Tagged: mining

Bitcoin (BTC) Mining Industry Reportedly Remains Resilient Amid Rising Global Hashrates

The Bitcoin mining industry continues to evolve, with May 2025 showcasing significant operational advancements and strategic adaptations to seasonal challenges, as detailed in recent reports from Compass Mining. These updates highlight the sector’s resilience amid rising global hash rates, economic pressures, and environmental considerations, offering… Read More

Bitcoin (BTC) Mining Industry Continues to Show Resilience and Strategic Shifts

The Bitcoin mining sector continues to demonstrate resilience and adaptability in the face of post-halving challenges, with firms like MARA, Riot Platforms, and Bit Digital reporting significant operational updates for May 2025. These updates highlight robust production, infrastructure growth, and a strategic pivot toward diversification,… Read More

Bitcoin Mining Firm Riot Platforms Announces Upsizing of Credit Facility to $200M with Coinbase

Riot Platforms, Inc. (NASDAQ: RIOT), an industry service provider focused on vertically integrated Bitcoin mining, is pleased to announce that it has successfully upsized its existing $100 million credit facility to a total commitment of up to $200 million with Coinbase Credit, Inc., a subsidiary… Read More

FCA Regulated Crypto Firm JA Mining Says Cloud Mining Contracts Available, Including XRP

JA Mining says it has launched its cloud mining contracts, targeting investors interested in earning passive income through crypto mining. JA Mining highlights that it is regulated by the Financial Conduct Authority (FCA) adding that it is committed to transparency and compliance. The company also… Read More

Bitcoin Mining Ecosystem Is Evolving with Diversification into High-Performance Computing (HPC) and AI – Report

The Bitcoin mining ecosystem continues to evolve rapidly, driven by technological advancements, market dynamics, and strategic shifts among major players. Insights from CoinShares’ Q4 2024 Mining Report and Compass Mining’s March 2025 Bitcoin Mining Industry Report highlight key trends, including rising hashrates, sustainable energy adoption,… Read More

Bitcoin Mining Firm Riot Platforms Announces $100M Credit Facility with Coinbase

Riot Platforms, Inc. (NASDAQ: RIOT), a firm focused on vertically integrated Bitcoin mining, is pleased to announce that it has entered into a $100 million credit facility with Coinbase Credit, Inc., a subsidiary of Coinbase Global, Inc. (NASDAQ: COIN). Under the terms of the credit… Read More

Tether to Deploy Hashrate on OCEAN, Enabling Decentralized Bitcoin Mining Infrastructure

Tether, which claims to be the largest company in the digital assets industry, announced its intention to deploy both existing and future hashrate on OCEAN, a Bitcoin mining pool focused on decentralization and launched by long-time Bitcoin Core developer Luke Dashjr. This strategic move strengthens… Read More

Proof of Work: SEC Comments on Characteristic of Certain Digital Assets and Mining

The Securities and Exchange Commission (SEC) has issued a statement on Proof of Work (PoW), a characteristic of some digital assets – most prominently Bitcoin. Proof of Work is a way to validate and mint new crypto. At one time, Ethereum was PoW, but it… Read More

Bitcoin (BTC) Mining Industry Navigated Increasingly Complex Challenges in 2024 – Report

The Bitcoin (BTC) mining industry in 2024 has navigated an increasingly complex landscape of opportunities and obstacles, as indicated in recent financial reports from key players like MARA Holdings, Riot Platforms, CleanSpark, and IREN, alongside operational updates from Compass Mining. With Bitcoin prices hovering near… Read More

Bitcoin Mining Firm Bitfarms Engages Partners to Develop HPC and AI Business

Bitfarms Ltd. (NASDAQ: BITF), a Bitcoin and vertically integrated data center company, announced it has engaged two consultants in HPC strategy and artificial intelligence (AI), Appleby Strategy Group (ASG) and World Wide Technology (WWT), to conduct a feasibility analysis on all its North American sites… Read More

