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Bitcoin Miner IREN Posts Record $501M Revenue in FY25, Reverses Prior-Year Loss
30.8.2025
Australian Bitcoin miner IREN has declared fiscal year 2025 its “breakout year,” reporting a surge in revenue from $187.2 million to $501 million and reversing a prior net loss to a record $86.9 million in profit. CEO Highlights Operational Expansion IREN, an Australian Bitcoin miner, has described...
Chronicling the End of Bitcoin: Analyst Estimates It Might Happen in 11 Years
19.8.2025
While many now believe that bitcoin has been battle-tested and has staying power, others still consider that the top cryptocurrency might come to an end, as the mining industry may be unable to continue operating and maintain profitable margins in the next 7 to 11 years. When Will Bitcoin End?...
Bitcoin Miner Cleanspark Posts Record $257M Profit, Faces $185M Tariff Dispute
10.8.2025
In Q2 of 2025, U.S. bitcoin miner Cleanspark reported a revenue of $198.6 million, marking a 90% increase from $104.1 million in the same period last year. Q2 Financial Performance In the second quarter of this year, U.S. bitcoin miner Cleanspark’s revenue soared to $198.6 million, an increase...
Bitcoin’s Difficulty Smashes Records, Making Rewards Tougher Than Ever
9.8.2025
The latest figures reveal Bitcoin’s difficulty rating notched its 11th increase of the year, rising 1.42% on Friday evening and making block rewards even harder to discover. Despite five separate decreases along the way, Bitcoin’s mining difficulty has still climbed 17.73% in 2025 so far. 129.44...
Is Cango a Bitmain Proxy? Here’s What I Found
27.7.2025
CANG just became the 4th largest public Bitcoin miner by hash rate. But after a recent leadership shakeup, is it now acting as a proxy for Bitmain? We break down the ownership changes, executive ties, and industry links to uncover what’s really going on. Cango Becomes Top-4 Public Bitcoin Miner...
KULR Mining Hits 750 PH/s With New Bitmain Mining Rigs Stationed in Paraguay
10.7.2025
KULR Technology Group Inc. (NYSE American: KULR) has expanded its bitcoin ( BTC) mining operations, the company announced July 9. KULR Reaches 750 PH/s Bitcoin Mining Milestone On Wednesday, KULR disclosed that it deployed 3,570 Bitmain S19 XP 140 terahash per second (TH/s) bitcoin mining machines...
Bitcoin Hashrate Revs up 88 EH/S Since the Low as Miners Race Toward Profitability
5.7.2025
Bitcoin’s hashrate has picked up speed, adding 88 exahash per second (EH/s) over the past 11 days after falling to 810 EH/s on June 24. Meanwhile, miners are enjoying an 11.62% increase in profitability compared to a month ago. From Slump to Sprint: Bitcoin Hashrate Rockets Back, Profits Surge...
Riot Platform’s Power Strategy Boosts Credits Amid Production Decline
4.7.2025
In June, Riot Platforms mined 450 bitcoin, a 12% decrease from May’s 514 BTC, with daily production averaging 15 BTC compared to 16.6 BTC in May. Riot Achieves Higher Average BTC Price in June Bitcoin mining firm Riot Platforms produced 450 bitcoin ( BTC) in the past month, a 12% drop from the...
From Subsidies to Shutdowns: Norway Moves to Restrict Bitcoin Mining
20.6.2025
The Norwegian government has announced plans for a temporary ban on new data centers engaged in power-intensive cryptocurrency mining, in an effort to conserve electricity for other industries. Crypto Mining Generates Little for Local Community Norway’s government announced June 20...
Bitcoin Miner Bitdeer Aims to Secure $330M via Convertible Notes for Expansion
18.6.2025
Bitdeer Technologies Group priced an upsized private offering of $330 million in convertible senior notes due 2031. The Singapore-based bitcoin mining company increased the offering size from an initially announced $300 million. Bitdeer Upsizes Convertible Note Offering The 4.875% notes, maturing...
