Sparks the Discussion...
Bitcoin Miner Bitfarms Completes Acquisition of Stronghold Digital Mining
17.3.2025
Bitfarms Ltd. has finalized its acquisition of Stronghold Digital Mining, Inc., marking an expansion of its U.S. operations and energy capabilities. The deal strengthens Bitfarms’ position in the PJM market and advances its high-performance computing (HPC) and artificial intelligence (AI)...
Bitcoin’s Hashrate Bounces Back: Miners Power Through Revenue Dip
17.3.2025
Bitcoin’s hashrate has bounced back impressively after dipping to 752 exahash per second (EH/s) on Feb. 25, now climbing to 819.65 EH/s, even as earnings took a notable hit in March. Earnings Drop, Hashrate Rises The network’s computational strength has strengthened, currently sitting over 67 EH/s...
Hive Digital Doubles Down on Paraguay Bitcoin Mining Expansion
16.3.2025
“Hive Digital Chairman Frank Holmes stated that the company expects to expand its capacity by over 400% with its initiatives in Paraguay, a country that offers ample hydroelectric energy for the company’s operations. Hive Digital Hypes 400% Expansion in Paraguay Hive Digital, one of...
Report: Bitcoin Miners Sitting on 100K BTC Fortune — But Owe $4.6B
15.3.2025
According to a recent report, bitcoin mining companies privately run or traded on the stock market now hold over 100,000 BTC in their accounts. But there’s a catch — these businesses have also taken on a hefty $4.6 billion in debt. Bitcoin Miners Walk Debt Tightrope With 100K BTC...
Bitdeer’s Bitcoin Mining Chip Achieves 9.7 J/TH Efficiency, A3 Mass Production Slated for Late 2025
13.3.2025
Bitdeer Technologies Group announced its SEAL03 wafer achieved a record 9.7 joules per terahash (J/TH) efficiency during testing, while confirming plans to begin mass-producing its Sealminer A3 mining rigs in late 2025. With 9.7 J/TH Milestone, Bitdeer Advances Sealminer A3 Toward 2025 Rollout...
Bitcoin Mining Costs Expose Deep Divides as Price Trades Below $82K
11.3.2025
As bitcoin trades at $81,626—just shy of the $82,000 mark—disparities in mining costs among leading public firms expose striking operational differences, with some companies extracting bitcoin at a fraction of the network’s estimated average. Mining Bitcoin for Profit?...
US Loosens Grip on Seized Bitcoin Mining Rigs, but Many Remain Confiscated
7.3.2025
U.S. authorities have begun releasing seized bitcoin mining equipment after months of scrutiny over Chinese-made chips. Thousands of units are freed, but many remain held. US Starts Releasing Seized Bitcoin Mining Equipment U.S. authorities have started releasing some of the cryptocurrency mining...