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Phoenix Group Mines 350 Bitcoin in Q1, Bolsters North American Operations With Texas Facility
7.5.2025
This week, Phoenix Group PLC reported $31 million in Q1 2025 revenue alongside progress toward 500 megawatts (MW) of global bitcoin mining capacity, including a newly operational 20 MW facility in Texas. Phoenix Group Targets Top 5 Bitcoin Mining Spot by 2026 Phoenix Group, an Abu Dhabi-based...
Bit Digital Aims for $500M Raise to Fuel HPC, Cloud Expansion
5.5.2025
Bit Digital plans to raise up to $500 million through an at-the-market (ATM) equity offering. The offering will be facilitated by investment bank H.C. Wainwright & Co., which will earn a commission of up to 3% on shares sold. New Funding to Support Excursion Into High-Performance Computing...
Bitcoin Miners Catch a Break: Network Difficulty Slides 3.34%
4.5.2025
After four straight difficulty hikes beginning March 9, the Bitcoin network finally eased up—registering a 3.34% downward adjustment that offered miners a welcome moment of relief. Bitcoin Network Sees First Difficulty Drop After 4 Consecutive Rises Bitcoin’s difficulty declined for the first time...
Bitcoin Miners Bleed $40M in April as Fourth Straight Revenue Drop Deepens the Crunch
1.5.2025
Bitcoin miners brought in $40 million less in revenue during April than they did in March, marking the fourth straight month of dwindling returns since December as the sector continued its downward earnings trend. April Wrecks Bitcoin Miners Again—Revenue Slides for Fourth Month in a Row Though...
Terengganu Police Dismantle Bitcoin Mining Syndicate in Electricity Theft Crackdown
1.5.2025
Terengganu police and Tenaga Nasional Berhad (TNB) dismantled a syndicate accused of stealing electricity to power illegal bitcoin mining operations in Hulu Terengganu and Marang districts on Tuesday, seizing 45 machines worth RM225,000. Police, TNB Raid Illegal Bitcoin Mining Operations in Hulu...
Blockstream Spins out Mining and ASIC Divisions in Major Restructuring Effort
1.5.2025
The bitcoin-focused technology firm closed a $210 million funding round led by Fulgur Ventures last October and is now implementing key expansion initiatives. Strategic Shift: Blockstream Carves out Mining and Hardware Divisions Bitcoin infrastructure firm Blockstream has announced that it will...
Bitcoin Miner Compass Energizes First Phase of 30 MW Iowa Data Center
29.4.2025
Compass Mining has initiated operations at the first phase of its self-owned bitcoin mining facility in Iowa, the company announced on Tuesday. Compass Mining Powers Up First Phase of 30 MW Iowa Project The initial 8-megawatt (MW) phase of the 30 MW project is now online, with construction...
After Nearly 100 EH/s Exodus, Block Times Stretch to 10:34—What’s Next for Bitcoin Miners?
26.4.2025
Over the past week, data reveals that the Bitcoin blockchain has witnessed the departure of nearly 100 exahash per second (EH/s) of hashrate. Much of that exodus unfolded after difficulty climbed to 123.23 trillion on April 19. Will the Upcoming Retarget Restore Bitcoin’s Equilibrium on May 4? Data...
Cleanspark Nears Approval for Tennessee Bitcoin Mining Facility
26.4.2025
Mountain City may soon welcome a bitcoin mining operation, as Cleanspark has secured preliminary backing from local planners, contingent upon final evaluations of the site and energy arrangements. Cleanspark’s Bitcoin Mining Facility Proposal Moves Forward in Mountain City The Mountain City...
LAX Cargo Theft Unveiled: LAPD Catches Suspects Behind $2.7M in Stolen Bitcoin Miners
25.4.2025
A local news outlet reports that two individuals tied to a South American theft ring were apprehended in Los Angeles after allegedly stealing $4 million in goods, including $2.7 million worth of application-specific integrated circuit (ASIC) bitcoin miners. From Tequila to Bitcoin Mining Rigs: LAPD...
Alert: Bitcoin Mining Could Collapse Paraguay’s Power Grid by 2029
24.4.2025
The Paraguayan Industrial Union (UIP) stated that if demand continues to rise due to the growth of bitcoin mining activities, Paraguay’s power grid could collapse as early as 2029. The union proposed diversifying the nation’s energy sources and reducing dependence on hydroelectricity....
Hashprice Below $40? Mining Report Paints a Stark Picture for Bitcoin Miners
22.4.2025
Bitcoin miners face the tightest margins since 2023, warns theminermag.com’s Head of Research Wolfie Zhao, as hashprice flirts with critical break‑even territory. Trump Tariffs Add Jitters to Miners Already Hit by Rising Difficulty, Study Finds According to theminermag.com data compiled...
From 920 EH/s to 868 EH/s: Bitcoin’s Hashpower Takes a 50 EH/s Hit
21.4.2025
After the network achieved an all‑time high of 926 exahash per second (EH/s) and experienced a 1.42% difficulty bump to 123.23 trillion, roughly 52 EH/s have exited the network since April 17. Difficulty Spike and Hashrate Drop Lengthen Block Times Bitcoin’s computational capacity has eased since...
Chart of the Week: 'Dire Picture' for BTC Miners as Revenue Flatlines Near Record Low
20.4.2025
Despite bitcoin trading around $84,000, miner revenue has decreased due to the recent halving event and rising operational costs
Bitcoin Miners Press on as Difficulty Climbs 1.42% in Early Saturday Adjustment
19.4.2025
Around 4 a.m. Eastern time Saturday, when Bitcoin’s block height reached 893,088, the network difficulty ratcheted upward to a new all‑time high, making the quest for new blocks considerably more difficult for miners. Block 893,088 Triggers Another All‑Time High in Mining Complexity After the prior...
Report: Bitdeer Eyes US Bitcoin Mining Rig Production as Industry Navigates Tariff Uncertainty
16.4.2025
Publicly listed bitcoin mining company Bitdeer is preparing to manufacture its mining equipment in the United States, a move shaped by U.S. President Donald Trump’s trade policies. Trump’s Tariffs Push Bitdeer Toward Self-Mining and American-Made Bitcoin Miners Facing the Trump administration’s...
Bitdeer turns to self-mining Bitcoin, US operations amid tariff tumult — Report
15.4.2025
Bitcoin miner Bitdeer is reportedly expanding its self-mining operations and investing in United States-based production as looming trade wars rock global supply chains and cryptocurrency markets. Bitdeer has begun prioritizing mining Bitcoin (BTC) itself in response to cooling demand for...
Bitdeer turns to self-mining Bitcoin, US operations amid tariff tumult — Report
15.4.2025
Bitcoin miner Bitdeer is reportedly expanding its self-mining operations and investing in United States-based production as looming trade wars rock global supply chains and cryptocurrency markets. Bitdeer has begun prioritizing mining Bitcoin (BTC) itself in response to cooling demand for...
Senate Democrats Propose Emissions Caps on Crypto Mining and AI Data Centers
14.4.2025
Democratic Senators Sheldon Whitehouse and John Fetterman introduced the “Clean Cloud Act of 2025” this week, proposing regional emissions limits and financial penalties for cryptocurrency mining operations and artificial intelligence (AI) data centers that exceed environmental standards. Senate...
Trump Tariff Relief Covers Consumer Tech; Bitcoin Miners May Face Classification Hurdles
12.4.2025
U.S. President Donald Trump disclosed over the weekend that certain electronic devices will be exempt from the ongoing tariffs imposed on China. This move is likely to ease the concerns of technology firms that have been engaged in a logistical tug-of-war, shipping components across borders under...