Russia’s Rosseti Ventures into Crypto Mining by Leveraging Underutilized Power Centers

Russia’s largest power grid operator, Rosseti, is venturing into Bitcoin (BTC) and crypto mining by leveraging its underutilized power centers. The state-owned energy provider aims to become a key coordinator for mining infrastructure deployment across the country, as reported by TASS. Rosseti sees crypto mining… Read More

Bitcoin Mining Firm Riot Platforms Launches Evaluation of AI/HPC Uses for Remaining 600 MW of Power Capacity

Riot Platforms (NASDAQ: RIOT) has recently launched a formal evaluation of potential AI/HPC uses for remaining 600 MW of power capacity at its Corsicana facility. Riot Platforms says that it has engaged expert consultants in order to assess AI/HPC opportunities and plans to “accelerate engagement… Read More

Singapore’s BitFuFu to Acquire Majority Stake in Bitcoin Mining Facility in Oklahoma

Singapore-based Bitcoin mining firm BitFuFu Inc. has announced plans to acquire a majority stake in a 51-megawatt (MW) Bitcoin mining facility in Oklahoma. The company has signed a letter of intent for the transaction, which is expected to close in the first half of 2025,… Read More

Bitcoin Mining Industry Report: Crypto Ecosystem Benefitting from Market Value Nearly Doubling YoY

Compass Mining shared its Bitcoin Mining Industry Report for the past month along with key operational updates. Bitcoin, the flagship cryptocurrency, surpassed $100,000 for the first time on Thursday 5 December, 2024, marking a significant milestone in the realm of digital assets and “even recognized… Read More

Prosper Acquires Over 7,000 ASIC Miners from BITMAIN

Decentralized Bitcoin mining protocol Prosper has acquired over 7,000 ASIC miners from BITMAIN and completed a strategic funding round backed by Metalpha, Waterdrip Capital, BIT Mining, and Animoca Brands, according to an announcement. The acquisitions and funding aim to expand Prosper’s institutional-grade Bitcoin hashrate capacity… Read More

Bitcoin Mining Firm MARA to Acquire Wind Farm in Texas

MARA (NASDAQ: MARA), a global firm focused on bitcoin mining and leveraging digital asset compute to support the energy transformation, announced entering into a definitive agreement to acquire a wind farm that’s reportedly based in Hansford County, Texas, with 240 MW of interconnection capacity and… Read More

Russia Reportedly Approved a Bitcoin and Crypto Tax Law, Recognizes Digital Currencies as Property

Earlier this week, Russia reportedly approved a cryptocurrency-focused tax law which recognizes Bitcoin (BTC) and crypto-assets as property (somewhat similar to what Chinese courts has determined several years back). The legislation, which was reportedly approved on November 27, 2024, formally acknowledges Bitcoin / other virtual… Read More

Bitcoin Mining Firm MARA Secures $200M Line of Credit to Potentially Capitalize on Opportunities and for Corporate Purposes

MARA (NASDAQ: MARA), a global firm focused on leveraging digital asset compute to support the energy transformation, announced that it has secured a $200 million line of credit, “collateralized” by a portion of its bitcoin holdings. MARA explained in an update that it may potentially… Read More

Bitcoin Mining Insights: Hash Price Considered a Key Metric BTC Miners Use to Measure Current, Potential Revenue

Konrad Fitzpatrick, a mining analyst at Compass Mining, notes that hash price is a critical metric that bitcoin miners use to measure their current and potential revenue. Compass Mining explains in a blog post that hash price is the “amount of bitcoin a miner can… Read More

Bitcoin Mining Firm MARA Holdings Releases Latest Business Update

MARA Holdings, Inc. (NASDAQ: MARA), which claims to be one of the world’s largest publicly traded bitcoin (BTC) miners and a leader in supporting and securing the Bitcoin ecosystem, recently released unaudited BTC production and miner installation updates for August 2024. Fred Thiel, MARA’s chairman… Read More

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