Trump’s Tariffs Just Reshaped Bitcoin’s Backbone
18.6.2025
Three major Chinese bitcoin mining rig manufacturers—Bitmain, Canaan, and MicroBT—are relocating their production to the United States. This move allows them to circumvent the punitive tariffs imposed on Chinese imports. Chinese Trio Dominate Global Mining Rig Market In what will be seen as...
Bitmain’s 1.16 PH/s Bitcoin Mining Beast: The ASIC Arms Race Just Got Real
8.6.2025
Over the past three years, bitcoin mining gear has evolved dramatically—from machines cranking out massive terahash to widely available rigs boasting efficiencies under 20 joules per terahash (J/TH). At the World Digital Mining Summit last month, Bitmain pulled back the curtain on a machine...
Bitcoin Miner Riot Sees 139% Yearly Increase in Daily BTC Production
4.6.2025
In May, bitcoin miner Riot Platforms produced 514 bitcoins, marking an 11% increase from the 463 mined in April and more than double the 215 produced in May 2024. Prioritizing Operational Excellence Bears Results Bitcoin miner Riot Platforms produced 514 bitcoins in May 2025, an 11% increase from...
Bitcoin Miners Bank Big in May—Highest Monthly Earnings Since the Halving
2.6.2025
Figures logged in May show that bitcoin miners achieved their most lucrative month since the network’s fourth halving in April 2024. During May, the collective revenue drawn in by miners reached an impressive $1.52 billion. Bitcoin Revenues Reach 13-Month High Bitcoin miners recorded their most...
Bitmain Unveils ‘Most Efficient’ Mining Rig Amid Market Shift
28.5.2025
Bitmain has launched the Antminer S23 Hydro series, featuring a performance of 580 terahash per second (TH/s) and a power consumption of 5,510 watts, making it the “most efficient” mining rig available. Declining Demand for Mining Rigs Bitcoin mining rig maker Bitmain unveiled the new Antminer...
Publicly Traded Bitcoin Miners Slide as Sector Sees Broad Losses
28.5.2025
Bitcoin mining stocks experienced widespread declines Wednesday, with most major publicly traded firms in the sector in the red. Bitcoin Mining Stocks See Red Across the Board Galaxy Digital Holdings, leading by market capitalization at $6.64 billion saw its shares drop 11.33% this afternoon...
Bitlayer Teams up With Major Bitcoin Mining Pools to Achieve ‘First’ BitVM Implementation
28.5.2025
Bitlayer has formed partnerships with three bitcoin mining pools—Antpool, F2pool, and Spiderpool—to enhance the implementation of the Bitcoin Virtual Machine (BitVM) and the BitVM Bridge. Aligning Mining Operations With Bitcoin’s Evolution Bitlayer, a Bitcoin layer two (L2) solution,...
Hashpower Hot Zones: North America, Eurasia, and Latin America Lead Bitcoin’s Hashrate Race
27.5.2025
At press time, the Bitcoin network hashrate is cruising along just above the 900 exahash per second (EH/s) range and according to current stats documented by hashrateindex.com, the United States leads prominently with 36.025% of the global hashrate. Global Hashrate Showdown: U.S. Leads, Russia...
Compass Mining, Synota Redirect Bitcoin Hashrate to Fund Energy and Healthcare Initiatives
23.5.2025
Compass Mining has partnered with Synota’s “Impact Mining” initiative to redirect a portion of bitcoin mining revenue toward subsidizing energy costs for healthcare and education projects in underserved Nigerian communities. Compass Mining’s Partnership Powers Solar Grids, Healthcare via Bitcoin...
Behind-the-Meter Bitcoin Mining: Sangha Renewables Breaks Ground on 20 MW Texas Site
22.5.2025
Sangha Renewables is turning West Texas sunshine into bitcoin, breaking ground on a 20 MW mining facility powered by solar energy—and nearly hitting its $17 million equity target with $14 million already secured. Texas Solar Farm to Generate Bitcoin via Sangha’s 20 MW Mining Operation Sangha...